Owning or renting a piece of paradise in Malibu comes with a hefty price tag, with the median monthly rent in the seaside community sitting at $22,000, significantly higher than the national average. Despite the frenzy to rent beach retreats easing up since the pandemic, Malibu still boasts some of the most expensive rental properties in Los Angeles, and in some cases, renting a home in Malibu can be more expensive than buying one in other parts of California.
One such impressive rental property is a 3,763-square-foot home currently on the market for $65,000 per month. Located along the desirable La Costa Beach in eastern Malibu, the beachfront home sits on an oversized 60-foot wide lot, providing rare amenities such as a private courtyard pool. The property also has several Hollywood affiliations, having previously been owned by comedian David Spade before being sold to Netflix co-Chief Executive Officer Ted Sarandos and former United States Ambassador Nicole Avant in 2013 for $10.2 million.
Built in 1996, the two-story beach house has undergone multiple updates and renovations, giving it a modern aesthetic with classic beach architecture touches. Details like shiplap on walls, wood-beamed pergolas, and a lighthouse-inspired rotunda add character to the property. The open-concept layout is enhanced by walls of arched glass French doors that create an indoor/outdoor feel in the kitchen, dining area, and living room, with unobstructed ocean views from a covered patio. The primary suite upstairs includes a den/office, fireplace, and balcony overlooking the shore, with beach access just a few steps away from the back deck.
The property also features a separate bar/cabana by the pool, surrounded by pavers, making it a perfect spot for entertaining guests. The listing is represented by Stuart Vetterick of Beverly Hills-based Hilton & Hyland, showcasing the high-end luxury real estate offerings in Malibu. With its stunning beachfront location, Hollywood connections, and luxurious amenities, this rental property exemplifies the upscale lifestyle that Malibu has to offer to those willing to pay the price for a piece of paradise in this coveted coastal community.
Overall, the rental market in Malibu continues to cater to high-end clientele seeking exclusive beachfront properties with top-notch amenities and stunning ocean views. While the prices may be steep, the allure of owning or renting a piece of paradise in Malibu is undeniable for those who value luxury living in a prestigious coastal community. The unique features, Hollywood connections, and modern updates of properties like the one on La Costa Beach highlight the appeal of Malibu’s real estate market and the high demand for luxury rentals in this sought-after location. Whether as a vacation retreat or a permanent residence, Malibu continues to attract those looking for a glamorous lifestyle on the California coast.