Malibu Development Valued at $100 million
Malibu's first ocean front, master planned community in decades has gone on the market, valued at over $100 million.
Located on an oceanfront bluff top on Malibu's rural western shore, the private residential resort – called MariSol – spans 80 acres of pristine land.
The development contains 17 Malibu Real Estate sites, each boasting clean ocean water, island and mountain views above one of Malibu's premier surf breaks.
It is also well positioned for visiting yachts, being just 25 minutes from Channel Islands Harbor which is home to several marinas. Another advantage is the proximity of private jet airport Camarillo Airport, which is just 15 minutes away.
The area's transformation marks a new chapter in its history. Having begun the 20th century as an unassuming 25-mile stretch of beach, the 1930s saw much of the expanse bought up by the fledgling Hollywood movie industry.
Much of the work that has gone into the MariSol development has helped return the area to its former glory. As part of its effort to preserve and restore the natural resources of the land, the development boasts a botanical and butterfly garden, as well as a park containing more than 2,000 native and coastal friendly trees.
MariSol’s listing is shared by Jack Pritchett & Jim Rapf of Pritchett-Rapf Realtors of Malibu, and Chris Cortazzo of Coldwell Banker Malibu.
"Much of the work that has gone into the MariSol development has helped return the area to its former glory"