Malibu Coastal Enclave Gets First New Condos in Two Decades

Dozens of refurbished condominiums are hitting the market in Malibu, California, marking the first new condo inventory in two decades in the anti‑development enclave favored by celebrities and the ultra-rich.

The 68 units, located on a 10‑acre (4-hectare) gated campus called Privé Malibu, are listed for between $2 million and $4.5 million — a relatively modest price for a community where homeowners include billionaires Larry Ellison and Laurene Powell Jobs and mega star Beyoncé.