Malibu Opens First Condo Development In 20 Years

Privé Malibu, the first new condominium development in Malibu in twenty years, has opened, offering 68 luxury residences with a focus on wellness-centric amenities. This gated community is situated above Point Dume and features two- and three-bedroom floor plans across a 10-acre parcel. The development aims to provide access to Malibu's coastal lifestyle without the high costs typically associated with large estates in the area.

The property was formerly a rental complex and was acquired by BH3 Management in 2024. Following the acquisition, extensive work began to transform the existing structures into the current luxury development. The residences at Privé Malibu are priced between $1.9 million and approximately $4.5 million. This pricing offers a more accessible entry point for buyers compared to Malibu's median listing price of $5.6 million, according to data from the New York Post.

Designed for homeowners seeking to embrace Malibu's desirable lifestyle, the development is located near Zuma Beach and Paradise Cove. The amenities are tailored to support a wellness-focused approach to coastal living, incorporating elements from biohacking to yoga. The project represents a significant new offering in Malibu's real estate market, addressing a long-standing gap in new condominium construction within the exclusive coastal city.