Location, location, location: Malibu mobile home on the market for $3.75M

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Properties in the Malibu, California, mobile home park Paradise Cove — including a trailer that Matthew McConaughey used to call home — “routinely sell” for more than $1 million. A four-bedroom manufactured home in Paradise Park is now on the market for $3.75 million, the Wall Street Journal reports.

While you won’t see many $1 million mobile homes outside of Malibu, high-end manufactured homes are in growing demand around the country — they’re especially popular among downsizing retirees. Source: online.wsj.com.