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Article: Billionaire's Beach: how a public beach has become the most expensive hunk of shoreline in the country. .
- Article from:
- Los Angeles Magazine
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Emmis Publishing L.P. dba Los Angeles Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NOT FAR ALONG MALIBU'S 27-mile coastline, there is a particular beach called Carbon Beach. Do you know it? It runs slightly more than a mile before it dead-ends at the Colony, a far better known beach, though not a better beach. This isn't to say the Colony is a bad beach, but the average lot is narrower (30 feet), the houses are smaller, stand five feet apart (if that), and have not reached the price levels of those on Carbon. Some residents boast that Carbon is the most expensive beachfront property in the country--although this cannot be verified. Nor can it be proved, as some insist, that Carbon contains more concentrated wealth than any other strip of sand on the ...