It is a wonderful place to live - not the least expensive to be sure! Great lifestyle and community, but you purchase the mobile home and rent the space. Space is rent controlled, but remember, you do not have a deed to anything. Mortgaging or pulling money out of it in a cash out refinance situation is not at all like a house...
We have an amazing pocket listing in Pointe Dume club, completely redone and gorgeous. It is coming up next month (Oct. 2014) in the low $900s. If you are interested contact me firstname.lastname@example.org
A few celebrities live there... Sean Penn has a house there. It will continue to appreciate, ESPECIALLY in 5 years. Home values have gone up exponentially over there and you saw the views, you would know why!
Let me know if you'd like me to send you some current properties there for sale just to take a look at them online.
Thanks! You will love Malibu