The first new condo development that Malibu has seen in two decades has officially opened its doors—revealing a veritable oasis of wellness-centric amenities designed to offer the very best in coastal living, without the eight-figure price tags that so are so often attached to properties in the exclusive enclave.
Privé Malibu is a gated condominium community that is perched above Point Dume and features 68 newly completed residences, all of which feature either two- or three-bedroom floor plans.
Spread across a 10-acre parcel, the property was previously a rental complex that once counted actor Charlie Sheen as a resident, according to the New York Post. However, it was acquired by BH3 Management in 2024, when work began to transform the existing structures into the luxury development that exists today.
Units inside Privé Malibu start at $1.9 million and go up to approximately $4.5 million—by no means a bargain; however, when compared to the area’s current median listing price of $5.6 million, those asks offer a much more attainable opportunity to those hoping to own property in one of America’s priciest zip codes.
Situated near Zuma Beach and Paradise Cove, the development is designed for homeowners who want to enjoy Malibu’s celebrated lifestyle without the ongoing demands that often accompany maintaining a large estate.
The residences also offer an alternative for buyers seeking a contemporary home that allows them to travel or split time between properties with greater ease while still enjoying upscale finishes and a prime location.
Images of the units that have been released to mark the official launch of sales highlight interiors with a warm, contemporary coastal feel. Wide-plank wood flooring extends throughout the open living areas, while oversized windows and expansive sliding glass doors bring in abundant natural light and create a seamless connection to the outdoor spaces.
The main living areas have been thoughtfully designed for both entertaining and everyday life.
Spacious living rooms centered around sleek fireplaces flow into dedicated dining spaces and modern kitchens featuring light wood cabinetry, integrated appliances, and oversized waterfall-edge islands that provide ample room for meal preparation and gathering with family and friends.
The bedrooms continue the relaxed design aesthetic with generous layouts, soft neutral tones, and large windows overlooking the surrounding landscape.
The primary suites are complemented by spa-inspired bathrooms outfitted with floating double vanities; freestanding soaking tubs; oversized walk-in showers; and clean, minimalist finishes that contribute to a tranquil atmosphere.
Outdoor living is another defining feature of the community.
Several residences include expansive private terraces with room for lounge seating, dining tables and conversation areas, creating additional living space where homeowners can take advantage of Malibu’s year-round mild weather.
The generous outdoor areas are designed to accommodate everything from quiet mornings with coffee to evenings spent entertaining guests.
Beyond the residences, homeowners will have access to an extensive collection of resort-style amenities—many of which are tailored to those who prioritize health and wellness, including a state-of-the-art biohacking studio.
Other planned offerings include tennis and pickleball courts, a yoga lawn, workout facilities, a zen garden, children’s play areas, a dog park, and gated security, providing a wide range of recreational and lifestyle conveniences within the community.
Aaron Kirman, who is the CEO of Christie’s International Real Estate Southern California and is handling the sale of the properties alongside his colleague, Tomer Fridman, says the development reflects changing preferences among today’s luxury buyers.
“Privé Malibu is the kind of project our New Development Division was built for,” he tells Realtor.com®. “Malibu hasn’t seen new condo inventory in two decades, and buyers are embracing the condo lifestyle in a way we’ve never seen before in this market.
“They want turnkey living, incredible amenities, security, and the freedom to lock and leave without sacrificing location. Demand for condos in the luxury sector is only growing, and we see enormous runway for these types of new development across Southern California.
“Today’s purchasers are drawn to move-in-ready homes with premium amenities, privacy and the flexibility to come and go without the responsibilities of a traditional estate. We expect demand for this style of upscale condominium living to continue gaining momentum across Southern California.”
The community’s debut also arrives at a time when opportunities to purchase newly-built residences in Malibu remain relatively limited—and amid ongoing efforts to rebuild the structures that were razed in the 2025 California wildfires.
Though Malibu remains one of the priciest ZIP codes in the U.S., ranking at No. 11 in the most recent Realtor.com data, its luxury market has seen a dip in the wake of the blazes, which broke out in January 2025 and destroyed thousands of structures in and around Los Angeles.
Realtor.com senior economist Anthony Smith explained in February of this year that the aftermath of last year’s deadly wildfires has taken a toll on the oceanside enclave, with buyer interest falling 46% over the summer.
“That decline reflects wildfire-driven shifts in inventory, with more listings representing land value or rebuild opportunities rather than turnkey luxury estates,” he said.
As one of the area’s first new condominium offerings in nearly 20 years, the community represents a notable addition to the city’s luxury housing market—and what could be a new influx of residents to the area.
Because large-scale residential developments have been relatively uncommon in Malibu, Privé Malibu is expected to attract buyers searching for newly constructed homes along Southern California’s coveted coastline.
By combining contemporary architecture, thoughtfully designed interiors and an extensive list of amenities, the project introduces a fresh residential option to a market that has seen little new condominium inventory in nearly two decades.
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