Malibu Real Estate
Virginia Beach is a beautiful place with stunning coastal beauty, an ever-growing job market, and of course, a ton of history behind it. There’s a reason that so many professionals, retired individuals, and young families move to the area, especially considering the median home price is approximately $260,000 with low tax rates - making it an affordable place to live, on top of being an economically stable and safe region.
There’s a little-known neighborhood that’s been referred to as “a little California in Virginia” known as Malibu. In the past, the entrance to the suburban development was known by the Malibu Tower - a tall stone tower that welcomed visitors and residents into the neighborhood. It was believed to be built alongside the subdivision back in the 1960s, and although it’s since been replaced, the subdivision is still there and as beautiful as ever.
An In-Depth Look at Malibu, Virginia Beach
Malibu is an urban neighborhood based on population density. The real estate is primarily made up of three to five bedroom single-family homes and high-rise apartment buildings with a mixture of renters and owners. Although quite a few homes were built between 1970 and 1999, there’s a ton of stunning older homes dating back to 1940. There are quite a few homes for sale in Malibu, Virginia Beach.
The median real estate price in this neighborhood, in particular, is $278,058. Although it tends to be a bit more expensive than some neighborhoods in Virginia Beach, many claim it’s well worth the price as it’s a quiet, family-friendly area with a peaceful feel to it. For those looking to rent, the average rental price is around $1,640, which is almost half the cost of many other neighborhoods.
According to various sources, demand for real estate in the area is above average compared to the rest of the U.S. This may signal upcoming construction of residential homes throughout the neighborhood, but only time will tell. Fortunately, there are homes for sale in the neighborhood right now.
Are There Schools in Malibu, Virginia Beach?
Those considering the neighborhood that have children will be happy to know that there is a fantastic school in the area. Malibu Elementary School is a fully accredited school that’s been around since 1962. They aim to provide a supported and enriching environment that allows every student to succeed. They also cater to military families as the neighborhood tends to bring in a lot of active military personnel with children. For those with high school aged children, there are options available nearby.
What About Shopping in Malibu, Virginia Beach?
Malibu is a quiet neighborhood, but it’s not far away from many popular retailers and restaurants that come in handy:
1. Home Depot
2. Sam’s Club
4. Bonefish Grill
7. And much more
If you’re ready to buy or sell a home in Malibu, Virginia Beach, get in touch with us. We’re here to help you with all of your real estate goals.
Malibu Listings Summary
Malibu - Town vs. County Stats
Avg Price in Malibu: $237,500 / County Avg $525,100
Avg Taxes in Malibu: $10,100 / County Avg $4,500
Avg Sq. Ft. in Malibu: 1,050 / County Avg 2,113
Avg Price per/sqft in Malibu:$226 / County Avg $248
Avg Walkscore in Malibu: 52 / County Avg 32
Avg Year Built in Malibu: 1962 / County Avg 1987
Avg Days on Website in Malibu: 28 / County Avg 42