Malibu, Calif. (90265)

5 million dollar homes
  • Sales of $5 million or more: 34
  • Price of this home: $5.5 million

It's all about the beach in Malibu and the closer you live to it, the more you'll pay. Homes closer to the water can easily go for $10 million or more.

This palatial villa sits in the hills across the Pacific Coast Highway from the beach. If it sat right near the water, it could cost two or three times as much. Nevertheless, it still offers expansive ocean views, as well as a pool with a spa, a gazebo, fountains, and a three-car garage.

Luxury interior touches include a grand staircase with a hand painted fresco above the landing, a salon with a wet bar and ocean views, a master suite with two dressing rooms and an adjoining library. There are five bedrooms, an executive office, a game room, and a wine cellar.

For further information: Trulia

First published June 2, 2014: 5:09 PM ET
Source: Coldwell Banker's Luxury Market Report for Fall 2013

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