Thursday, March 14, 2013

Welcome to Billionare's Row


Morgan Brennan takes a quick look at Carbon Beach in Los Angeles, generally regarded as one of the priciest stretches of real estate in the world:

Subdivided by Malibu's founding family, the Rindges, in the 1930s, Carbon now commands upward of $200,000 per foot of beachfront. The draw for Hollywood's power players? It's the city's deepest, driest strip of sand and less than 20 miles from Tinseltown. "Carbon Beach is home to the people who write the checks in Hollywood," says Stephen Shapiro of Westside Estate Agency. And the beach has public access, so go hang ten -- ten figures.

Steve Clowney

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