News Desk

1,300 Acres of Coveted Pacific Oceanfront Sells for $19,000 Per Acre

A lengthy battle over nearly 1,300 acres of highly coveted, undeveloped coastline north of Malibu came to an end in November when the Trust for Public Land (TPL) purchased Deer Creek from the estate of Harry Mansdorf for $25 million. The acreage will ultimately be added to the adjacent Santa Monica Mountains National Recreation Area. Mansdorf initially planned to develop the property into a destination resort. Thanks to TPL, however, the natural corridor between the Santa Monica Mountains and 14,000-acre Point Mugu State Park will be protected in perpetuity. California State Director Guillermo Rodriguez said, “Conservation in California is arduous, frustrating, and expensive, but worth it.” Read more HERE.

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