Excitement is brewing as Barbie’s DreamHouse in Malibu, California prepares to open its doors to lucky guests for a limited time on Airbnb starting July 17th. Real estate experts at RubyHome have conducted an in-depth analysis, estimating the property’s market value at a staggering $10 million, which translates to $2,880 per square foot—more than three times the median price of homes in Malibu.
RubyHome’s valuation process involved comparing the sale prices of similar luxury properties in the Malibu area, taking into account comparable amenities, and adding a premium of 10% to account for the DreamHouse’s one-of-a-kind status.
The DreamHouse itself is a magnificent 3,500-square-foot residence, exuding an all-pink aesthetic, complete with a sparkling swimming pool and breathtaking views of the Pacific Ocean. The interior has been artfully designed by renowned designer Jonathan Adler, showcasing Barbie-themed furniture and decor.
The Airbnb listing paints a picture of a truly dream-like experience, stating that the mansion is perfectly situated above the beach, offering panoramic views—a life-sized pink toy mansion comes to life!
According to data compiled by RubyHome from the California Multiple Listing Service (CMLS), comparable homes in the vicinity with similar attributes, including location, pool, and views, command an average price of $9.1 million. However, given the DreamHouse’s iconic status and the cultural value associated with Barbie, its price skyrockets to a jaw-dropping $10 million—almost three times the average home value in Malibu—or $2,880 per square foot.
In the hypothetical scenario that Barbie decides to lease the property, it is estimated that monthly rental income could reach an impressive $77,412. If Barbie were to sell, she would need to consider closing costs amounting to an estimated $780,000.
To afford the DreamHouse with a 20% down payment, prospective buyers would need to have an annual income of at least $2 million—an astronomical figure that showcases the exclusivity and luxury of this iconic property.
While the Airbnb booking opens on July 17th, only four fortunate guests will have the opportunity to experience a one-night stay for two at the DreamHouse on July 21st and 22nd. It’s important to note that the house is privately owned and currently not available for purchase.
Tony Mariotti, CEO of RubyHome, remarked on the buzz surrounding Barbie’s DreamHouse, stating, “Barbie’s marketing has been omnipresent this summer. With the movie’s release on the horizon, this unique property made its appearance on Airbnb, attracting eager fans hoping to catch a glimpse of the real-life dollhouse, complete with a maximalist Barbie-themed interior. While it may not appeal to everyone’s taste, the spacious 3,500 square feet, breathtaking ocean views, private pool, and unparalleled design contribute to the property’s hefty price tag. It will be fascinating to see the response and revenue generated from the Airbnb listing during the two nights it’s open to guests.”
