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History of the La Costa Beach Neighborhood
The first neighborhood in Malibu to be developed was La Costa where, in 1926, May Rindge's Marblehead Land Company sold the La Costa beachfront and hillside to developer Harold Ferguson for the sum of $6 million. Ferguson created the La Costa Beach Club for land-side property owners and had grand plans to develop the beach parcels. He laid out the La Costa development and gave the streets their names that remain today: Rambla Pacifico, Las Flores, Rambla Vista, and so on. Edgar Rice Burroughs, who created the Tarzan books, bought a home there, at 90 Malibu La Costa Beach, and in 1933 and was elected honorary "Mayor of Malibu Beach." But the La Costa project collapsed into insolvency and Ferguson went to jail for fraud. Marblehead repossessed the property and undertook the development, but the Depression stalled the project. Marblehead itself declared bankruptcy in 1936.
Malibu's La Costa Beach Neighborhood Today
Today the western end of the La Costa Beach neighborhood is an empty beach lot east of 21746 Pacific Coast Highway (PCH) -- intended for public access but tied up in court -- located across from where the west end of Rambla Vista joins PCH. On the east La Costa is bounded by the commercial property opposite the Rambla Pacifico shopping strip. It includes the La Costa Beach & Tennis Club property, still in operation today.
The quality of the homes ranges from original styles to upgraded remodels in the spirit of Carbon Beach, just to the west and accessible by foot at low tide. Like other parts of the Malibu beach, home sales above $6 million are not uncommon. Noise is a problem here since the homes have little separation from PCH.
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