The largest of the three parcels Malibu is buying, an 18.5-acre plot near Point Dume, will go for $18.2 million. The most expensive of the trio, a 9.5-acre plot near the Malibu Country Mart, will sell for $21.1 million. The smallest of the bunch, a 1.1-acre plot at the intersection of Webb Way and Civic Center Way, will sell for $3.2 million.

Source: Los Angeles Times May 08, 2018 15:33 UTC