Malibu, CA Real Estate Search

Malibu, CA New Construction Homes for Sale

The real estate market around Malibu, CA, is thriving with an exciting array of new construction homes for sale, perfect for those seeking modern coastal living. Nestled along the breathtaking coastline, these newly built properties boast contemporary designs, energy-efficient features, and luxurious amenities that enhance the Malibu lifestyle. Many of these homes offer stunning ocean views, proximity to pristine beaches, and access to world-class dining and entertainment options. With spacious floor plans and high-end finishes, these new constructions cater to both families and individuals looking for a serene retreat or a vibrant community. Investing in a new construction home in Malibu not only means embracing a sophisticated living environment but also becoming part of a unique coastal culture that emphasizes outdoor activities and natural beauty.

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Newest Malibu, CA New Construction Homes for Sale

$22,500,000
4 Beds 7 Baths 25527783 MLS
A one-of-one architectural estate spanning approximately 10,000 square feet, this extraordinary residence redefines Malibu coastal living through timeless architecture, uncompromising craftsmanship, and an unparalleled connection to the Pacific Ocean. Walls of floor-to-ceiling glass dissolve the boundary between indoors and out, framing uninterrupted coastline views from nearly every room. At the heart of the home, the expansive great room opens to an 89-foot infinity-edge pool, creating a seamless transition between architecture, water, and horizon. Constructed with poured-in-place concrete and finished with custom teak flooring and handcrafted teak sliding doors, every material was selected for its authenticity, longevity, and precision. At the center of the home is a world-class chef's kitchen by Bulthaup, thoughtfully designed for both exceptional entertaining and everyday living. Premium appliances, expansive preparation areas, and refined European craftsmanship create a space that is as functional as it is beautiful. The residence features four private bedroom suites, including a spectacular primary retreat with panoramic ocean views, a spa-inspired bath, and an expansive walk-in wardrobe. Additional amenities include a fully equipped fitness studio, a state-of-the-art media room, and a billiards lounge overlooking a private automobile gallery. A dedicated car elevator provides seamless access to the museum-level garage, creating an exceptional experience for the automotive enthusiast. Designed as both a sanctuary and a statement, the home offers extraordinary privacy, world-class craftsmanship, and one of Malibu's most distinctive architectural living experiences.

24689 Pacific Coast Highway, Malibu

$4,800,000
4 Beds 4 Baths 226003212 MLS
Completed in 2025, this newly constructed architectural masterpiece embodies the essence of contemporary Malibu living. Ideally situated within the prestigious guard-gated Malibu West community, this exceptional residence includes exclusive beach rights and access to the private Malibu West Beach Club. Thoughtfully designed with approximately 4,201 square feet of living space, including approximately 2,651 square feet of single-level living space and an additional 1,550-square-foot lower level, the home offers 4 bedrooms, 3.5 bathrooms, and breathtaking canyon and mountain views from nearly every room. Inspired by timeless mid-century modern architecture, the home showcases clean lines, soaring ceilings, exposed board-formed concrete, and a seamless blend of natural materials. A custom-crafted 10-foot white oak pivot entry door creates a striking first impression, while floor-to-ceiling windows, expansive sliding glass doors, and dramatic skylights fill the interiors with natural light and connect seamlessly to the surrounding landscape. Wide-plank white oak flooring, white oak interior doors, and thoughtfully selected designer finishes provide warmth, sophistication, and timeless appeal throughout. The open-concept great room flows effortlessly into the chef's kitchen, where premium Thermador appliances, including a 6-burner gas range, built-in refrigeration, custom white oak cabinetry, and imported Italian glass tile backsplash, create a space that is as functional as it is beautiful. An oversized island anchors the kitchen while overlooking the expansive living and dining areas, all framed by spectacular canyon and mountain views. The primary suite is a peaceful retreat with walls of glass showcasing sweeping views and abundant natural light. The spa-inspired bathroom features a soaking tub and a beautifully designed open-concept walk-in shower, creating a luxurious resort-like atmosphere. Three additional guest bedrooms, including one ensuite bath, provide comfortable accommodations. A striking glass-railed staircase leads to the lower level, offering exceptional flexibility with a soundproof studio ideal for recording, a home theater, fitness studio, executive office, game room, playroom, or additional living space. Designed around the principles of indoor-outdoor living, the home's striking wraparound architectural concrete terrace serves as a natural extension of the interior, creating an extraordinary outdoor living experience while embracing the surrounding canyon and mountain landscape. Thoughtfully designed roof overhangs with integrated recessed lighting provide inviting outdoor gathering spaces from day into evening, while expansive sliding glass doors dissolve the boundaries between the great room and the outdoors. Whether entertaining on a grand scale or enjoying a quiet evening beneath the stars, the terrace, the above-ground spa, and outdoor shower create a true resort-inspired setting. Additional amenities include a finished 504-square-foot attached two-car garage with a modern frosted glass door, ample guest parking, convenient laundry chutes, and 400-amp electrical service. Residents of Malibu West enjoy one of Malibu's most sought-after coastal lifestyles. In addition to the security of a guard-gated community, ownership includes exclusive beach rights and access to the private Malibu West Beach Club, featuring direct beach access, private beach parking, lockers for beach gear, and access to the Malibu West community tennis and pickle ball courts. Underground utilities preserve the neighborhood's clean streetscape and scenic surroundings. Every detail of this residence was thoughtfully considered to create a living environment that is as functional as it is inspiring. Beautifully balancing architectural distinction with everyday livability, this remarkable property represents contemporary Malibu living at its finest.

30612 La Sonora Drive, Malibu

$4,999,000
5 Beds 6 Baths 26851195 MLS
Exceptional value in Malibu Park, this newly completed 2025 Modern Home offers luxury coastal living with panoramic ocean, canyon, and mountain views just minutes from iconic Zuma Beach. Privately situated on a gated half-acre knoll on a desirable cul-de-sac street, this remarkable five-bedroom, five-and-a-half-bath residence combines sophisticated design, exceptional craftsmanship, and an unbeatable West Malibu location. Some photos have been virtually staged to show property potential. Spanning approximately 3,848 square feet, the home is complemented by 1,228 square feet of expansive view decks and balconies, a 555-square-foot garage, and two versatile lower-level, exterior access only storage rooms totaling an additional 383 square feet. Designed to maximize natural light and breathtaking vistas, nearly every room enjoys spectacular views. A dramatic oversized entry door framed by Italian stone walls and a granite porch welcomes you into a bright, open floor plan featuring wide-plank oak hardwood floors, solid oak interior doors, and floor-to-ceiling Western pocket sliding glass doors that seamlessly connect the great room to an expansive Brazilian Tigerwood entertaining deck for effortless indoor-outdoor living. The chef's kitchen is beautifully appointed with premium Thermador appliances, a six-burner range with double ovens, an oversized center island, and elegant Carrara marble countertops. All five bedrooms feature ensuite bathrooms, including two main level bedrooms and three upstairs bedrooms. The luxurious primary suite offers dual ocean-view balconies, a spa-inspired bath with a freestanding soaking tub, oversized marble shower, private sauna, and Marvin sliding doors that capture refreshing ocean breezes. A striking glass ceiling above the central staircase fills the home with natural light, while a Nitto residential elevator provides convenient access to both levels. Modern amenities include prewiring for televisions, high-speed internet, and security camera system. Outdoor living is equally impressive with a sparkling pool and spa, enclosed courtyard, lush park-like landscaping, generous parking, and fully fenced grounds offering privacy, flexibility, and room for horses or a future ADU. Located just minutes from Zuma Beach, Point Dume, Trancas Country Market, Westward Beach, scenic hiking and equestrian trails, and Malibu's highly regarded schools, this exceptional new construction presents a rare opportunity to own a luxury home at an outstanding value in one of Malibu's most sought-after neighborhoods.

5675 Calpine Drive, Malibu

$21,500,000
6 Beds 8 Baths 26847649 MLS
Hidden behind stone walls within the ultra-exclusive MariSol Malibu enclave, 11624 Ellice Street is a stunning new construction coastal estate that redefines contemporary luxury through stellar, breathtaking design, craftsmanship, and privacy. Created by acclaimed architect Doug Burdge, AIA, and The RMCI Group Luxury Development, this resort residence is one of just 18 homes in an 80-acre gated community that blends architectural significance with effortless coastal living. Commanding unobstructed 180-degree whitewater views over County Line Beach's world-famous surf break, the estate captures the epic beauty of blue Pacific's sea and sky. Set around a magnificent, sparkling resort class pool and extraordinary central courtyard for epic entertaining or chill parties under the sun and stars, the estate's walls of glass open to the vast ocean beyond and a stunning light-filled 60-foot great room aerie with unparalleled volume. The estate interior is a refined expression of modern Belgian-inspired design: serene, textural, and quietly sophisticated. A soft, organic palette of alabaster, taupe, and warm beige is layered with charcoal accents and natural materials, creating an atmosphere both elevated and inviting. Expansive walls of glass throughout frame sweeping ocean views, while disappearing doors open the living, dining, kitchen, and bar areas completely to the outdoors, embodying the essence of Malibu indoor-outdoor living. Interiors are defined by meticulous detail. Ten-inch-wide European French oak flooring by Bottega Legna, finished in an ultra-matte lacquer for durability and understated elegance. Custom white oak feature walls with vertical planking and tambour detailing add warmth and depth, while curated natural stone including Silver Roots marble, Calacatta Matarazzo, Pietra Grey, and limestone brings timeless modern warmth and style to key spaces. The chef's kitchen pairs design with performance, featuring a Galley workstation sink with Graff fixtures and a full suite of Miele appliances, including ovens, refrigeration, and an integrated coffee system, complemented by a discreet Zephyr Monsoon hood. Additional Miele refrigeration and dishwashers extend into the service kitchen, pantry, and bar, ensuring seamless entertaining. Spanning 12,669 feet on one expansive grand level, the residence offers six bedrooms, two of which are spacious primary suites. Amenities rival those of a luxury resort, including a theater, full gym, steam room, and sauna. Gallery walls for a masterful modern art collection. Control 4 home automation. Security system wired for extensive cameras. An approximately 20 minute drive to Camarillo's private "Cloud 9" airport for convenient private jet access and travel. A remarkable, singular, rare Malibu whitewater view estate, blending glamorous indoor/outdoor living, comfort and world-class unparalleled amenities.

11624 Ellice Street, Malibu

$3,250,000
5 Beds 5 Baths 26843027 MLS
Just completed, this extraordinary private estate encompasses approximately 20 pristine acres beneath the iconic Boney Ridge in coveted West Malibu. Surrounded by unspoiled natural beauty and offering unparalleled privacy, the property captures breathtaking panoramic views of the Pacific Ocean, spectacular sunsets, and the Channel Islands. The newly constructed main residence features five bedrooms and four full bathrooms, thoughtfully designed with soaring vaulted ceilings and expansive living spaces that seamlessly blend indoor and outdoor living. Walls of glass frame the stunning coastal vistas and open to an ocean-view infinity-edge pool and spa, creating an exceptional setting for entertaining, relaxation, and year-round enjoyment. The luxurious primary suite serves as a private sanctuary, complete with a fireplace and an elegant spa-inspired bath. A separate fifth-bedroom suite, featuring its own private entrance and kitchen, offers exceptional versatility as a guest house, caretaker's quarters, or private living space. Enhancing the estate are two additional buildable pads with re-approval permits currently in the final stages. One pad is designed for a fully independent two-bedroom guest house with a two-car garage, while the second is planned for a barn or car barn. All utilities have been conveniently installed underground, preserving the property's natural beauty and unobstructed views. A rare offering that combines brand-new construction, expansive acreage, dramatic coastal panoramas, and complete seclusion, this remarkable estate represents one of Malibu's most enchanting and unique opportunities. A truly magical property that must be experienced to be fully appreciated.

8567 Rd Mipolomol Road, Malibu

$12,895,000
5 Beds 7 Baths 26831463 MLS
Introducing this exceptional new construction organic modern architectural home, featuring interior design by Atana Collective and built by Aksel Development, known for their custom homes and commitment to distinctive residences. Situated on 1.25 acres, this property features well over 10,000 SF of interior and exterior entertainment space, featuring 5 bedrooms and 7 bathrooms. The gracious family and living room showcase 12-15 foot ceilings with walls of glass that open to an expansive Golden Balau exotic hardwood deck offering whitewater ocean vistas. White oak flooring and ceilings throughout, paired with solid walnut interior doors and walnut-oak cabinetry, create a warm, soothing contemporary ambiance. The gorgeous chef's kitchen includes a large center island topped with leathered Taj Mahal Quartzite stone, Miele appliances, and a spacious walk-in pantry. The ocean-view primary suite features walls of glass leading to a private terrace, a fireplace, and a luxurious bath with dual sinks and closets, a floating tub, and a large walk-in shower with sliding doors to the outdoors. Three additional ocean-view bedroom suites are located on the lower level, while the wellness lounge offers a fitness center, sauna, steam room, massage room, and bar. Outside, an ocean-view infinity pool and spa adjoin the main living area, complemented by ample grassy yard space, an outdoor kitchen, and two fire pits. A large motor court provides for an entertainer's dream, with plentiful parking alongside a spacious 3-car garage offering direct access to the over 3,000 SF deck, all enhanced by a Control 4 smart home system, camera security, and built-in speakers throughout.

30010 Andromeda Lane, Malibu

$12,900,000
6 Beds 7 Baths 26750669 MLS
The Wimbledon Estate. Perched above the coastline in coveted Malibu Park, this ultra-private coastal retreat blends laid-back surf culture with elevated organic modern design. Set on expansive grounds with sweeping ocean views, the property offers a rare sense of seclusion just moments from Zuma Beach, Point Dume, and some of Malibu's most iconic stretches of coastline.Spanning approximately 6,650 square feet, the residence features 6 bedrooms and 7 bathrooms, thoughtfully designed for effortless indoor-outdoor living. Walls of glass bring in abundant natural light and endless blue horizons, while warm finishes and clean architectural lines create a home that feels both refined and relaxed. A two-car garage adds everyday convenience to the property's thoughtful layout.Outside, the grounds unfold like a private resort. An infinity-edge pool seems to disappear into the Pacific, surrounded by multiple lounge and entertaining areas designed for both quiet mornings and sunset gatherings. A full-size tennis court anchors the estate, complemented by a separate guest house, tennis house, and gym, offering exceptional flexibility for hosting, wellness, or creative use.Lush landscaping, mature greenery, and thoughtful positioning provide a true sense of privacy while maximizing light and views from every angle. A rare offering where design, setting, and lifestyle come together in one remarkable Malibu retreat.

29800 Cuthbert Road, Malibu

$1,875,000
4 Beds 4 Baths 26721079 MLS
Nestled on approximately one acre of beautifully landscaped grounds with SWEEPING OCEAN VIEWS, this exceptional PRIVATE, TWO-HOME property offers a rare opportunity to experience the very best of Malibu living. The newly constructed main residence features 3 bedrooms and 2 bathrooms, thoughtfully designed with an open-concept layout and dramatic floor-to-ceiling windows that fill the home with natural light while framing panoramic views of the Pacific Ocean and the surrounding Charmlee Wilderness mountains. The stylish kitchen is equipped with brand-new appliances, sleek countertops, and an inviting breakfast bar, perfect for both everyday living and entertaining. Each bedroom enjoys serene ocean and mountain vistas, creating a true sense of a retreat. Complementing the main home is a detached, two-story guest house with 1 bedroom and 2 bathrooms, offering exceptional versatility. Ideal for hosting guests, creating a private office, or generating rental income, this charming space provides comfort, privacy, and its own breathtaking sunrise and sunset views. Designed for seamless indoor-outdoor living, the expansive grounds feature a sun-drenched patio and spacious dining area, perfect for entertaining or simply relaxing while taking in the stunning natural surroundings. The property also offers ample parking, direct access to hiking and biking trails, and room for gardens or further customization. Located adjacent to Charmlee Wilderness Park and just minutes from Zuma Beach, local markets, and shops, with convenient access to Westlake Village. As a bonus, this private estate lies within the highly sought-after Malibu School District. A rare offering that combines luxury, flexibility, and tranquility. Enjoy Malibu living at its finest!

3065 S S Foose Road, Malibu

$3,595,000
4 Beds 5 Baths 26709489 MLS
Design-forward mountain retreat with sweeping ocean-to-mountain views. Set on approximately 2 acres in the Santa Monica Mountains near Malibu's County Line, this modern residence offers privacy with easy access to iconic surf breaks and trailheads. Rebuilt in 2023, the approximately 3,200 sq. ft. home - designed by architect Sara Laws with interiors by Malibu Market & Design - pairs clean architectural lines with natural warmth and resilient construction. The home features 4 bedrooms, an office/study, and 4.5 bathrooms across two levels, with flexible en-suite layouts and seamless indoor-outdoor flow. Expansive Fleetwood steel doors and windows open the residence to its surrounding landscape, while oak hardwood floors, 10-foot ceilings, and a Lutron lighting and shade system create a cohesive, refined interior. The kitchen is both functional and elevated, appointed with custom Italian cabinetry, Dekton stone surfaces, an eat-in island, and a full suite of Thermador appliances. Outdoor living unfolds across Garapa hardwood decks with a cedar hot tub, gas fire pit, and mini putting green, along with a detached office/studio featuring an outdoor shower. The approximately 1,400 sq. ft. upper deck offers a commanding vantage point over the surrounding landscape. The home is supported by modern systems and infrastructure, including Sonos wiring, Starlink connectivity, an integrated security system, fire-resistant construction, upgraded water systems, solar backup batteries, and drought-tolerant landscaping. A rare balance of design, privacy, and setting in one of Malibu's most naturally connected environments.

2543 S Foose Road, Malibu

$10,749,000
4 Beds 5 Baths 26686237 MLS
This newly built Malibu retreat offers resort style living with complete privacy and effortless indoor outdoor flow. A dramatic 24 foot glass gallery entry and open air atrium introduce the home's modern coastal design. The main level features an open dining and kitchen pavilion with a sculptural marble island, custom rift oak cabinetry, panel ready Thermador appliances, and pocketing walls of glass framing peaceful treetop and hillside views. The great room and adjoining bar lounge open to the infinity edge pool, with wraparound sliders capturing unobstructed ocean vistas. Just behind the bar sits a spacious bonus room ideal for a theater, game room, or entertainment space. A sleek fitness studio with its own en suite bath is located off the kitchen, creating a second large bonus space. The home offers four en suite bedroom suites and five baths, thoughtfully designed for comfort and privacy. Upstairs, the primary suite showcases floor to ceiling glass, pocket doors, and panoramic coastline views, along with a boutique style walk in closet and a spa inspired bath with soaking tub and dual vanities. All four suites include walk-in closets, and three enjoy private ocean view balconies. The grounds are tailored for relaxation and entertaining, featuring multiple terraces, flat grassy areas, lush landscaping for total seclusion, natural pathways, and an infinity pool that blends seamlessly into the horizon. Additional features include a detached garage and an oversized gated driveway with abundant parking. A rare combination of privacy, architecture, and coastal living perched above one of Malibu's most dramatic stretches of shoreline.

4732 Avenida Del Mar, Malibu

$4,095,000
4 Beds 4 Baths 26644083 MLS
Discover unparalleled luxury in this newer construction, boasting 4 bedrooms and 3.5 bathrooms across an expansive 3,232 square feet. An additional 400-square-foot bonus room above the garage, currently utilized as a home gym, adds versatility and sophistication to this stylish residence.Thoughtfully designed for modern living, this custom home features extensive storage options both on the side and underneath the property. Eco-conscious buyers will appreciate the owned solar-paneled roof and EV charging station. The interior showcases state-of-the-art technology, including a Creston system, advanced camera and security systems, and a whole-home audio setup all effortlessly controlled via your smart home application. The primary bedroom is a sanctuary of tranquility, offering breathtaking ocean and mountain views that captivate upon entry. Additionally, all other bedrooms also provide stunning ocean and mountain views, creating a serene and picturesque atmosphere throughout the home. Perfect for entertaining, the home features an expansive deck with an outdoor bar, ideal for dining al fresco and embracing the true California lifestyle. A lower outdoor space with a jacuzzi spa overlooks the ocean, providing a tranquil retreat for relaxation and enjoyment. Nestled amidst exclusive scenic hiking and biking trails and in close proximity to some of Malibu's most coveted beaches, this home provides the perfect blend of adventure and relaxation. Embrace the ultimate in luxury living with this exceptional property.

27148 Carrita Road, Malibu

$25,850,000
5 Beds 10 Baths 26643593 MLS
Extraordinary Ocean View New Construction in Malibu. Set within an exclusive Malibu Road enclave of just four homes, Malibu Colony Estates is secured by private gates with an optional guard offering elevated privacy and peace of mind. This stunning stunning residence showcases breathtaking ocean views and contemporary architecture by renowned architect Douglas W. Burdge, AIA. One of only four homes in this prestigious community, the property spans approximately 1.3 acres and features five bedrooms and ten bathrooms. A dramatic pivot entry framed by sculptural water features, sets the tone for seamless indoor-outdoor living. Expansive glass walls, soaring ceilings, and curated materials including vein-cut travertine and rare Calcutta Gold stone define the homes refined modern aesthetic. The grand living room is anchored by a striking floor-to-ceiling Blue Bibas marble fireplace, while the gourmet kitchen features top-of-the-line appliances and custom backlit cabinetry. Designed for seamless entertaining, the outdoor spaces offer multiple lounge areas, a covered bar with seating for six and a dedicated outdoor dining area. The private backyard showcases an infinity edged pool and spa, a firepit with built-in banquet seating, and a fenced lawn ideal for both relaxation and play. The main level includes a media area, full bar with bifold doors opening to the patio, a spacious dining area, and private office with breathtaking views. A guest suite with an en-suite bath completes the main level floor. Upstairs, the primary suite is a true retreat featuring panoramic ocean views , two spa inspired bathrooms and expansive walk-in closets delivering a resort like experience within the privacy of your own home. Three additional en-suite bedrooms on the second level provide generous accommodations for family and guests. The lower level is thoughtfully designed for both entertainment and relaxation, featuring a home private home theater, game room, gym or bonus room with large bath ideal for a potential sixth sleeping area, along with a separate powder room and dedicated laundry room. A three-car garage, ample onsite and street parking, and an elevator servicing all levels add to the home's everyday conveniences. Just moments from Malibu's premier beaches, dining and shopping, this estate offers a rare balance of privacy, scale and coastal living. Ideally positioned near the shoreline and the heart of Malibu, it delivers the ultimate southern California lifestlye. A rare coastal setting, this property places you just moments from Malibu's iconic shoreline and the areas most sought after destinations blending everyday convenience with an elevated beachside experience. Additional highlights include connection to a central sewer system and underground utilities along the cul-de-sac, enhancing both functionality and the clean unobstructed surrounding. An exceptional opportunity to own a newly built estate in one of Malibu's most prestigious and tightly held enclaves. The location is a10. Enjoy all the amenities of living in central Malibu in an extraordinary home.

23917 Malibu Road, Malibu

$7,950,000
3 Beds 4 Baths 25608175 MLS
Designed by Atelier Architects, this newly constructed residence, completed in 2022 with steel frame construction, commands approximately 57 feet of prime beach frontage between Santa Monica and the Malibu Country Mart, with breathtaking ocean views and private stairs to the sandy beach. Fully retractable automated Fleetwood sliding glass walls dissolve the boundary between interior living and the Pacific beyond, framing dolphins, surfers, and sunsets from every principal room. Natural-honed limestone floors anchor the main level, where the great room brings together a fireplace, dining space, wine display, and a chef's kitchen with a stone-topped island, bar seating, Miele appliances, and illuminated custom cabinetry. A wraparound deck extends the living space to the shoreline, with a covered lounge and alfresco dining area. Ascend the elegant wood staircase, which offers picturesque mountain views, to the upper level, where three luxurious bedrooms await. Each bedroom is appointed with wide-plank walnut flooring, Italian leather-lined closets, and spa-like bathrooms crafted from natural limestone. The primary suite features soaring double-height ceilings, a cozy fireplace, a versatile office or yoga loft, and an expansive private oceanfront deck. The ensuite bathroom is a work of art, offering a serene spa experience. The crown jewel of this residence is the rooftop deck, designed for ultimate relaxation and entertainment, with marine-grade appliances, a sleek hot tub, and 360-degree views. A Crestron smart home automation system manages climate, lighting, surround sound, and shades throughout. Additional features include fire-retardant construction, a fire suppression system, and an attached two-car garage with EV charging. Offered fully furnished, this exceptional residence presents a rare opportunity to acquire one of Malibu's finest newly constructed oceanfront homes.

18954 Pacific Coast Highway, Malibu

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.