Paradise Cove Luau Parking, , , , , , , 0, Paradise Parking - Paradise Cove Malibu, www.paradisecovemalibu.com, 0 x 0, jpg, You pull into the Paradise Cove Luau parking lot, drive past the Luau parking (don't try to park in Luau spots!!!), and it's marked public parking. If locals are stacked up outside the lot waiting. There is no free parking. It costs $40 a day for unlimited entry and exit. However across the road there is a parking station which charges $15 for over night parking (max 10 hours)., 12, paradise-cove-luau-parking, Tourist Destinations You pull into the Paradise Cove Luau parking lot, drive past the Luau parking (don't try to park in Luau spots!!!), and it's marked public parking. If locals are stacked up outside the lot waiting. There is no free parking. It costs $40 a day for unlimited entry and exit. However across the road there is a parking station which charges $15 for over night parking (max 10 hours).