Yolanda Hadid and David Foster’s former Malibu estate, once a symbol of luxury and celebrity life, has found a new owner after being reduced to a scorched lot by last year’s Palisades Fire. The 3.25-acre ocean-view property, which had been listed for $12 million, closed at $6.5 million, setting a new record for the highest-priced land sale in Malibu since the 2025 wildfires. The sale marks a significant milestone for the area, highlighting its resilience amid ongoing challenges.
The Property’s History and Legacy
Purchased by the couple in 2007 for $4.5 million, the European-style villa became a iconic backdrop for The Real Housewives of Beverly Hills, where the Hadid sisters spent part of their teenage years. The home, known for its elegant design and prime location, was a testament to their success and lifestyle. However, the 2025 Palisades Fire destroyed the structure, leaving only a charred lot in its wake. Despite the devastation, the property’s value remained strong, reflecting the demand for Malibu’s prime real estate.
Rebuilding Ambitions and Design Plans
Before the fire, the estate was envisioned as a 14,000-square-foot gated compound by Bowery Design Group, featuring six bedrooms, ten bathrooms, and 14-foot ceilings. The plans included ultra-luxury amenities such as a home theater, spa, gym, game room, and nearly 4,000 square feet of outdoor space with three pools, a bocce court, and a full sports court. These conceptual renderings showcased the couple’s vision for a modern, high-end retreat. While the fire halted these plans, the property’s potential for redevelopment remains a key selling point.
Market Resilience and Strategic Location
Daniel Milstein, who represented the sale with Aaron Kirman of Christie’s International Real Estate, emphasized the deal’s significance, stating,
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