Malibu Site Burned by Palisades Fire Sells for $6.5 Million

Once home to fashionista Yolanda Hadid and music producer David Foster, a Malibu property impacted by the Palisades fire has sold for $6.5 million.

The house on the parcel, which appeared on reality television show “The Real Housewives of Beverly Hills,” burned down in a wildfire last year, Realtor.com reported. Yolanda Hadid, mother of models Gigi and Bella Hadid, divorced Foster in 2017.

The couple purchased the home for $4.5 million in 2007 and transformed it through extensive renovations into a showcase of modern coastal design. Their efforts paid off in 2015, when they sold the six‑bedroom, 11‑bathroom residence at 3903 Carbon Canyon Road for $19.5 million, a fourfold increase that reflected Malibu’s soaring pre‑pandemic property values.

Before its destruction, listings described the estate as a “distinguished promontory property” offering world‑class living on 3.25 acres, with panoramic views and serene landscaping. The home’s prominence on television and in celebrity circles made it one of Malibu’s most recognizable addresses. It carried a listing price of $35 million.

Yet in early 2025, the property was among thousands lost to the Palisades fire, which devastated Pacific Palisades and parts of Malibu. The fire, in combination with one in Altadena, erased an estimated $8.3 billion in residential value, according to Realtor.com, leaving behind empty lots where multimillion‑dollar homes once stood – and efforts to rebuild have met obstacles.

It remains unclear who owned the Hadid‑Foster estate at the time of its destruction, but its loss illustrates the vulnerability of even the most exclusive enclaves. The blazes, finally contained on Jan. 31, 2025, reshaped the Malibu market by reducing inventory, driving up insurance costs and prompting investors to reassess risk in coastal zones once considered untouchable.

Yolanda Hadid, now based in Pennsylvania, has continued her residential ventures in the Mid-Atlantic market. Her 11‑acre farmhouse estate, listed for just under $11 million in September, was temporarily withdrawn from the market in January but is expected to relist later this year.

– Joel Russell