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Foreign Investor Acquires $65M in Fire-Damaged Malibu Lots for Luxury Rebuild: REPORT
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Foreign Investor Acquires $65M in Fire-Damaged Malibu Lots for Luxury Rebuild: REPORT
The acquisitions include eight lots on La Costa Beach and one on Carbon Beach, known as “Billionaires Beach.” A tenth lot is currently in escrow A foreign investor has discreetly purchased nine fire-damaged beachfront lots along Malibu’s Pacific Coast Highway for over $65 million, aiming to rebuild luxury homes on the iconic coastline ravaged by January 2025 wildfires, according to Realtor.com. The investor, whose identity remains undisclosed, i…
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