Yolanda Hadid and David Foster Old Malibu Pad Sells for Record Price After Wildfires
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David Foster And Yolande HadidThe former Malibu estate – reduced to a burned-out wasteland in last year’s Palisades fire – has officially been sold for big money… TMZ has learned.
The 3.25-acre ocean-view property closed Wednesday for $6.5 million, marking the highest Malibu land sale since the 2025 Palisades wildfire.
Daniel Milsteinwhich held the listing with Aaron Kirman of Christie’s International Real Estate, told TMZ…they are proud to have represented the transaction and set a new record for the most expensive land sale in Malibu since the fires – despite a tough market – adding that the deal shows the resilience of Malibu and Los Angeles as buyers continue to see the potential in prime real estate.
The property had been listed for just under $12 million, providing a rare opportunity to rebuild on a prime piece of Malibu real estate.
Before the fire, the estate was a European-style villa that the couple purchased in 2007 for $4.5 million. It later became a well-known backdrop to “The Real Housewives of Beverly Hills,” where the Hadid sisters spent part of their teenage years.
The listing included conceptual renderings from Bowery Design Group, envisioning a massive 14,000-square-foot gated compound with 6 bedrooms, 10 bathrooms, 14-foot ceilings and 270-degree panoramic views of the Pacific Ocean.
Plans also called for ultra-luxurious amenities, including a home theater, spa, gym, game room and nearly 4,000 square feet of outdoor living space including three swimming pools, a bocce ball court and a full sports court.
The property still offers perks like access to La Costa Beach Club and is close to Malibu hotspots like Nobu, Soho House, and the Malibu Pier.