Yolanda Hadid & David Foster
Former Malibu Pad Sells for Report Money Publish-Wildfire
Printed
David Foster and Yolanda Hadid‘s former Malibu property — decreased to a scorched lot in final yr’s Palisades Hearth — has formally bought for giant cash … TMZ has discovered.
The three.25-acre ocean view property closed Wednesday for $6.5 million, marking the very best Malibu land sale for the reason that 2025 Palisades wildfire.
Daniel Milstein, who held the itemizing with Aaron Kirman of Christie’s Worldwide Real Estate, tells TMZ … they’re proud to have represented the transaction and set a brand new file for the highest-priced land sale in Malibu for the reason that fires — regardless of a difficult market — including the deal reveals the resilience of Malibu and Los Angeles as consumers proceed to see the potential in prime actual property.
The property had been listed for slightly below $12 million, providing a uncommon alternative to rebuild on a main stretch of Malibu actual property.
Earlier than the hearth, the property was a European-style villa the couple bought in 2007 for $4.5 million. It later turned a widely known backdrop on “The Real Housewives of Beverly Hills,” the place the Hadid sisters spent a part of their teenage years.
The itemizing included conceptual renderings from Bowery Design Group, envisioning an enormous 14,000-square-foot gated compound with 6 bedrooms, 10 loos, 14-foot ceilings, and sweeping 270-degree Pacific Ocean views.
Plans additionally referred to as for extremely luxurious facilities, together with a house theater, spa, fitness center, recreation room, and almost 4,000 sq. ft of out of doors dwelling house that includes three swimming pools, a bocce courtroom, and a full sports activities courtroom.
The property nonetheless carries perks like entry to La Costa Seashore Membership and sits near Malibu hotspots like Nobu, Soho Home, and the Malibu Pier.
