Malibu’s Wildfire-Scarred Beachfront Lots Hit the Market—Some Asking as Much as $6 Million

In a 7-mile stretch along the iconic Pacific Coast Highway in Malibu, nearly a dozen wildfire-scorched lots have hit the market—some asking as much as $6 million.

The January 2025 wildfires decimated several parts of Los Angeles County, with the Palisades fire destroying many of the iconic beachfront mansions in Malibu. The total cost of the destruction of the Palisades and Eaton fires is estimated at upward of $52 billion to $57 billion, according to AccuWeather.

Now, cleared of debris, many of these lots along PCH are on the market, including one just a minute down the road from where Paris Hilton‘s beach house once stood.

“In July 2025, there were 96 lots for sale in the city of Malibu with a median listing price of $1.5 million,” explains Hannah Jones, senior economic research analyst with Realtor.com®.

“Buyers and investors in the area tend to have access to significant capital, and may see these lot sales as an opportunity. The median listing price of a single-family home was $7.3 million, suggesting that there may be development opportunities for investors or builders.”

One of the most expensive is 19130 Pacific Coast Highway, which is asking $6 million. An eight-unit apartment building once sat on the 6,962-square-foot lot, according to the listing on Realtor.com. It’s described as a “rare triple-lot” with 90 feet of ocean frontage.

The description notes that the lot has been cleared and the seawall remained, “though badly burned.”

“Equipment and labor use can be maximized with no down-time,” adds the description.

The lot near Hilton’s destroyed home is listed for $4,950,000 and is described as located on “Malibu’s most desirable stretches of coastline.” The listing says the lot offers a “rare opportunity to build your dream home on the sands of exclusive La Costa Beach.”

The narrow lot used to have a 2,423-square-foot home on it, but now it’s being billed as “limitless potential” along the “favorable low mean tide line.”

Malibu’s celebrity row destroyed

The lots for sale sit along the coastline where many celebrities, including Hilton, owned homes.

Hilton and her husband, Carter Reum, shared their heartbreak on social media after watching their beach house burn down on live TV.

Hilton opened up about the loss of her home, which she and her husband bought for $8.4 million in June 2021—two years before they welcomed their son, Phoenix, in January 2023 and daughter, London, in November 2023.

Elsewhere in Malibu, “This Is Us” star Milo Ventimiglia‘s $4.4 million ranch house burned down.

In the aftermath of the fire, “General Hospital” star Cameron Mathison, 55, shared footage of the remains of his family home, which he and his wife, Vanessa, purchased in 2011, according to records.

In a video posted to his Instagram account, the actor revealed the fire obliterated his four-bedroom, six-bathroom dwelling—only the front pathway was left unscathed.

In another clip, which he posted on his Instagram Stories, Mathison broke down as he drove past the remains of his home and neighborhood, screaming in horror as he surveyed the devastation.

Rebuilding L.A.

The rebuilding process in L.A. County has been moving at a slow pace. The county has received only 1,409 rebuild applications, according to LA County Recovers records. In the permit process are 868 building plans, and only 154 building permits have been issued.

“Just because Malibu is a wealthy enclave doesn’t mean that everyone can afford to sit on a lot that won’t be buildable for many years into the future. People aren’t just dealing with the city of Malibu,” Victor Currie, Douglas Elliman real estate agent in Beverly Hills, tells Realtor.com.

“They also have to get their plans through the state and Los Angeles County’s requirements, plus the California Coastal Commission, which is usually the most challenging of all.”

On a positive note, adjacent communities saw an uptick in sales immediately after the fires. In the ravaged enclave of Pacific Palisades, where nearly 6,000 homes were destroyed, sales picked up more than 25% in January and February compared with a year earlier.

But now across the country, there’s a flood of inventory of homes for sale, which rose 24.8%, according to the Realtor.com July 2025 Monthly Housing Trends Report.