The Malibu childhood home of supermodels Gigi and Bella Hadid has changed hands, but what the new owner acquired is no longer a house. The Carbon Canyon Estate, which was destroyed in the January 2025 California wildfires, sold as a vacant parcel of land measuring 3.25 acres. The final price came to $6,500,026, a figure recorded on April 15, 2026, for the property at 3903 Carbon Canyon Road. Before the fire, the estate had been listed at $34.995 million, a gap that tells its own story about how the Southern California real estate market has been reshaped by successive years of devastating fires.
For anyone who followed the family’s public life, the address carries a particular resonance. Gigi, Bella and their younger brother Anwar grew up on the property. Their mother, Yolanda Hadid, purchased it with her then-husband, the musician David Foster, in 2007 for $4.5 million. The couple sold it in 2015 for roughly $19.5 million, a transaction that reflected the soaring value of Malibu coastal property during that period. The house also became familiar to television audiences through The Real Housewives of Beverly Hills, where Yolanda appeared as a cast member from 2012 to 2016. It ranked among the more recognizable residences on the show, its Mediterranean architecture and ocean views providing a backdrop that viewers came to associate with the family’s storylines.
The property’s features before the fire read like a catalogue of luxury amenities. Listing details described a Mediterranean-style mansion spanning 11,622 square feet, with six bedrooms and eleven bathrooms. It included an infinity pool, a private theatre, a wine cellar, a spa and sweeping ocean views. Kylie Jenner reportedly rented the home in 2019 for $450,000 a month, a figure that underscores both the exclusivity of the location and the premium that celebrity-adjacent properties command in the rental market. The estate went on the market at $34.995 million on June 12, 2024, a listing that suggested confidence in the upper reaches of the luxury sector. Less than seven months later, the Palisades Fire ignited on January 7, 2025, and the mansion was gone.
The sale price of $6,500,026 is notable for several reasons. It represents a fraction of the pre-fire listing, naturally, but it also illustrates how land values in fire-affected areas of Malibu have held up despite the destruction. A 3.25-acre parcel in Carbon Canyon retains significant appeal for buyers who can afford to rebuild and who are willing to navigate the complicated, often slow process of obtaining permits in a region where fire risk has become a central planning concern. The specific figure, ending in twenty-six dollars, suggests a negotiated settlement rather than a round-number asking price, and it hints at the kind of granular bargaining that has become common as insurers, owners and buyers reassess exposure in high-risk zones.
There is a broader context here that extends well beyond one celebrity property. The January 2025 fires tore through large sections of Pacific Palisades and Malibu, destroying thousands of structures and displacing residents across a wide swath of Los Angeles County. The recovery has been uneven. Some owners have chosen to rebuild, others have sold their land and moved on, and many are still entangled in insurance disputes that have slowed the process considerably. The Hadid property’s trajectory, from a $4.5 million purchase in 2007 to a $19.5 million sale in 2015 to a $34.995 million listing in 2024 and finally to a $6.5 million land sale in 2026, compresses nearly two decades of California real estate history into a single address. It also reflects the uncomfortable reality that fire risk has become a fundamental variable in property valuation, not a peripheral concern.
For the Hadid family, the sale closes a chapter on a place that shaped their early years and later became part of the public record through television. Yolanda Hadid has spoken in the past about the home’s significance to her children, and its loss in the fires was widely noted at the time. The new owner inherits not just land but a location with a distinctive lineage, one that carries both the glamour of celebrity association and the cautionary weight of what happened on that hillside in January 2025. Whether the parcel is eventually rebuilt into another grand estate or held as an investment depends on decisions that have yet to be made. What is clear is that the market for fire-scarred land in Malibu remains active, driven by buyers who see opportunity in catastrophe and by a persistent, perhaps stubborn, faith in the value of California coastal property. The sale of the Carbon Canyon plot at $6.5 million suggests that faith has not disappeared, even if the house that once stood there has.
