Following the devastating January 2025 wildfires in Los Angeles County, several wildfire-scorched lots are on the market along a 7-mile stretch of the Pacific Coast Highway in Malibu, some listed at up to $6 million. The total cost of destruction from the Palisades and Eaton fires is estimated between $52 billion and $57 billion. investors are showing interest in the 96 available lots, with a median listing price of $1.5 million and opportunities for development in a post-fire landscape.
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.
Buyers and investors in the area tend to have access to significant capital, and may see these lot sales as an opportunity.
The lot has been cleared and the seawall remained, 'though badly burned.' Equipment and labor use can be maximized with no down-time.
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.
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