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Empty lots in Malibu destroyed by the LA fires are now on the market for millions

Summary by Business Insider
This plot of land in Malibu is on the market for $2.7 million.Paul BarnabySome beachfront properties affected by the 2025 LA fires are on the market for millions.Real estate agents said the price is reasonable given the rarity of beachfront properties.But securing home insurance could be a hurdle.Oceanfront Malibu homes burned to the ground after a wildfire tore through the area seven months ago. Some of those now-empty plots are now selling for…

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Business Insider broke the news in United States on Sunday, August 3, 2025.
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