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The land that once hosted the home that Bella and Gigi Hadid grew up in has been sold for a record-breaking price after the mansion was destroyed in the LA fires of January 2025.
The 3.25-acre property — once known as the Carbon Canyon Estate — closed its sale on Wednesday for an eye-popping $6.5 million, TMZ reported.
That appears to mark the most expensive property sale in Malibu in the wake of the LA fires.
The site of the former Hadid–Foster mansion was initially listed for a little less than $12 million.
The property had previously been owned by the modeling sisters' mother, Yolanda Hadid, and her ex-husband, David Foster, who divorced in 2017.
Bella, 29, previously said goodbye to her old home in terrifying Instagram posts showing the house burning as it and many other properties through Malibu, Pacific Palisades, Altadena and other communities around Los Angeles went up in flames early last year.
The land that once hosted the home that Bella and Gigi Hadid grew up in has been sold for a record-breaking price after the mansion was destroyed in the LA fires of January 2025; Gigi and Bella Hadid pictured in 2022 in NYC
The 3.25-acre property — once known as the Carbon Canyon Estate — closed its sale on Wednesday for an eye-popping $6.5 million, TMZ reported. Bella previously documented her old home's destruction (pictured)
The mansion that once stood at the property was bought by Yolanda Hadid and her then-husband David Foster (pictured in 2012) for $4.5m in 2007. They later married in 2011, before splitting in 2015 and finalizing their divorce in 2017
The listing was held by Daniel Milstein and Aaron Kirman for Christie's International Real Estate. The Daily Mail has reached out to Milstein for comment on the sale.
While speaking to TMZ, Milstein said they were proud to hold the listing and to have set a new record as Malibu tries to recover from the fires that ravaged the seaside community.
He noted that the impressive sale happened amid a tough real estate market and suggested that buyers in LA and Malibu still see great value in the area despite the recent natural disaster.
The listing urged potential buyers to imagine the lavish property that could be erected on the fire-ravaged land via renderings from the Bowery Design Group.
Their fantasy version of a new home featured 14,000 square feet with six bedrooms and 10 bathrooms, along with amenities including a screening room, gym, spa, game room and abundant outdoor areas for sports.
Although those accommodations are only proposed, the new owners will still get tangible benefits from the seaside property, including access to the La Costa Beach Club, which comes with the deed.
They'll also be close to popular spots, including the Malibu Pier, Carbon Beach, the exclusive Soho House club, and the Japanese restaurant Nobu, which is a favorite of celebrities, including the Kardashian–Jenner clan.
Hadid and Foster were only dating when they reportedly purchased the estate back in 2007, though they went on to tie the knot in 2011.
The sale appears to mark the most expensive property sale in Malibu in the wake of the LA fires. The site of the former Hadid–Foster mansion was initially listed for a little less than $12m; Yolanda and Bella are pictured in 2017
In January 2025, Bella revealed how the home she spent part of her teens in was completely reduced to rubble
She and her sister Gigi, 30, made appearances on The Real Housewives Of Beverly Hills (pictured) in the home. Yolanda appeared on the series from 2012 to 2016
The mansion, which was described as a 'European-style villa,' was snatched up for $4.5 million.
A year after she wed Foster, Hadid began appearing on The Real Housewives Of Beverly Hills, and so her home became a regular shooting location for the iconic Bravo series.
She appeared on the reality show from seasons three through six, from 2012 to 2016, and during that time her daughters Bella and Gigi, 30, and son Anwar, 26 — all three of whom she shares with her ex-husband Mohamed Hadid — lived there.
After the family had moved on, Kylie Jenner later rented the Malibu property for a time.
Prior to its destruction in the LA fires, its previous owner had put up the mansion for sale for $35 million in July 2024.
Both Bella and her mother later relocated to Fort Worth, Texas. Bella bought a property there to stay close to her cowboy boyfriend, Adan Banuelos, while Hadid constructed a home in the area with her then-fiancé, Joseph Jingoli, though the couple ended their engagement and split in June of last year.
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