Posted on 08/08/2025 5:00:25 PM PDT by BenLurkin
In the charred aftermath of Malibu’s January wildfires, one buyer has been moving in silence.
While much of La Costa Beach remains a barren stretch of sand, a foreign investor has quietly acquired nine oceanfront lots — spending more than $65 million to secure some of the most coveted parcels along the Pacific Coast Highway, according to Realtor.com.
Working through luxury agents Weston Littlefield and Alex Howe of the Weston James Group, the buyer is targeting properties with at least 40 feet of frontage, betting that once the coastline is rebuilt, demand from wealthy buyers will return in force.
...
Rebuilding is a long and costly process. The city estimates permit approvals can take 12 to 24 months, and coastal construction carries steeper requirements than inland projects.
Fees start at $11,579 for planning alone, before additional costs for site reviews or variances. Homes must generally match the original footprint, though up to 10% more square footage is allowed.
Developers must also meet FEMA floodplain standards, replace noncompliant seawalls and install Advanced Onsite Wastewater Treatment Systems instead of septic tanks.
Timber piles are banned, and narrow La Costa Beach parcels are subject to strict view protections. The city has set up a Malibu Rebuild Center to help owners navigate the process, both online and in person.
(Excerpt) Read more at nypost.com ...
LA County = dysfuncational shtthole
they are on fire again- I think it’s LA- just saw a quick clip on news-
The Great Reset working just as planned.
Somebody’s got money to spend, Five or ten years from now some really nice places will be coming on the market.
It will certainly ‘come back’ perhaps even with ‘federal money.’
those wild and wacky chinese gobbling up more of our land while Americans are priced out of living a modest life of affording a home to raise a family
Chy-na.
This was expected.
> Somebody’s got money to spend… <
And politicians to bribe.
Oops! I phrased that wrong. I meant to say: And political campaigns to contribute to.
Sorry for any confusion.
They’ll love Newsom’s Palasades Housing Project nearby.
Apparently, some of the burnt out folks, may bring their insurance checks up north and buy newer homes.
It’s the Yellow Peril, of course..
I’m sure with that kind of money, they’re prepared to take on the California Coastal Commission. It will depend on whose back pocket they’re in now.
THE ONES THAT MUST BE OCCUPIED BY 40% HOMELESS/BEEN INCARCERATED FOR AT LEAST 15 DAYS IN LAST 2 YEARS/MENTALS???
THOSE BUILDINGS????
SEEMS TO ME THAT HOMELESS/MENTAL/IN JAIL/MENTALS DO NOT HAVE ENOUGH CREDIT HISTORY TO EVEN GET UTILITIES CONNECTED.
probably chinese.
Israelis have said that California, Oregon, and WA state will be controlled by China.
I hope not. The last three cities I lived in have been over run with Bay Area Californicators.
NewSCUM and Bass ordered the Palisades to burn in order to turn it into a low income housing crapfest for “equity” I will always believe that its been SEVEN months still no cause of the Palisades fire was ever revealed, it usually takes a matter of hours to a few days, but NO ONE even bothers asking “Hey what caused the Palisades fire” that will be NewSCUM and Bass’s downfall, once its found out they had the fire started
I grew up in southern Ca.
If I had that kind of money I would NOT
want neighbors 10 feet away from me.
I live on acreage in Hawaii and my closest neighbor
is 300 feet away from me.
My ocean access is in view, but no beach.
Price I had to pay for keeping
the low income Democrats away.
It is worth it!!!!!!!!!!!!!!!!!!!!!
Setting up to block the peasants from the beach again?
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