The property involved in this transaction is a land asset located at 3903 Carbon Canyon Road in Malibu, CA, encompassing 3.25 acres. It was sold for $6,500,000 after previously being listed for $35,000,000 before the historic California fires in 2024. The land offers direct ocean views.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $6,500,000
• Address: 3903 Carbon Canyon Road
• Market: Malibu, CA
• Acres: 3.25
• Notable Previous Tenants: Bella Hadid, Gigi Hadid, and Kylie Jenner
• Seller: David Foster

This transaction highlights the notable association of the property with celebrities, as it was formerly the childhood home of Bella and Gigi Hadid and later rented to Kylie Jenner. The sale signifies the property's evolution, ultimately being sold for land after a significant price reduction.