Jeff Bridges' Malibu Property Marketed After Wildfire Destruction
A property in Malibu, California, previously owned by the family of actor Jeff Bridges, has been listed for sale following its destruction in the 2025 California wildfires. The land parcel, located on La Costa Beach, is currently priced at $4.37 million.
Property Background and Sale History
The Malibu residence was inherited by Jeff Bridges, his brother Beau Bridges, and their sister from their parents, Lloyd and Dorothy Bridges. A spokesperson for Bridges confirmed that the four-bedroom, four-bathroom home, which had been in the family for generations, was lost in the 2025 fires.
Prior to the wildfires, the property had been listed for rent multiple times and was briefly put on the market for sale in July 2024 at $9.2 million. On January 7, 2025, the day the fires began, the listing price was reduced to $8.85 million. Following the home's destruction, the listing was withdrawn and later re-entered the market as a bare land parcel at $4.95 million. This price has since been lowered to $4.37 million.
Current Property Description
The current listing describes the property as an "exceptional burn lot" offering an opportunity to build on La Costa Beach. It highlights the expansive, all-sand beach and a favorable low mean tide line. The lot spans nearly 5,000 square feet, with the former structure providing a "solid footprint for future development."
Previous descriptions from rental listings indicated that the home had undergone "tastefully remodeled" interiors, featuring a main living area with a fireplace and glass walls opening to an ocean-view deck. The primary suite also included a private deck with ocean views.
Broader Impact of California Wildfires on Property Values
Jeff Bridges is among multiple individuals who experienced property loss during the 2025 California wildfires. The incidents have also affected property values across various communities.
An analysis by Realtor.com® researchers assessed the financial impact on housing in Pacific Palisades and Altadena:
- Destroyed Homes: The total value of destroyed homes in Pacific Palisades declined from $14.7 billion to $10.8 billion, and in Altadena, from $7 billion to $4.7 billion, between late 2024 and the second half of 2025.
- Damaged Homes: Properties damaged but not completely destroyed saw total value declines from $2.2 billion to $1.9 billion in Pacific Palisades and from $825 million to $658 million in Altadena.
- Unaffected Properties in Burn Zones: Even homes not physically affected but located in the hardest-hit burn zones experienced value reductions, with aggregate values decreasing from $10.4 billion to $9.4 billion in Pacific Palisades and from $3.8 billion to $3.2 billion in Altadena.
Overall, the fires are estimated to have reduced home values by $8.3 billion across these two communities, excluding other affected areas like Malibu and Topanga.
For homes purchased between 2020 and 2024 that were subsequently destroyed and sold as vacant lots in 2025, sale prices were approximately 50% lower than their pre-fire purchase prices (Pacific Palisades: -51.6%; Altadena: -51.3%). This reflects the loss of structures and the associated rebuilding costs and uncertainties.
Hannah Jones, a senior economic research analyst at Realtor.com, stated that the data indicates