# Hong Kong millionaire’s fire-ravaged $30M Malibu property heads to auction with a $13M reserve

- URL: https://talkfuse.com/story/hong-kong-millionaires-fire-ravaged-30m-malibu-property-heads-to-auction-with-a-13m-reserve/
- Published: 2026-11-15T17:03:32+00:00
- Updated: 2026-11-15T17:20:57+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/15/real-estate/fire-ravaged-30m-malibu-property-heads-to-auction/
- Topics: World

## Key points

- Horiike’s fire-damaged Malibu land is going to auction.
- The reserve bid is $12.99 million.
- Buyers could rebuild a mansion of up to 14,500 square feet.

## Summary

Hong Kong multimillionaire Hiroshi Horiike is putting his 5.35-acre Malibu property up for auction, seven years after the mansion on it was destroyed in the 2018 Woolsey Fire. The land, which once had an asking price of $29.8 million, has a reserve of $12.99 million; the sale reflects Horiike’s decision to sell by the end of the year.

The property overlooks the Pacific and could support a rebuild of up to 14,500 square feet under grandfathered fire-rebuild protections. The auction includes approved plans for a seven-bedroom home with a pool, tennis and equestrian facilities, and a pedestrian tunnel to Zuma Beach. Horiike bought the former mansion for $12.25 million in 2007 and later sued over claims that its advertised size had been overstated; the house burned down in 2018.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.