David Steiner’s $9 million Malibu villa was the only property left intact after the Palisades fire ravaged his neighborhood, destroying over 20,000 acres and 5,000 homes in Los Angeles. Steiner credits the home’s earthquake-resistant design, fireproof roof, and deep foundations for its survival,
While relieved, Steiner noted his villa wasn’t his family’s primary residence and expressed sympathy for those who lost their homes. “Others lost memories. My heart goes out to them,” he said. Despite insurance, he expects only partial coverage for smoke damage.Authorities suspect arson in some fires, with a man arrested near Calabasas. Celebrities like Paris Hilton and Eugene Levy were among those affected.
