The Brief
LOS ANGELES COUNTY, Calif. - Real estate mogul Grant Cardone is speaking out against a FEMA regulation that may force him to demolish his Malibu beachside home. His home survived the devastating Palisades Fire but sustained heavy smoke damage. The rule, tied to flood elevation standards, could impact other homeowners along the coastline, raising concerns about affordability and community displacement.
Cardone’s home, located along Pacific Coast Highway, escaped the flames but now faces a new threat. According to a letter from an architect to Cardone’s team, FEMA regulations require that homes with repairs exceeding 50% of their value must comply with updated flood standards. For Cardone, this means elevating his entire property by about a foot, necessitating a complete teardo