Malibu Castle, destroyed in today's fire, was in escrow with an asking price of $17 million

[Amerigo Vespucci]

Video clip @ the URL below.

Malibu Castle Was About to Be Sold!



Posted Oct 21st 2007 2:40PM by TMZ Staff
Filed under: Breaking News

Malibu Castle, which perished in today's fire, was actually in Escrow and set to have the final walk-through on Wednesday.

The deal was expected to close this Friday, and while the final selling price can't be confirmed, it had an asking price of $17 million.

The home is owned by socialite Lilly Lawrence, who was not home at the time of the blaze.

http://www.tmz.com/2007/10/21/hodge-castle-was-about-to-be-sold/

[Cleita]

1. The ground all those multi-million dollar homes in Malibu sit on isn't

good land. It's prone to mudslides in "el nino" weather, earthquakes when they happen, and fires in drought weather. Basically, all you are buying is the ocean view and sunsets and truthfully I have seen better ones up in the Northwest for a fraction of the cost. I'm sure though that they still could get a lot for the land because of the view and sunsets factor.

[shadowknows69]

2. They got themselves a fixer upper for 17 mil

foundation should still be intact

[Kingshakabobo]

3. I sure hope Lilly kept up the insurance payments.