Malibu Wants Grant Cardone to Tear Down His Home

Real Estate Report Real Estate Report

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In This Episode:

Grant Cardone says FEMA is forcing him to demolish his $80 million Malibu mansion because of a flood regulation. In this video, we break down what’s really happening. After the Palisades Fire caused smoke damage to his home, Cardone claims FEMA told him he can’t repair it unless he rebuilds the entire structure to meet modern flood standards. We’ll look at the federal “Substantial Damage Rule,” how the 50% threshold works, why FEMA flood maps even apply to a home that’s never flooded, and what this means for other Malibu homeowners facing the same problem.

-Scott

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