Edwin Castro loses $3.8 million beachfront property to Palisades fire
In a striking twist of fate, recent Powerball mega-winner Edwin Castro has seen his $3.8 million Malibu beachfront home reduced to ashes in the devastating Palisades fire that continues to ravage Southern California. The images obtained by The US Sun show the burned-out remnants of the opulent retreat.
Castro, 31, who made headlines when he won a historic $2.04 billion Powerball jackpot, had purchased the 1,541-square-foot luxury property in 2023. The two-bedroom, three-bathroom beachfront getaway was among several high-end properties acquired following his lottery windfall.
Castro’s real estate portfolio
Despite this loss, the billionaire maintains an impressive collection of properties, including:
- A $25.5 million mansion near West Hollywood’s Chateau Marmont
- A $47 million estate in Bel Air
- A $4 million Japanese-style residence in Altadena
The destruction of Castro’s home is part of a larger catastrophe affecting Los Angeles:
- Nearly 20,000 acres burned
- Over 5,000 properties destroyed
- 10,000 structures lost in the Palisades fire alone
- 130,000 residents forced to evacuate
Hollywood stars affected
The fires have impacted numerous celebrity properties, with homes belonging to several A-list residents reportedly destroyed, including:
- Paris Hilton
- Mandy Moore
- Billy Crystal
- Cary Elwes
- Cameron Mathison
- Spencer Pratt and Heidi Montag
- Melissa Rivers
- James Woods
The Eaton fire alone has consumed approximately 14,000 acres, as firefighters continue their battle against multiple blazes across the region. The Palisades fire, first reported on Tuesday, has proven particularly destructive, claiming numerous structures in its path.
