Balzary had purchased another home in Malibu last year, but the one destroyed was for sale for $4.8 million, the Los Angeles Times reported.Hundreds of firefighters and equipment from throughout the state had been positioned in Southern California for most of the week because of the predicted Santa Ana winds.
All of the homes were destroyed in the fire's initial Saturday morning surge before the winds slowed and firefighters gained a foothold. Full containment was expected by Tuesday, officials said.
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