oceanfront

Ventress said he’s fielding interest from a Canadian development group and a Miami hedge fund for his oceanfront listing.

In 2023, he paid $22 million for Cabin on the Rocks, the only oceanfront home ever designed by architect Frank Lloyd Wright.

Caltrans also set aside money to negotiate and acquire land from three private properties, including oceanfront portions of a historic ranch that will be most impacted by the realigned highway.

In a major post-fire milestone Friday, Pacific Coast Highway reopened to traffic for the first time since the Palisades fire incinerated homes and businesses along the oceanfront in January.

“They took oceanfront property and they gave it to people for peace. How did that work out?” he said.