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A sublime oceanfront estate in Laguna Beach, CA, is this week’s most expensive new listing on realtor.com®. The $37.5 million property boasts 190 feet of ocean frontage, a private cove, and beach access. The home, called “Rockledge by the Sea,” was last sold two years ago for $17.5 million, making it the priciest home sale in Orange County in November 2015.
After a two-year transformation, the newly expanded and reconstructed luxury property is back on the market at twice the price. If the sellers get anywhere near their asking price, the flip will be well worth it.
The 1-acre property is one of the largest oceanfront parcels in Laguna Beach, according to the Orange County Register.
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The ultramodern home measures 10,000 square feet and comes with four beds, five baths, and three half-baths.
The 3,000-square-foot master suite, which takes up an entire floor, comes with a private office, gym, spa, and terraces.
The main level features an open living room, dining space, and sleek kitchen with a waterfall island. The family room has retractable doors that open to a terrace just above the cove.
Outdoor space includes a rolling seaside lawn and gardens, a pool and spa, and multiple terraces. The lowest level features three guest suites.
In the latest renovation, an eight-person elevator, double-gated entry drive, and wine room were added. Robert Giem is the listing agent.
According to our data, the median home list price in this tony resort town is a steep $2.7 million, and this OC stunner isn’t the first one to top our priciest listings. Earlier this year, an opulent home on Irvine Cove Beach was listed for $51 million—and it’s still on the market at that price.
The post Oceanfront Estate in Laguna Beach Is This Week’s Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®.
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