Orange County Business Journal

Positive Perception Beats Summer Lull on Luxe Sales

Time on Market Sees Big Dip From Year Earlier Kim Haman Saturday, July 20, 2013
135 Irvine Cove: views abound

135 Irvine Cove: views abound

Shore Cliffs Home Sold

Homebuilder Tony Valentine left his mark on this five-bedroom, 6 ½-bath Shore Cliffs home at 174 Shorecliff Road in Corona del Mar.

The home includes a chef’s kitchen, inlaid wood floors, a walnut-paneled library, areas for entertaining and other features.

It was listed in September for $6 million and briefly touched $6.5 million in March before being sold on July 3 for $5.5 million.

The home is 7,000 square feet and has a seven-car garage.

Tim Smith of Coldwell Banker Previews International listed and sold the property.

Surf’s Up!

The home at 5405 Seashore Drive, directly on one of Newport’s best-known surfing beaches, features 3,098 square feet of living space with an additional 962 square feet of deck space, five bedrooms, 4 ½ bathrooms, utility room and a finished basement. It sold on July 2 for $4.7 million, $500,000 under its February asking price.

The modern-style home has floor-to-ceiling windows that provide sand and water views that stretch to the horizon. Bifold glass doors lead to a wooden deck with direct access to the sand.

Chris Brigandi of Arbor Real Estate Professionals Inc. represented the seller. Susan Piazza of First Team Real Estate represented the buyer.

4 Gladstone Lane

The 8,200-square-foot, six-bedroom, 7 ½-bath home at 4 Gladstone Lane in Laguna Niguel sold on June 6 for $4.6 million, matching its March asking price.

The recently built estate is at the end of a gated driveway and on a 31,559-square-foot parcel with ocean, Catalina Island and city-light views.

There’s extensive use of stone and walnut flooring throughout the home; it’s designed for complete living, with a dance studio that can serve as a seventh bedroom and a home theater featuring a 110-inch screen, state-of-the-art equipment and stadium seating.

Giulietta Fox-Wilson of Prudential California Realty provided the listing. Ron Vasquez of First Team Real Estate represented the buyer.

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