Orange County Business Journal

Ocean-View Lots Join Trend of Hot Sales at High End

Buyers Want ‘Green,’ Other Custom Features Kim Haman Sunday, September 1, 2013
1 Current: property features views of ocean, Catalina Island

1 Current: property features views of ocean, Catalina Island

LB Home for $12.5M

The 8,563-square-foot Santa Barbara-

style home at 2523 Altamar in Laguna Beach sold on Aug. 13 for $12.5 million, down from its November asking price of $15 million.

The five-bedroom, seven-bath home sits on more than a quarter of an acre on the ocean side of Pacific Coast Highway.

The Irvine Cove home was built in 2012 by Newport Beach-based JWJ Homes.

Tim De Cinces of HÔM Sotheby’s International Realty represented the seller, and John Stanaland of HÔM worked with the buyer.

2 Homes in 1

The property at 2612 Ocean Blvd., on a beachfront street in Corona del Mar, is two homes in one—a top-over-bottom duplex.

The property sold on Aug. 16 for $4.3 million, down from its initial asking price of $4.8 million in May.

The 3,350-square-foot property sits on a 4,039-square-foot lot that’s 36 feet wide, larger than most on the street.

The block has no homes across the street, so the views of the ocean, China Cove, Newport Harbor, the Wedge and jetty are unobstructed.

Each unit features three bedrooms and two baths.

Elisa Stowell of Surterre Properties represented the seller, while Brad Alewine of Coldwell Banker Previews International represented the buyer.

Page 2 of 2

Next