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Luxury Market Embraces Multigenerational Homes

Overseas buyers are driving the latest luxury homebuilding trend: multigenerational living.

Many newly built custom homes are designed to accommodate two or three generations of the same family, according to irvinehomesale.com, an independent website that focuses on trends in the Orange County luxury housing market.

In Irvine’s Shady Canyon, for example, architects are designing 6,000-square-foot to 20,000-square-foot homes that provide private and self-contained areas connecting with larger, communal spaces.

The trend is being driven by foreign buyers who often bring along their parents to live with them, and retiring baby boomers, some of whom are choosing to have their parents live with them.

Greg Irwin, partner at Costa Mesa-based Irwin Partners Architects, said it’s important to be intentional about designing a home for multiple generations. That

could mean dual master bedroom suites

or “in-law” apartments with their own separate functionalities, such as a private kitchen.

The National Association of Home Builders also identifies multigenerational living as a top trend.

Inland Incredible

The 7,300-square-foot estate at 1602 La Loma Drive in North Tustin offers 180-degree views of inland Orange County, including city lights, Disneyland fireworks, and the ocean at the horizon.

The five-bedroom, 4 ½-bath residence sold on June 30, fetching $2.8 million, close to its May list price of $2.9 million.

It’s situated on a private 0.72-acre lot that includes covered outdoor entertainment areas, mature trees, and paths that wind through flower gardens.

One of the home’s unique features is its 24-section walk-in closet in the master retreat. The home also has a 1,000-bottle wine cellar. Its kitchen is professionally outfitted with Fisher and Paykel, Dacor, and Miele appliances, a Sub-Zero refrigerator, five ovens, two dishwashers, two trash compactors, two walk-in pantries, and a six-burner, restaurant-quality stove.

Elisa Stowell of Surterre Properties represented the seller. The buyer’s agent is based outside of the United States.

Beach Bungalow Beauty

The home at 1572 E. Oceanfront on the Newport Peninsula is the quintessential California beach cottage. It sits right on the sand on a 3,200-square-foot lot and has a view that stretches from the Newport Pier to the jetty.

It changed hands on July 28 for $5.3 million, under its November list price of $5.6 million.

There is no boardwalk in front, which lends a sense of privacy to the three-bedroom, 2 ½-bath, 3,200-square-foot home.

Inside, there are white beam ceilings, white bead board-clad walls, and floors finished in wood, terra cotta, and sisal throughout. Picture windows capture the ocean views. On the second level, some of the features include barbecue and entertaining areas.

Kimberly Bibb of Villa Real Estate represented the seller, and Jeff Ewing of Coldwell Banker Previews International worked on behalf of the buyer.

Magical Views

Laguna Beach architect John O’Neill designed the French/European-inspired four-bedroom, four-bath home at 508 Mystic Way in Laguna Beach.

The home, located above downtown Laguna Beach, provides views that include white water, the coastline, Dana Point and Catalina Island.

It sold on July 22 for $4.95 million, close to its June asking price of $5 million.

The 3,637-square-foot home is nestled on a ⅓-acre lot. Inside, it’s finished with Albertini doors and windows, beamed ceilings, marble countertops, 150-year-old French terra-cotta flooring, and wrought iron touches throughout. The kitchen appliances are all Sub-Zero.

Ann Metzger of Surterre Properties Inc. represented the seller, and Julie Hile of Coldwell Banker represented the buyer.

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