Move over Mark Cuban.
A listing at 17 Montage Way is asking $23.9 million. If sold near that price, it would beat last year’s highest sale inside the ultra-luxe Montage Residences, when Dallas Mavericks owner paid a reported $19 million for a neighboring home in December.
The property could also be the highest recorded sale in the 13-home community, which currently stands at $22.5 million from a 2009 sale.
The highest reported price for the 13-home community near the Montage Resort & Spa in Laguna Beach, currently stands at $19 million, which is what the Dallas Mavericks owner paid for a neighboring home last December.
Located on a corner parcel, the just-listed 7,967-square-foot home has four bedrooms and five bathrooms.
The kitchen has three sinks, premium appliances and a built-in espresso machine. Three of the bedrooms on the main level have patio access and the ocean-facing master suite has a private fireplace and spa-bath with “two distinctive sides”—one with a dressing area and adjacent office and the other with a walk-in closet, vanity and soaking tub, according to listing details.
An elevator to the lower level takes guests to another bedroom, as well as a wine cellar, media room and bar. Meanwhile, the exterior has a central courtyard with water feature.
Montage Residences owners have access to the hotel and its amenities such as in-room dining, fitness center and resort pool, concierge, housekeeping and room service.
Records show the land was purchased in 2007 for $8.6 million and is linked to Colorado real estate developer Bruce Deifik and wife, Nancy.
Deifik was the owner of Atlantic City, N.J’s Ocean Resort Casino, purchasing the casino then known as Revel for $200 million last year. Last month, New York-based hedge fund Luxor Capital Group was reported to be in the process of assuming ownership of the casino.
Tim Smith of Coldwell Banker Residential Brokerage has the listing.
Puerto Vallarta Dreams in Laguna Beach
A recently listed home at 176 Emerald Bay is asking $19.8 million and comes with a notable claim: It’s billed as the “only Emerald Bay oceanfront [home] available.”
The 7,461-square-foot cliffside property in Laguna Beach offers unobstructed ocean views and has five bedrooms and six bathrooms.
Listing details say the three-story home “feels like a Puerto Vallarta resort.”
There’s a formal living room with an elevated formal dining area and library on the main level. Upstairs, the master suite has its own private viewing deck. Downstairs features a gym, entertainment room, bar and terrace with spa. It also has a golf cart port and three garages.
The home last sold in 2014 for $15 million, according to property records.
Rod Daley of Coldwell Banker Residential Brokerage has the listing.
Local Icon
A 3,743-square-foot home tied to the family of L.A.-based design firm CW Stockwell, famous for its hand-printed wallpapers and fabrics like the iconic banana leaf “Martinique” pattern found on the walls of the Beverly Hills Hotel, is on the market with an asking price of $12.9 million.
The Laguna Beach home at 21 Lagunita Drive has three bedrooms and three bathrooms, including a detached guest quarters.
The midcentury modern home, steps from the sand, was recently restored and modernized, according to listing details.
The kitchen has an open-beamed ceiling featuring semi-translucent material, custom cabinetry, quartz countertops and a walk-in pantry. The master suite has two full baths, each with heated porcelain tile floors, heated towel racks and separate walk-in closets. Other amenities include a home office, elevator that’s also connected to the home’s two-car garage and 40 roof mounted solar panels.
The sellers purchased the home in 2014 for $7.8 million from a trust tied to Remy Chatain Jr.
The original home, designed by noted L.A. architect Henry Eggers, was built in 1951 as a beach house for the Chatain family. Chatain Jr., who died in 2013, inherited his family’s business CW Stockwell. The company was started in 1905 by his late grandfather Clifton Stockwell.
Michael Gosselin, Frank Hufnagel and Heidi Cleveland of Surterre Properties have the listing.
