A cliffside estate in Laguna Beach that was an eight-year remodeling labor of love for owner Mark Hammond and his late wife, Christina, is pocket-listed for $38.9 million.
The 6,130-square-foot home in the Three Arch Bay community offers a clear view of the ocean and has six bedrooms and seven bathrooms.
The modern-style home, designed by Horst Architects, has an open floor plan with large windows and several high-end finishes, including sculptural lights, oak floors, limestone and marble walls and countertops.
There’s also a more than 100-pound tree-root sculpture in the foyer; a poker-wine room overlooking a home theater; and a vehicle turntable inside the garage.
The outside features an elevated front garden with a giant agave and stairs leading down to a private saltwater tide pool and private beach.
The pool at the private cove “has inadvertently collected a shark, a stingray, an octopus and other sea creatures,” according to a story last year in the Orange County Register that detailed the property’s recent renovation.
Hammond, chief executive of Irvine-based consumer data firm The Retail Equation, purchased the property in 2005 for $9.5 million, according to property records.
Shortly after, the couple embarked on an extensive renovation, from stripping the original 1932 house down to its studs, to builders pouring a new foundation and inserting 20 caissons into the hillside.
Hammond described the home in previous news reports as “so serene and calming, it makes you relax.”
Andrew McDonald, Linda Chan and Sana Amarith of The Agency have the listing.
Custom Build
There’s a chance to get in on the ground floor of a new mansion in Newport Coast’s guard-gated community of Crystal Cove.
An estimated 14,000-square-foot estate at 46 Deep Sea is on the market with an asking price of $38 million.
The home is scheduled to be complete next August and is being offered at midconstruction, allowing for the new owner to specify interior finishes and fixtures, according to listing details.
It will be a “smart” home that is energy-independent and self-sustaining, according to the listing.
The property will have six bedrooms, including a basement guest suite, 10 bathrooms, a 3,500-square-foot garage with four Tesla charging stations, and a 78-foot triangular infinity pool.
“The house embodies the finest stylistic essence of a five-star resort inside and out,” according to listing details.
Records show the lot where the home will go up sold in 2013 for $4.7 million.
Sean Stanfield and Garrett Weston of Pacific Sotheby’s International Realty have the listing.
Bid Adieu
Karan Khanna, president of Newport Beach-based investment banking firm MergerTech Advisors, divested from one asset last month—his home in Crystal Cove.
The technology entrepreneur and wife, Priyanka, sold their 6,832-square-foot home at 35 Tide Watch for $8.6 million, according to property records.
The estate, on the northern edge of the community, has five bedrooms and six bathrooms, nearly every room opening to a patio, terrace or balcony.
The two-story home has an office, formal dining and living areas, and a family room that opens to a sunroom embellished with gold and white patterned tile and copper-framed doors and windows.
The backyard features an outdoor lounge area for entertaining, a fireplace and barbecue grill, and an infinity pool with its own tree island that also overlooks the home’s putting green.
Records show the couple purchased the home in 2008 for $7 million.
Khanna launched his firm in 2009 with his brother and MergerTech Chief Executive, Nitin. The pair founded Portland-based software company Saber Corp. in 1998, and sold it in 2007 for $460 million to then-Electronic Data Systems, a Plano, Texas company founded by H. Ross Perot.
Tim Smith of Coldwell Banker Residential Brokerage held the listing. The buyer was represented by Paul Daftarian of Luxe Real Estate.
