Laguna Beach’s gated Emerald Bay community has seen its share of big-dollar deals the past two months.
An entity tied to Roger Bower, owner of Crown Point Vineyards in Santa Ynez, just sold his home in the neighborhood for $13.6 million, property records show.
Listing details show the 6,836-square-foot Santa Barbara-style estate had an initial asking price of $18.9 million in 2017 before several price cuts followed to a final asking price of $14.9 million.
The deal works out to a price of almost $2,200 per square foot.
Built in 2016 by architect Chris Light, the Emerald Bay home features unobstructed ocean views, five bedrooms, and six bathrooms.
There are two separate guest quarters with private entry, an office, and a great room and bar that opens to a private lanai. It also has an infinity pool and spa.
Of course there’s a 1,000-bottle wine tasting room; Bower purchased the Crown Point estate winery in 2012. Recent wines there are about $185 a bottle, making them some “among the most expensive bottles ever made in the county,” noted a 2016 report in the Santa Barbara Independent.
Records show the Laguna Beach property was purchased in 2011 for $6.7 million, and the existing home there subsequently demolished and rebuilt.
Bower made his money as the founder of Texas-based firm Chemguard, which develops and manufactures fire-fighting foam systems and chemicals.
Sean Stanfield of Pacific Sotheby’s International Realty held the listing. Sommer Killian of Pacific Sotheby’s represented the buyer.
Busy Street
Another big Emerald Bay sale was reported in May, when a bluff-top home there sold for nearly $24.3 million, the top home sale in Laguna Beach reported to date.
That house ran 5,674 square feet, with four bedrooms and six bathrooms, and sold for about $4,270 per square foot.
It was sold by Tony Marnell II, chairman and chief executive of Las Vegas-based Marnell Properties, according to property records.
