2016 has been a strong year for luxury home sales in Orange County. According to online real estate aggregator Redfin, 156 homes above $5 million sold in the first 10 months of the year, and the priciest in the area fetched nearly 10 times that.
Outstanding on-market home sales in some of the prestigious coastal communities include:
• The landmark Twin Points property at 1101 Marine Drive in Laguna Beach, which encompasses two massive landforms projecting into the ocean and sheltering a private cove, sold in February for $45 million. The transaction was represented on the seller and buyer’s sides by Robert Giem of HÔM Sotheby’s International Realty.
• The sale of the home at 86 Linda Isle, reviewed below, brought the highest sale price in Newport Beach since 2009 and was the most expensive on-market sale ever on Linda Isle. The sale closed last month for $20 million. Tim Smith and Brian Sperry of Coldwell Banker Residential Brokerage represented both sides of the transaction.
• The most expensive sale in Dana Point came at 47 Strand Beach Drive, a Cape Cod-inspired ocean-view mansion steps from the beach. It sold in January for $19 million, represented by John Stanaland of HÔM Sotheby’s International Realty on the seller’s side and by Suzi Dailey of the same firm on the buyer’s.
• Shady Canyon boasted the top sale in Irvine at $10 million in January. The 28 Boulder View home designed by architect Brion Jeanette was represented by seller’s agent Rachel Swardstrom of Coldwell Banker Residential Brokerage and buyer’s agent Lisa Zhou of Coldwell Banker Platinum Properties.
• In San Clemente, the biggest sale was the Tuscan villa at 4075 Calle Isabella, reviewed below, which moved on Oct. 12 for $7.6 million. David Silver-Westrick of Keller Williams OCC Realty represented the seller, and Tom Franco of Franco Realty Group Inc. represented the buyer.
• Corona del Mar boasted an $11.6 million sale in February. The European-inspired modern farmhouse at 4601 Perham Road was designed, built and furnished by Spinnaker Development and represented by agents Ron Millar of Arbor Real Estate Professionals and Runjing Chen of Coldwell Banker Residential Brokerage on the seller and buyer’s sides, respectively.
Astonishing Elegance
The waterfront masterpiece at 86 Linda Isle sold on Oct. 19 for $20 million. It was originally listed in April for $25 million. Sales agent Tim Smith of Coldwell Banker Residential Brokerage says it was the second highest sale price in Orange County this year.
The Linda Isle mansion sits on an 8,276-square-foot lot and offers 113 feet of water frontage with views toward the turning basin. It was completely taken down to the studs, redesigned by Newport Beach architect Carlton Graham and rebuilt by Gallo Builders Inc. of Laguna Beach. The construction started in late 2014 and was completed early this year.
The four-bedroom, five-bath home spans 6,788 square feet and is designed for unobstructed water views from every room. It also has large, open living spaces at the center of each floor for communal gatherings.
Outdoor living areas include a private front courtyard complete with a spa and swimming pool with a bridge walkway, a terrace spanning the width of the property and overlooking the harbor, and a gangway and boat dock that can accommodate an approximately 60-foot vessel.
Exceptional Estate
The Tuscan-inspired ocean-view mansion at 4075 Calle Isabella in San Clemente sold on Oct. 12 for $7.6 million, under its August list price of $8 million.
The 6,103-square-foot villa, nestled on a 0.72-acre lot behind three sets of gates, is in Cotton Point Estates, which is also home to what’s known as former President Richard Nixon’s Western White House. The location, just steps from the beach, offers complete privacy.
The five-bedroom, six-bath home is crafted from materials that include limestone, Venetian plaster, and gold leaf detailing and is designed to reflect the elegance of an estate in the hills of Italy.
It has high ceilings, arches and antique woodwork. The game room features a hand-carved Honduran cherry wood billiards table and an original poker table from a 1960s World Series of Poker tournament in Las Vegas.
