It’s rare to spot a truly wow-worthy location. But we’ve found a jaw dropper for sale in Laguna Beach, CA. This magnificent estate clings to a cliff on Crown Point and overlooks the crashing surf of the Pacific Ocean.
For the first time since 1968, the three-level home known as Casa Punta de la Corona is on the market, for $10.5 million.
“It’s one of the most beautiful views you’ll ever see. It’s a promontory with 180-degree views of the ocean and a staircase that leads down the cliff to a private beach with no other access,” says Douglas Elliman’s Matt Altman, who’s co-listing the property with his brother, Josh Altman, and Geoff Failla with the McMonigle Group.
Now a new owner will be able to enjoy the views out to Catalina Island plus the pristine and private beach below.
“It’s priced to sell,” says Altman.
Aside from the spectacular perch, this place may not look like a multimillion-dollar home at first blush.
The three-bedroom, four-bath home doesn’t attract undue attention out front, and the interior hasn’t been updated much since it was built in the late ’60s by architect Charles Whitaker.
Some of the original furniture and woodwork include the elaborately carved dining table and chairs and the 12-foot-high carriage doors, which were handcarved in Mexico.
And while some might appreciate the unique period details, Failla suspects the 3,121-square-foot home might be a bit snug for today’s deep-pocketed buyers.
“The new owner will probably want to rebuild and add to the square footage and make it even more of a trophy property than it already is,” he says.
Failla notes it’s directly across the water from Seal Rock, which is one of the best snorkeling areas in the country. The orientation of the home offers not only the spectacular ocean views, but also the city lights of Laguna down the coast.
He also told us Crown Point and this home have been painted by many an artist over the decades. A new buyer will likely be able to spot paintings of the remarkable cliffside residence in restaurants and offices throughout town.
It’ll be interesting to see who wears the crown next and what shape the notable home will take.
“It’s a true landmark,” says Failla. “It’s the best development opportunity you’ll find here.”
The post A Wow-Worthy Location! $10.5M Laguna Beach Home Clings to Cliff appeared first on Real Estate News & Insights | realtor.com®.DISCLAIMER: Many of the pages and articles on this website contain information and excerpts provided by third-parties from around the web; as such, the operators of this website assume no liability or responsibility for any of the contents contained herein, or the contents of websites that we may link to. Furthermore, all copyrights belong to their original creator(s). Use of any portion of this website constitutes full acceptance of this disclaimer.