LOS ANGELES TIMES
Robert Herjavec has found his latest investment in Newport Beach. The businessman and “Shark Tank” star has purchased a waterfront home through a trust for $7.95 million, real estate records show.
While the ultra-luxury segment of the American housing market is a tiny slice of the overall picture, it does offer some interesting insight into the financial health of some of the country’s real estate market.
The Real Deal
The recent $40 million sale of 1 Pelican Hill Road North, in Newport Coast, had a somewhat polarizing effect on the outlook for residential real estate in the prestigious enclave. On the one hand, there’s reason for seller confidence to be boosted. This was, after all, the second-priciest sale of a single-family home ever in Orange County.
The Real Deal
Residential home prices continue their upward trajectory in Orange County, where a lack of inventory and comparatively low unemployment rates (3.3 percent in the county versus 4.8 percent statewide, according to an April Bureau of Labor Statistics report) are keeping the market sizzling — particularly in high-demand coastal areas like Corona del Mar and Newport Beach.
THE ORANGE COUNTY REGISTER
A six-bedroom, ocean-view home in Laguna Beach for sale at just under $14 million is touted as the work of an elite architectural designer who created a 40,000-square-foot palace in Qatar.The 10,107-square-foot, neoclassical home, said to be the second largest residence in guard-gated Irvine Cove, was built in 1994. This is the first time it’s on the market.
COTTAGES & GARDENS
Unobstructed canyon front residence in the prestigious Pacific Ridge, Newport Coast community. Nestled at the end of a cul-de-sac, this magnificent entertainer’s estate totals 13,171 SF hosting a variety of outdoor amenities including an infinity pool, cabana, and custom basketball court. Indoor and outdoor spaces blend through French doors at almost every main floor living area and usher in an abundance of sunlight. Embracing the expansive canyon, the potential in this property is limitless
The Mercry news
He and wife Kaci bought the home in August 2007 for $3.458 million, property records show.
The house was built in 2006 in Newport Coast’s Pelican Ridge community. Formal living and dining rooms, a family room, chef’s kitchen with a walk-in pantry and game room are contained within the 4,798 square feet.
the orange county register
A home being offered off-market in Laguna Beach for $38.9 million is set above an ocean pool that was built in 1932.
The rare pool, said to be one of a half dozen along the Laguna coast, is part of the Pacific Ocean but separated by breakwaters. The blufftop home, with private stairs leading down to the cove and natural pool below, also has a modern swimming pool as well as a grandfathered, ocean-view guest house.
Posh auto galleries are amping up the luxury factor in car-obsessed Southern California’s luxury and ultra-luxury homes. They are the latest in must-have home amenities to both showcase your cars and entertain friends. Celebrity car collectors Jay Leno and Jerry Seinfeld will appreciate these gems.
A house in Laguna Beach with views of the California coastline is on the market for $38.9 million.The 6,130-square-foot main house has five en-suite bedrooms and seven bathrooms spread over two stories. The property also has a guest house, according to the listing. It was listed on Tuesday.
Let’s face it: One of the undeniable perks of buying a property in Laguna Beach is enjoying 24/7 ocean views—and this house has those coveted vistas in spades. Built in 2014, the 6,130-square-foot house holds five en suite bedrooms and seven baths. It’s been listed for $38.9 million.
Modern Luxury / Riviera Mag
Three years ago, Mauricio Umansky and Billy Rose, founders of The Agency (of Real Housewives of Beverly Hills fame), handpicked real estate connoisseur Andrew McDonald to spearhead the company’s O.C. expansion. Yet, that’s not his only brush with stardom; he was instrumental in producing Bravo’s What’s for Sale? With a View and has appeared on episodes of Million Dollar House Hunters, Million Dollar Listing Los Angeles, Holiday Dream Homes, Behind The Gates, Find Me a Luxury Home and more.
Three years ago, Mauricio Umansky and Billy Rose, founders of The Agency (of Real Housewives of Beverly Hills fame), handpicked real estate connoisseur Andrew McDonald to spearhead the company’s O.C. expansion.