A beachfront property in Orange County, California, sold on Tuesday for $23.55 million, setting a record for the highest-priced home sale in the area.
The deal for the five-bedroom, eight-bathroom residence was the most expensive sale in the Strand Beach community of Dana Point, according to public records. A house on the same street sold for $22.5 million in 2018.
The property had been on and off the market for years when Fredrik Eklund, Ariana Gaffoglio and Seth Nelson of Eklund Gomes Orange County took over the listing. Led by Mr. Eklund, of Bravo’s “Million Dollar Listing,” the team launched its Orange County office in August.
“We saw the Orange County market quickly becoming one of the hottest markets for our buyers,” Mr. Eklund said in an email, adding that they’ve seen a wave of buyers coming to Orange County from the East Coast and San Francisco.
Designed by CJ Light Associates, an architecture firm based in Newport Beach, California, the home has a contemporary Balinese aesthetic, according to the listing. It boasts an open-floor plan, a two-story infinity pool, several terraces and sliding glass walls that look out on the Pacific Ocean.
There’s also a media room with a 98-inch TV screen, a spa with a massage room that doubles as a sauna and steam room, a gourmet kitchen with a blue onyx wall and a primary bedroom suite with a private terrace, and dual bathrooms and dressing rooms.
“Now that people can work from anywhere, we’re seeing people want to be in the O.C. full time and live where they can vacation,” Ms. Gaffoglio said in an email, adding that she expects home values to increase in Dana Point.
Eklund Gomes, an affiliate of Douglas Elliman, listed the property for $27.5 million in August and dropped the price to $25.9 million in November. It was first listed in 2017 for nearly $30 million, cycling through two other real estate agencies before the Elliman agents took over.
The home last traded for $22.25 million in 2013, according to public records. The owners were unavailable for comment.
Article Source: Mansion Global