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$35 million OC home assessed at $3.2 million

A home currently asking $35 million in North Laguna Beach has a strange history, according to the Southern California MLS.

The home, located at 31887 Circle Drive, was listed March 17, 2006 with the following listing prices:

  • $33.9 million
  • $31.9 million
  • $33.5 million

After 575 days on the market, the listing was canceled on October 18, 2007.

The home was listed again January 21, 2008 for $2.9 million. Then the listing expired May 21, 2008.

Then, it was listed Feb. 17 at $35 million.

Offering only 3 bedrooms, 3 baths and a 5,640-square-foot lot, the position on the promontory and panoramic views are the driving force behind the price of the home.

The assessed property value of this oceanfront home is $3,289,744.

The only other home in Laguna Beach listed at $35 million is located at 22 Emerald Bay and includes two oceanfront lots with the intention to demo the existing structure.

A home in Laguna’s prestigious Irvine Cove Abalone Point community listed for $31.5 million (reduced from $40 million) is the next priciest listing in Laguna Beach. This home, however, spans 10,8000-square-feet, has 5 bedrooms and 8 baths and boasts 23,997-square-feet total for the lot.

http://lagunahomes.freedomblogging.com/2010/03/12/35-million-home-assessed-at-3-2-million/1877/

Posted via web from The Newport Beach Lifestyle

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