As reported in the Register's South Coast Homes blog, a luxurious beachfront property along Emerald Bay's "street of gold" closed escrow two days ago for what could be the third-highest sale price in Orange County history.
It also could be just the ninth home in the county to fetch more than $20 million.
According to the Multiple Listing Service, 106 Emerald Bay sold for the asking price of $32,995,000, according to Register blogger Kelli Hart. Be aware, however, that prices specified in the MLS aren't always accurate.
Still, homes along that strip of beachfront land are among the most valuable residences in Orange County. The property at 106 Emerald Bay is just three doors away from Crested Wave, which is O.C.'s second-place property with a sale price of $34.5 million.
So (drum roll, please), here's a countdown of the top 10 sales prices ever paid in O.C., based on county records:
No.1) Bayshore Drive, Newport Bay: $35 million paid by Jerry Herbst, owner of Las Vegas-based Terrible Herbst, to actor Nicolas Cage in January 2008.
No.2) Crested Wave, in Laguna Beach's Emerald Bay: $34.5 million paid by Louis Welch who is president of Irvine-based LA Fitness International LLC in February 2008.
No.3) 106 Emerald Bay, Laguna Beach: Reportedly for just under $33 million. We're still checking on that price.
No.4) Riviera Drive, Laguna Beach's Irvine Cove: $30.1 million, July 2007.
No.5) Riviera Drive, Irvine Cove: $29 million, March 2005.
No.6) Hale O Pau Hana, Corona del Mar: $27.1 million, April 2008.
No.7) Sugarloaf Point, Laguna Beach: $25 million, sold in the spring of 2007 by Supermarket magnate Ron Burkle, who built the home on a site once owned by the late singer Ricky Nelson.
No.8) Riviera Drive, Irvine Cove: $23 million, May 2006.
No.9) Cotton Point, San Clemente: $21 million, November 2006, located on the grounds of President Nixon's former Western White House.
No.10) Master's Circle, Newport Coast's Pelican Hill: $19.5 million, paid in November 2006 by Henry T. Nicholas III, the billionaire co-founder of Irvine's Broadcom Corp. who currently is facing federal charges of securities fraud and drug trafficking.
Note that five of the top 10 homes are located on two beachfront strips in north Laguna: Riviera Drive and Emerald Bay.
Note also that four of those homes have sold in the past 1 1/2 years. What slump?
There may be other homes that have changed hands that we haven't heard about yet (drop us a line if you know of one). There also are many other homes that are for sale with higher asking prices or that are more valuable, but just haven't been on the market for awhile.
To learn more, visit our priciest homes map: HERE!
Related news ...
- Laguna home sells for $32.9 million as 3rd priciest O.C. sale
- O.C.'s newest beachfront listing: $36.9 million
- O.C.'s "street of gold"
- Flash map of "street of gold"
- New Emerald Bay home to be worth up to $50 million
- O.C. home reportedly goes for record $35 million
- $34.5 million Laguna home is O.C.'s second priciest sale
- Glass elevator highlights $34.5 million house
- Mansion will now cost you $77 million
- $75 million sale not on record
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