SUNSET BEACH, CA. -- ANOTHER CELEBRITY PAD SELLS ALONG THE O.C. COAST...
The recent home of divorced couple Oscar-winning actress Sandra Bullock and Reality TV star Jesse James has sold for $4,500,000,
A retired businessman with homes in Scotland and Spain has purchased the beach house as a vacation home, says their Realtor Joel Spencer.
"They looked at 4 properties and decided that it was the right home for them," said Spencer. "They like that it's private and quiet."
Realtor Chuck Buscemi represented Jesse James when he bought the 2-story home in 2003 for $3.5M.
The selling price represented a $2 million reduction from when the 3,626-square foot house was first quietly marketed in April, for $6,750,000. By the time it hit the MLS in July, the price was down to $4,995,000. In September... another drop to $4,750,000.
Perhaps it is not as bad as it sounds. The current time on the market for O.C. homes in the $4.0M+ range is now at 4 years. In other words, it would take about 4 years to sell all the $4.0M + homes that are currently listed for sale. So moving this one in 8 months was "pretty good"!
Only a few months ago, the market time for these hi-end homes was averaging 3 years. and there were more homes on the market, too. Many of these O.C. high-end homes have been pulled from the MLS by their owners to wait for a better time to sell.
Jesse also has a nearby condo for sale. The price on this property recently was cut after three previous reductions... now $979,000. It was $1,290,000 when it hit the market in June.
The Bullock /James beach house has 4 bedroom suites. The master shower has glass walls, for ocean views. There's a glass-enclosed swimming pool and there's a "state of the art" surveillance system.
.MORE PHOTOS:
|
|
OK, not much more to say here... the couple have divorced and the house is sold.
But, check back often for more O.C. news...
Another interesting sale went down recently for a home that made it to the Oprah show. More on that later.
Charles Roe
* Information obtained from public sources. Deemed reliable but not guaranteed.
Comments (2)Subscribe to CommentsComment