Special offer

Bullock /James O.C. Oceanfront brings $4.5M

By
Real Estate Agent with Realty ONE Group

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

www.LuxuryResortHomes.com 

 

 

* Information obtained from public sources.  Deemed reliable but not guaranteed.

Comments (2)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Now that they're divorced I'm sure they're glad to have the home sold and done with.

Dec 21, 2010 07:43 PM
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Charles,

Interesting story.

A little celebrity gossip, I suppose!

Phil

Dec 21, 2010 07:53 PM