Anaheim Hills home fetches near-record $6.3 million

April 22nd, 2008 by Jeff Collins

A seven-bedroom, eight-bathroom mansion - plus guest quarters, a pool, a cabana with a frescoed ceiling, a tennis court, and two acres of landscaped gardens - in Anaheim Hills (pictured on right) sold earlier this month in an all-cash deal for $6.3 million after a one-week escrow.

"This home in Newport Coast would probably be around $25 million - at least," listing agent Carole Geronsin said of the property.

Geronsin said this Anaheim Hills home, located on Copa de Oro, had been on the market for a year, most recently with range pricing (meaning it was listed to sell within a given range, rather than for a single list price). It ended up selling above the intended asking price after getting multiple offers, she said. The next closest selling price in Anaheim Hills was another Copa de Oro home that sold for $5.65 million two or three years ago. As with other properties in the trophy home market, the Copa de Oro sale likely had little to do with what's going on with the housing market overall, Geronsin said. "I think people who have money, when they see what they want, they'll buy it," she said.

The $6.3 million sale is believed to be the second-highest price paid for a residence in Orange County's north-inland quadrant, according to several agents who deal with high-end real estate in that territory. The record-holder is a home on a five-acre subdivided parcel in North Tustin that sold for $7.6 million in June. According to Dan Shusterman of Coldwell Banker Previews International, listing agent for the North Tustin home, the owner of the subdivided property planned to sell it as three separate home sites. But a buyer bought the entire parcel and intends to use it as a family compound.

Want more views of the $6.3 million Copa de Oro home, courtesy of The Geronsin Team? Read the rest of this entry »