$300,000 Price Drop in Three Arch Bay, Laguna Beach

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Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

An Ocean Front Home in Laguna Beach in the community of Three Arch Bay has a price drop of $300,000 which makes it the least expensive home in Three Arch Bay at $4,440,000.  The home is a three bedroom, two and one-half bath home with 1886 sf. 

The home has a private beach and an unobstructed ocean view.  The home has been updated through out.

Now here is the situation all areas of So. Orange County have been hard hit by the recession and are having a difficult time selling.  The market is thin at all levels of the market even the luxury home market.  That is why we are seeing price drops in Three Arch Bay, Laguna Beach of $300,000.

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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Sounds like a great home!  Best wishes for a speedy sale!

Oct 17, 2010 09:27 AM #1
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

It is a great home and the market is slow.

Oct 17, 2010 09:32 AM #2
Rainmaker
1,079,379
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Gary, that is a significant price adjustment - hope it gets some activity on the house. The luxury home market is up 6% nationally over last year, but there is still a significant amount of inventory.

Oct 24, 2010 04:41 PM #3
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

There are a lot of homes that are dropping like a rock at this time.

Oct 25, 2010 06:53 PM #4
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Rainmaker
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