Positive News A $7.4 Million Sale In Laguna Beach

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
https://activerain.com/droplet/rDr

Positive News A $7.4 Million Sale In Laguna Beach

A big sale sale in Laguna Beach which is positive news of a $7.4 million home sale.  This should help all the agents and reporters that do not think there is a market in real estate. 

The oceanfront home in Laguna Beach's Three Arch Bay community just sold and it was a bargin as a short sale.  The home is a 5000 square foot 5 bedroom 5.25 bath on a 14,349 square foot lot.  It had been offered at 14 million origionally.

The home is situated on a cliff above the clear blue waters in Three Arch Bay.  This home was built in 1933 and is a historic home.  It does have some recent renovations.  There is a separate guest home on the property.  The home has private steps to the beach.  Congratulations Ron Felsot. 

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Topic:
Home Selling
Location:
California Orange County Laguna Beach Three Arch Bay
Groups:
Keller Williams 'Rainers
Agents who want REFERRALS!
Posts to Localism
Orange County Real Estate
Short Sale REALTORS®
Tags:
estate properties

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Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

John

I will not make the evening news here for sure.

Jan 13, 2012 02:27 AM #2
Rainmaker
3,616,155
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Tim, great positive news - on multiple fronts:  first, a $7.4 million closed transaction and second, it was a short sale!   Plus it is in Laguna -- can't beat that location.

Jan 13, 2012 02:32 AM #3
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Michael

Toooo true all positive here.

Jan 13, 2012 03:02 AM #4
Rainmaker
108,871
Cathy McAlister
Cathy Ashley McAlister, GRI CDPE - Broker / Sacramento - Sacramento, CA
Sacramento DRE#00648507

Tim:  Love good news.  I hope you was yours!    It sure does seem that we are seeing a few more good things in the last few months. 

Jan 13, 2012 03:21 AM #5
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Cathy

I think we have turned a corner.

Jan 13, 2012 03:25 AM #6
Rainer
64,435
Brett Reichel
Homebridge Financial Services - Rancho Cucamonga, CA
MLO 210215

Tim -

I'm glad to hear you say you think we've turned a corner....I've been thinking the same thing!

Brett

Jan 13, 2012 11:51 AM #7
Rainmaker
1,402,703
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

That's a huge sale by any account in any US city. Our high end has been slumping a bit in the East Bay. Hope it picks up soon!

Jan 14, 2012 05:31 PM #8
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Brett

I really hope we have turned the corner.

 

Jan 14, 2012 05:43 PM #9
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Vickie

I hope it turns a corner soon for you.

Jan 14, 2012 05:44 PM #10
Rainmaker
2,558,030
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Wow sold at half price...Ron is getting a very nice commission!

Jan 14, 2012 05:45 PM #11
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

REBECCA

Yes he is getting a great commission.

Jan 15, 2012 02:54 AM #12
Rainmaker
789,596
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Wow, that is a spendy house.  I'd love to sell at 7+ million dollar home.  We don't have those around these parts. :-) Kasey

Jan 15, 2012 05:54 PM #13
Rainer
251,980
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

That's a nice sale to have closed! Hopefully it signals a positive return to the market - and that activity increases as we move into spring 2012!

Jan 16, 2012 10:27 AM #14
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Kasey and John

I would love to sell that one myself.

Jan 17, 2012 01:35 AM #15
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Karen

We are all hoping that that is a signal of positive thing to come.

Jan 17, 2012 01:36 AM #16
Ambassador
2,347,301
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Tim ... The Banks in Vegas are going to drop around 4000 homes into the market around February, until then homes have been selling like crazy in Vegas!

VB ;o)

Jan 17, 2012 05:19 PM #17
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

4000 in February will drop your market Bob considerably.

Jan 19, 2012 02:48 AM #18
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

4000 in February will drop your market Bob considerably.

Jan 19, 2012 02:48 AM #19
Rainmaker
509,272
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Good Evening Tim:

Great news for the City of Laguna Beach.  I hope that sales will continue to increase.  As unemployment filings and other leading indicators show positive signs, lets hope Laguna Beach and other California communities see a speedy recovery

Jan 19, 2012 03:51 PM #20
Rainmaker
1,025,537
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

C Lloyd

We do need some positives in the market place.

Jan 21, 2012 04:47 AM #21
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