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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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An Ocean Front Home in Laguna Beach in the community of Three Arch Bay has been reduced $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.
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Three Arch Bay- Paradise in Laguna Beach
As friends and families all gathered to celebrate Memorial Day weekend and the beginning of summer, one thing hit me. "This is where we spend our summers"
With the private beach, the luxurious homes paired with the beach bungalows, tennis courts, freshly manicured lawns, and golf carts whizzing by, Three Arch Bay is truly "Paradise" in Laguna Beach. Being the avid golfer, that I am, surprise to me that there is not a golf course for the residents. Any reasons for this?
The beach, and resort feeling you get when you are there truly makes Three Arch Bay, one of the many paradise locations not only in Laguna Beach, but the entire state of California.

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