Real Estate

OC spec house sells for $43.5 million — a 2022 high





A brand-new house in Laguna Beach has traded hands for $43.5 million, making it Orange County’s priciest sale so far this year.

It is also the most expensive transaction ever made in Emerald Bay, an affluent area. This sale is also one of the most expensive in Orange County. The current record was set last year, when hedge fund manager Joseph Edelman spent $70 million on an 18,000-square-foot mega-mansion in Laguna Beach’s Abalone Point.

This one’s a bit smaller at less than 5,000 feet, which helped it break another record. At $8,733 per square foot, it’s the highest price per square foot ever for a newly constructed home in Orange County.

A warm mix of wood and glass, the house was built on speculation — meaning without a buyer in mind — over the course of six years by David Wojtaszek, founder of development company Divita Builders. The property was purchased by Wojtaszek for $8.45million in 2017. The buyer is a Las Vegas-based limited liability corporation, according to records.

Although the space is small in comparison to other spec houses, Wojtaszek was able to fit in five bedrooms and 10 bathrooms, as well as amenities like a gym and movie theater, wine cellar, and a wellness center with a spa, sauna, and yoga room.

The floor plan is accessed via a four-stop elevator, which ascends to areas marked with walnut panels, wood ceilings and limestone floors. Titanium granite finishes the kitchen and pockets walls of glass open up to decks or balconies perched above a beach.

The listing was owned by Tim Smith from Coldwell Banker Realty. Tad Baltzer, Triibe Real Estate represented buyer.

The property was listed as a potential sale for $49 million in May. It went under contract two weeks later.





https://www.latimes.com/business/real-estate/story/2022-08-23/orange-county-spec-house-sells-for-43-5-million-a-2022-high

Comment here