Orange County Register

Here’s what a $40 million Laguna Beach home looks like

May 12th, 2009, 5:49 pm · 9 Comments · posted by KELLI HART, THE ORANGE COUNTY REGISTER

As promised, here are the photos of the $40 million home that just hit the market yesterday in Laguna Beach, 2665 Riviera Drive in private community Irvine Cove Albalone Point.

It’s currently owned by veteran technology executive John Schaefer, according to campaign election records.

The home was designed by Mark Singer, here are some other details:

• 5 bedrooms
• 8 baths
• 10,800-square-feet
• .55 acre lot
• 2 stories
• Ocean view
• Private beach
• Pool

There’s more where these came from, visit www.roddaley.com to see more.

Read more…

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San Clemente sees slight dip in home sales

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Posted in: Home values • Laguna Beach • New listing • houses • Irvine Cove • Rod Daley
 

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 9 Comments

• Neversurprised says:

  May 12, 2009 at 11:36 pm

  There is no such thing as a 40 milion dollar Laguna Beach home…it is a seller’s fantasy.
• Will says:

  May 13, 2009 at 6:32 am

  Until it sells for $40 million it’s not a “$40 million home.”
• regamason says:

  May 13, 2009 at 10:13 am

  what does a 40 million dollar home look like when it is sliding off the cliff into the ocean????? no thanks
• faceguy says:

  May 13, 2009 at 2:55 pm

  listed at 40mill and u only get .55 acres? what a ripoff.
• OC Investor says:

  May 13, 2009 at 3:02 pm

  Asking prices are like Assking prices every seller has one. This one is probably not very useful.
• Duh! says:

  May 13, 2009 at 4:11 pm

  That’s a lot of erosion on that cliff face which is pretty close to the house. How stable is that cliff? How big is the private beach?
• Trojan949 says:

  May 13, 2009 at 5:22 pm

  The bedrock in Irvine cove is just few feet away from the grade level. You can build a highrise tower on those bedrock without too much of challenge. However it changes when you head south to south-Laguna area. The bedrock is over 40 feet below grade at those oceanfront properties on the cliff in Three Arch Bay. You will need to drill all the way before you hit the bedrock. Depends on how many caissons you need, the construction costs can add up.
• bobotheclown says:

  May 14, 2009 at 9:59 pm

  What a dump!
• Steve says:

  May 18, 2009 at 8:33 pm

  These idiots are living in 2005.