A home currently asking $35 million in North Laguna Beach has a strange history, according to the Southern California MLS.
The home, located at 31887 Circle Drive, was listed March 17, 2006 with the following listing prices:
- $33.9 million
- $31.9 million
- $33.5 million
After 575 days on the market, the listing was canceled on October 18, 2007.
The home was listed again January 21, 2008 for $2.9 million. Then the listing expired May 21, 2008.
Then, it was listed Feb. 17 at $35 million.
Offering only 3 bedrooms, 3 baths and a 5,640-square-foot lot, the position on the promontory and panoramic views are the driving force behind the price of the home.
The assessed property value of this oceanfront home is $3,289,744.
The only other home in Laguna Beach listed at $35 million is located at 22 Emerald Bay and includes two oceanfront lots with the intention to demo the existing structure.
A home in Laguna’s prestigious Irvine Cove Abalone Point community listed for $31.5 million (reduced from $40 million) is the next priciest listing in Laguna Beach. This home, however, spans 10,8000-square-feet, has 5 bedrooms and 8 baths and boasts 23,997-square-feet total for the lot.
http://lagunahomes.freedomblogging.com/2010/03/12/35-million-home-assessed-at-3-2-million/1877/
