Home for Sale at 32 N La Senda Drive, Laguna Beach, CA 92651

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32 N La Senda Drive
Laguna Beach, CA 92651

Andy Stavros with DOUGLAS ELLIMAN OF CALIFORNIA, INC., original listing - (949) 270-0440

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Property Details

List Price:	$25,000,000
Beds:	4
Baths:	Full: 5, ½: 2
Status:	Active
SqFt:	5144 Square Feet
Agency:	DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Agency Phone:	(949) 270-0440

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1970
Notes:	Welcome to one of the world’s finest oceanfront estates, where a rare double bluff-top homesite of nearly 20,000 s.f. and a fully rebuilt custom residence combine to create the most unique living environment in Laguna Beach. Premium northwest-facing views capture the ocean, beach, crashing waves, shimmering lights, and Catalina from every room of the contemporary masterpiece in guard-gated Three Arch Bay. A dramatic promontory setting is secluded behind a custom entry gate and features a circular drive, park-like grounds, and a spacious courtyard. Wraparound view decks offer steps down to bedrock, where a private saltwater pool is replenished naturally with the tide. Neither the location—which spans 150' at the water’s edge—or the pool would be granted permission by today’s codes, making this a truly rare opportunity. Approx. 5,144 s.f. with 4 bedrooms, 5 full baths, and 2 half baths, the open and airy residence showcases soaring ceilings, a seamless living and dining area, a home theater, an extensive glass-enclosed wine storage wall, and a sleek kitchen with enormous island and top-end appliances. Just inside the entry gate, a separate structure is ideal as a gym, studio, or office.
MlsNumber:	--
ListingId:	LG24121048

Listing Provided By:	DOUGLAS ELLIMAN OF CALIFORNIA, INC., original listing
Phone:	(949) 290-0139
Office Phone:	(949) 270-0440
Agent Name:	Andy Stavros
Disclaimer:	Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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