Laguna Beach Estate Fetches $112 Million
A magnificent estate in Laguna Beach has gone for an astonishing $112 million, potentially setting new records for real estate sales in affluent areas of California and Orange County.
This information was first shared by the Wall Street Journal.
Covering nearly 14,400 square feet and situated on over an acre of prime oceanfront land, the property is co-listed by Maytal Taub and Jill Lockhart from River Real Estate. The house, perched dramatically on a bluff, offers sweeping views of the Pacific Ocean, with parts of it extending over the water—something that’s not feasible to replicate due to current California coastal regulations.
“One of the most remarkable features of the home is it’s cantilevered over the ocean, which really connects you to the water,” Lockhart remarked. “It’s almost like you’re floating.”
A nearby property in Emerald Bay reportedly sold for $110 million. If this estate’s asking price of $112 million is met, it would surpass that figure, marking a new record for Orange County.
This is what attracts today’s wealthy buyers, according to agents.
Lockhart explained, “Affluent purchasers increasingly seek out valuable land rather than simply a large house. This isn’t just a tough house to duplicate; it’s impossible.”
The residence boasts eight bedrooms, twelve full bathrooms, and three half-bathrooms, including a guest room. Originally commissioned in the early 1970s by investor Boyd Jeffries, founder of a firm that evolved into Jefferies Financial Group, the project was so ambitious that Jeffries acquired the concrete company involved due to the extensive stabilization needed for the cliffs, as highlighted in the listing.
Architect Fred Briggs, known for creating luxurious coastal homes, designed a space that intricately merges architecture with the natural landscape, incorporating expansive glass walls that provide panoramic views stretching to Catalina Island.
Taub noted that Briggs has achieved a balance that can often be elusive in modern home design.
“Concrete offers durability, while wood and stone contribute warmth and comfort,” she continued. “It feels modern but not unwelcoming.”
Following Jeffries, the property was owned by the late billionaire Bruce Bastian, co-founder of WordPerfect, who became a prominent LGBT philanthropist and activist. The current owner, David Wilson, CEO of Wilson Automotive Group, purchased the house in 2001, making it the most expensive real estate sale in Orange County at that time. Over the years, Wilson has invested significantly in enhancing the iconic mansion while respecting Briggs’ original vision.
The renovations added two bedrooms and bathrooms, a movie theater, new entertainment areas, and a separate guesthouse converted from a warehouse. Wilson also focused on implementing erosion control measures and structural improvements to protect the bluff while adhering to modern building codes.
But, perhaps the most significant luxury of this estate is something that can’t simply be bought.
With features that predate current California Coastal Commission regulations, much of the property extends into regions where new construction wouldn’t be allowed.
The primary suite is particularly striking, surrounded by water on three sides, and features a staircase leading up to a private library. In the center of the suite, a rotating circular bed sits beneath a retractable dome that opens to the sky, allowing for an exceptional stargazing experience right from bed.
Inside, spacious glass walls and polished teak floors reflect sunlight throughout the home, while the chef’s kitchen is equipped with high-end appliances from Wolf, Miele, and Thermador.
This estate also boasts resort-like amenities such as over 2,000 square feet of oceanfront terraces, a pool and spa, a tennis court positioned above the garage, and a wine cellar capable of storing 1,000 bottles. The wellness area features a fitness studio, sauna, steam room, and waterfall spa.
Designed with privacy in mind, the property includes a double-gated entrance, separate accommodations, discreet security features, and direct access to the beach below the cliffs.
“Most people drive past it every day and might not even notice it’s there,” Lockhart observed.
