News Summary
Laguna Niguel’s luxury real estate market has achieved a significant milestone with the sale of a mansion for $16.25 million, the highest price recorded for residential property in a non-coastal city in Orange County. This remarkable sale marks a shift in the local market as it broke previous records, showcasing the appeal of high-end properties in the area amidst fluctuating overall home prices in Orange County.
Laguna Niguel’s luxury real estate market recently reached a new milestone with the sale of a mansion for $16.25 million, marking the highest price ever paid for a residential property in a non-coastal city within Orange County. The property, located at 7 Searidge, closed on February 14, 2025, exceeding its asking price of $15.995 million and setting a new standard for home sales in the area.
The mansion spans 8,151 square feet and features six bedrooms and eight bathrooms, built on a generous 20,383-square-foot lot within the exclusive guard-gated community of Bear Brand Ranch. Its recent construction, completed over a two-and-a-half-year period, showcases high-end design elements reminiscent of upscale properties found in other affluent areas like Montecito, Los Angeles, or Europe. Notable amenities include a bar, media room, wine cellar, gym, office, casita, outdoor firepit, outdoor grill, and impressive ocean views, contributing to its allure.
This record-setting sale occurred against a backdrop of fluctuating median home prices across Orange County. According to data analyzed by Attom, the overall countywide median sales price was reported at $1.18 million, reflecting a slight decrease of 0.4% over the past year. Analysis of 87 local ZIP codes revealed that home prices increased in 44 areas, while they decreased in 43, indicating mixed trends in the residential market.
Notably, Laguna Niguel (ZIP 92677) was the most active area, with a total of 78 home sales recorded. Prior to the record-breaking sale of 7 Searidge, the highest residential property price in Laguna Niguel was previously $15 million, reached through the sale of two separate lots. With the new sale, the price per square foot for this mansion reached $1,994, surpassing previous benchmarks in the area.
The top-performing ZIP code for median home sales was Newport Coast (ZIP 92657), which reported a staggering median sales price of $5.55 million. Conversely, Santa Ana (ZIP 92701) recorded the lowest median sales price at $412,000, emphasizing the wide variation in residential property values across the region. Data indicates a total of 2,168 homes sold in Orange County, marking just a slight year-over-year decrease of 0.05%.
In addition to the record-breaking sale in Laguna Niguel, Newport Coast also noted another luxury transaction, with the sale of 9 Pelican Drive for $37 million, which stands as the highest sale in Orange County for the year.
While the luxury segment of the market shows robust activity, the general trends indicate uncertainty. Sales data shows an increase in 43 ZIP codes, a decrease in 38, and five ZIP codes remained unchanged. This reflects a shifting landscape that homeowners, buyers, and sellers must navigate.
In a separate but significant development, the U.S. General Services Administration is re-bidding the 92-acre Chet Holifield Federal Building in Laguna Niguel, following a legal challenge from Hoag Memorial Hospital Presbyterian. The hospital was awarded ownership of the property after a previous sale to Hilco Development Services was terminated, potentially impacting the local real estate landscape further.
As the luxury market in Laguna Niguel continues to thrive, and new sales records are set, the overall housing market in Orange County showcases a complex but evolving environment shaped by fluctuations in price across various ZIP codes and segments.
Deeper Dive: News & Info About This Topic
HERE Resources
Mixed Trends in Orange County Real Estate Market
Orange County Housing Market Sees Mixed Results
Additional Resources
- OC Business Journal: Laguna Niguel Sale Sets Record
- Wikipedia: Laguna Niguel
- OC Register: All-Time Most Expensive Home in Laguna Niguel
- Google Search: Laguna Niguel real estate
- Daily News: Laguna Niguel’s Ziggurat Price
- Google Scholar: Laguna Niguel real estate market
- Patch: Hoag Hospital Awarded Iconic Ziggurat Building
- Encyclopedia Britannica: Laguna Niguel
- Real Estate Listing: 12 Morning Dove
- Google News: Laguna Niguel real estate news
Author: STAFF HERE COSTA MESA WRITER
COSTA MESA STAFF WRITER The COSTA MESA STAFF WRITER represents the experienced team at HERECostaMesa.com, your go-to source for actionable local news and information in Costa Mesa, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the OC Fair, Concerts in the Park, and Fish Fry. Our coverage extends to key organizations like the Costa Mesa Chamber of Commerce and Boys & Girls Clubs of Central Orange Coast, plus leading businesses in retail, fashion, and technology that power the local economy such as Vans, Experian, and South Coast Plaza. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, HERESanDiego.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
