News Summary
A luxurious estate in Laguna Niguel has made headlines by selling for $16.25 million, surpassing its listing price and achieving a remarkable price per square foot. This six-bedroom, eight-bathroom home reflects the resilience of the luxury real estate market in Orange County amidst mixed trends in property prices across the region. While overall home sales have slightly decreased, high-end properties continue to attract significant buyer interest, indicating a contrasting dynamic within the housing landscape.
Laguna Niguel – A luxurious mansion located at 7 Searidge has set a record sales price of $16.25 million, marking a significant event in the ongoing trends of the Orange County real estate market. The six-bedroom, eight-bathroom estate features a total area of 8,151 square feet and was sold on February 14, following just one week on the market. Its listing price was $15,995,000, and it sold for more than the asking price, with a remarkable price per square foot reaching $1,994—this is a record high for Laguna Niguel.
Despite this impressive sale, the overall real estate landscape in Orange County reveals mixed signals. The median selling price has declined in 42% of ZIP codes over the year ending in August, according to data from Attom. Of the 85 local ZIP codes with recorded sales, prices increased in 49 areas while they decreased in 36. The overall countywide median home price currently stands at $1.15 million, which has remained flat over the past 12 months.
In terms of sales activity, Orange County recorded a total of 2,171 home sales, marking a slight 1% decrease from the previous year. Sales rose in 38 ZIP codes while decreasing in 44, and remained unchanged in four. The busiest ZIP code in Orange County was Laguna Niguel 92677, which reported 66 sales, further reflecting the dynamic nature of this particular market.
In addition, the most expensive ZIP code with five or more sales was Newport Beach 92661, boasting a median price of $4.32 million. Conversely, Santa Ana 92701 is recorded as the cheapest ZIP code in the region, with a median price of $432,750. These figures illustrate a broad spectrum of housing prices across the county.
The sold mansion at 7 Searidge is situated within the prestigious, guard-gated Bear Brand Ranch. The residence showcases a blend of contemporary and traditional design elements, crafted by Newport Beach-based designer Laura Brophy with architectural work from Spectrum Architecture. It includes a variety of high-end amenities such as a bar, a media room, an expansive wine cellar, a gym, an office, and an outdoor firepit. Unique features of the property also comprise a separate ocean-view casita complete with a coffee bar, as well as an infinity-edge pool offering stunning coastline views.
The estate previously changed hands in 2017, when it was sold for $5.8 million. Its amenities, including a grand pivot front door, white oak flooring, and a gourmet kitchen with custom cabinetry, contribute to its appeal and value.
The recent transaction involving this property was facilitated by Phil and Michael Caruso from Christie’s International Real Estate, who served as listing agents, while AJ Olson Whitfield of Pacific Sotheby’s International Realty represented the buyer.
This record-breaking sale highlights an intriguing contrast in the Orange County real estate market, where high-end properties continue to attract substantial interest and investment, even amid a broader context of fluctuating prices. Despite the challenges faced by many homeowners, the luxury segment stands distinctly resilient, drawing attention to how diverse and localized real estate trends can be within the same county.
Additionally, it was noted that the highest sales price recorded in Orange County this year reached a staggering $37 million for a 13,500-square-foot estate located at 9 Pelican Drive in Newport Coast, further amid reports of varying real estate performance across different regions.
Overall, the record sale of the Laguna Niguel mansion not only underscores the appeal of premium properties in Orange County but also reflects a broader narrative within the real estate market, characterized by both hardship for many and opportunity for others seeking luxury homes.
Deeper Dive: News & Info About This Topic
HERE Resources
Laguna Niguel Achieves Record Mansion Sale
Remarkable Market Capitalization Gains in Orange County
Record-Breaking Multifamily Property Sale in Costa Mesa
Pacific Coast Chapter Celebrates Young Volunteers
Laguna Niguel Sets New Record with $16.25 Million Mansion Sale
Additional Resources
- OC Business Journal: $16.3 Million Laguna Niguel Sale Sets Record
- Wikipedia: Laguna Niguel
- OC Register: Look Inside Laguna Niguel’s All-Time Most Expensive Home Sold at $16.25 Million
- Google Search: Laguna Niguel Real Estate
- Patch: South OC Man Scammed $62.5M from Clients in Ponzi Scheme
- Encyclopedia Britannica: Real Estate
- OC Business Journal: GSA Cancels Sale of Ziggurat Building to Hoag Hospital
- Google News: Laguna Niguel Real Estate Market
Author: STAFF HERE COSTA MESA 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.
