News Summary
Costa Mesa has experienced a remarkable surge in luxury home sales, with recent transactions breaking price records. A five-bedroom house sold for $5.5 million, while another property with five bedrooms and nine bathrooms fetched nearly $6.5 million. These sales highlight the rising demand for upscale real estate on the Eastside, marking a significant shift in the local market. Experts suggest that these record-setting transactions may indicate new standards for luxury homes in the area, fueled by the vibrant atmosphere and desirability of the location.
Costa Mesa has recently witnessed record-breaking home sales, underscoring a rising luxury market in the area. Two properties sold in quick succession have shattered previous price records, demonstrating an increased demand for high-end residential real estate on the Eastside.
The first notable sale occurred in late July when a five-bedroom, 4.5-bath house at 482 Costa Mesa St. was sold for $5.5 million. This sale established a new record for the highest price paid for a residential property on a standard-sized lot in Costa Mesa. The house, which spans 4,813 square feet and is situated on a nearly 8,000-square-foot lot, features luxurious design elements. Local landscaping firm Koheid Design crafted the backyard, while the interior was designed by Morrison Interiors.
Approximately two weeks later, another impressive sale took place at 361 22nd St., where a 5,300-square-foot home with five bedrooms and nine bathrooms sold for nearly $6.5 million. This property, which occupies over 0.4 acres (nearly 18,000 square feet), falls into the non-standard lot category. The deal for this residence was closed through an off-market transaction.
The sales represent a significant shift in the local real estate landscape, as the previous record for a standard-sized residential property in Costa Mesa stood at $4.7 million. The home at 482 Costa Mesa St. was initially listed for $6 million on May 6 before its record-setting sale.
The representation for the 482 Costa Mesa St. transaction involved Eli Stirdivant and Keven Stirdivant of KASE Real Estate, who assisted the undisclosed buyer, while Lin He of Rellion Inc. represented the seller. The quick pace of the luxury real estate transactions has led to discussions about a new standard being set for luxury homes in the city, as per industry insights.
For the property located at 361 22nd St., the transaction was managed by Anne Stiefel and Krista McIntosh of Coldwell Banker Realty, representing the seller and buyer, respectively. This house, built in 2007, includes a variety of upscale features, such as a pool, a home office, and a guest house, appealing specifically to luxury buyers.
The Eastside of Costa Mesa is known for its vibrant atmosphere, often referred to as a hipster enclave. Its status as a trendy dining and shopping destination enhances its appeal, particularly along the 17th Street Promenade. The blend of style, accessibility, and luxury has placed the area in high demand, contributing to the significant rise in residential property values.
Overall, these record sales highlight an evolving luxury market in Costa Mesa, driven by an increasing number of affluent buyers seeking premium properties in a desirable location. As more luxury homes enter the market, it is expected that competition will continue to rise, potentially setting new standards for future sales in the area.
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Additional Resources
- OC Business Journal: Two High-End Costa Mesa Homes Set Records
- LA Times: A Historic Home in Costa Mesa is For Sale
- OC Register: Eastside Costa Mesa Home Sets a New Bar
- YieldPro: Eastside Costa Mesa Real Estate Trends
- GlobeSt: Retail Competition Heats Up in Orange County
- Wikipedia: Costa Mesa
- Google Search: Costa Mesa Real Estate
- Google Scholar: Costa Mesa Homes
- Encyclopedia Britannica: Costa Mesa
- Google News: Costa Mesa
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.
