News Summary
Laguna Niguel has made headlines with the sale of a mansion at 7 Searidge for $16.3 million, marking a record for the area. This sale highlights Laguna Niguel’s rise as a prime location in Orange County’s luxury real estate market, contributing to an increase in million-dollar property sales. The acquisition reflects a growing trend in the area, where over 4,700 homes were sold over the past few months. The mansion features luxurious amenities and stunning architecture, further emphasizing the increasing demand for high-end homes.
Laguna Niguel Sets Record for Most Expensive Mansion Sale
Laguna Niguel, California, recently made headlines with the record-breaking sale of a mansion at 7 Searidge, which sold for an astounding $16.3 million. This sale has further emphasized the area as a rising star in the Orange County real estate market, which boasts a growing number of million-dollar properties.
In the three months ending in July, Orange County saw 59 million-dollar ZIP codes, an increase from the previous year by one. The latest figures indicate that 4,785 homes sold in areas with a median sales price of $1 million, making up 76% of all countywide sales. However, overall sales have dipped slightly, down 1% from the prior year.
With 221 sales, Laguna Niguel’s ZIP code 92677 emerged as the busiest for seven-figure transactions. This single sale at 7 Searidge has garnered attention due to its record price, especially as Orange County’s market for million-dollar homes continues to thrive, with prices ranging from $5.3 million in Newport Beach 92662 to $1 million in Garden Grove 92841.
Despite these high-end trends, there are also 26 ZIP codes in the county where prices remain under $1 million, accounting for a total of 1,538 sales, which marks a 3% decrease compared to the same time last year. The area experiencing the most activity under the million-dollar mark is Rancho Santa Margarita 92688, boasting 138 sales. The pricing in this category starts at $997,800 in Anaheim 92808 and drops to $478,300 in Santa Ana 92701.
The mansion at 7 Searidge features six spacious bedrooms and eight bathrooms spread across a generous 8,151 square-foot layout. It sold on February 14, shortly after being listed for $15,995,000, and the sale price breaks down to $1,994 per square foot, solidifying its place in Laguna Niguel history.
The property showcases exquisite Spanish transitional architecture, having undergone a custom rebuild over two and a half years. The interiors were designed by recognized designer Laura Brophy, known for her work throughout Los Angeles and New York City. Potential buyers are drawn to the remarkable amenities that this luxury home offers, including a private bar, a media room, a wine cellar, a gym, an office, and a separate casita. Additionally, the house includes outdoor features like a firepit and grill, all complemented by stunning ocean views.
This impressive mansion was previously sold in 2017 for $5.8 million, making its recent sale a significant leap in value. The sale was facilitated by real estate agents Michael Caruso and Phillip Caruso of Christie’s International Real Estate Southern California, along with AJ Olson Whitfield representing the buyer.
While the sale of 7 Searidge steals the spotlight, it is noteworthy that the highest-priced residential property transaction in Orange County this year was recorded at 9 Pelican Drive in Newport Coast, which sold for $37 million.
As the real estate landscape in Laguna Niguel continues to flourish, the record sale at 7 Searidge underscores the increasing demand and high stakes within the region’s luxury market. With more residents investing in million-dollar properties, Laguna Niguel is poised to secure its position as one of Orange County’s priciest hotspots.
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Additional Resources
- Orange County Business Journal: Laguna Niguel Sale Sets Record
- Wikipedia: Laguna Niguel, California
- OC Register: Look Inside Laguna Niguel’s All-Time Most Expensive Home
- Google Search: Laguna Niguel real estate
- Patch: Hoag Hospital Awarded Iconic Ziggurat Building
- Encyclopedia Britannica: California
- SFGATE: Calif Property Built Transamerica Pyramid Sold
- Google News: Laguna Niguel
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.
