Just 52 days after it was first listed with a demand of nearly $49 million, the luxury home in Laguna Beach’s Emerald Bay enclave has sold for $43.5 million. The sale also set a new square foot price record for new construction in the area at $8,733 per square foot.
But that’s not the highest amount ever paid for OC housing. That milestone occurred last November by the billionaire hedge funder. donated $70 million Approximately 18,000 square foot mansion in guard gated Irvine Cove community with recent Remittance of $61 million of a house on the nearby Newport coast.
Records show that the buyer of Emerald Bay was an LLC briefly linked to the Fertitta family of Las Vegas, now headed by patriarch Frank Fertitta III and his brother Lorenzo.the fertitta brothers both are millionaires It is widely known for its ownership of the Station Casino in Vegas and its previous ownership of the Ultimate Fighting Championship (UFC), which it sold for $4 billion in 2016.
Built over five years and completed in 2022, the beachfront home was designed by David Wojtaszek of Divita Builders, who purchased the land for $8.5 million in 2017. CJ Light Associatesand the resort-like property on a nearly one-acre lot overlooking the Pacific Ocean includes a contemporary home with five bedrooms and ten baths spread over nearly 5,000 square feet, plus 1,000 square feet of outdoor space.
The interior is decorated with brushed limestone floors, fabric and Venetian plaster wall treatments, Afromosia wood ceilings, limestone floors, walnut wood paneling and custom Genaro lighting. Luxurious amenities range from a movie lounge and climate-controlled wine wall to a fitness center with an infrared sauna.
Additional highlights include a gourmet kitchen with titanium granite island with top-of-the-line Gaggenau appliances, custom walnut cabinetry, walnut-covered eat-in bar, and private ocean-facing patio with fire pit. Includes a luxurious Master Retreat equipped with: Oversized walk-in closet with laundry and coffee station, spa-like bath with deep soaking tub and steam shower. Outdoors, the property features an outdoor dining terrace with a stone spa and built-in barbecue.
Top it all off: A Savant smart home system and a four-car garage with two electric vehicle charging stations, plus an annual HOA fee of $8,173, gives Emerald Bay residents a private beach, junior Olympic size of pools, tennis courts and parks. and a playground.
It’s not yet clear which member of the Fertitta family holds the key to this new home, but Frank Fertitta deserves nothing. already own Luxurious oceanfront mansion in Emerald Bay. So is Delice Sartini, Frank and Lorenzo’s older sister.