A sprawling, turnkey trophy home in the Californian coastal enclave of Laguna Beach is headed to the market Wednesday for $25 million, Mansion Global has learned.
Newly completed after a mammoth 15 years in the making, the three-story, bluff-top spread is in Laguna Beach’s prestigious guard-gated community of Three Arch Bay.
“As soon as you walk in you’re drawn to vast views of the ocean, it takes your breath away,” said agent Andy Stavros, who will be sharing the listing with his Douglas Elliman colleagues, Josh and Matt Altman—better known as the Altman Brothers.
“The home itself is designed to be a piece of art. There’s glass everywhere so it does maximize the view,” Mr. Stavros said.
That suits its owner, Komal Shah, a prominent art collector, philanthropist and activist pushing for better representation of female and minority artists. She’s a member of the San Francisco Museum of Modern Art Board of Trustees.
The natural surroundings were integral to the design of the property, according to Ms. Shah.
“We wanted to open the house to the magnificent views of the Pacific Ocean white water, Catalina Island and the city of Laguna Beach, and make them visible from every corner of the house,” Ms. Shah said in an email.
“We labored on the house for 15 years with the now-late architect, Mark Singer, and interior designer, Arianna Noppenberger, to realize this dream,” Ms. Shah said. “The finished home is very contemporary, sophisticated, open and light with a focus on the amazing outdoors.”
Ms. Shah and her husband, venture capitalist Gaurav Garg, bought the property in 2005 for $8.65 million, records with PropertyShark show. At that time, the parcel was home to a single-family residence built in 1985, according to listing records.
Secluded at the end of a long driveway, the contemporary spread spans over 5,000 square feet and has five bedrooms, seven bathrooms and floor-to-ceiling windows to take in the expansive ocean views.
An elevator serves all three levels of the home, which also has an office, a media room, a lavish primary suite, balconies and a floating staircase.
“This is one of those houses that can appeal to everyone because of the size, the location and how it’s laid out,” Josh Altman said.
Though the buyer could be someone local, Mr. Altman is betting on interest from out of state, he said.
“We’re seeing a lot of tech money coming from up north, and we’re seeing a lot of money from the East Coast, people relocating from New York,” he said. “Coming into summer, we have the hottest market we’ve seen in our careers.”
Article Source: Mansion Global