$110M Beachfront Mansion Sold In Laguna Beach By John Stanaland Of The Agency

A beachfront mansion located at 2585 Riviera Drive in Laguna Beach, CA has sold for $110 million. The property spans 10,000 square feet, resulting in a price per square foot of $11,000. This transaction is noted for setting a new Orange County record, surpassing the previous highest sale of $70 million.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $110,000,000
• Address: 2585 Riviera Drive
• Market: Laguna Beach, CA
• Square Footage: 10,000
• Price Per Square Foot: $11,000

The private deal was facilitated by John Stanaland of The Agency, indicating a trend of increasing demand for ultra-luxury properties in coastal Orange County. The transaction was conducted all-cash, reflecting the buyer's significant financial capacity.