Evan M. Stone Acquires Laguna Beach Single Family For $25M

A Laguna Beach home owned by the parents of Girls Gone Wild founder Joe Francis has been sold for $25 million. The property, located in stunning Emerald Bay, was purchased by mortgage entrepreneur Evan M. Stone. The home, originally bought for $2.2 million in 1996 and rebuilt in 2007, features five bedrooms, seven bathrooms, high-end amenities, and breathtaking views of the Pacific coastline.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $25,000,000
• Square Footage: 7,564
• Price per Square Foot: $3,305
• Market: Laguna Beach

Evan M. Stone, a mortgage entrepreneur, purchased the property from Maria and Raymond Francis. Stone was represented by Maura Short and Michelle Cormier from Compass, while the sellers were represented by Tim Smith from Coldwell Banker.

This transaction highlights the lucrative real estate market in Laguna Beach and the desirability of properties with breathtaking ocean views. Both the buyer and seller were represented by experienced professionals in the industry, ensuring a smooth and successful transaction.