Laguna Beach mansion once asking $65 million sells for $32.7 million
An oceanfront palazzo in Laguna Beach’s secluded Irvine Cove that hit the market five years ago for $65 million sold this month for $32.7 million.
The asking price dropped several times since 2013, and was entered into the Multiple Listing Service on Sept. 12, the day the house sold, at $38.9 million.
The estate, with 17,000 square feet of living space (above, center left), is one of only five homes directly above the sand in the guard-gated community.
Completed in 2010, the main house at 2585 Riviera has towering glass doors and a foyer with terrazzo floors inspired by those at the Getty Villa in Malibu. There are four bedrooms, a wine cellar and tasting room and fireplaces imported from Europe, according to the listing.
A commercial-caliber kitchen boasts expansive Italian Carrara marble counter tops, a Bonnet range suite and banquet dining, plus catering and chef’s quarters.
The master suite women’s closet has an underground level accessible by elevator. Other amenities include a billiards room, a full gym and massage room and two offices.
A swimming pool faces the Pacific Ocean, and the guest house was inspired by Philip Johnson’s Glass House, a noted modernist residence built in Connecticut in 1949. The six-car garage uses a hydraulic lift.
Ronald and Yolanda Loder were the sellers, according to property records. The Loders bought the land from Joan Irvine Smith when she subdivided her 2-acre property into three parcels to sell.
The couple then spent eight years building the home.
The buyer was recorded as Abalone Point LLC, with a post office box in Corona del Mar.
Evan Corkett of Villa Real Estate represented the buyer, who she would only say is from out of state. Rod Daley of Coldwell Banker Residential Brokerage was the listing agent.