Thursday, May 26, 2022

California mansion was almost sold before wildfire destroyed it

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A palatial California abode with breathtaking ocean views was just “one signature away” from being sold for nearly $ 10 million when it was gutted by the Laguna Beach wildfire this week, according to its real estate agent.

The mansion’s owner was abroad at the time – and watched helplessly as security cameras showed the property being destroyed.

The 10,000-square-foot pad – known as the crown jewel of a luxury gated neighborhood in Laguna Niguel – “burnt to a crisp” as the wind-fueled brush fire ripped through the ritzy region, the listing agent told the Orange County Register.

“It’s a very special property. You cannot duplicate that home, ”said realtor Leo Goldschwartz.

“The house had separate wings. The adults went one way, the kids went another way. … It was like a palace. The house was a really beautiful home. The finishes were impressive. ”

The nearly-sold $ 10 million mansion was gutted by the Laguna Beach wildfire.
Destroyed home.
The 10,000-square-foot home was known as the crown jewel of its luxury gated neighborhood.
Firefighters spray water on a burning structure.
At least 11 homes were damaged and 20 destroyed by the fast-moving wildfire.

The custom-built house, on the top of a ridge in the Coronado Pointe neighborhood, had a pool, an elegant parking area and canyon-side twin wings overlooking the beach.

Built in 1999, it was designed by a French architect with feng shui values ​​and likely the priciest home in the gated community.

“It’s a very exclusive neighborhood… very quiet,” Goldschwartz said. “It’s an under-the-wire, luxury community that’s little known.”

A firefighter uses a hose to put out hot spots.
The custom-built house had a pool, an elegant parking area and canyon-side twin wings overlooking the beach.
A firefighter works to put out hotspots.
The home’s would-be buyers are devastated, the realtor said.
A plane drops fire retardant onto the Coastal Fire.
A plane drops fire retardant onto the Coastal Fire.

At least 11 homes were damaged and 20 destroyed by the fast-moving wildfire that overtook the tony Southern California area Wednesday, fire officials said.

Prices for the fire-ravaged homes along Coronado Pointe ranged from $ 2.8 million to $ 9.6 million, according to the most recent Zillow estimates. Most of them were 4,000 to 6,000 square feet.

The owner of the $ 10 million mansion, who also has a home in Canada, was insured, Goldschwartz said – although wildfires have made insurance harder to get and more expensive in California.

Fire damage.
The luxury estate was built in 1999.
A burned Porsche sits outside a destroyed home.
A burned Porsche sits outside a destroyed home.
Burned canyon.
Wildfires have made insurance harder to get and more expensive in California.

The abode’s would-be buyers are devastated, he said.

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