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To: John McCarthy who wrote (870)	3/15/2010 1:01:42 PM
From: John McCarthy	Respond to of 1182

$35 million home assessed at $3.2 million March 12th, 2010, 4:00 am HART, THE ORANGE COUNTY REGISTER A home currently asking $35 million in North Laguna Beach has a strange history, according to the Southern California MLS home, located at 31887 Circle Drive, was listed March 17, 2006 with the following listing prices: $33.9 million $31.9 million $33.5 million After 575 days on the market, the listing was canceled on October 18, 2007. The home was listed again January 21, 2008 for $2.9 million. Then the listing expired May 21, 2008. Then, it was listed Feb. 17 at $35 million. Offering only 3 bedrooms, 3 baths and a 5,640-square-foot lot, the position on the promontory and panoramic views are the driving force behind the price of the home. The assessed property value of this oceanfront home is $3,289,744. The only other home in Laguna Beach listed at $35 million is located at 22 Emerald Bay and includes two oceanfront lots with the intention to demo the existing structure. A home in Laguna’s prestigious Irvine Cove Abalone Point community listed for $31.5 million (reduced from $40 million) is the next priciest listing in Laguna Beach. This home, however, spans 10,8000-square-feet, has 5 bedrooms and 8 baths and boasts 23,997-square-feet total for the lot. More on Laguna Beach real estate… lagunahomes.freedomblogging.com CRACKER