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Tuesday, May 24, 2022

‘A signature away’ from sale, this mansion was among 20 homes destroyed in coastal fire

The listing’s real estate agent says the 10,000-square-foot mansion “burned to a crisp” in the coastal fire was “a sign away” from being sold. Now, that deal is literally up in smoke.

The unidentified owner, who has another home in Canada, watched helplessly from overseas as security cameras showed the fire approaching and eventually killing the home.

The mansion, listed for just under $10 million, was perhaps the most priceless of the 66 homes in the gated, ridgetop Coronado Point neighborhood with ocean views.

Fire officials said 11 homes were damaged and 20 were destroyed by the fast-moving wildfire in the Laguna Niguel neighborhood, west of Crown Valley Parkway.

Fire-damaged homes along Coronado Point ranged in price from $2.85 million to $9.61 million, and averaged less than $4 million, according to the most recent Zillow “Gestimates” of home values. The mansion on the cul-de-sac at the north end of the block was listed for sale for just under $9.9 million.

Most of the homes ranged from 4,000 to over 6,000 square feet. It’s impossible to find homes of that size for those prices in nearby Laguna Beach.

Homes destroyed after a coastal fire moved through Laguna Niguel, CA on Thursday, May 12, 2022. At least 20 homes were destroyed as fires brushed through the coastal Orange County community. (Photo by Jeff Gritchen, Orange County Register/SCNG)

“It’s a very exclusive neighborhood,” said Newport Beach real estate agent Leo Goldswartz, … “It’s an under-the-wire, luxury community that’s little-known.”

ruined future plans

According to news clippings, the original gated, one-street community of Coronado Point dates back to the late 1980s, when a partnership called Coronado Point LP began construction. Most of the homes were built by the original developer, but six custom homes at the north end were built later.

The custom-built mansion at the north end of the block was the crown jewel of Coronado Point, with an elegant motor court in front, twin wings overlooking the canyon and a curved back wall overlooking the pool, a golf course, and Aliso Beach. distance. The home was built in 1999, designed by a French architect with feng shui sensibility, Goldswartz said.

“It’s a very special property. You can’t copy that house,” said the agent, who works for Compass Real Estate. “The house had separate wings. The adults moved to one side, the children to the other.” Gone. … It was like a palace. The house was a really beautiful house. The finishes were impressive.”

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