Chris Colaw of First Team Real Estate Closes Sale of $3.85 Million Laguna Beach Home as Luxury Buyers Return to the Market


First Team Real EstateLAGUNA BEACH, CA – Chris Colaw, an accomplished luxury real estate expert with 35 years of market experience, recently closed the sale of 320 Cajon Terrace in Laguna Beach for $3,850,000 amid a resurgence of homebuyer activity on the local housing market to bring the seller full circle. Colaw originally helped his clients purchase the property in 2016 and since, the couple transformed the beach close home from an old-world concept to a modern, soft contemporary design. 

Chris Colaw of First Team Real Estate

The completely remodeled and upgraded North Laguna residence was originally listed for sale last spring during a slower luxury real estate market. After a price adjustment this February however, that all changed. “Coronavirus hit at a very interesting time for this home sale because it was right as our buyer activity began to skyrocket,” describes Colaw. “Once the real estate market was able to open back up as an essential business with private and safe showings, the sellers were thrilled that our interested buyer traffic doubled.” 

Lovingly reformatted by the sellers, the three-bedroom, two-and-a-half bathroom home is located just a stone’s throw from Main Beach showcasing some of the most spectacular sit-down views in Laguna Beach. The new kitchen has been outfitted with stainless steel appliances, new Shaker-style cabinets, dark quartz counters, subway tile back splash, a center island, walk-in pantry and skylight. Open to breakfast nook, tri-fold doors open to a stunning ocean view front terrace with built-in BBQ for entertaining.

320 Cajon Terrace

320 Cajon Terrace

The main floor master also showcases panoramic ocean views, a marble fireplace and glass slider access to the ocean view rear patio. Most impressively, the master closet has also been expanded to 420 square feet with elaborate storage features and its own ocean views. 

“My clients were an absolute pleasure to work with and I’m so pleased that after four offers we were able to find the perfect buyer for their impeccable home,” shares Colaw. “My advice for sellers in today’s market is this: be aggressive, be informed about pricing and be patient with luxury real estate. It can be done.”

According to the latest report from CAR, sales of higher-priced properties are recovering faster than the rest of the market, and motivated buyers are eager to purchase homes amid the lowest interest rates ever. As the California real estate continues to recover and rebound, this fall is shaping up to be a very busy buying and selling season across Southern California. 

Awarded the prestigious Hall of Fame Silver designation for the past three years in a row, Colaw is recognized as an elite, top performing agent within First Team. With the support of First Team | Christie’s International Real Estate, his abilities and expertise are complimented with a host of resources and advantages not offered at any other brokerage in Orange County. For more information on this impressive home sale and Chris Colaw’s expert real estate services, visit or contact him directly at (949) 633-6934.