BEVERLY HILLS, CA - Andy Stavros, Teles Newport Beach Broker Associate and Orange County Luxury Market specialist recently closed the highest public residential real estate sale in the history (as tracked by the MLS records) of Laguna Beach.
The home is located in the private gated community of Irvine Cove in Laguna Beach, where ocean front homes are currently listed up to $59,900,000. “After waiting over two years for the perfect opportunity for my client, I represented the purchase of 2675 Riveria Drive and the transaction closed in June 2014. The home is an 11,722 square-foot ocean front property built in 2001. It was originally listed for sale at $40,000,000 in March of 2013 and was purchased for $23,600,000,” shared Stavros.
The Orange County Business Journal interviewed Andy Stavros and Teles President & Chief Operating Officer, Sharran Srivatsaa on the Orange County luxury market. “The importance of the high-end thawing should not be marginalized… it will do wonders to rebalance the rest of the market and consequently create healthy sub-segments all around, providing options and opportunities for move-up/move-down buyers and sellers alike. We are starting to see this happen actively in the Orange County luxury market,” stated Srivatsaa.
“I have watched Andy Stavros represent clients in the ultra-high-end real estate market from Malibu to Laguna Beach and have seen him consistently deliver outstanding results,” said Peter Hernandez, Teles President & Broker of Record. “Congratulations on Andy, his team at The Stavros Group, and the entire Teles Orange County team for supporting the closing of one of the most notable transactions in Laguna Beach,” commented Hernandez.
For more information on this sale and pictures of the property, please click here or contact Andy Stavros at 949-290-0139 or andy.stavros@telesproperties.com.