There’s a new record for the priciest home sale in Orange County. According to the Wall Street Journal, biotech hedge fund founder Joseph Edelman and his wife, Susan Lebovitz-Edelman, have picked up an oceanfront estate for $70 million!
The Laguna Beach home wasn’t officially on the market, though the last time it was, it sold for $32.7 million in 2018.
With 18,000 square feet of living space across the main house, guesthouse and pool cabana, the property features a commercial kitchen, screening room, gym, massage room and a 10,000-bottle wine cellar
The grounds include rose gardens, 100-year-old olive trees and fountains imported from Europe. One of 12 oceanfront homes in Abalone Point, the property includes access to a private beach.
Evan Corkett and Steve High of Villa Real Estate represented the seller. Jon Curci and Rex McKown of Compass represented the buyers. Michelle Luhan of Compass in New York was involved in the transaction as a referral agent.
The sale surpasses the previous record of $61 million deal in nearby Newport Coast earlier this year.