Friday, December 21, 2007

Fanta-sea Listing of the Week

UPDATE: After being listed for 3 years, this home was withdrawn from the market at the end of 2010.

Given the state of the RE market in Laguna Beach, this listing at 1177 Temple Hills Drive floored me. $3.7M for a 2bd house built in 1933 that comes with a "legendary cactus plant." Is it a cactus plant that blooms gold bars?? No? Ok, is the cactus planted on top of an underground vault filled with gold? No? Uhhh, I don't get it. Views of the ocean? Yes, but then again, most ocean view properties I have been following are languishing and subject to repeated price reductions.

The lot is large - 16,000 sq. ft. but still I predict that this house will sell for no where near the listing price, if it sells at all. If there is an open house, I will try to get a picture of the cactus!


Swim Mistress said...

Ridiculous wishing price. Seller will be disapppointed.

LuLu G said...

Still on market as of June 1, 2008. Ancient and crumbling. Value is in lot but house would require full remodel, incl. plumbing, elect, etc.
Delusional, maybe thinks LB like lottery?