UPDATE: After being listed for 3 years, this home was withdrawn from the market at the end of 2010.Given the state of the RE market in Laguna Beach, this listing at 1177 Temple Hills Drive floored me.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!
