Orange County spec house sells for $43.5 million — a 2022 high

A brand-new home in Laguna Seashore has traded palms for $43.5 million, making it Orange County’s priciest sale up to now this 12 months.

The staggering sum additionally makes it the costliest transaction ever within the prosperous enclave of Emerald Bay, and one of many priciest gross sales ever in Orange County. The present document was set final 12 months, when hedge fund supervisor Joseph Edelman spent $70 million on an 18,000-square-foot mega-mansion in Laguna Seashore’s Abalone Level.

This one’s a bit smaller at lower than 5,000 ft, which helped it break one other document. At $8,733 per sq. foot, it’s the best worth per sq. foot ever for a newly constructed dwelling in Orange County.

A heat mixture of wooden and glass, the home was constructed on hypothesis — that means with no purchaser in thoughts — over the course of six years by David Wojtaszek, founding father of improvement firm Divita Builders. He purchased the property for $8.45 million in 2017. Information present the client is a restricted legal responsibility firm primarily based in Las Vegas.

Although the place is comparatively small in comparison with its spec home contemporaries, Wojtaszek managed to squeeze in 5 bedrooms, 10 loos and facilities similar to a fitness center, movie show, wine cellar and wellness heart full with a spa and sauna.

A four-stop elevator navigates the ground plan, ascending to areas marked by wooden ceilings, walnut panels and limestone flooring. Titanium granite touches up the kitchen, and pocketing partitions of glass open to decks and balconies perched above the seaside.

Tim Smith of Coldwell Banker Realty held the itemizing. Tad Baltzer of Triibe Actual Property represented the client.

The property first surfaced on the market at $49 million in Could and went beneath contract two months later.