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Laguna Beach estate, once repo’d by a lender and never lived in, sells for $10.1 million

Laguna Beach estate, once repo’d by a lender and never lived in, sells for .1 million

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Set on 11.8 acres at 31401 Mar Vista Ave., the house is reached via a private drive and over a wooden bridge. With various levels and wings, the home has panoramic ocean, coast and canyon views. MARILYN KALFUS, STAFF

Set on 11.8 acres at 31401 Mar Vista Ave., the house is reached via a private drive and over a wooden bridge. With various levels and wings, the home has panoramic ocean, coast and canyon views.MARILYN KALFUS, STAFF

An 11,000-square-foot South Laguna Beach home foreclosed at $ 19.2 million during the housing downturn sold this week for $ 10.1 million.

At the time the lender took the house back in 2010 – the year it was built – Realtor.com called it one of the priciest residential foreclosures in the country. A year later, it was back on the market at $ 18 million.

The home at 31401 Mar Vista Avenue went on to become the setting for the Philharmonic House of Design, a month-long fundraiser showcasing the work of nearly two dozen interior designers.

Reached by a private drive and set on a dozen acres, the house never was lived in, according to listing agent, Michael Johnson of Villa Real Estate, who gave us a tour last year. At that time, the home was offered as a standard sale at $ 14.4 million.

The most recent asking price: $ 12.8 million.

No word on who the buyers are.

See more photos here:

Laguna Beach estate has never been lived in

The Orange County Register – News Headlines : Real Estate News