Pyne's Castle In Laguna Beach For Sale

Yet another Laguna Beach Estate goes on the Market. The landmark beach estate know as the Pyne Castle has not been on the market for decades. Built in 1927 the estate sits on 2.2 acres of land and has 18,400 square feet of home. The castle sits on a hill in North Laguna Beach, which gives it views of the ocean and Catalina Island. It origionally had 62 rooms.




Today it is an appartment building for 16 families. Pyne built the home as his residence. He willed the castle to his housekeeper Marie Hannon in 1945 who left the property to the Christian Science Church upon her death. The church sold the property to its current owners.



The current price of the castle appartment is $15 million.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Orange County Sales Are Increasing

I know we are all looking for information the we can trust that will be positive, like Orange County sales are increasing up over last year. It is true.  Sales are up. The prices have made a big adjustment down but the condo market is selling quickly, and so are homes.



It shows that the condo market in June was the bigest since June 2006. The federal tax credit has helped the market and it helps the condo more than the single family home sale. But look we have a market improvement.



The single family residences are also up 10.3 percent vs a year ago. Laguna Beach is going up at a rate of 16 percent in the same year. As prices get affordable in all areas the top beach areas will sell fast, as we are seeing in the data. The median price in Laguna Beach is down 29 percent in one year.



So if you are looking for some good news it is that deals are out there and the market knows it. People are buying because prices are low and the interest rates are real good. So it is not just that Orange County condo sales are 13% faster than a year ago, but the whole market is moving well.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!