In the Millions
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During the housing boom of the early 2000s, a home for sale in Irvine’s Shady Canyon set a new high record for the non-ocean view City of Irvine, with a listing of $10 million.
Now, during the current housing recession, a three-story, 13,500-square-foot Shady Canyon home has come on the market with a $15.9 million listing, down from its original asking price of $17.5 million. For the price, one gets five bedrooms, seven-and-one-half baths and a 1.7-acre site.
Want a water view, not of the Pacific Ocean but of the Newport Beach Upper Bay? That’s where a 29,000-square-foot home on a two-acre site is being built with an anticipated selling price of $79 to $95 million, depending on the market when it is completed three years from now. For that, you will get tennis courts, a winery, a putting green, and a guard house.
