Laguna Beach or Capri? An Italian-Inspired California Home Lists for $35 Million
In California, an Italian-style beachfront home with its own chapel is listing for $35 million.
Located on Crescent Bay Beach in Laguna Beach, the approximately 0.2-acre lot contains a four-bedroom, roughly 7,000-square-foot home. The owner, apartment developer Rick Silver, built the house on the site of a 1920s structure, and the property still has roughly 100-year-old garden walls zigzagging from the house down to the beach, he said. In an old beach storeroom built into the walls, Mr. Silver created a chapel with antique crosses and candles, he said.
Mr. Silver bought the property for $2.2 million in 1998, and spent five years building a house inspired by his yearly travels to Capri in Italy, he said. He declined to say how much he spent on construction but said it was substantially more than the original budget of $3 million. Due to its size and proximity to the water, it is unlikely the house could be replicated under current building codes, said listing agent Rob Giem of Compass.