Laguna Beach, Ultra Luxury Real Estate on the Sand

Even in the realm of multi-million dollar properties, there is separation between luxury, and ultra luxury. Let's take a look at who and how people pursue these properties.

First, it can be said that it is not hard to find a single family home in Orange County that is around the Million dollar mark, in fact it is getting more common. I have clients who may have owned a home for the past several years that is now worth over a million dollars. They are now looking to sell that home, and use the proceeds from the equity to jump into the luxury market. I'm just going to say that right around the 2 Million dollar mark, is really where I start to see the higher quality on finishings, larger floor plans, and highly desired locations. Of course there exceptions to all of this, but it is useful to get an idea of the stratifications of quality and location of property available. In the range of high 2 Million dollar housing in Orange County, and past the threshold of 3 million dollars, you start to see properties that have a near-premium location, premium finishings, and a variety of floorplan and square footage. By near-premium location, I mean very close to the coast, or perhaps some highly desired area.

From the 3 to 5 million dollar range, there are various trade-offs that work within the near-premium location, premium finishings, higher square footage. Above 5 million, you can expect exquisite quality properties, that have fewer qualified buyers.