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4512 Roxbury Road
Corona Del Mar, CA 92625
Steven Sergi with VALIA Properties, original listing - (949) 673-0789
$16,250,000
Conventional
Property
Bedroom
4
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
6855 Square Feet
Property Description
Located in the prestigious beachside community of Cameo Shores in Corona del Mar, this impressive residence presents nearly 6,900 square feet of private living space on an elevated parcel of over 12,000 square feet. Behind the gated entry, reveals a warm and welcoming floor plan complemented by a private outdoor oasis with a sparkling pool, relaxing spa, firepit and several seating and dining vignettes. The abundance of space is felt throughout the residence, with voluminous ceilings and natural light permeating through walls of glass. Ocean views are experienced and enjoyed by the south-facing patio and adjacent living and dining rooms. The culinary kitchen with a fifteen-foot island is a central gathering space for the home, harmonizing living, dining and outdoor spaces. A secondary kitchen & bar provide convenient service to the central pool space, while an ideally placed media room with bi-fold doors extends the indoors to outdoors. Interior finishes are elegant while providing a subtle palette of textures. Solid wood flooring anchors the natural stone countertops, custom wall coverings accent the cabinetry, sophisticated lighting, and automated window shades & curtains functionally finish ease of living. The home is equipped with full home automation by Control4 which manages lighting, audio/visual, heating & air, shades and security. The main level primary suite encompasses an entire wing of the home, starting with an executive office. Just beyond is the spacious primary bedroom with fireplace, additional seating and private access to the pool and spa is discovered. Dual vanities, custom cabinetry, a stone & glass shower, and tub thoughtfully detail this tranquil space. A perfect finale to the primary suite is a closet featuring a center island with dual-sided drawers and enclosed wardrobes. The functionality of this home is further exemplified with four-bedroom suites and two powder bathrooms. Additionally, enjoy a subterranean level with a 4-car garage, wine cellar, full bathroom, and a state-of-the-art movie theater with entertaining bar. A rarely found rooftop deck is a rare perk in Cameo Shores, offering breathtaking panoramic ocean views. Cameo Shores affords gated beach access to three neighborhood beaches and Crystal Cove State Beach, along with a short stroll to countless amenities, shops and restaurants along PCH.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2015
MLS Number
--
Location
Address
4512 Roxbury Road
City
Corona del Mar
State
CA
Zip Code
92625
County
ORANGE (SOUTH)
Listing
Name
Phone
(949) 292-6545
Office Name
Office Phone
(949) 673-0789
Agent Name
Steven Sergi
Agency Phone
(949) 673-0789

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.