The recent sale of a Spanish-style mansion at 7 Searidge for $16.3 million has set a new residential record in Laguna Niguel, surpassing the previous high of $15 million from 2014. Listed by Phillip and Michael Caruso, this property achieved an astounding price-per-square-foot of $1,993, far exceeding previous benchmarks in the area. Designed by Spectrum Architecture and built by Elevated Building Group, the home features six bedrooms and is located a few miles from the beach. This sale highlights the luxurious market dynamics in Laguna Niguel, which traditionally sees lower prices compared to coastal markets.
The closing of 7 Searidge at $16.3 million establishes a new record for Laguna Niguel, showcasing a price-per-square-foot that signifies luxury market trends.
Phillip Caruso emphasized the significance of the sale, stating, 'To be the highest ever in any size home is a testament to the quality, design, build, style and marketing of this home.'
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