‘One signature away’ from being sold, this mansion was among 20 homes destroyed in Coastal Fire

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The 10,000-square-foot mansion that “burnt to a crisp” in the Coastal fire was “one signature away” from being sold, says the listing real estate agent. Now, that deal literally is up in smoke.

The unidentified owner, who has another home in Canada, watched helplessly from abroad as security cameras showed the fire’s approach and ultimately the home’s demise.

The mansion, listed for just under $10 million, was perhaps the priciest of 66 houses in the gated, ridgetop Coronado Pointe neighborhood with ocean views.

Fire officials said 11 homes were damaged and 20 were destroyed by the swift-moving wildfire that overtook the Laguna Niguel neighborhood west of Crown Valley Parkway.

Prices for the fire-damaged homes along Coronado Pointe ranged from $2.85 million to $9.61 million, and averaged just under $4 million, according to the most recent Zillow “Zestimates” of home values. The mansion on the cul-de-sac at the north end of the block had been listed for sale at just under $9.9 million.

Most of the homes ranged from 4,000 to more than 6,000 square feet. It’s impossible to find homes of that size for those values in nearby Laguna Beach.

Home are destroyed after the Coastal Fire moved through Laguna Niguel, CA, on Thursday, May 12, 2022. At least 20 homes were destroyed when the brush fire ripped through the coastal Orange County community. (Photo by Jeff Gritchen, Orange County Register/SCNG) 

“It’s a very exclusive neighborhood, … very quiet,” said Leo Goldschwartz, the Newport Beach real estate agent who was selling the palatial, French-designed mansion at the north end of the neighborhood. “It’s an under-the-wire, luxury community that’s little-known.”

Future plans devastated

The original gated, one-street community of Coronado Pointe dates back to the late 1980s, when a partnership called Coronado Pointe L.P. launched construction, according to news clippings. Most of the homes were built by the original developer, but six at the north end were custom homes built later.

The custom-built mansion at the north end of the block was the crown jewel of Coronado Pointe, with an elegant motor court out front, twin wings thrusting toward the canyon and a curving back wall overlooking the pool, a golf course and Aliso Beach in the distance. The home was built in 1999, designed by a French architect with Feng Shui sensibilities, Goldschwartz said.

“It’s a very special property. You cannot duplicate that home,” the agent, who works for Compass real estate, said. “The house had separate wings. The adults went one way, the kids went another way. … It was like a palace. The house was a really beautiful home. The finishes were impressive.”

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