A $19 million vacation home? Only a rarefied few can swing that type of transaction. And only a precious few locations are worth it.
But billionaire Mark Cuban‘s recent purchase of a seaside mansion in Laguna Beach, CA, ticks all the boxes.
While he’s based in the Dallas area, Cuban is frequently on the West Coast shooting episodes of “Shark Tank.” It’s likely he and his family will get some serious use out of the six-bedroom, 10-bath, contemporary stunner in the elite Montage Residences.
Ever the deal-maker, the Dallas Mavericks owner scored the estate for well under its asking price. Located in one of Orange County‘s most prestigious enclaves, the mansion initially went on the market in January 2018 for $26 million.
“The Montage Residences are perfect for the discriminating buyer. All owners have access to multiple amenities from the adjacent Montage Laguna Beach,” says listing agent John Stanaland of Villa Real estate.
Amenities include housekeeping, access to a posh spa, room service from the hotel’s restaurants, and concierge services. There’s also engineering support in the unlikely event that anything goes wrong in the house.
Homeowners also have access to the Montage’s Mosaic Pool, just in case they want to mingle with other folks instead of using their own private pool.
“The home has an impressive wine cellar, media room, and a gym,” says Stanaland. “There’s also a beautiful indoor-outdoor space for enjoying the best of Southern California living with breathtaking ocean views.”
Cuban founded Broadcast.com, which made him a billionaire when it was acquired in 1999 by Yahoo! for $5.7 billion.
Now 60, he’s diversified his holdings, investing in companies such as Landmark Theaters and Magnolia Pictures, in addition to the Dallas Mavericks. He’s also busy funding new ventures he learns about on the popular entrepreneurial reality show “Shark Tank.”
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