Oceanfront Contemporary Home
In California's Laguna Beach

What: Six bedrooms, seven full bathrooms in 10,000 square feet on more than an acre.

Where: Laguna Beach, Calif., in Orange County about 50 miles south of Los Angeles.

Amenities: Five fireplaces, pool, 190 feet of ocean frontage, media and exercise rooms, elevator, six-zone air-conditioning system

Asking Price: $26.5 million

Opening Bid*: $25.1 million

Listing Agents: Dave Schaar, Prudential California Realty, 949-494-8906

Due Diligence: This contemporary beachfront property sits on a cove in Rockledge, an area of expensive waterfront homes. Much of the house's interior is made from teak, including doors, floors, kitchen cabinets and planked ceilings. All bedrooms are en suite and have ocean views, and the master bedroom includes a private terrace, dual bathrooms and dressing areas. A pool house includes a large sauna, full bathroom and butler's kitchen with refrigerator, ice maker and granite counters. The grounds include patios, fountains, a reflecting pool and several waterfalls. The kitchen has granite counters and a retractable window that opens to water views. Owner Fred Siegel, 76 years old, who's had a career in the vitamins-and-food-supplements industry, says that in 1995 he paid $7.5 million for the three-level house, built in 1986.

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