Fred Segal: One House Down, One to Go
The penthouse unit owned by high-end clothing retailer Fred Segal just fetched $3.3 million when it sold -- not quite the $4.995 million Segal was hoping for when he listed it in March 2010. Segal is still trying to sell off his Malibu home, a 6,000-square-foot mansion behind guard gates.
The 1,902-square-foot Laguna Beach penthouse is in the Laguna Royale complex along the Coast Highway. It's a one-level unit with three bedrooms and a large wraparound deck that maximizes ocean views and outdoor living. The 78-unit complex has a pool, spa, gym and 24-hour guard. The unit had been available for a six-month minimum lease at $11,500 a month.
It was listed with Suzanne Robinson of P.C. Properties.
In Malibu, Segal has listed his Serra Retreat Spanish-style estate at $8.95 million. The home has five bedrooms, a fab-u-lous kitchen and is pretty much an overall head-turner as far as homes go -- but the real beauty comes in the half-acre grounds. It's got a terrific pool and outdoor living room that is begging for a sophisticated party to be thrown. Hope we're invited.
Chris Cortazzo of Coldwell Banker, Malibu, has the listing.
See more California homes for sale in Malibu and Laguna Beach on AOL Real Estate.
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