Orange County Register

We ran a story at ocregister.com on Tuesday about Bravo TV’s “Flipping Out” star Jeff Lewis, the L.A. real estate investor, and mentioned the $2.3 million house that he almost flipped. As fans of the show know, he’s now living in the house as he waits out the market. 

So what do you get for that $2.3 million? Let’s have some fun and compare that house with a couple that are priced within bargaining range of that amount in Huntington Beach.

This is the first in a series we’ll do on how Surf City homes stack up with interesting houses elsewhere.  

Take the poll, below!

First, the Flipping Out house. CLICK on photos to get a better look:

From the listing: 

Up a pvt & gtd drive on one of Los Feliz’s few gtd streets sits this designer’s own home which has been published & widely recognized for its clean lines & renovated open spaces. Dntwn Hollywood to ocean views. Master suite w/custom walk-in closet, 3 add’l bdrms, & 3.5 stunning bths. Venetian plaster accents, Viking & Subzero kit, Ann Sacks baths, Fleetwood drs, windows. New elec, plumb, pool/spa, 2-zone HVAC, roof, comprehensive security & audio systems. 3 car garage & add’l off-street parking.

More details:

• Location: 5731 Valley Oak Drive
• Asking price: $2,295,000
• 4 bedrooms
• 3,024 square feet  
• Price per square foot:  $759
• Lot size: 0.28 acres

The home was listed at $3.1 million last year, then at $2,695,00  in April. The price has dropped 4 times since then, according to Redfin. The property was picked up for $1,710,000 in March, 2007. 

Here are 2 homes in Huntington Beach that are closest to that asking price. 

From the listing:

Hilltop ocean view from this luxurious tropical paradise located in The Bluffs  at Nautical North, 4200+SF 2 story home on a 9300+SF lot with views of the ocean, Palos Verdes, mountains, wetlands and beautiful sunsets! On a quiet Cul-de-Sac on prestigious Edwards Hill approx. 1 mile from beach, 4BR + office (opt 5th BR), 4.5BA (1BR/1BA dn), a huge kitchen/family room w/granite & large center island, custom hrdwood floors …Huge master suite with retreat. Incredible custom Italian tiled Infinity pool with tiled sea life and waterfall. Over $600k spent in pool and landscaping, front & back.

More details:

• Location: 6475 Marigayle Circle
• Asking price: $2,199,000
• 4,268 square feet 
• Price per square foot: $515
• Lot Size:  9,360 square feet 
• 2 stories 
• Year Built: 2003 

The home was listed in June, 2008  for $2,799,000. The price has dropped 6 times since then. The amount it was listed for before June 2008 was not available. Redfin shows it sold for $1,508,000 in 2003.

And …

From the listing:

Extremely rare opportunity to purchase one of the largest lots on the golf course with over $500,000 in first class upgrades in the ocean close guard-gated community of The Peninsula. Resort paradise with sparkling beach entry pebble-tec pool & spa with rock water falls, firepit, gazebo, and large built-in bbq center with seating, sink and refrigerator.Original model & extremely open, entertainers floorplan all remodeled with 3150 square feet of living space with 4 bedrooms + wine cellar+family gathering room. Stunning upgrades through out  … Gourmet beveled edge granite kitchen,stainless steel appliances,seating bar & brkfst nook.

More details:

• Location: 19452 Beckonridge Lane
• Asking price: $2,385,000
• Price per square foot: $757
• Lot Size:  9,385 square feet 
• 2 stories
• View: Golf Course
• Year Built: 1998 

The house was listed at $2,985,000 in March, 2008. It’s had 4 price drops, Redfin shows.

So, what do you think?

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Whatever your view, expand on it in the comments!

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