This beautiful oceanfront Irvine Cove home was built in 1976 and struts a private walkway directly to the beach! With the hefty price tag of $29.5 Million this 5,500-square-foot house is very well-maintained and livable and sits on more than a third of an acre!
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An oceanfront Irvine Cove home for sale at $29.5 million was owned by the co-developer of the Holter Monitor, a widely used portable device for monitoring heart activity.
Built in 1976, the 5,500-square-foot house is one of just five homes directly above the sand in the guard-gated Laguna Beach community. The home, with 123 feet of ocean frontage, boasts a private path to the beach.
The Spanish Hacienda-style residence, at 2471 Riviera Drive, includes five bedrooms, a great room with vaulted beam ceilings, fireplace and a bar, a formal dining area, family room and a remodeled kitchen.
The home has been kept up through the years, but it is dated, said Natalie Raney of Villa Real Estate.
“The future buyer will likely either tear down and rebuild or do an extensive remodel,” said Raney, who is co-listing the house with Steve High of Villa.
“A nice feature, though, is that it is very well-maintained and livable in the event the future owner wanted to live there prior to any construction beginning,” she added.
The property sits on more than a third of an acre, with mature palm trees and gardens.
The home is being sold by the family of Bruce Del Mar, who died last year at the age of 100.
Del Mar, along with Norman “Jeff” Holter, developed the Holter Monitor in the mid-1960s. Del Mar’s company was the first to commercially produce the device.
Before that, Del Mar was an aeronautical engineer who developed a common method for pressurizing commercial aircraft cabins.
Some of Del Mar’s work has been on display at the Smithsonian Institution.
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