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Financier Evan Stone Acquires $25M Laguna Beach Mansion

Mortgage financier Evan Stone has purchased a stunning 7,600-square-foot mansion in Laguna Beach’s exclusive Emerald Bay neighborhood for a whopping $25 million. The off-market deal represents one of the largest amounts ever paid for an Emerald Bay property without direct beach access. The estate, located at 145 Emerald Bay, was previously owned by Raymond and Maria Francis, parents of “Girls Gone Wild” founder Joe Francis.

A Glimpse of the Luxury Villa

The Francis couple acquired the gated Emerald Bay property in 1996 for $2.2 million and subsequently demolished the existing house to build a two-story residence in 2007. The luxurious villa offers breathtaking views of the bluffs and the Pacific Ocean, making it a perfect retreat for the affluent. The five-bedroom, seven-bathroom home features high coffered ceilings, custom millwork, ornate stair railings, hand-crafted chandeliers, and clerestory windows, according to the Robb Report.

Additional amenities include two wood-paneled offices, a wine-tasting room, wet bar, screening room, and a gym equipped with a sauna. The home boasts formal living and dining rooms, a gourmet kitchen, butler’s pantry, and a breakfast nook. The master bedroom comes with a fireplace, sliding glass doors that open onto an ocean-facing patio, a walk-in closet, and a spa-inspired bathroom. The beautifully landscaped grounds feature terraces, a fountain, built-in barbecue, and a putting green.

About Evan Stone

Evan Stone, the CEO of Champions Funding, is a prominent figure in the world of finance. In addition to co-founding Champions, a provider of non-traditional mortgage loans, Stone also serves as the chairman of Community Savings Bank, based in Chicago. Stone’s professional endeavors extend beyond finance, as he co-owned Rep 1, a sports agency for pro athletes like Los Angeles Rams receiver Cooper Kupp and Detroit Lions quarterback Jared Goff. The agency was recently acquired by Excel Sports Management. Last summer, Stone bought a smaller home in Emerald Bay for $8.5 million.

Other Notable Emerald Bay Transactions

In September, a retired Pimco executive sold a 3,900-square-foot beachfront home in Emerald Bay to a likely “Baywatch” actor for $43 million, in another off-market deal. In August of last year, a 4,900-square-foot spec house in Emerald Bay sold for $43.5 million.

Orginal article: Link To Article – provided by Kansas City Realtors