Coastal Orange County has long been known as a luxury destination for homebuyers. With its pristine, fought-over beaches and idyllic year-round climate, the area commands a high price tag for those looking to pick up property on the water.
But Orange County has never seen a home sale like this.
For the first time, the Southern California county, already home to the most expensive ZIP code in America, has recorded a nine-figure home sale. The property, a towering, multistory mansion that hugs the corner of the luxurious and gated Emerald Bay, sold recently for $110 million, according to real estate news site the Real Deal. The off-market sale obliterates the previous record of $70 million and sets up what could be a busy next few years for the high-end Orange County real estate market…