Retired Hollywood investor Gordon Crawford has relisted a cliffside home in Dana Point’s exclusive Monarch Bay for $39 million, or $7 million less than its initial asking price.
The former executive at Los Angeles-based Capital Research and Management and his wife, Dona, dropped the price of the 7,700-square-foot oceanfront house at 63 Monarch Bay, the Orange County Register reported.
If the home can fetch the new asking price, it would still break its own home sales record for the priciest residence in Dana Point.
The Crawfords bought the four-bedroom, six-bathroom estate in 2022 for $33 million, a local record. In October, they listed the house for $46 million.
The contemporary home, built in 2019, has an open floor plan that flows outdoors through floor-to-ceiling Fleetwood sliding pocket doors. Floor-to-ceiling glass walls provide sweeping ocean views.
Brokers Todd Davis and Samantha Nugent of Compass hold the listing.
“It gives you utter privacy with the crashing seashore below,” Davis told the Register. “You can see whales going by and porpoises playing in the waves. It’s right next to Salt Creek, and there are always surfers, so it gives a lot of visual stimulation.”
The 0.4-acre bulkhead lot has 84 feet of ocean frontage. Steps down the bluff lead to a patio with built-in seating and a fire pit.
The house comes with access to a private beach club managed by Waldorf Astoria Monarch Beach Resort. It has Zimbabwe black granite countertops, Armani stone hearths, a minimalist Boffi kitchen and a soaking tub with ocean views.
The Crawfords revamped the property, including the primary bathroom and bedroom. They also converted the wine cellar into an office, with a bookcase wall of walnut and Austin stone inlay. Extra zones were also added to the HVAC system to cool the house as needed.
Highlights include an inner courtyard with a pool, hot tub and barbecue area and a large ocean-facing balcony off the living room and kitchen.
The home is one of two properties the Crawfords bought in Monarch Bay for a combined $53 million, including a $20 million home for their son’s family a half-mile away, according to the Register. In December, the couple paid $32 million for another Monarch Bay home two doors down from their son.
Crawford, 77, is the former senior vice president of Capital Research and Management, a unit of Capital Group Companies. He retired in 2012, and now serves as chairman of the U.S. Olympic and Paralympic Foundation.
— Dana Bartholomew
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