They bought this Laguna Beach home for $16 million and spent $20 million rebuilding it. It is now listed for $112 million

An oceanfront estate in California's prestigious Laguna Beach has entered the market with a staggering $112 million asking price after its owners transformed it through an extensive multimillion-dollar renovation. According to an exclusive report by The Wall Street Journal, David and Holly Wilson purchased the property for around $16 million in 2001 before investing approximately $20 million to rebuild and modernise the home, creating one of the most extraordinary residences on the Orange County coastline.

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