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At 24-years-old, Oliver Russell faced a financial reality that many young Americans can relate to — skyrocketing home prices were well beyond his reach, especially in his home state of California.
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
On the more extravagant side, he also owned a beach house in Laguna Beach, Calif., which he bought for $150,000 in the 1970s and sold for around $7.5 million in 2018.
Three Arch Bay is a 29-acre (12 ha) private gated community located in the South Laguna neighborhood of Laguna Beach, California. [ 1 ] [ 2 ] It is named for a formation of three natural arches in the rocky cliffs along the ocean.
Montage Laguna Beach has been in operation since 2003. [3] [19] Montage Laguna Beach was purchased by a Chicago real estate investment trust in 2015 for $360 million. [20] It changed ownership again later in 2015 when the REIT (Strategic Hotels & Resorts) was purchased by The Blackstone Group for $6 billion. [21]
Here's How To Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup ... Lowest price ever. See all deals. In Other News. ... 'Laguna Beach' cast reunites at 20-year high ...
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