Is a 4,900-square-foot, Mediterranean house on the ocean in a gated enclave in South Laguna Beach worth $25 million?

Bravo TV viewers may decide for themselves. When the home made its debut on the market recently, a camera crew was on hand to film the open house for “Real Estate Wars,” a “Million Dollar Listing” offshoot starring Orange County agents.

The four-bedroom home has a chef’s kitchen, bar, theater, wine cellar and elevator. Large terraces offer coastline views. A patio with a pair of firepits leads to the sand.

The open house, which homeseller Amir Khoshniyati described as a “high net-worth event,” included a fundraiser for City of Hope. Khoshniyati, who’s also involved with a couple of tech companies, said he owns other houses in Laguna Beach. He called real estate investing “a profitable hobby.”

Built in 2007, the three-story house in Lagunita is among some of the most expensive homes now listed in the city, where the median sale price in July was $1.85 million.

Two oceanfront houses in guard-gated Irvine Cove are priced at more than double the Lagunita home. An 18,000-square-foot estate that hit the MLS at $65 million in 2013 now is at $59.9 million, and a 10,000-square-foot villa is listed for $51 million.

Real estate agent Leo Goldschwartz represents the Lagunita home. He’s on luxury agent John McMonigle’s team.
At the open house/fundraiser/Bravo shoot, a bikini model flitted around on one level of the home as a bartender mixed drinks on another.

A steady stream of exotic cars delivered guests in cocktail attire.

Except for one.

Rival agent Spyro Kemble, apparently cast as the show’s trouble maker, showed up wearing an ornate black dinner jacket, along with ripped, faded blue jeans and sneakers.

“I’m ready to go,” said Kemble as he got mic’d up. “I don’t know what’s going to come out of my mouth.”
Just a hunch, but it might need bleeping.

The show is expected to air sometime early next year.