42-Acre Property in Orange County Includes Avocado Farm and Citrus Grove

  • 42-acre California estate with plans for a 38,000-square-foot mansion and two guesthouses listed for $150 million
  • Property owned by the Maurer family since the late 1970s
  • Land includes an avocado farm and citrus grove, agave plants
  • View of homes built by Robert Maurer, the property’s owner
  • Legal battle over ridgeline development in the 80s and 90s
  • Permit for subterranean garage still open
  • San Juan Capistrano community popular for equestrian activities

The 42-acre estate in San Juan Capistrano, California, owned by the Maurer family since the late 1970s, is now on the market for $150 million. The property includes plans for a 38,000-square-foot mansion and two guesthouses, an avocado farm, citrus grove, and agave plants. The land has been mostly vacant due to legal battles over ridgeline development in the 1980s and 90s. The property offers a view of homes built by Robert Maurer, who owned the land. Listing agents John Stanaland, Bradley Feldman, and David Stoll of Douglas Elliman are handling the sale.

Factuality Level: 6
Factuality Justification: The article provides accurate and objective information about the history of the property and its current status, including details about the legal battles, the family’s plans for the land, and the current market conditions in San Juan Capistrano. However, it includes some tangential information and personal anecdotes that may not be essential to understanding the main topic.
Noise Level: 6
Noise Justification: The article provides information about a luxury estate and its history but does not offer much in terms of analysis or insightful commentary on broader trends or implications. It focuses primarily on the property itself and the family’s story, with some mention of local real estate market trends.
Private Companies: Douglas Elliman
Key People: Joe Maurer (Property Owner), Robert Maurer (Retired Home Builder), Irma Maurer (Property Owner), John Stanaland (Listing Agent), Bradley Feldman (Listing Agent), David Stoll (Listing Agent)

Financial Relevance: Yes
Financial Markets Impacted: Real estate market in San Juan Capistrano, California
Financial Rating Justification: The article discusses the sale of a luxury property in Orange County, California for $150 million. This can impact the local real estate market and potentially affect the prices of similar properties in the area.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.wsj.com