From the OCRegister on May 23rd 2016, By JONATHAN LANSNER / STAFF WRITER:
"One reason it’s called the Golden State: A new study says 15 of the 20 wealthiest large cities in the nation are in California – including five from Orange County.
NerdWallet studied 475 cities with population of 65,000 or more to compile its rankings based on a broad definition of wealth: high levels of median household income, median home values, percentage of homes without mortgages and average credit scores.
Palo Alto was top-ranked with a median income of $151,370. Its homes cost a median $2.5 million, and 34 percent have no mortgage. Residents had average credit limits of $71,696.
A Craftsman built for Sunset Magazine in Ladera Ranch's Covenant Hills and inspired by the 1908 Gamble house in Pasadena is on the market at just under $3.6 million - follow the link for the MLS Listing:
Sunset's Idea House in Ladera Ranch
Set on a third of an acre, the 7,820-square-foot property has a front porch with white columns, large pocket doors and an island kitchen with a farmhouse sink. The master suite boasts his and hers bathrooms, a spa-style bath and steam shower. A soundproof home theater, wet bar and wine cellar make up the basement entertainment center. A guest studio sits above the garage.
Interior details include coffered and coved ceilings. Grounds include a swimming pool, and a full outdoor kitchen with a stone-fired pizza