Los Angeles Lakers executive and co-owner Jim Buss has added another piece to his personal roster, buying an ocean-view spot in Dana Point for $2.915 million.
The approximately quarter-acre lot sits behind gates at the Strand at Headlands, a development of luxury custom homes and sites above the beach in Dana Point. The property adjoins a half-acre lot that is also owned by the Lakers vice president of basketball operations, public records show.
In 2013, Buss paid more than $13.5 million for four home sites in the community. Among them were two to-be-completed Mediterranean-style homes, one of which was briefly on the market in 2015 for $5.995 million.
Current homes for sale in this prestigious community start at the high $8M - and the highest one listed at the time of this post is listed for $14,800,000, but we've seen homes listed for over $20M.
Strand at Headlands is located in the north end of Dana Point - part of the Monarch Beach area, that also compromises the Ritz Point Estates, Pointe Monarch, Monarch Bay and other high priced residences.