They bought this Laguna Beach home for $16 million and spent $20 million rebuilding it. It is now listed for $112 million

(Laguna Beach Coastline in Orange County, California) Image Credit: Canva An oceanfront estate in California's prestigious Laguna Beach has entered the market with a staggering $112 million asking price after its owners transformed it through an extensive multimillion-dollar renovation. According to an exclusive report by The Wall Street Journal, David and Holly Wilson purchased the property for around $16 million in 2001 before investing approximately $20 million to rebuild and modernise the home, creating one of the most extraordinary residences on the Orange County coastline. A complete transformationPerched on roughly 1.02 acres overlooking the Pacific Ocean, the estate spans approximately 14,400 square feet and includes six bedrooms. The property was originally built in the 1970s by financier Boyd Jefferies and his wife, Sharon, but had reportedly remained largely unused for several years before the Wilsons acquired it.Rather than making cosmetic upgrades, the couple embarked on a two-year reconstruction project that significantly reimagined the residence. One of the biggest engineering challenges involved reinforcing the cliffside property to meet modern building standards wh...