There are many terms that are solely related to real estate and often are not understood by the general public. The term pocket listing is generally understood but sometimes confused on how it actually works. There are two forms of pocket listings with a brief explanation here. First, a pocket listing is a home that is not on the open market for sale but the owner has told one or more agents that he would be willing to sell at the right price. The property is not on the open market but communicated between real estate agents and there potential buyers. One type of pocket listing is where the agent has a signed agreement with the owner to be the exclusive agent but for some reason doesn't want the home on the multiple listing service. This can be for a variety of reasons but only one agent is involved in selling the home. The other popular form of a pocket listing is where the owner has told multiple agents about the property and their willingness to sell the home. No written agreements has been signed and whoever brings in the buyer first gets to sell the home.
One of the latest pockets listings in Laguna Beach that is being marketed by several agents but not on the open market for sale is the famous "Rock House." The oceanfront estate is located directly on the sand near Aliso Creek Beach and built buy famed architect Brion Jeannette. The property has a very unique flare and may not be suitable to everyone, especially a large family since the home features 3,000 square feet on two levels. Some of the features that can be found in this home includes high ceilings, 800 bottle wine cellar, billiards room and home theater. The home has a patio deck that is private yet is located next to the sandy beach with an upstairs view deck that overlooks the crashing waves. The gourmet kitchen offers high end appliances, and Terrazzo stone flooring. The home is privately being offered at $8,500,000 and shown by appointment only. Please contact us at 949-355-1622 for more information on this oceanfront opportunity.