A Rare Coastal Compound in SoCal’s Orange County Just Hit the Market for $50 Million

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Long owned by Pacific Physicians Services co-founder Gary Groves, the 4-acre oceanfront spread in Laguna Beach has 320 feet of beach frontage.

A seaside compound that’s been inhabited by the same family for nearly three decades has popped up for sale in the Paradise Cove neighborhood, just north of Three Arch Bay, in'House of Cards' Composer Jeff Beal Lists SoCal Estate for $4 Millionby retired doctor Gary Groves for a mere $5 million back in November 1996—not too long after the Redlands-based Pacific Physicians Services group he co-founded was acquired by the physician-management firm MedPartners/Mullikin Inc.

Coming in at nearly 4 acres, the Laguna Beach compound features 11 parcels of land behind gates off South Coast Highway.

 

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