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    Joe Francis’s Parents Quietly Sell Their Ocean-View Mansion in SoCal for $25 Million

    Though it was never officially on the market, a lavish Laguna Beach residence long owned by businessman Raymond Francis and his wife Maria, the parents of Girls Gone Wild founder Joe Francis, has sold to a neighbor for $25 million, a large number for Orange County’s guard-gated Emerald Bay enclave and among the biggest sums ever paid for an Emerald Bay home without direct beach access.

    Records show the buyer is veteran mortgage lender/entrepreneur Evan M. Stone—cofounder and CEO of Champions Funding, a provider of non-traditional mortgage financing services—who also purchased a smaller Emerald Bay home last summer, paying $8.5 million. Stone also serves as chairman of Community Savings Bank, as well as a co-owner and partner of Rep 1, a sports agency for pro athletes such as Los Angeles Rams receiver Cooper Kupp and Detroit Lions quarterback Jared Goff that was recently acquired by Excel Sports Management.

    The Francises paid $2.2 million for the Emerald Bay property some 27 years ago, back in May 1996, before completely leveling and rebuilding an existing home on the site. Completed in 2007, and resting on a nearly quarter-acre parcel, the resort-like abode features five bedrooms and seven baths spread across almost 7,600 square feet of two-level living space overlooking sweeping views of the Pacific coastline and surrounding bluffs.

    Upon entry, a glamorous living room is warmed by a floor-to-ceiling fireplace and crowned with a massive chandelier.

    Once inside, the interiors are decked out with high coffered ceilings, bespoke millwork, ornate stair railings, hand-crafted chandeliers and clerestory windows. Posh amenities range from two wood-paneled offices and a wine-tasting chamber, to a seated wet bar, screening room and sauna-equipped gym.

    Additional highlights include formal living and dining rooms, plus a gourmet kitchen outfitted with custom cabinetry, stone countertops, a center island, top-tier stainless appliances, a butler’s pantry and an accompanying breakfast nook. There’s also a sumptuous master retreat, which sports a fireplace, sliding glass doors opening to a private ocean-facing patio, a walk-in closet, and spa-inspired bath boasting dual vanities, a dressing area, soaking tub and separate shower.

    Several rooms in the house open to terraces offering up picturesque ocean vistas.

    Outdoors, the landscaped grounds host numerous terraces adorned with fire features, along with a fountain, built-in barbecue and putting green. Rounding it all out: an attached two-car garage, plus an $8,200 annual HOA fee allowing Emerald Bay residents access to a private beach, junior Olympic-size pool, tennis courts, parks and playgrounds.

    The listing was held by Tim Smith of Coldwell Banker Realty; Maura Short and Michelle Cormier of Compass repped the buyer.

    Click here for more photos of 145 Emerald Bay. More

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    ‘The Mandalorian’ Creator Jon Favreau Adds Fourth L.A. House to His Portfolio

    Two years ago, Jon Favreau spent nearly $25 million to buy a palatial house in Laguna Beach. But that doesn’t mean the the prolific Hollywood multi-hyphenate is abandoning his longtime main residence in Los Angeles, where he owns three side-by-side houses in the seaside town of Santa Monica.

    On the contrary, Favreau is again expanding his Santa Monica footprint. Records show he acquired his three current properties from three different sellers in three separate transactions: the first in 2002, the second in 2005 and the third in 2021, for a total outlay of $6.9 million. Now he’s added a fourth residence into the mix, splashing out an additional $6.8 million to buy the property adjoining his current estate.

    The $6.8 million residence was built in 2023 and never officially listed for sale.

    While all three of his first homes are Spanish- or Mediterranean-style structures built decades ago, this fourth one is different. Bulky, boxy and ultra-contemporary, the two-story smart home was completed just this year, and built on speculation. Unfortunately, the house was never on the market, so photos and details are scant. But aerial photos reveal there’s a patio and grassy lawns out back, plus a swimming pool and a detached garage and cabana.

    This latest acquisition gives Favreau a contiguous four-house compound that spans two-thirds of one flat acre, a lot of space for the tightly-packed town of Santa Monica.

    The four-house estate, set on a leafy street in prime Santa Monica.

    Favreau, 56, is perhaps best known today as an actor who’s starred in numerous Marvel Cinematic Universe blockbusters (Avengers: Endgame, Spider-Man: No Way Home, the Iron Man franchise), but he also directed and produced the recent remakes of The Lion King and The Jungle Book, and is the creator of The Mandalorian series on Disney+. The New York City native got his professional start in indie films during the 1990s; notable works included 1996’s Swingers and 2001’s Made. Per various reports, his net worth exceeds $100 million.

    Besides their expanded Santa Monica compound and relatively new Laguna vacation home, Favreau and longtime wife Joya Tillem also maintain a $5 million property in L.A.’s Venice neighborhood, which is reportedly used as offices for Favreau’s Fairview Entertainment production company. More