"Rock House," the most recognized home in Laguna Beach, California, has changed hands for the first time after lingering on the market for almost three years, thanks to some serious concessions from the current owner. Its sale price—$6.5 million—represents a 56% discount off the original $15 million asking price, which it came on the market in December 2013.
The house has gone through several rounds of price chops, first to $12 million in 2014, then to $9.5 million in 2015, and most recently to $8.5 million.
"It was closed last Friday," co-listing agent Seth Nelson from HOM Sotheby’s International Realty confirmed to Mansion Global. "It’s a very unique, specific home, it all comes down to finding the right buyer," Mr. Nelson said.
"Rock House" is the most architecturally significant home in Laguna Beach, and "the setting is special too," said Mr. Nelson, noting that the house sits right on the flat beachfront with direct access to the sand.
Built inside a large boulder and reinforced with concrete, the home was designed in 1996 by architect Brion Jeannette for the late software entrepreneur Dennis Morin.
Drawing inspirations from Spanish architect Antoni Gaudi, Mr. Jeannette built the house with glass walls opening up to the outdoor elements, bringing nature in and giving way to expansive ocean vistas.
The 3,000-square-foot residence has three bedrooms and two-and-a-half bathrooms. It also has a creek running through it, a round kitchen with Italian-style terrazzo floors integrated nautilus shells, and a floating ceiling cove around the living room skylight.
The property features a terrace grotto, a fire pit and an outdoor barbecue, perfect for entertaining.
After Morin passed away in 2012, His fiancée Annie Speck, an interior designer, continued living in the house.
Mr. Nelson and his business partner, Sean Stanfield, also represented the buyer, but they declined to offer details on his or her identity.
Write to Fang Block at fang.block@dowjones.com