Laguna Beach home linked to timeshare mogul Stephen J. Cloobeck seeks $39.7 million – Orange County Register
A Laguna Beach home linked to Las Vegas timeshare mogul Stephen J. Cloobeck has hit the market for $39.7 million.
The five-bedroom, 9,305-square-foot contemporary style enjoys a front-row position at the Montage Laguna Beach resort as one of 13 private homes with concierge, housekeeping, and room service access.
Documents consulted on PropertyShark.com Cloobeck bought the property for $10.5 million in December 2007 – the same year he founded the Las Vegas-based timeshare company Diamond Resorts International. He then transferred ownership to an LLC co-managed by his now ex-wife.
Built on a one-third acre lot in 2010 and recently renovated, the home features a floating staircase topped by a large skylight that illuminates the two-story interior.
The home features a spacious living room with a modern glass fireplace, temperature-controlled wine wall, and designer kitchen with high-end appliances, stainless steel pantry, and Dacor wine station.
Glass walls open the interior to outdoor spaces adorned with a new glass fireplace, outdoor shower, and kitchen with a built-in Viking grill, ice maker, refrigerator, and Kalamazoo pizza oven .
The pool and spa are directly accessible from the master suite.
There is a gym, home cinema and access to an outdoor courtyard with a one-story waterfall.
Other amenities include a game space, deluxe home office center and glass-enclosed wine cellar.
A three-car garage with epoxy flooring adds to the list owned by John Stanaland of Villa Real Estate and his son, Tyler Stanaland of The Oppenheim Group and the Netflix series “Sell CO.”
Cloobeck resigned as President and CEO of Diamond Resorts in 2016 when Apollo Global Management, LLC bought it for $2.2 billion in cash. He has appeared twice on CBS’s “Undercover Boss” and once considered a candidate for governor of Nevada.
In a 2012 article detailing his high-profile breakup with a Canadian model, Cloobeck – a prominent Democratic donor –told Vanity Fair he played golf with Barack Obamashares with Joe Biden and regularly chats by phone with Nancy Pelosi.