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SoCal Palazzo With Sea-Facing Formal Gardens Asks $38.8M

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Location: Laguna Beach, Calif.
Price: $38,888,888
The Skinny: We kick off this special Outdoors Week 2014 edition of House of the Day in Laguna Beach, Calif., with a massive hilltop Italianate palazzo overlooking the upscale beach city and the Pacific Ocean. The manse itself is an impressive seven bedroom, 17,000 square-foot hulk, but the extensive grounds are where the home really shines. Sitting on a double lot of nearly three acres, with a terraced series of formal gardens that lead down from the house to the grounds, there's plenty of room for a massive lawn that's perfect for weddings or dancing and drinks. A balustraded promenade juts out from the house towards the ocean, with a water feature running down the center and a set of stairs that leads down to a sitting area practically designed for watching the sunset. Below the promenade, there's a pool with a glass-enclosed cabana and a grotto (there's always a grotto) with a waterfall. It's asking $38.8M.

· 1330 Moorea Way, Laguna Beach, Calif. [Estately]
· All House of the Day posts [Curbed National]