They bought this Laguna Beach home for $16 million and spent $20 million rebuilding it. It is now listed for $112 million

David and Holly Wilson bought a Laguna Beach oceanfront estate for $16 million in 2001.

They invested approximately $20 million in a two-year reconstruction, including over $3 million on underground steel and concrete reinforcements to protect against coastal erosion.

The rebuilt home spans 14,400 square feet with six bedrooms, and extends beyond current building lines due to pre-Coastal Commission regulations, allowing rooms to hover over the ocean.

The estate is listed for $112 million, aiming to set a residential sales record for Orange County.

The owners are selling because they have relocated and no longer need the large home.