An oceanfront estate in California's prestigious Laguna Beach has entered the market with a staggering $112 million asking price after its owners transformed it through an extensive multimillion-dollar renovation. According to an exclusive report by The Wall Street Journal, David and Holly Wilson purchased the property for around $16 million in 2001 before investing approximately $20 million to rebuild and modernise the home, creating one of the most extraordinary residences on the Orange County coastline.