# Developers swarm on $2.9M California home that almost fell into the ocean

- URL: https://talkfuse.com/story/developers-swarm-on-2-9m-california-home-that-almost-fell-into-the-ocean/
- Published: 2026-11-09T18:45:39+00:00
- Updated: 2026-11-09T19:53:19+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/09/real-estate/long-beach-mansion-nearly-swept-into-ocean-draws-new-buyers-at-2-9m/
- Topics: Software, Technology, World

## Key points

- Storm damage cut the mansion’s asking price to $2.9 million.
- Developers have shown interest, with two offers reported.
- California faces significant coastal erosion risks by 2100.

## Summary

A Long Beach mansion that was badly damaged when Tropical Storm Rachel threatened to sweep it into the ocean has drawn fresh interest from developers. The property was initially listed for $4.95 million, but after officials red-tagged it, it was relisted for $2.9 million, attracting buyers who may see an opportunity to rebuild or salvage parts of the home.

The four-storey, 4,880-square-foot house has four bedrooms, six bathrooms, a wine cellar and a private lift. Its agent says two developers have made offers and estimates that 70% may be salvageable, although the listing describes it as land value and one of its two foundations is cracked. California’s climate assessment projects sea levels could rise by about 3.1 to 6.6 feet by 2100, with 24% to 75% of the state’s beaches potentially disappearing seasonally or permanently without intervention.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.