In 2020, loanDepot founder Anthony Hsieh purchased a sprawling mansion on California's Newport Coast for $61 million, setting a record for Orange County.
Six years later, Hsieh is looking to break the county record again, putting the property on the market for $125 million.
Hsieh, a Florida-based entrepreneur, started loanDepot in 2010 and returned as its CEO in 2025. He declined to comment.
The small enclave of Newport Coast is among the most expensive ZIP codes in the country. Completed about a decade ago, Hsieh's property is in Crystal Cove, a guard-gated luxury community that's one of the most coveted places to live in the region.
Listing agents Rex McKown and Marcy Weinstein of Compass said the property is so valuable because it is located on a rare double lot and has uninterrupted views of the Pacific Ocean. While the seller kept the property in good condition and made some upgrades, the price escalation speaks more to value growth in Orange County's ultra-luxury market, they said.
Weinstein said she has seen sustained activity on the high end for the past year and an influx of moneyed buyers from Los Angeles. There has been an approximately 50% increase in on-market sales of single-family homes priced at $30 million and above across Orange County so far this year compared with the same period last year, according to data from brokerage Compass.
The Orange County record is held by a property in Laguna Beach that sold for $110 million in June.
The Hsieh property spans nearly 19,000 square feet on close to an acre. The steel, limestone and concrete mansion has a stone courtyard with fire and water features, and an expansive great room that opens to the ocean, according to the listing.
Hsieh, who is also the founder and CEO of Bad Company Fishing Adventures, a global sportfishing and expedition program, has an impressive portfolio of luxury homes, including a house on Star Island in Miami Beach that serves as his primary home. A mansion he owned in Henderson, N.V., about 10 miles southeast of the Las Vegas Strip, sold for around $25 million last year, records show.
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