Basketball great Magic Johnson has paid $7,600,000 for a newly built, 7,764-square-foot mansion on Monarch Beach in Dana Point, Calif., which is south of Los Angeles, in Orange County.


Last Sunday, the Los Angeles Times' Ruth Ryon broke the story of Johnson buying the three-story, Mediterranean-style house, which is at 74 Ritz Cove Drive in Dana Point. In Ryon's column, Johnson's agent characterized the house as a 'vacation home,' ostensibly to complement Johnson's primary residence, which is a seven-bedroom, 12,169-square-foot mansion on 4.283 acres at 12 Beverly Park Drive in the Beverly Hills, Calif. postal area.




The five-bedroom house in Dana Point has seven baths, a living room opening to a loggia, a deck, a wine cellar, a home theater, an elevator, a pool, and views of Catalina Island, the Pacific Ocean and the coastline, according to listing information and the Times. The mansion originally had been listed for $8,195,000 and later was reduced to $7,795,000.

Check out an online listing sheet for Johnson's new house -- complete with photos -- here