Hot Property: Carson Palmer sells his Laguna Beach digs at a loss for $2.3 million

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NFL quarterback Carson Palmer has sold his four-bedroom, five-bathroom Laguna Beach home for $2,365,000.

The 2002 Heisman Trophy winner from USC, now with the Cincinnati Bengals, bought the 4,380-square-foot, ocean-view house for $2.85 million in 2004. Not even considering commissions and closing costs, that’s a 17% reduction from what he paid for the hillside home.

For what it’s worth, during the first quarter of this year, 30 existing single-family homes sold in the 92651 ZIP Code, according to MDA DataQuick, at a median price of $1,090,000. The was down 38% from the first quarter of last year.

--Lauren Beale

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