San Clemente home hit the market at $4.2 million, and then, four days later, it was reduced by $1.3 million. So now it's $2.9 million. The place is not huge - 3 bedrooms, 2 baths, 2,817-square-feet - but as you can see from the picture, there's also an ocean view. OC Register notes that the home last sold in 1999 for - are you sitting down? - $450,000.
More by Mark Lacter:American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed