$35 million home assessed at $3.2 million

A home currently asking $35 million in North Laguna Beach has a strange history, according to the Southern California MLS.

The home, located at 31887 Circle Drive, was listed March 17, 2006 with the following listing prices:

* $33.9 million
* $31.9 million
* $33.5 million

After 575 days on the market, the listing was canceled on October 18, 2007.

The home was listed again January 21, 2008 for $2.9 million. Then the listing expired May 21, 2008.
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