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William “Bill” McDermott was reported to be the buyer of a $43 million mansion at 2431 Riviera Drive in Laguna Beach’s Irvine Cove community. The purchase took place in December 2021; the identification was published by The Real Deal Los Angeles and republished by GPAM on November 29, 2022. The report identifies Julie McDermott as Bill’s wife, but does not name her as a co-buyer.
Who bought the Laguna Beach mansion?
The reported buyer was William “Bill” McDermott. The Real Deal Los Angeles story, republished by GPAM on November 29, 2022, identified him as ServiceNow’s CEO at the time and said he purchased the property in December 2021 for $43 million.
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The article refers to Julie McDermott as his wife. It does not establish that Julie was a purchaser or that the property is jointly owned by the couple.
Where is the house?
The mansion is identified as 2431 Riviera Drive in Irvine Cove, a gated coastal community in Laguna Beach, California. The report describes it as a beachside estate with approximately 180 feet of beach frontage, with that frontage figure attributed to the listing.
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What the reported property details show
| Feature | Reported detail |
|---|---|
| Architectural style | Mediterranean Revival |
| Year built | 1996 |
| Home size | Approximately 10,000 square feet |
| Bedrooms | Six |
| Bathrooms | Eight |
| Lot | About half an acre |
| Beach frontage | 180 feet, according to the listing cited in the report |
The report describes imported limestone floors, artisanal bronze, detailed millwork, an open kitchen with a granite-topped island, dining patios, fireplaces and a wood-paneled library. It also says the home contains six bedroom suites.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How the transaction compares with the asking history
The $43 million figure is a reported completed purchase price, not an asking price. According to the article, the property had moved on and off the market with asking prices ranging from $41 million to $55 million. It was reportedly listed for $45 million the day after McDermott’s purchase.
| Event | Amount and timing |
|---|---|
| Previous owner’s purchase | $29 million in 2005, reportedly paid by retired subprime-mortgage executive Bob Cole |
| McDermott purchase | $43 million in December 2021 |
| Reported listing after the sale | $45 million the following day |
| Other reported asking prices | From $41 million to $55 million at various points |
These figures describe different events over many years. The reported listing prices should not be treated as additional sales or as like-for-like market comparables with the 2021 transaction.
What is confirmed—and what is not
- The Real Deal Los Angeles report names Bill McDermott as the buyer and places the purchase in December 2021.
- The report gives the address as 2431 Riviera Drive and attributes the home’s size, features and beach-frontage description to its reporting and the listing it cites.
- The reviewed source does not name Julie McDermott as a co-buyer.
- The purchase deed and current ownership were not independently verified against county records in the available reporting.
Accordingly, the most precise description is that Bill McDermott was reported to have bought the Laguna Beach mansion for $43 million in 2021; the available article does not prove a joint purchase by Bill and Julie.
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