The former CEO of title insurer First American Financial, whose 26-year career at the firm came to an abrupt end following assault allegations, scored the priciest single-family home sale in Long Beach last year, according to Los Angeles County tax assessor data and research by The Real Deal.
Kenneth DeGiorgio and wife Nichol DeGiorgio offloaded 5490 East The Toledo in Naples for $10.5 million in June, a couple of months after he was terminated from the Santa Ana-based title insurer, which is publicly traded with a market capitalization of around $6 billion.
This is the latest installment in a feature providing a weekly update on top sales by market segment, based on TRD Data for given periods.
The DeGiorgios sold the three-story, 5,714-square foot home for about $1,838 per square foot. That is less on a per-square-foot basis than the second-priciest sale in Long Beach in 2025, which went for $8 million, or $1,983 per square foot. To see the top 10 single-family sales in Long Beach last year, click here.
Kenneth DeGiorgio was arrested in April 2025 following an assault charge stemming from an altercation on a cruise ship. The disgraced executive, whose LinkedIn profile says he’s self-employed in Miami, was on a Virgin Voyages Caribbean cruise ship with his wife when he allegedly choked another passenger on board. The case was terminated by June 9.
The couple put the property on the market on May 7 for $10.7 million, according to the Press-Telegram.
The DeGiorgios acquired the 1984-built home, which was remodeled in 2004, in 2017 for $6.9 million, property records indicate. The waterfront house has four bedrooms and four and a half bathrooms, panoramic views from all levels, climate controlled wine room with a 1,000-bottle capacity, two laundry rooms and a ground spa pool. The primary suite has a private view deck with an outdoor fireplace. The house has a 360-degree panoramic rooftop view deck spanning the entire rooftop and comes with a three-car garage.
Vista Sotheby’s International Realty’s Keith Muirhead listed the property, and Desert Sotheby’s International’s Tamara Baron represented the buyer.
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