"The eight-figure transaction is the most ever paid for a single-family home in the Newport Beach area, public records show. Historically, it is the second-most expensive sale of a single-family home in Orange County. The property, known as Villa del Lago, packs in plenty of amenities. Surrounding the Italianate mansion is a 1-acre lake, a tennis court, a pool pavilion and a putting green all connected by landscaped walkways and pavilions."
"Within the three-story mansion are grand formal rooms featuring intricate ceilings, ironwork and gold leaf details. The living room has a stone fireplace and vaulted and beamed ceilings. Eight bedrooms and 17 bathrooms are spread across the house. The lavish master wing features a walk-in closet with a chandelier."
"Built in 2004, the home has an indoor swimming pool, a sauna and a lounge with a wet bar. There are multiple wine cellars including an underground wine cave accessed from a spot near the lake. The property, known as Villa del Lago, packs in plenty of amenities including horse facilities and a riding ring within the grounds."
Villa del Lago, a 17,000-square-foot Italianate mansion on 12.5 acres in Newport Coast, sold for nearly $40 million after spending almost a year on the market. The property represents the highest price ever paid for a single-family home in Newport Beach and the second-most expensive in Orange County history. The estate features eight bedrooms, 17 bathrooms, and extensive amenities including a one-acre lake, tennis court, pool pavilion, putting green, and horse facilities. The three-story mansion contains grand formal rooms with ornate details, an indoor swimming pool, sauna, wet bar, and multiple wine cellars including an underground wine cave. Built in 2004, the property was listed at $55 million before selling for $39,999,999.
Read at Los Angeles Times
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