Billionaire entrepreneur Paul Merage has listed his Newport Coast estate for $40 million, making it the most expensive property on the market in the gated community of Pelican Crest. The 11,041-square-foot Mediterranean residence boasts six bedrooms, 11 bathrooms, and luxurious amenities including a wine cellar, gym, and infinity pool. Designed with a calming transitional style, the home features panoramic ocean views and high-quality craftsmanship throughout. The estate has been owned by Merage since 1998 and reflects his success as the co-founder of Chef America, which sold for $2.6 billion in 2001.
The property is designed in a calming transitional style with high-quality craftsmanship and features extensive amenities, including a gym, spa, and an impressive wine cellar.
Merage, co-founder of Chef America and inventor of Hot Pockets, has owned the Newport Coast estate since 1998, and it showcases stunning panoramic ocean views.
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