This sale establishes a new record for home transactions in the Santa Ana Heights area of Newport Beach, surpassing the previous record of $15 million.
The estate's impressive 381 feet of direct water frontage along the Back Bay contributes significantly to its value, standing out compared to neighboring properties.
Originally built in 1951, the rustic brown ranch house has maintained its integrity over the decades and features amenities like a gym and a wine cellar.
Known for its historical significance, the property has hosted high-profile guests including three U.S. Presidents and numerous political figures during fundraising events.
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