Friday, June 11, 2010

Newport Coast's Villa del Lago, "Home of the Lake" - Oh, Wow!

"$57 million palace hits O.C. market"
The Orange County Register (May 21, 2010, updated May 23, 2010)

"It's been more than four years since luxury-home agent and spec-home builder John McMonigle launched his vision of a hilltop estate in Newport Coast.

"Dubbed Villa del Lago, or the home of the lake, the 12-acre retreat has a lake, naturally enough.

"It also has a 17,500-square-foot, Tuscan-style house that resembles a palace, with marble columns, marble floors and gold leaf on the ceilings and doors. Add to that a vineyard, stables and equestrian area, a lighted tennis court, wine cave, and a subterranean garage the size of 1 ½ basketball courts.

"Now, at long last, McMonigle's vision is reality.

"The home officially went on the market this month, with an asking price of $57 million...."

Even if I were looking for a new home, that'd be over my budget. But that's okay.

The Orange County Register article is an informal, fairly detailed, review of this distinctly high-end property. (Any time I see "stables and equestrian area" instead of "barn and pasture," I know that we're not talking about a place in my part of the world.)

Which is okay. I enjoy getting a look at how folks who are encumbered with that sort of wealth live. And, I suspect that it's a whole lot more fun daydreaming about piles like that, than trying to keep them maintained.

Anyway, there's a 16-photo slide show that goes with the article that starts with this:

(from Cindy Yamanaka, The Orange Country Register, used w/o permission)
"What to see what the most expensively-priced property in O.C looks like? Follow us on a tour of Villa del Lago in Newport Coast. The 12.5-acre property, developed by John McMonigle of Monarch Estates, has been reduced from the original placeholder price of $87 million to $57 million. This 18,000-square-foot home boasts a wine cave, lake, vineyard, tennis court and equestrian stables."

A Bargain: Now Only $57,000,000!

Like intro to that slide show says: Villa del Lago is a real bargain: only $57,000,000, down from $87,000,000.

I still can't afford it - but those photos are fun to view.

1 comment:

Jennifer Lawrence said...

Marriott's Newport Coast Villas is the perfect place to experience a remarkable location with the dazzling Pelican Hill Golf Club as its picturesque backdrop, this Newport Beach resort gives people easy and convenient access to popular local destinations that everyone will love.

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