Thursday, April 26, 2012

One Mega-Mansion For Sale At Only $32 Million

Hot property: $37 million dollar luxury home that is for sale at One Pelican Hill Road North is seen across a lake in Newport Beach

Looking For A Bargain? Mega Mansion With 17 Bedrooms Once Valued At $87 Million Now Set For Auction At JUST $32 Million -- Daily Mail

If Tax Day has left you feeling flush after receiving refund checks one particular property on the market may be just what you are looking to invest in.

It boasts a staggering 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast.

Once valued at $87 million this empty, never-sold, mega-mansion is up for auction next week and looks likely to be a bargain as it could be sold for a quarter of that price.

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My Comment: I will be surprised if it gets it's auction price.

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