Deals
California Estate Valued at $87 Million Sells at Auction
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A bankrupt real estate agent’s hilltop mansion, conceived during Southern California’s property boom and once given an estimated value of $87 million, was sold at auction.
The unfinished Italianate villa on 12.5 acres (5.1 hectares) in Newport Beach comes with a man-made lake, horse stables, vineyard, tennis court, 17-car garage and views of the Pacific Ocean and Santa Ana Mountains.