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Portabello Estate SOLD

Portabello Estate SOLD

January 04
14:30 2011

SOLD

Being on the market for nearly 4 years, it was time Portabello found a new owner.  The unique estate located in Corona Del Mar was originally listed at $75 Million and took a price cut a few years later to $49.6 Million, and finally sold in 2010 for $34.1 Million.  Given the extreme uniqueness of the Estate finding the right buyer was quite the job.  McMonigle Group, the agency hired to sell the home spent countless hours & dollars marketing property, from the front cover of Unique Homes and even having the home featured on the Oprah Winfrey Show.  Throughout the years the home gained a ton of interest around the world due to it’s resort like atmosphere that had never been seen before.

Set on three oceanfront lots, Portabello is a 22,000 Sq. Ft. compound built with commercial strength post and beam construction.  There is an additional 8,000 Sq. Ft. of covered terraces, a 2,000 Sq. Ft. Master Suite with Two Bedrooms & Two Bathrooms, a Guest House offering Two Bedrooms & Two Bathrooms and a separate Guest Casita.  One of the main highlights of the Estate is the three storey central seascape grotto featuring Two Saltwater Swimming Pools, Two Spas, Tunnel Waterside, Waterfall Features, Barbecue Area and Bathrooms.

Grand scale living areas, including main level Living Room, Dining Room, Family Room and Pool House Lounge are perfect for large get togethers.  There is also a state of the art Gourmet Kitchen, full Fitness Facilities and an Executive Office with Burl Wood Cabinetry and Leather floors & walls.  Where the home really exceeds in entertaining is on the Lower Level which is designed as a town’s Main Street.  Features include a state of the art Movie Theatre with marquee, powder rooms, stage and ticket booth, working Mini Diner with Kitchen including Soda/Milkshake Fountain, Bar and Seating Areas, Jewelry “Store” ideal for the display of family herilooms, Media Room with large screen televisions and Billiards Table, 2 Lane Regulation Bowling Alley with Shoe and Ball Rental Area and an incredible Automotive Museum including Climate/Pressure controll and lighting to display up to 12 Collectible Cars, Full Automotive Shop, Office and Car Lift.  Portabello is truly a “one of a kind” Estate and I doubt we’ll ever see anything like it again.  It’s hard to put a value on such a masterpiece but I think it’s safe to say the buyers got a great deal.

Price: Was $75,000,000, Was $49,600,000, SOLD $34,100,000
Size:
22,000 Sq. Ft.
Bedrooms: 8
Bathrooms: 10 Full, 5 Half
Speciality Items: Gourmet Kitchen, 3 Kitchenettes, State of the Art Cinema, 2 Bowling Lanes, Multiple Pools & Spas, 180 Degree Ocean Views, 3 Level Central Grotto, Coastal Rock Formations, Water Slide, Executive Office, 2,000 Sq. Ft. Master Suite with two King Size Bedrooms, Private Courtyard, Numerous Bathrooms, His & Her’s Closets & Wet Bar, Street Scene in the Basement with Art Deco Theatre, Cafe Diner, Bowling Lanes, Jewelry Store Front & 3,000 Sq. Ft. Automotive Museum with car lift and suite, Featured on Oprah.
Address: 4627 Brighton Road, Corona Del Mar, California, United States 92625

PDF Documents:
Portabello Brochure
Portabello Home Tour
Portabello Amenities

Photos Courtesy of McMonigle Group

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