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Elizabeth Weintraub

Elizabeth's Home Buying / Selling Blog

By Elizabeth Weintraub, About.com Guide to Home Buying / Selling

Psst. Hey Buddy, Got a Spare $75 Million?

Thursday July 13, 2006
The Portabello Estate, situated on three oceanfront lots in Corona del Mar, CA, is still on the market for $75 million. Are you surprised? Insiders snort that the price is ridiculous, especially considering that anybody with that much cash would want to totally remodel the 8-bedroom, 10-bath, 22,000 sq. ft. residence to suit their own preferences. It's no secret that Frank Pitt, retired founder of Seattle-based software company Attachmate spent a pretty nickel building the ostentatious estate, which sprawls over 30,000 square feet of prime oceanfront lots he purchased for $13 million.

But if you're going to drop $75 million on a mansion, wouldn't you want a magnificent showcase that expressed your personality, where the kitchen didn't look like it was lifted out of The Jetsons, and the grotto wasn't some puny thing sporting mere double-the-fun saltwater swimming pools, a waterfall & waterslide and two spas, which pales in comparison to Boboli Gardens?

Called the third most expensive home in the United States today, the property at 4627 Brighton Drive is framed by the San Gabriel mountains in the distance and boasts whitewater views up close and personal from almost every room of this "touch-button" technology Smart Home. If you'd like to preview this home, unless you have a fat portfolio bulging with a bazillion bucks, you can't. But you can check out the Web site for Coldwell Banker agent, John McMonigle, to drool over the stunning photos and take an audio / video tour. And if you know anybody with $75 million, ask them to call me. I wouldn't mind splitting a commission of $2.25 million.

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Comments

July 14, 2006 at 12:23 pm
(1) Kaiti says:

You know, I actually rather like the Jetsons kitchen. What gets me is the complete and utter lack of anything resembling a yard. I’d rather have a 1,000 square foot house with a nice yard than a bloody McMansion that hogs the whole lot. And it looks like the neighbors all have the huge-house-no-yard thing going to, so say adios to any privacy!

August 21, 2006 at 12:32 pm
(2) Kevin says:

I don’t know your source of information for this article, but how the ownership was attributed to Frank Pitt I’ll never know. Henry Samueli, co-founder of Broadcom Corp., is the owner of that house.

August 21, 2006 at 2:43 pm
(3) homebuying says:

I guess, Kevin, the information is contained in the public records plus reported by the Orange County Register:

http://www.ocregister.com/ocregister/money/housing/article_1142476.php

What makes you think somebody else owns it?

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