Entrepreneur Mike Grey and his spouse, Lori, are chasing rarified air in Newport Seaside, itemizing their waterfront compound for $47.5 million. In the event that they get their worth, it’ll be among the many priciest gross sales in Orange County historical past.
The present record-holder sits a stone’s throw away in Newport Coast, the place a 19,000-square-foot mega-mansion traded fingers for $61 million in 2020.
Grey, who spent 25 years as an government for luxurious trend model St. John Knits and in addition based the baked items firm Candy Life Enterprises, paid $12.547 million for the property in 2017 and extensively reworked the mansion within the years since.
The largest justification for the worth tag is the area. The compound claims three parcels and 105 ft of harbor frontage — a rarity for waterfront properties within the coastal metropolis. It’s present in Lido Isle, a man-made island stuffed with luxurious properties with a inhabitants of roughly 1,800.
Inside are 4 bedrooms, 4 bogs and a handful of lavish dwelling areas embellished with designer finishes. Suede and silk cowl the partitions, and the ceilings alternate between river rock and wave porcelain tile.
Practically each room takes in views of the harbor, and the indoor-outdoor lounge opens on to an infinity-edge pool and spa proper above the water. One other spotlight comes within the major suite, the place the sky-lit toilet encompasses a hammock bathtub suspended from the ceiling.
Out again, a cabana with heated flooring results in a non-public dock with room for 3 boats.
Tim Smith of Coldwell Banker Realty Newport Seaside holds the itemizing.
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