Villa del Lago, or the home of the lake, the 12-acre retreat developed by Monarch Estates at the height of the housing boom located in Newport Coast. SM Sold assisted the developing team at Monarch Estates in visualizing and marketing this 17,500-square-foot, Tuscan-style house that resembles a palace, with marble columns, marble floors and gold leaf on the ceilings and doors. Add to that a vineyard, stables and equestrian area, a lighted tennis court, wine cave, and a subterranean garage the size of 1 ½ basketball courts.
At one time this home was priced at $87,000,000 by Agent John McMonigle when it was listed on the MLS at $57,000,000 it was the highest price listing in Orange County, CA.
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