A peek inside the $49.6M Portabello mansion

Photos courtesy of The McMonigle Group

We’ve shown you pictures before of the ocean-front Portabello Estate, but not like these.

The custom-built mansion on Corona del Mar’s billionaire’s row originally listed in 2006 for $75 million, tied at that time for the nation’s second-highest asking price for a single-family home. It was featured on the Oprah Winfrey show and was a cover story in “Ultimate Homes” magazine.

After three years it went off the market without a buyer. There was a false claim that it had sold. Now it’s back on the market — with a $25.4 million price cut — and listing agent John McMonigle has a new set of photos showing the mansion, inside and out.

Even with the price cut, the home currently has O.C.’s second-highest asking price at $49.6 million. It’s price is nearly $15 million more than Nicolas Cage’s record-setting sale on Newport Harbor.

Owner Frank W. Pritt III, founder of a Seattle software maker, assembled three oceanfront lots on a private cove, hired Newport Beach architect Brion Jeannette and spent six years and $33 million building his 22,000-square-foot home.

Prominent features include curving glass walls, a movie theater, soda shop, jewelry store, bowling alley and space for a car museum. It has an outdoor grotto and two pools (one on an upper deck with a see-through plastic spa in the middle), eight bedrooms and 10 bathrooms.

McMonigle’s website says:

“Portabello (is) a Pacific sanctuary designed for intimate family living and social gatherings stretches the lengths of three continuous waterfront lots in the prestige of Cameo Shores. Architecturally integrated with its seaside surroundings and vast ocean frontage, this exceptional home celebrates the life and style of its residents an experience that is altogether personal and inspiring.”

This article is from the Orange County Register’s website.

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