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Lori Shepler / Reuters
The main entrance of the $37 million luxury home at One Pelican Hill Road North in Newport Beach, Calif. was once valued at $87 million.
Lori Shepler / Reuters
It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast.
Lori Shepler / Reuters
The entrance to the wine cave at One Pelican Hill Road North in Newport Beach, Calif.
Lori Shepler / Reuters
The interior of the wine cave at One Pelican Hill Road North in Newport Beach, Calif.
Lori Shepler / Reuters
The kitchen of the once $87 million dollar luxury home at One Pelican Hill Road North in Newport Beach, Calif.
Lori Shepler / Reuters
The master bedroom's bathroom suite at the One Pelican Hill Road North mansion in Newport Beach.
Images of the California mega-mansion along the Newport Coast once known as Villa del Lago depict the runaway extravagance that gripped the top end of the U.S. real estate market before the housing crash. The photos were shot on April 13, but were made available to msnbc.com today.
It has 17 bathrooms, a 17-car garage, marbled floors, gold leaf ceilings, a vineyard, horse stables, tennis courts and a lake - and occupies the largest parcel of residential real estate on southern California's exclusive Newport Coast.
This empty, never-sold, soon-to-be-auctioned mega-mansion, once valued at $87 million, could be sold for a quarter of that price at an auction next week.
Rob Giem, the agent in charge of selling the property, said dozens of potential buyers had registered bidders for the auction. Over 700 people attended a recent open house.
"I'm confident we'll sell it," Giem said. "A lot of people have been lurking in the shadows watching this property."
Lori Shepler / Reuters
The model of the $37 million luxury home at One Pelican Hill Road North.
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They will get a higher price if they put a stove in the kitchen.
Bidders for this luxury home may want to consider using the bidder services of luxury advisory firm Real Estate Auction Options.
Local Orange County and Irvine City are struggling with their budget next year. What have they done with all the huge property tax and fees?
Hmmm... the seller stands to lose $65,000,000 on this sale. I guess that's why that crowd needs such huge tax breaks.
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He-he. Yes, a stove in the kitchen will recoup that lost $65million no doubt! [%^}