Entrepreneur Mike Grey and his spouse, Lori, are chasing rarified air in Newport Seashore, 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 palms for $61 million in 2020.
Grey, who spent 25 years as an government for luxurious trend model St. John Knits and likewise based the baked items firm Candy Life Enterprises, paid $12.547 million for the property in 2017 and extensively transformed the mansion within the years since.
The largest justification for the value tag is the area. The compound claims three parcels and 105 toes 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 houses with a inhabitants of roughly 1,800.
The waterfront house. (Toby Ponnay)
The entry. (Toby Ponnay)
The eating room. (Toby Ponnay)
The lounge. (Toby Ponnay)
The view. (Toby Ponnay)
The kitchen. (Larry Faulk)
The workplace. (Larry Faulk)
The bed room. (Larry Faulk)
The toilet. (Toby Ponnay)
The indoor-outdoor household room. (Toby Ponnay)
The pool. (Toby Ponnay)
The garden. (Toby Ponnay)
The dock. (Toby Ponnay)
Inside are 4 bedrooms, 4 bogs and a handful of lavish residing 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 front room opens on to an infinity-edge pool and spa proper above the water. One other spotlight comes within the main suite, the place the sky-lit lavatory encompasses a hammock bathtub suspended from the ceiling.
Out again, a cabana with heated flooring results in a personal dock with room for 3 boats.
Tim Smith of Coldwell Banker Realty Newport Seashore holds the itemizing.