$24M Home is Priciest Sale in Orange County, California, This Year

A 13,437-square-foot single-family home with panoramic views of the Pacific Ocean in Newport Coast, California, changed hands for $24.1 million earlier this month, making it the most expensive sale in Orange County so far this year, listing records show.

The property lingered on the market for more than two years with an original listing price of $35 million in 2015. It was dropped to $29.9 million in early 2016 and remained the same until the sale was closed, according to listing history on Multiple Listing Service.

Although the sale price was 31% less than the original ask and represented a 19% discount from the last listing price, it still marked the most expensive sale for Orange County so far this year, according to Rex McKown of Surterre Properties, who held the listing with his fellow agent Marcy Weinstein.

Last December, a home in Newport Coast sold for $28 million, according to listing records. Currently, there is another seven-bedroom home available for $55 million, which came on the market in February.

The estate in the sale this month features seven bedrooms and 11 bathrooms and "is reminiscent of Versailles and the Palladian palazzos of the Veneto," according to the listing. Its modern-day luxury amenities include a gym, pool, spa, home theater, wine cellar, outdoor barbecue pavilion and seven-car garage.

The residence has seven bedrooms and 11 bathrooms. Surterre Properties

The seller was a trust set up by Doran Andry, a marketing guru and long-time distributor of Herbalife nutrition supplements, according to property records. Mr. Andry couldn’t be immediately reached for comment.

The buyer was a local buyer and "in fact, he lived in next neighborhood over," Mr. McKown said.