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39250 Ortega Hwy
San Juan Capistrano, CA 92562
$33,000,000
Conventional
Property
Bedroom
11
Bathroom
15
Property Type
Conventional
Square ft
22920
Property Description
Immerse yourself in the rare luxury of this Tuscan-style villa near historic San Juan Capistrano. This magical 1200-acre estate offers sweeping views of foothills and mountains, creating an idyllic retreat. Formerly owned by celebrities like Bruce Brown and Dick Marconi, this property exudes California luxury, embraced by nature's beauty and enriched by the storied ownership of iconic personalities.The compound, surrounded by lush greenery, features over 23,000 lemon and 1,200 olive trees. Imported bare root from Italy, these olive trees belong to a 3000-year-old strain, adding a touch of ancient elegance to the landscape. Enhancing the sense of tranquility, a private 2-acre lake and four ponds grace the landscape. Exquisite stonework, with each stone quarried from the property, effortlessly blends with the botanical beauty. The entrance courtyard features a bronze statue of a wild boar "Porcellino" from Florence. At the edge of the pool stands a 15 ft statue of Poseidon, while multiple bronze and marble statues, along with a full-size terracotta Chinese warrior statue, contribute to the opulence of this extraordinary place.The main residence offers over 5,000 sq ft of living space, including 4 bedrooms and 3 bathrooms. The loggia overlooking the lake creates a serene atmosphere. The rustic kitchen, equipped with a Viking range and an oversized Sub-Zero fridge, combines functionality with style. The primary suite features floor-to-ceiling windows, a fireplace, walk-in closets, and a spa-like bath with a step-up tub and a large shower. The second master, guest bedrooms, and den seamlessly blend into the character of the house.A special ventilation system ensures a perfect environment in the wine and cigar lounge, with a 3,000-bottle temperature-controlled wine storage room for connoisseurs to savor the finest selections. The private chapel holds a replica of Michelangelo's "La Pieta," in the 2,000 sq ft office/library and museum. Natural light floods into the north-facing floor-to-ceiling windows of the art studio, offering over 2,000 sq ft of space dedicated to creativity. Complete with a bathroom and storage area, this studio is a haven for artistic expression. Adjacent, an equally large art gallery features museum-quality lighting, showcasing artwork in its finest form.Exceptional amenities like a helicopter pad, short and long-distance gun range, a two-bedroom guest house, and a fully equipped fitness center add a unique dimension to the property. While stargazers explore the skies from the observatory, the wine gazebo offers a tranquil setting to savor exquisite vintages. The 12-car garage provides 2,200 sq ft of space for prized automotive collections. A well-equipped over 2,000 sq ft workshop caters to hobbyists and craftsmen alike. The employee triplex ensures 2,100 sq ft of living quarters for the staff.Thoughtfully designed to harmonize with nature, a 70-acre wildlife sanctuary provides a haven for diverse species such as llamas, eland, zebras, and a giraffe. Equestrian grounds feature a 6-stall barn, a horse riding arena, and a network of trails that wind throughout the expansive ranch, providing a picturesque setting for horseback adventures. Spacious dog kennels and an aviary add to the diversity of animal life on the property. Lakes and ponds throughout the estate may be stocked according to preference.Embrace unparalleled peace and tranquility within this private oasis. This extraordinary estate, surrounded by nature's beauty and thoughtfully designed amenities, offers a retreat from the outside world. Whether savoring the exquisite architectural details or immersing yourself in the diverse animal habitats, every element has been curated to provide a sense of serenity. The allure of California luxury is palpable with panoramic views extending all the way from Mexico to the Channel Islands. Experience the epitome of refined living, where each day is a celebration of life in the embrace of Mother Nature.
Property Information
Lot Size
1,225 sqft square ft
Property Type
Residential
Year Built
1979
MLS Number
24-354217
Location
Address
39250 Ortega Hwy
City
San Juan Capistrano
State
CA
Zip Code
92562
County
RIVERSIDE (WEST)
Listing
Provider
Revel Real Estate, original listing
Name
Revel Real Estate
Phone
(310) 717-5522
Office Name
Revel Real Estate
Office Phone
(310) 717-5522
Agent Name
Benjamin Bacal

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.