Newport Beach's Crown Jewel: The Most Expensive Home Ever Sold Sets a New Standard of Luxury

The most expensive home ever sold in Newport Beach, California is a stunning waterfront estate called Villa Firenze. This luxurious property was sold for a whopping $77 million in June 2020, making it the highest-priced home ever sold in the city’s history.

Villa Firenze is spread across an expanse of nearly four acres and was commissioned by billionaire bond trader, Bill Gross. The estate boasts 18 bedrooms, 25 bathrooms, and a living space of over 30,000 square feet. Every inch of this stunning property exudes grandeur, with its Italian villa-inspired architecture, intricate stonework, and exquisite detailing.

The estate features sweeping views of the Pacific Ocean and the Newport Harbor, and the lush gardens with beautiful water features add to the serene ambiance that permeates the property. The interior spaces are equally spectacular, featuring a grand entrance hall, an organic Italian kitchen, and an opulent wine room.

The lavishness of Villa Firenze doesn’t end here. The estate also sports a 17-car garage, a tennis court, a movie theater, and outdoor pavilions with fireplaces, as well as a subterranean tunnel that allows guests to move from the main residence to multiple living areas, a spa, and a swimming pool.

Newport Beach is known for its luxurious waterfront estates, and this sale is just the latest chapter in the city’s rich tradition. The previous record for the most expensive sale was set in 2017 when another Newport Beach waterfront estate sold for $55 million.

Despite the challenging economic climate due to the pandemic, Villa Firenze’s sale accentuates the staying power of the demand for luxury real estate in Orange County, California. The city is a popular destination for high net worth individuals and often features in lists of the most affluent cities in the United States.

In conclusion, the sale of Villa Firenze for $77 million in Newport Beach, California, is an astounding illustration of the global appeal of luxury real estate. The extravagant estate’s stunning location, exceptional features, and impeccable attention to detail justify its record-breaking sale price. Its sale has set the bar for other luxury estates that may enter the market in the future.