Word of a prospective buyer for the $37 million Villa del Lago estate has surfaced in the week since Newport Beach-based Hom Real Estate Group took over the listing.
Hom agents Robert Giem and Michelle Queyrel are handling the sale of the 18,000-square-foot home with a private lake, tennis court and horse stable on 12.5 acres in Newport Coast.
The estate is subject to bankruptcy proceedings but the price hasn’t changed.
“We definitely, at this time, have one very interested party,” Giem said.
Local real estate agent John McMonigle had the listing for Villa del Lago and served as managing director of developer One Pelican Hill Road North LP until shortly before it filed for bankruptcy earlier this year. McMonigle also has filed for personal bankruptcy.
McMonigle recently signed on as an agent for Beverly Hills-based Teles Properties Inc.
Any sale of Villa del Lago remains subject to bankruptcy court approval.
There still is some work to be done on the landscaping and interior fixtures at the estate, Giem said.
Redfin Rundown
June and July saw about 20 closings on homes priced at $4 million and higher in Orange County, according to Redfin.com, a Seattle-based brokerage.
Most of the sales took place in Newport Beach, with a smattering in Laguna Beach, Laguna Niguel, Irvine and Dana Point. The majority were listed for eight months or less.
Here are some of the listings:
• 9 Shell Beach in the Crystal Cove neighborhood of Newport Beach sold for $11.6 million, down from $13.8 million in March. Listing and buyer’s agent: Rex McKown of Newport Beach-based Surterre Properties Inc.
• 4539 Perham Road in Corona del Mar sold for $8.7 million, as originally listed in Oct. 2010. Listing and buyer’s agent: Timothy Norman of Corona del Mar-based Rogers Realty Inc.
• 7 Moonshell in the Crystal Cove neighborhood of Newport Beach sold for $7.4 million, down from $7.9 million in Nov. 2010. Listing agent: Jacqueline Thompson of Surterre Properties. Buyer’s agent: Robert Pfeif, Pfeif Residential Group Inc. of Newport Beach.
• 49 Beach View in Dana Point, a short sale for $6.3 million, down from $8.2 million in Nov. 2010. Listing agent: Tim Smith of Coldwell Banker Previews International in Newport Beach. Buyer’s agent: George Pagano of Coast Sotheby’s International Realty.
• 202 S. Bayfront on Balboa Island in Newport Beach sold for $6 million, down from $8.9 million in February. Listing agent: Shannon Ferguson of Re/Max Select One’s Dana Point office. Buyer’s agent: David Rosten of Newport Beach.
• 1685 Viking Road in Laguna Beach sold for $6 million, down from $8.5 million in February. Listing agent: Kenneth “Chris” Guziak of Coast Sotheby’s International Realty. Buyer’s agent: Robert Weglarz of Coldwell Banker Previews International.
• 28 Fairway Point in Newport Coast sold for $5.6 million, down from $8.7 million in Aug. 2010. Listing agent: John McMonigle of Teles Properties. Buyer’s agent: Marcy Weinstein of Surterre Properties.
• 8 Old Ranch Road in Laguna Niguel sold for $5.3 million, down from $6.9 million in January. Listing agent: Lisa Cooper of Prudential California Realty in Dana Point. Buyer’s agent: Nedra Jenkins of Surterre Properties.
• 2595 Altamar Drive in North Laguna sold for $5.2 million, down from $6.2 million in March. Listing agent: Rod Daley of Coldwell Banker Previews International. Buyer’s agent: Frederick Balzer of Prudential California Realty’s Laguna Beach office.
• 97 Canyon Creek in Irvine’s Turtle Rock neighborhood sold for $4.6 million, down from $5.4 million in Sept. 2010. Listing agent: Jacqueline Thompson of Surterre Properties; no buyer’s agent was listed.
• 122 Via Lido Nord in Newport Beach sold for $4.5 million, down from $4.9 million in April. Listing Agent: Steve High of Coldwell Banker Previews International. Buyer’s agent: Evan Corkett of Coldwell Banker Previews International.
• 24 Boulder View in Irvine’s Turtle Rock neighborhood sold for $4.1 million, down from $4.8 million in February. Listing agent: Chris Valli of Surterre Properties. Buyer’s agent: Shiva Ommi of Century 21 Professionals in Irvine.
• 10 Via Diamante in Newport Coast sold for $4 million, down from $4.1 million in February. Listing agent: Michael Fawaz of Surterre Properties. Buyer’s agent: Jocelyn Bratter of Hom Real Estate Group.
