Sitting on half an acre of manicured grounds in Newport Coast is a 10,749-square-foot Pelican Crest home with an asking price of $19.8 million.
The property—a few doors south of the compound of University of California-Irvine benefactor Paul Merage and just north of Pelican Hill Resort—has six bedrooms and six bathrooms.
Overhauled last year by Irvine-based Spectrum Architecture, it has cathedral ceilings and features a great room, office, gym with sauna, three fireplaces and a formal living and dining room on the main level.
The lower level has a 12-seat theater, wine cellar, bar, and a family entertainment area. An elevator takes guests upstairs where the third floor includes the master suite with its own deck and sitting room.
Records show the seller is Ramon Rossi Lopez, co-founder and managing partner of Newport Beach law firm Lopez McHugh LLP, and his wife, Jamie Gray.
Lopez counts more than 36 years as a trial lawyer. He has litigated in areas such as mass torts and medical malpractice, including involvement in obtaining a $4 billion global settlement with American Home Products, later bought by Pfizer Inc., over the diet drug fen-phen.
James Gray and Scott Lopez of Arbor Real Estate Professionals have the listing.
