For Ultra-Rich Homebuyers, Sky's the Limit - Orange County Business Journal ocbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocbj.com Daily Mail and Mail on Sunday newspapers.
Palm Beach, Malibu and the Hamptons drew luxury homebuyers seeking more tranquil post-pandemic lifestyles, according to an Inman analysis of the top 10 beach transactions since October 2021.
Print
In Newport Coast, one of Southern California’s glitziest mansions is aiming for the highest price in Orange County history: $69.8 million.
Dubbed Palais de Cristal, the newly built Palladian-style stunner is a celebration of wealth a 15,500-square-foot concoction of gold, onyx and glass filled with over-the-top spaces and ostentatious amenities.
It’s owned by Amini Innovation Corp. founder Michael Amini, who grew his furniture company into a lifestyle brand that sells products through more than 3,000 retailers in 80 countries. He’ll smash the Orange County home sale record if he gets his price; the current mark belongs to a 19,000-square-foot mansion in the same neighborhood that traded hands for $61 million last year.