NEWPORT COAST LUXURY HOME Open House: 12pm - 4pm Currently Listed: $37,000,000 March 25 & April 22 NO OPENING BID

AUCTION

PROPERTY

1 Pelican Hill Road North Newport Coast, CA 92657

LIVE AUCTION AND WEBCAST PELICAN HILL RESORT

OPEN HOUSES March 25th, 2012 April 22nd, 2012 12:00pm – 4:00pm

check-in at 5:30pm promptly starts at 7:00pm

ONLINE BIDDING AVAILABLE

please register to bid

in advance at:

www.Auction.com/Luxury

Bankruptcy Court Mandated Auction

L I V E A U C T I O N A P R I L 2 6 T H , 2 0 1 2

17,706 SF 8 BEDS 17 BATHS 12.47 ACRES 2% BROKER CO-OP

One Pelican Hill Road is the largest private estate parcel in all of Newport Beach. Near to completion, the improvements to this 12.47-acre property sit behind its own gates, overlooking beautiful canyon, city light and distant ocean views. The property is complemented with a grand Italianate villa in the final phase of construction, a 17-car garage, vast expanses of mature gardens, terraces, a private lake in excess of one acre, a tennis court, vineyards, a wine cave, horse stable and riding area, and gatehouse. Enhancement opportunities are limitless and include the ability to add guest and accessory buildings thereby creating a personal compound unlike anything else in Newport Beach. The pastoral setting belies its preferred location proximate to the Pelican Hill Resort, Newport Center, and John Wayne Airport, all of which are but minutes away. Priced far below replacement cost, the compelling value and singular opportunity of this offering will never be equaled in Orange County.

ROB GIEM . 949.933.7046 . rob.giem@homgroup.com MICHELLE QUEYREL . 949.632.1618 . michelleq@homgroup.com