HomeMarketWatch.org
Asking price: $18 million - Located in "the Gold Coast of Orange County," this impressive home with views of Catalina Island and the Pacific Ocean fell into foreclosure in 2010, the same year it was built. At one time, it was in escrow for $28 million. Now, the home is available through a private investment group for $18 million. It has never been occupied.
Multi-Million Dollar Foreclosures
Real Estate News at MarketWatch.org
The house has an oversized master suite and 3 additional bedrooms, 6 1/2 bathrooms and a garage that can accommodate 20 cars. The kitchen is outfitted with high-end stainless steel appliances, granite counter tops and a butler's pantry.
There's also a screening room and an atrium foyer. Elsewhere on the 11-acre property, are an infinity edge pool, spa, gardens and a fire pit.
"A home of this size on a parcel of land over 11 acres in this area is unheard of," noted the listing broker Richard Leavitt. "It could never be built again."
"MarketWatch.org is the best place to get the latest news that matters to your investments"
News and information that matters to your portfolio at MarketWatch.org
A Web Development Project of JM XTRADE, INC.
Even these mega-mansions in some of America's wealthiest neighborhoods are not immune to the housing crisis.
Asking price: $3.5 million - The last time this home in the gated Bighorn Golf Club community sold in 2007, it went for $6 million, according to Signe Beck, of Luxury Homes by Keller Williams. But after being foreclosed on in March 2010, its price has come down significantly. It's been on and off the market over the past two years and was recently re-listed last month for $3.5 million.
The Palm Springs home boasts 5 bedroom suites, including a master suite with its own fireplace, his and her bathrooms and French doors that open onto the pool. The chef's kitchen has a pair of Viking refrigerators and a view of the putting green and the waterfall out back.
Asking price: $4.6 million - Originally listed in 2008 for $8.9 million, the price on this home was dropped to $6.9 million in 2010, then to $5.9 million a year later. The house was finally offered through a public trustee sale and bought by the original lender in September of last year. The bank is currently listing the home for $4.6 million.
The Palm Springs home boasts 5 bedroom suites, including a master suite with its own fireplace, his and her bathrooms and French doors that open onto the pool. The chef's kitchen has a pair of Viking refrigerators and a view of the putting green and the waterfall out back.
