Was $15 Million – Sold $5 million!

Was $15 Million – Sold $5 million!

Was $15 Million - Sold $5 million!

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Villa Rosa Rugosa, a San Juan Capistrano destate with possibly the most elegant garage ever, has fallen under the axe of the economic disintegration. Once highlighted in an HGTV production of Million Dollar Rooms just for its more than 3,600sf garage-ballroom styled in the manner of Venice’s 16th Century Salone Maggiore. We knew the mansion itself must be of staggering beauty and it was true.

Built in 2003 inside gated Marbella Country Club, this Italian Renaissance estate is fit for the court of any kingdom. Floors were designed by the same family that designed the floors for the Sistine Chapel and hand painted ceilings were replicated from those of Michelangelo. Filled with Austrian crystal chandeliers, Venetian plastered walls and marble columns, the 18,000sf manse includes 7 bedrooms and 15.75 baths, a large theatre, a chapel amid fruit trees, a massage room and and wine cellar. The master suite has his-and-her bathrooms and closets. The Italian Renaissance theme is carried out in finite detail throughout every inch of the home. Furnishings were collected over 7 years including some from the Vatican as well as 26 Renaissance themed paintings that line the gallery. Outside, gardens are Italianate in design with loggias, fountains, marble paths, statues and lily ponds with pool, spa, grotto, pool house, full outdoor kitchen, firepit and conversation area. In every respect it is a perfect palace.

It fell on hard times. Originally listed in 2010 at $15m, it dropped to $10.9m. The price cuts continued until it finally foreclosed. The bank bought it back at $3,530,809 and promptly put it back on the market. It sold for $4.7m. A sad day for those who put so much of their hearts into creating this masterpiece.

Source: www.realtor.com