Rex McKown and Marcy Weinstein of Surterre Properties® Represent Buyer of Pelican Hill Property Listed at $37 Million
Posted by Amy Plotkin — September 24, 2012
Rex McKown and Marcy Weinstein — a highly experienced duo who make up one of coastal Orange County’s most renowned luxury real estate partnerships — played a pivotal role in closing one of the most high-profile real estate transactions in Southern California history.
Once valued at $87 million and listed most recently at $37 million, the massive estate located at 1 Pelican Hill Road North — formerly known as Villa Del Lago — sold for the first time earlier this summer, with Rex and Marcy representing the buyer. And, although it sold at a fraction of its initial estimated value, the property and its sale represent a remarkably high-digit deal, even for the highly exclusive and incredibly luxurious Newport Coast area.
Complete with a man-made lake, stables, riding grounds, vineyards and more than 17,000 square feet of living space, the still-unfinished mansion, which sits on a parcel more than 12 acres in size, is truly unlike any other residence in Orange County’s luxury market — and the word “opulent” doesn’t even begin to describe it.
Although the sale of 1 Pelican Hill Road North proved a unique endeavor on so many levels, facilitating the sale and purchase of Orange County’s most coveted estate homes isn’t anything new for Rex and Marcy. Over the course of the past decade, they’ve leveraged their knowledge and experience to achieve incredible success for innumerable clients, guiding buyers to purchase luxury properties at the best possible values and helping sellers procure the highest returns for their investments — even during the challenging economical climate that has defined the past several years.
“When it comes to standout professionals who are able to orchestrate solid results for their clients time and time again, few real estate agents compare to Rex and Marcy,” remarked Gary Legrand, Surterre’s President and CEO. “To say that I’m proud to have them as a part of our organization would be an understatement. Together, they form an incredible class act, and I’m thrilled to witness as they continue to excel at their craft, exceeding the expectations of the market’s most discerning clients.”
As part of Surterre Properties® Rex and Marcy enjoy a variety of amenities and resources designed specifically with the luxury client in mind. Amenities like a full-service, in-house advertising studio and the latest advances in industry technology bolster the duo’s efforts, enabling them to deliver real estate experiences as valuable as they are rewarding.