Wednesday, May 17, 2006

Home sale in California could break all time sale price record...

CORONA DEL MAR, California (Reuters) - A Southern California oceanfront home would break a record if sold for its $75 million listing price, an analyst with the National Association of Realtors said Tuesday.

The 30,000-square-foot custom-built estate belongs to Frank Pritt, founder of software company Attachmate Corp. The estate features a car museum, entertainment complex, gymnasium and mini water park.

"It's a trophy home," said Carrie Williams, media director for the McMonigle Group, which listed the estate for sale. "It's secure and private -- for a celebrity, sports star or someone of that ilk."

The record U.S. home sale price was posted two years ago when Ron Perelman sold his Palm Beach, Florida, home for $70 million, according to the National Association of Realtors.