CdM’s aptly named ‘Island House’ floats $30 million ask

CdM’s aptly named ‘Island House’ floats $30 million ask

A Corona del Mar mansion on a triangular, triple-sized lot surrounded by palm-lined streets is for sale at $29.5 million.

Dubbed “The Island House,” the 7,168-square-foot residence holds seven bedrooms, 10 bathrooms and a range of lifestyle amenities across its three levels. There’s an office that opens to a three-hole putting green, a 650-bottle wine room and tasting area, a 15-seat state-of-the-art home theater, and a game room.

The home is a reimagining of the circa-1948 property. It initially stood on the southernmost third of this lot before it was redeveloped into a mansion in 2001.

Ronald Reagan and his family favored it as a presidential retreat, according to the listing. But Chief Marketing Officer Melissa Giller at The Ronald Reagan Presidential Foundation and Institute in Simi Valley couldn’t confirm whether the 40th president had visited, saying “no one remembers this house at all.”

Giller did acknowledge, however, “It’s possible he visited whomever the owner was.”

The house previously belonged to conservative publishing magnate Tom Phillips. Listing agents from The Agency relayed in an email that “the home has played host on numerous occasions to Ronald and Nancy Reagan.”

They added, “This is an irreplaceable piece of property that exudes luxury, status, and history, and the former owner’s legacy in politics makes for an incomparable experience for the new owners.”

Whether “the Gipper” did or not visit the home, the place is a head-turner.

Behind 14-foot-tall double Dutch doors, Spanish limestone flooring runs from the home’s entry to the great room and beyond the stacked glass walls to the covered patio and pool terrace.

The great room is an open-plan space with a wood-burning fireplace. It connects the living and dining rooms to the gourmet kitchen with its cedar-stained ceiling, white lacquered cabinets, blue-gray marble-top island and breakfast bar combo, and top-of-the-line appliances.

There’s a spa-style bathroom in the primary suite with a soaking tub, a fireplace, and a walk-in closet the size of a New York City studio apartment. A patio extends the bedroom outdoors for sweeping coastal views.

Other highlights include a barbecue kitchen and bar area with counter seating for 10, a pool with a Baja shelf and spa, and a shower for outdoor entertaining. A four-car garage and an additional 28 parking spaces on perimeter streets that the listing calls “ideal for a valet-serviced party” are still more features. Mauricio Umansky, Phillip Caruso, Michael Caruso, Roxy Gonzalez of The Agency share the listing.

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