Coldwell Banker Residential Brokerage Offers Mediterranean Estate at $41 Million in La Jolla, California, USA

Business Wire, June 3, 2002

Business Editors & Real Estate Writers

SAN DIEGO--(BUSINESS WIRE)--June 3, 2002

Villa di Capri, occupying nearly six acres, is the largest privately owned oceanfront parcel in San Diego County. This six-bedroom peninsula estate overlooks the cliffs of La Jolla, offering 280-degree views from La Jolla, CA to Dana Point. Built in the mid-90s, six years of meticulous design and precise execution resulted in a property utilizing the finest materials and antiquities. The mastermind of Villa di Capri is builder/developer Ray Posenaer, who secured California Coastal Commission permits and managed the design process, ultimately building San Diego County's most expensive home. Previously, the highest price paid for a home in San Diego County was $25 million for a home in the beachfront community of Del Mar in 1999.

The Villa di Capri grounds showcase an 18th century Italian fountain and custom racquet and tennis courts, lap pool, gymnasium and Jacuzzi. Massive bronze and glass doors frame Villa di Capri's entryway, with 31-foot ceilings and antique carved oak columns with a double stairway. The Master Bedroom Suite enjoys a sea view terrace, spacious walk-in closets and small private office. Two luxurious baths, with marble appointments, afford coastal views.

Villa di Capri is available for showing to pre-qualified buyers. Please contact Coldwell Banker sales associates K. Ann Brizolis at 001-858-759-6528 and www.kabrizolis.com, or Bonnie Adams at 001-858-456-3256 and www.BonnieAdams.com. In addition, a 3-D Virtual Tour can be viewed online at coldwellbanker.com by searching for Villa di Capri in the "luxury properties" listings.

Coldwell Banker Residential Brokerage has 22 offices and more than 900 sales associates in the greater San Diego area. Last year, three out of every four $1 million-plus homes in California were sold through Coldwell Banker Previews International, the estates division of Coldwell Banker. Coldwell Banker Residential Brokerage is a member of the NRT family of companies. With more than 850 offices and 45,000 sales associates, NRT Incorporated is the nation's leading residential real estate brokerage company. NRT owns and operates companies in 24 of the nation's largest metropolitan markets. NRT is a subsidiary of Cendant Corporation (NYSE:CD), one of the foremost providers of travel, real estate, vehicle, and financial services in the world.