Owner of O.C.’s largest house just sold a much smaller one – for $16 million

A paper company president who’s building Villa de Formosa – a Crystal Cove home with 52,000 square feet of living space and subterranean parking under one roof – just sold another manse not far from it for $16 million.


The villa, still under construction, is as big as 25 average-size houses.

But there’s nothing average about the ocean-view, Pelican Crest home that the Villa’s owner, Joe C. Wen, recently sold.

A catering kitchen complements the main, gourmet kitchen. Luxe amenities include a home theater, temperature-controlled wine room and sauna. An elevator, hand-carved fireplaces, a richly appointed library with a chandelier and a master’s suite exercise room are among the custom interiors.

Outdoors is another swimming pool and spa, as well as a covered loggia and a large expanse for outdoor lounging, complete with a firepit and a built-in barbecue.

John Cain and Kathryn White of HOM Sotheby’s International Realty listed the property; He George Gao of RE/MAX Elite Realty represented…

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