St. John Knits scion seeks high-water mark on Newport Harbor manse

Lido Isle estate built for Michael Gray in 2018; dock can accommodate several yachts

Los Angeles /
May.May 16, 2022 08:54 AM
Michael Gray and 309 Via Lido Soud (Hoag Hospital, Coldwell Banker via Toby Ponnay)
Michael Gray and 309 Via Lido Soud (Hoag Hospital, Coldwell Banker via Toby Ponnay)

A prominent fashion executive-turned-baked goods entrepreneur is looking to make a mark in Orange County’s luxury residential market with a $47.5 million ask for his waterfront manse in Newport Beach.

Michael Gray’s estate at 309 Via Lido Soud has a footprint of nearly 10,000 square feet on Lido Isle in Newport Harbor. The scion of the St. John Knits label–a high-end fashion brand where he served a tenure as president–also founded the Sweet Life Enterprises commercial bakery and is well-known in philanthropic circles in OC.

A sale at the asking price would put the deal in the top for residential sales in OC history, according to Tim Smith of Coldwell Banker who has the listing on Via Lido, which comes to $5,356 per-square-foot.

The top sale in OC history came last year in an off-market deal for a $70 million mansion in Laguna Beach’s Irvine Cove enclave. In 2020, Smith was the listing agent for another top-five sale–a $61 million deal for a home in Newport Beach’s Crystal Cove area.

About half the people shopping in OC’s priciest precincts are empty nesters looking for a second home, Smith said. However, 309 Via Lido Soud might be of particular interest to a yachting enthusiasts–it has a private dock that can fit up to five boats.

Other amenities include a gym and an infinity pool built to give the look like its water is flowing into the harbor. There’s also a six -car garage, a guest house and a main house with four beds and five baths.
The house was built by Gray in 2018.





    Related Articles

    arrow_forward_ios
    Placeholder image
    Analysts see likely dip in SoCal home prices
    Analysts see likely dip in SoCal home prices
    A rendering of the 1111 Sunset Blvd project (North Palisade, Skidmore, Owings & Merrill)
    Trio of residential towers approved for Echo Park
    Trio of residential towers approved for Echo Park
    houses with thunder and hourglass
    LA could get reprieve on looming state housing deadline
    LA could get reprieve on looming state housing deadline
    Optimus Properties co-founders Kamyar Shabani and K. Joseph Shabani with the property at 4256 W. 2nd Street in Koreatown (Optimus Properties LLC, RentCafe)
    Optimus Properties buys seven apartment buildings in core of LA
    Optimus Properties buys seven apartment buildings in core of LA
    From left: 17877 & 17875 Von Karman Ave in Irvine, PGGM CEO Edwin Velzel and MetLife CEO Michel Khalaf (LoopNet, PGGM, MetLife)
    MetLife, PGGM buy Irvine creative office in biggest OC deal of year
    MetLife, PGGM buy Irvine creative office in biggest OC deal of year
    Yvette Mimieux with 500 Perugia Way (Getty, Jade Mills, iStock)
    Double feature: Yvette Mimieux’s estate under contract
    Double feature: Yvette Mimieux’s estate under contract
    From left: Massachi Industries' Alex Massachi and DM Development's Mark McDonald with 1725-1739 N. Bronson Ave
    Development duo moves ahead on 128-unit high-rise in Hollywood
    Development duo moves ahead on 128-unit high-rise in Hollywood
    G.H. Palmer Associates' Geoffrey Palmer with the Ferrante Development (Getty, G.H. Palmer Associates)
    Billionaire landlord Geoff Palmer to pay $12.5M for withheld security deposits
    Billionaire landlord Geoff Palmer to pay $12.5M for withheld security deposits
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...