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Location: Rancho Santa Fe, Calif.
The Skinny: Despite the presence of private pro golf-caliber putting and chipping greens, and an assurance from the listing that "This sparkling gem is surely heaven on Earth," Rancho Santa Fe's El Milagro is destined for an ignominious fate: after originally asking $19.995M, the SoCal mega-manse is now headed for that big distressed-property auction block in the sky. The recent recipient of a
wasted cash infusion $7M renovation, the home sits on nine hilltop acres, and features such extravagances as a 45,000-gallon swimming pool, a formal dining room that seats 30, an office with a quartz-topped desk mounted on a hydraulic lift system, and a 5,000-bottle wine cellar. Membership in the local HOA adds access to an award-winning golf course, 60 miles of horseback riding trails, and 24-hour-a-day protection via a full-time security force that stands ready to forcefully respond should any drifters venture onto the 18 miles of heavily guarded private hiking trails.