Ex-Yugoslavian PM Milan Panic lists Newport Beach home for $20 million

  • The foyer. (Photo by Andrew Bramasco).

  • The living room. (Picture by Andrew Bramasco).

  • SoundThe gallery will resume insecs
  • The deck and dock. (Picture by Andrew Bramasco).

  • A bird’s-eye view of the residence, facility with the lights on, at dusk. (Picture by Andrew Bramasco).

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A bayfront Newport Beach residence possessed by former Yugoslavian Prime Minister Milan Panic has actually struck the marketplace for $19.995 million.

The sale cost consists of Coastal Commission-approved strategies for a multi-leveled estate with subterranean parking defined in the listing as “a famous, modern work of design by Hudgins Style Group” made to maximize the location.

The strategies, which additionally consist of a house cinema, roof deck as well as a 73-foot watercraft dock, still need final authorization from the city.

Couple of details are readily available concerning the 7,199-square-foot residence presently on this large great deal in the Balboa Peninsula Point community. But the listing reveals it was constructed in 1975 and also has four bed rooms, seven washrooms and also typical interiors.

Your home has two levels with sweeping sights of the ocean and also harbor.

A big courtyard features a swimming pool flanked by high bushes.

On the waterside, a boat dock and also pier system complete the offerings.

John Stanaland of Vacation home Real Estate holds the listing.

Panic (noticable PANish) acquired the waterside house in 1986 for $2.45 million, building records reveal.

The life of Panic, 90, is chronicled in the bio” Warrior Chief Executive Officer: The Impressive Journey of Milan Panic as well as ICN Pharmaceuticals.” Born in Belgrade, he immigrated to the United States in 1955 and also four years later started the medicine business that he ran for 43 years.

After retiring, he launched the ICN-spinoff MP Biomedicals that he later marketed.

Panic functioned as head of state of his indigenous Yugoslavia from 1992-93. He lost the presidential election to Slobodan Milošević in 1992.

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