Software-Firm Founder Relists for $49.6 Million

By CANDACE JACKSON

Software-company founder Frank Pritt has relisted his Orange County mansion for $49.6 million, down from the $75 million he originally sought in 2006.

Pritt's 'Portabello'

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Eric Figge

Frank Pritt's home.

Mr. Pritt founded Attachmate Corp., which specializes in a range of business-to-business products. The 22,000-square-foot beachfront estate in Corona del Mar is called "Portabello" and has eight bedrooms, 10 bathrooms and two saltwater swimming pools surrounded by grotto cliffs. An underground 15-car garage can double as a ballroom. A subterranean level includes a Art Deco-style movie theater, diner, bowling alley and a jewelry store—a streetscape partly inspired by Mr. Pritt's hometown of Charleston, W.Va.

Mr. Pritt purchased three oceanfront lots in 1996 for $13 million, with a total of 325 feet of oceanfront, and built the house over about six years. He says he's selling because his youngest children are out of college; he now lives in Seattle. He took the house off the market about a year after its 2006 listing. Despite the size, he says "it's really a pretty cozy house," with the everyday living spaces designed to feel intimate.

John McMonigle of the McMonigle Group in Newport Beach, Calif., has the listing.

Massachusetts Estate Sells After Breakup, Price Cuts

A Massachusetts estate originally listed for $23.5 million has sold, divided, for $11.45 million in total. The Wyck Estate, about 30 miles northeast of Boston in Manchester-by-the-Sea, was modeled after a French chateau, with grounds laid out by Frederick Law Olmsted, who designed New York's Central Park. Since originally coming on the market in 2004, the 10-acre oceanfront estate has had several price drops. A carriage house on the property sold last year for $2.25 million. In June, the rest of the estate sold for $9.2 million.

The buyer, a Boston-area business executive, bought the house through a limited liability corporation. Lanse Robb of LandVest Inc., a Christies's Great Estate affiliate in Boston, handled both sales.

'Frasier' Writer Lists Home

A Palm Springs, Calif., home built for actress-singer Dinah Shore and currently owned by David Lee, a writer for shows like "Frasier," Mr. Lee purchased the 1.34-acre estate in 2002 and spent two years renovating and restoring it. Originally built in 1963, the 7,000-square-foot home has six bedrooms and 7½ bathrooms. A pool house has its own kitchen and bathroom, and there's a tennis court and a full gym with a steam shower.

Ms. Shore, who died in 1994, was known for her television variety shows in the 1940s and '50s. Mr. Lee has won nine Emmy Awards including several for producing shows like "Cheers" and "Frasier" as well as for writing and directing. Tyler Morgan, Todd Monaghan and Keith Markovitz of Pacific Union, Palm Springs, a Christie's Great Estate affiliate, have the listing.