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Funko toy executive Brian Mariotti has once again listed his spectacular Coronado, CA, mansion—at a lower price this time around.

In March 2022, the sprawling spread made its market debut at $39 million but was reduced to $32 million earlier this year. After a brief hiatus, the property was relisted at $29,995,000 for what will hopefully be a charmed third time.

Mariotti purchased the Spanish-style estate in the beach town off the coast of San Diego in 2017 for $12.2 million. Over the next four years, the toy maker carefully and thoughtfully transformed the 1925-era home into a luxury playground.

The majestic 15,067-square-foot “Coronado Castle” now boasts such lavish delights as a full-service spa, putting green, and a “secret garden.”

So considering the millions poured into the pretty palace, the price cut could be considered a real deal.

“After buying the original house, they purchased the land next door for $6 million and adjoined the properties,” says listing agent Jason Oppenheim, of The Oppenheim Group and Netflix’s “Selling Sunset.”

Another $12 million was spent during the remodel, he adds.

Aerial view

Just 100 feet from the beach, the historical landmark boasts one of the largest lots in Coronado.

“It’s very much like an oasis to have that much land and just be steps from the ocean,” Oppenheim says. “You really don’t get this amount of land in Coronado.”

The home was designed for a luxurious lifestyle, offering abundant state-of-the-art amenities.

A dramatic foyer features a spiral staircase and hand-hewn beams, a nod to the home’s history. The palatial interior boasts everything from opulent tile and ornate ironwork to custom light fixtures.

The home was originally designed in the Mission Revival style by Richard Requa for Michigan furniture manufacturer W.A. Gunn, who is said to have had an affinity for timeless beauty.

Mariotti’s renovation painstakingly preserved the property’s heritage.

“I have walked through a lot of remodels over the years, but I can’t say that I have ever seen a more authentic remodel than this,” Oppenheim notes. “They imported items from Europe that are 200 to 300 years old. The tile around the pool is over 300 years old. There are a couple of beams that are original that they matched by handcarving the beams. The details are just extraordinary.”

An elegant dining room has a hand-painted, coffered ceiling. Just beyond, arched steel glass doors open to the pool deck.

The massive kitchen is designed with a marble island, La Cornue range and rotisserie, double Sub-Zero fridge, Miele steam oven, coffee station, and wet bar.

A lavish lower level is thoughtfully arranged for entertaining, with its golf simulator, media room, and bar. But the area’s crown jewel is its 25-seat, “Star Wars”-themed movie theater.

“The movie theater is one of the largest theaters I have ever seen in a home,” Oppenheim notes.

There’s also a fitness center, spa and dry sauna, massage table, and ice bath.

And the magnificent grounds really wow with a fire-pit lounge, full outdoor kitchen, and pool.

Oppenheim believes the property could be a vacation home for a buyer who lives in Los Angeles or Orange County.

“I think it will be someone who appreciates the real craftsmanship of the design,” he predicts, of the future owners. “I hope they are able to recognize just how timeless and authentic it is. It’s a rare person who will actually understand the thousands of decisions and thousands of hours spent creating the design of the home. It’s a home that will still look good in 100 years, that you will never need to remodel.”

Source: realtor.com