The historic oceanfront property is called Villa Rockledge. It's located along south Pacific Coast Highway.
"I don't think you can find another home like this in Southern California," said David Jaffe, vice president, Premiere Estates Auction Company. "It's right on the water, has 120 feet of private beach, and a saltwater pool."
The property was built in 1919 and completed in 1923.
"There's a main house with five bedrooms and five baths and about 5,000 square feet," said Jaffe.
The main home and six private villas are joined by meandering pathways lush with vegetation. A small tower leads from the main house down to some of the villas.
The home was built by Frank Miller and designed by Arthur Benton, both known for their work at the Mission Inn in Riverside. That influence can be seen throughout the property, from the windows to the decorations on the doors.
Every room has unique detail and just about every room on this property has a gorgeous view.
The property has been on the National Register of Historic Places since 1984. The sellers have owned the property for decades, but now want to sell.
"They've had their enjoyment with it. They've lived in it for almost 40 years. They're ready to move on to the next part of their life," said Jaffe. "They want to sell it by a certain time and they want to get market value and instead of waiting for the market to come, they hired us to bring the market to them."
The opening bid is $10.5 million. Premiere Estates Auction Company expects the unique property could bring in as much as $25 million when it sells at auction on December 15.
