Orange County Register Mobile story - Blufftop mansion's price cut $25 million

Portabello, the sprawling, 20,000-plus square-foot, two-level blufftop home in Corona del Mar is back on the market with a listing price chopped by a third.

Owner Frank Pritt, a computer software mogul, is now reportedly asking $49.6 million for the residence that boasts its own theater, bowling alley, soda shop and jewelry store. It also features an outdoor grotto, two pools and an upper-deck whirlpool tub with a see-through plastic bubble on the bottom. (Click on photos above for larger views!) When the home first went up for sale four years ago, it?s $75 million asking price was the county?s high and the second-highest in the nation.

The Wall Street Journal reports:

"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."