Former Yugoslav Prime Minister Milan Panić Lists Shady Canyon Mansion for $22 Million – Orange County Register
A Shady Canyon mansion modeled after an Italian villa in Irvine owned by Milan Panić, the pharmaceutical magnate who once served as Yugoslavia’s prime minister, is on the market for $21.995 million.
The gated community spans 15,088 square feet with seven en-suite bedrooms, 11 bathrooms, and an indoor pool with a custom mosaic sunburst design.
Panić (pronounced Pahn-ish) bought the luxury property in December 2017 for $17 million, according to records seen on PropertyShark.com show and then listed it nearly two years later.
The home has been on and off the market since September 2019, when it was fetching $19 million. In July 2021, the list price fell to $17.5 million and resurfaced at its current asking price in April.
Adorned with limestone floors, ironwork and hand-carved marble fireplaces, the home built on nearly 1.5 acres in 2003 makes the most of its location. French doors open from the main living areas to the backyard with stunning views of the golf course and rolling hills.
There is a large sitting area with a fireplace.
The land also features a front yard, reflecting pool, limestone terraces, expansive lawns and a Mediterranean-inspired landscape of olive trees, Italian cypresses and oak trees.
Barrel and coffered ceilings, Venetian plaster and custom millwork adorn the luxurious floor plan inside the home.
There is a 15-seat theatre, a wine cellar with storage for 1,000 bottles and a bar.
The main living areas include a formal living room, formal dining room, family room, and kitchen with a large center island, pantry, and breakfast nook that open to the backyard and summerhouse pavilions. kitchen.
There is also a library in the tower.
Take the stairs or elevator up to the master suite. It features a custom closet and a spa-like bathroom with a marble steam shower and a jetted tub.
The paneled office suite spans two levels and opens onto the terrace with a staircase leading to the grounds below.
Tim Smith of Coldwell Banker Realty owns the list.
Panić, 92, a Serbian-American entrepreneur and former politician, championed peace and prosperity in the Balkans. He made millions with the pharmaceutical company he started in his Pasadena garage in 1960 and then took it around the world. He resigned as head of listed company ICN Pharmaceuticals in 2002.
Despite being an American citizen, Panić ran against Slobodan Milošević for president of Serbia in 1992 but lost. He then served as Prime Minister of Yugoslavia from 1992 to 1993.
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