This year's most newsworthy OC real estate offering: A Newport Beach oceanfront landmark on a double lot on the sand at Peninsula Point. This contemporary masterpiece - the subject of magazine features - was designed by renowned Michael Kollin, of Kollin Altomare Architects, to house a most impressive art collection...and to afford luxury-without-bounds living on a picturesque white sand beach. Truly deserving of the title "beachfront estate," this incomparably beautiful residence encompasses two grand-scale homes, the 5 bedroom, 5.5 bath main house and the 2 bedroom, 3 bath guest house, which are connected by unabashedly gorgeous - and decadent - grounds including a pool, spa, koi ponds, myriad oceanfront terraces, a grassy beachfront lawn, cabana, pool bar and kitchen and many additional amenities. Art-quality finishes embellish every room - with exotic natural materials providing a painterly counterpoint to the spellbinding views of the crashing Pacific, the Newport coastline and Catalina beyond. Most rooms flow effortlessly to the beachfront and grounds, with large-scale, "disappearing" wood and glass doors. With too many highlights to enumerate, one notes the incredibly rare subterranean level of the guest house, designed for indulgent entertainment and lounging, with media capabilities, bar and an impressive saltwater aquarium window affording dramatic underwater pool views. Private and secure.