UPDATE: The Bellinos sold their home via short sale for $3 million.


Last August, we reported that Real Housewives of OC Alexis Bellino and her husband, Jim, avoided foreclosure when they worked out a loan modification with their lender.  Evidently, they are still not out of the woods and the Bellino’s house in Newport Beach, CA is still at risk of foreclosure (see celebrity foreclosures). The Orange County Register reports a foreclosure auction on their home was scheduled for Monday, but was rescheduled to Feb. 10.

In the meantime, the home is on the market for $3,395,000, which is a huge drop from the original asking price of $7,999,000 in 2008, according to Zillow’s Price History chart. The home description states “Owner has over $6 Million into the property, reduced for quick sale.” Reportedly, the property is a short sale in which the lender, JPMorgan Chase, would have to agree to the final price.

Here is the home’s full description, with a celebrity name drop included:

Owner has over $6 Million into the property, reduced for quick sale. Completely Remodeled Bayshore Estate rests in the BEST interior location & 50′ from $35M waterfront sale previously owned by Nicholas Cage. Boasting 6,400 sqft on a rare double lot and alluring with warm contemporary architecture this home has been completely remodeled with every high-end amenity imaginable. High ceilings, gorgeous crown molding, pristine wood floors, and a grand staircase adds elegance. Entertain in style and luxury with a state-of-art kitchen, wine cellar, home theater, & large recreational area with pool table & bar. This custom home offers spacious liv’g and din’g areas opening up to an expansive private courtyard with a relaxing spa and fireplace. Soothe your soul with the bay breezes while lounging upstairs on a wrap around balcony and rooftop view deck. Complete with 6 bedrooms, 6.5 baths, 6 car garage, multiple family rooms, den/office, and gym.

> See more photos of the Bellino’s house

> See Newport Beach real estate

> See Newport Beach home values

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