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Even million-dollar mansions can become big bargains. That's especially true when banks repossess them from delinquent borrowers and put them back on the market.
This modern Mediterranean villa is in a golf course community packed with million-dollar-plus houses. It boasts views of Mount Diablo and is a short drive to the vineyards of Livermore Valley, according to listing agent Patricia Duran.
The interior includes many luxury features like a two-story grand foyer and a chef's kitchen with brand new appliances.
Outside are deep porticos, perfect for outdoor entertaining, and a tile-roofed summer house.
During the housing bubble in 2006, this place sold for $2.6 million -- a 26% premium to today's asking price.
For further information, visit Trulia