An extravagant estate long owned by the late Air Force major general turned homebuilder and civic leader William Lyon has roared onto the market in . The asking price? A jaw-dropping $125 million, though that amount might seem far less outrageous when you consider the property’s lavish features—a 24,000-square-foot car museum, a private gas station, and a helipad, just for starters.

Should the place go for anywhere near that amount, it would set a record for the most expensive residential transaction ever recorded in the area—eclipsing the sale of a Newport Coast mansion to LoanDepot founder Anthony Hsieh in 2020. Waiting in the wings, however, is the 42-acre estate in San Juan Capistrano that’s currently listed for $150 million.

“Whoever gets the opportunity to own this piece of real es

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