An oceanview Newport Coast estate owned by billionaire businessman Paul Merage, inventor of microwave-crisping Hot Pockets turnovers, is on the market for $40 million.
Currently, it’s the most expensive listing in guard-gated Pelican Crest on the MLS.
The 11,041-square-foot residence in a Mediterranean style has six bedrooms and 11 bathrooms. It stands two stories high on a third-acre-plus lot with an expansive underground level featuring a wine cellar and tasting room, gym, home spa and garage lined with walls of storage closets…