NEWPORT BEACH (CBSLA.com) — A luxury home in the affluent city of Newport Beach in Orange County is up for sale in a very unique way.

The waterfront property on Channel Road located just blocks from the famous surf spot The Wedge is currently priced at more than $13 million.

But now its owner is trying a different approach and plans on dropping the price every day by $50,000 until a buyer is found.

The 6,880-square-foot home with six bedrooms and eight bathrooms is even complete with a 2,500-bottle wine cellar.

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