NOT LISTED FOR SALE

Estimated Value: $7,923,000 - $14,953,658

5 Beds
7 Baths
8,471 Sq Ft
$1,318/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $6,116,500 $722 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $65,690/month

Highlights

  • White Water Ocean Views
  • Home Theater
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Heated In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of September 2017

Magnificent Mediterranean Estate! Set behind massive private gates in a prestigious guard gated community is this recently expanded, reconstructed and highly upgraded custom estate. ALL remodeling was done by the current owners! Boasting unobstructed ocean and city light views, the setting is truly spectacular! Set at the end of a cul-de-sac, with complete privacy, the two story floor plan spans approx. 8500 sq ft. Interior attributes include all new 850 sq ft gym, hair salon, and a large paneled office/library with a shark tank. In addition, there is a dramatic master suite with sitting room, large marble bathroom and a newly added tremendous finished walk in closet. In addition there is a newly built separate staircase leading to the all new state of the art theater, lobby and wet bar. New interior finishes include limestone and solid walnut flooring, limestone capped staircases, and much more. The resort quality grounds are graced with an extra deep custom pool and spa with water features, lush manicured lawns, fire pit and an outdoor kitchen/ BBQ center!

Last Agent to Rent the Property

Rex Mckown

Compass License #01275953 Listed on: 07/28/2017

Compass

Last Renter's Agent

Hosana Saputra

Surterre Properties Inc. License #01320561

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,080

Year Built

  • Built in 1997

Lot Details

  • 0.47 Acre Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights
  • Golf Course
  • Canyon
  • Mountain

Interior Spaces

  • 8,471 Sq Ft Home
  • Furnished
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Theater

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gas Heated Pool
  • Saltwater Pool

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Zoned Heating and Cooling

Listing and Financial Details

  • Security Deposit $70,000
  • Rent includes gardener, pool, sewer, trash collection
  • Available 7/28/17
  • Tax Lot 54
  • Tax Tract Number 14038
  • Assessor Parcel Number 47707122

Community Details

Overview

  • Property has a Home Owners Association
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,080

Year Built

Built in 1997

Lot Details

0

Parking

4

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2017-07-28
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 1000
  • Deposit Security: 70000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Pelican Ridge (NCPR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47707122
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8471.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Outside
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.95
  • Room Type: Formal Entry, Home Theatre, Laundry, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • View: Canyon, Catalina, City Lights, Coastline, Golf Course, Harbor, Mountain(s), Ocean, Panoramic, Pier, White Water
  • Pool Features: Association, Private, In Ground, Salt Water, Heated, Gas Heat
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20591.00

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: Month To Month
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Gardener, Pool, Sewer, Trash Collection

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 54
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2013
Closed on
Apr 14, 2015
Sold by
Bryant Vanessa
Bought by
Red River Pinnacle Llc
Seller's Agent
Jordan Cohen
RE/MAX One
Buyer's Agent
Marcy Weinstein
Compass
List Price
$8,599,000
Sold Price
$6,116,500
Premium/Discount to List
-$2,482,500
-28.87%
Current Estimated Value
$11,162,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,046,386
Avg. Annual Appreciation
5.98%

Purchase Details

Closed on
Dec 30, 2011
Sold by
Bryant Kobe
Bought by
Bryant Vanessa and Vanessa Bryant Trust

Purchase Details

Closed on
Sep 20, 2001
Sold by
Manley Dwight N
Bought by
Bryant Kobe and The K Bean Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.91%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Manley Dwight N and Manley Sahar
Bought by
Manley Dwight N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
7.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 1997
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Manley Dwight N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.49%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Red River Pinnacle Llc $6,116,500 Ticor Title
Bryant Vanessa -- None Available
Bryant Kobe -- Stewart Title
Manley Dwight N -- Fidelity National Title Ins
Manley Dwight N $1,700,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bryant Kobe $1,100,000
Previous Owner Manley Dwight N $870,000
Previous Owner Manley Dwight N $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2017 09/14/17 Rented $25,000 -28.6% --
07/28/2017 07/28/17 Price Changed $35,000 -99.9% $4 / Sq Ft
07/28/2017 07/28/17 For Rent $35,000,000 +139900.0% --
04/26/2016 04/26/16 Rented $25,000 -16.7% --
11/03/2015 11/03/15 For Rent $30,000 0.0% --
05/29/2015 05/29/15 Sold $6,116,500 -28.9% $722 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
08/19/2013 08/19/13 For Sale $8,599,000 -- $1,015 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $78,080 $7,390,061 $5,297,851 $2,092,210
2024 $78,080 $7,245,158 $5,193,971 $2,051,187
2023 $76,345 $7,103,097 $5,092,129 $2,010,968
2022 $75,084 $6,963,821 $4,992,283 $1,971,538
2021 $73,185 $6,827,276 $4,894,395 $1,932,881
2020 $73,042 $6,757,271 $4,844,209 $1,913,062
2019 $71,705 $6,624,776 $4,749,225 $1,875,551
2018 $70,279 $6,494,879 $4,656,103 $1,838,776
2017 $69,973 $6,367,529 $4,564,807 $1,802,722
2016 $70,232 $6,209,776 $4,475,301 $1,734,475
2015 $57,842 $5,014,923 $3,718,484 $1,296,439
2014 -- $4,916,688 $3,645,644 $1,271,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17173369

California Regional Multiple Listing Service (CRMLS)

APN: 477-071-22