1 Premiere Point Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $5,418,000 - $26,514,558
6
Beds
9
Baths
11,402
Sq Ft
$1,400/Sq Ft
Est. Value
Highlights
- Ocean View
- Koi Pond
- Home Theater
- Newport Coast Elementary School Rated A
- Wine Cellar
- In Ground Pool
About This Home
As of November 20231 Premiere Point is an address unsurpassed in its prestige, evoking a sense of sublime luxury and offering a rare opportunity to own a nearly ¾-acre parcel on Newport Coast’s coveted front row. Perched on the edge of the Pelican Hill Resort with 240’ feet of view frontage, this prime locale offers commanding views of the iconic coastline, giving the feeling that all of Southern California is within your grasp; from the sunsets over Palos Verdes melding into the Pacific, to Catalina and San Clemente Islands looming large, while the ultra-luxe yachts of Newport Harbor beckon, city lights glisten, and Pelican Hill Golf Course lies at your feet. Sun-drenched limestone walls and a slate roof give way to a recently refreshed interior that offers 11,402 s.f. +/-, with 6 bedrooms, 9 bathrooms, and an elevator for effortless access. A lavish foyer links to a living room with intricate moldings, a stone fireplace, and a row of ocean-facing French doors. An open family room is a comforting space to host friends and family, featuring a wet bar, fireplace, and French doors that open to an airy loggia. The adjoining kitchen is equipped with top of line appliances, a prep sink, and an oversized island. The demands of an extraordinary lifestyle are anticipated and effortlessly met, with a 2-story library, dedicated theater with a new state-of-the-art projector, large wine cellar, full home gym, and a 8-car garage. The primary bedroom is a calming retreat, with a fireplace, sitting area, couture-worthy dual closets, and French doors that open to a balcony overlooking manicured greens and rugged coastline. Dual ensuite bathrooms radiate luxury, with opulent stone surfaces, and every amenity necessary to indulge in pure bliss. Five secondary bedrooms offer ensuite bathrooms for an elevated guest experience. Situated on a quiet cul-de-sac, sprawling private grounds offer an immersive experience in enchanting French charm, featuring covered loggias, a barbecue pavilion, infinity pool, spa, formal gardens, a terraced lower yard with a verdant lawn, and koi pond with cascading waterfall. Whether hosting spirited cocktail parties or intimate gatherings, this is where memories of the sun dipping below the ocean linger long after the last ray fades. Residents are nearby to the prestigious Pelican Hill Resort and Golf Club, Fashion Island, world-class dining, and the beautiful beaches of Newport and Laguna.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $277,777
Year Built
- Built in 2002
Lot Details
- 0.68 Acre Lot
- Cul-De-Sac
- Sprinkler System
HOA Fees
Parking
- 8 Car Direct Access Garage
- Parking Available
- Controlled Entrance
Property Views
- Ocean
- Catalina
- Panoramic
- Golf Course
- Pool
Home Design
- Planned Development
- Slate Roof
Interior Spaces
- 11,402 Sq Ft Home
- 3-Story Property
- Elevator
- Dual Staircase
- Built-In Features
- Bar
- Crown Molding
- Coffered Ceiling
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Awning
- French Doors
- Entryway
- Wine Cellar
- Living Room
- Dining Room
- Home Theater
- Library
- Storage
- Laundry Room
- Basement
Kitchen
- Breakfast Area or Nook
- Double Oven
- Gas Oven
- Six Burner Stove
- Gas Range
- Warming Drawer
- Dishwasher
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 6 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Bathroom on Main Level
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
- Closet In Bathroom
Pool
- In Ground Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Balcony
- Fireplace in Patio
- Open Patio
- Koi Pond
- Exterior Lighting
Location
- Suburban Location
Schools
- Newport Coast Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 14065
- Assessor Parcel Number 47306127
- $445 per year additional tax assessments
Community Details
Overview
- Pelican Hill Community Assoc. Association, Phone Number (949) 448-6103
- First Service Residential Association, Phone Number (949) 448-6103
- First Service Mgmt Co HOA
- Pelican Hill Subdivision
Security
- Security Guard
- Resident Manager or Management On Site
- Controlled Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2023
Closed on
Oct 27, 2023
Sold by
Nb Pelican Investment Inc
Bought by
Greenvest Llc
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
RUI DAI
Keller Williams Realty Irvine
List Price
$28,800,000
Sold Price
$25,800,000
Premium/Discount to List
-$3,000,000
-10.42%
Total Days on Market
62
Views
292
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,833,721
Avg. Annual Appreciation
-26.92%
Purchase Details
Listed on
Feb 20, 2013
Closed on
Dec 9, 2013
Sold by
Downey James
Bought by
Nb Pelican Investment Inc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Tami Wang
RE/MAX One
List Price
$16,900,000
Sold Price
$14,000,000
Premium/Discount to List
-$2,900,000
-17.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$8,400,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 24, 2010
Sold by
Hogan Walter N and Hogan Susan G
Bought by
Downey James and The James Downey Revocable Trust
Purchase Details
Closed on
Nov 15, 1999
Sold by
Tenebaum Wendy L
Bought by
Hogan Walter N and Hogan Susan G
Purchase Details
Closed on
Mar 6, 1997
Sold by
Irvine Community Development Company
Bought by
Tenebaum Wendy L
Purchase Details
Closed on
Mar 3, 1997
Sold by
Tenebaum Lawrence S
Bought by
Tenebaum Wendy L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Greenvest Llc | $25,800,000 | Ticor Title | |
| Nb Pelican Investment Inc | $14,000,000 | Fidelity National Title Oran | |
| Downey James | $13,000,000 | Ticor Title Riverside | |
| Hogan Walter N | -- | Fidelity National Title Ins | |
| Tenebaum Wendy L | -- | First American Title Ins Co | |
| Tenebaum Wendy L | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mb Pelican Investment Inc | $8,500,000 | |
| Previous Owner | Nb Pelican Investment Inc | $8,400,000 | |
| Previous Owner | Hogan Walter N | $5,500,000 | |
| Previous Owner | Hogan Walter N | $7,500,000 | |
| Previous Owner | Hogan Walter N | $3,500,000 | |
| Previous Owner | Hogan Walter N | $3,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2023 11/09/23 | Sold | $25,800,000 | -10.4% | $2,263 / Sq Ft |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- |
| 07/19/2023 07/19/23 | For Sale | $28,800,000 | +105.7% | $2,526 / Sq Ft |
| 01/22/2014 01/22/14 | Sold | $14,000,000 | -17.2% | $1,229 / Sq Ft |
| 12/10/2013 12/10/13 | Pending | -- | -- | -- |
| 02/20/2013 02/20/13 | For Sale | $16,900,000 | -- | $1,483 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $277,777 | $25,800,000 | $20,844,441 | $4,955,559 |
| 2023 | $176,735 | $16,495,661 | $11,972,172 | $4,523,489 |
| 2022 | $173,824 | $16,172,217 | $11,737,423 | $4,434,794 |
| 2021 | $169,992 | $15,855,115 | $11,507,277 | $4,347,838 |
| 2020 | $168,951 | $15,692,541 | $11,389,284 | $4,303,257 |
| 2019 | $165,600 | $15,384,845 | $11,165,965 | $4,218,880 |
| 2018 | $162,292 | $15,083,182 | $10,947,025 | $4,136,157 |
| 2017 | $160,423 | $14,787,434 | $10,732,378 | $4,055,056 |
| 2016 | $159,137 | $14,497,485 | $10,521,939 | $3,975,546 |
| 2015 | $157,733 | $14,279,720 | $10,363,890 | $3,915,830 |
| 2014 | $149,606 | $13,586,604 | $9,843,668 | $3,742,936 |
Source: Public Records
Agents Affiliated with this Home
-
John Cain
Seller's Agent in 2023
John Cain
Pacific Sothebys
(714) 655-8940
25 in this area
214 Total Sales
-
RUI DAI
R
Buyer's Agent in 2023
RUI DAI
Keller Williams Realty Irvine
(626) 372-3370
2 in this area
32 Total Sales
-
Fei Li
Buyer Co-Listing Agent in 2023
Fei Li
Keller Williams Realty Irvine
(949) 353-9999
5 in this area
284 Total Sales
-
Rex Mckown
Seller's Agent in 2014
Rex Mckown
Compass
(949) 689-5018
19 in this area
59 Total Sales
-
Marcy Weinstein
Seller Co-Listing Agent in 2014
Marcy Weinstein
Compass
(949) 689-3550
16 in this area
42 Total Sales
-
Tami Wang
Buyer's Agent in 2014
Tami Wang
RE/MAX
(949) 394-7100
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22251238
APN: 473-061-27
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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