A
Seller's Agent in 2023
Abraham Lim
Circa Properties, Inc.
(949) 351-6768
1 in this area
9 Total Sales
Estimated Value: $5,806,000 - $40,002,656
6
Beds
7.5
Baths
11,200
Sq Ft
$2,045/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- Sauna
- Newport Coast Elementary School Rated A
- Filtered Pool
- Primary Bedroom Suite
About This Home
As of April 2023Among the finest trophy estates to be publicly offered along the California Coastline, this ocean view estate is championed behind the ultra-exclusive, guarded and gated community of Pelican Crest. Completely redesigned with holistic wellness in mind, the newly redeveloped property has been expanded to 12,000 square feet with thoughtful design touches throughout and offers the latest in design & home automation. With 6 bedrooms (en-suite) and a total of 7 baths, this resort-like property is a statement piece that "wows" even as it maintains a peaceful and inviting home environment. The custom estate is set back from the street and protected by iron gates for an increased level of privacy and security. As you enter the estate through the automatic front gates, a long driveway brings you down to the multi-car garage tucked away from public view.
As you step through the front iron & glass door, guests are greeted by an impressive foyer which showcases breathtaking views of the ocean. The indoor and outdoor spaces are seamlessly integrated by expansive custom windows and sliding doors throughout the property. The serene backyard has multiple styles of pools to enjoy with tranquil water features. The kitchen is fully updated with pro-grade Wolf/Subzero appliances & butler prep area. The elegant bar & lounge area with back-lit onyx stone accents leads into an expanded recreational area that has a full home theatre and professional Full Swing golf simulator. The indoor/outdoor gym area is equipped with a PRX weight system, Tonal, IR sauna, and peaceful workout areas for Pilates and yoga.
The partners’ office featuring panoramic ocean views from every angle is situated in the crown of the home. All six bedrooms and each of the seven bathrooms are richly appointed with the finest materials, some with their own steam/spa showers. The primary suite is its own getaway with spacious living quarters, a retractable TV hidden in the ceiling, and its own private terrace with a built-in jacuzzi pool and beautiful ocean & sunset views. The hotel inspired primary bath showcases floor to ceiling book-matched stonework, heated floors, & shower w/ amazing ocean views. The YSL-themed walk-in closet rivals any modern-day luxury boutique & creates a sense of occasion.
Timeless. Irreplaceable. A property unlike any other, this once-in-a-lifetime opportunity to own this generational treasure is a dream brought to life.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $373,758
Year Built
- Built in 2010
Lot Details
- 0.79 Acre Lot
- Cul-De-Sac
- Garden
- Back and Front Yard
- Density is up to 1 Unit/Acre
HOA Fees
Parking
- 4 Car Attached Garage
Property Views
- Ocean
- Catalina
- Hills
Interior Spaces
- 11,200 Sq Ft Home
- 2-Story Property
- Wine Cellar
- Family Room with Fireplace
- Living Room
- Dining Room with Fireplace
- Home Office
- Game Room
- Sauna
- Home Gym
Bedrooms and Bathrooms
- 6 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Heated Floor in Bathroom
- Soaking Tub
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Pool
- Filtered Pool
- Heated Spa
- Saltwater Pool
- Waterfall Pool Feature
Additional Features
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 26
- Tax Tract Number 15604
- Assessor Parcel Number 47315222
- $3,657 per year additional tax assessments
Community Details
Overview
- Pelican Crest Ii HOA, Phone Number (949) 644-7519
- Newport Coast HOA, Phone Number (866) 378-1099
- First Service Residential HOA
- Pelican Crest Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Clubhouse
Recreation
- Tennis Courts
- Community Playground
- Community Pool
- Community Spa
- Bike Trail
Security
- Security Guard
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2023
Closed on
Apr 10, 2023
Sold by
Douk Family Trust
Bought by
1 Shoreridge Trust
Seller's Agent
Abraham Lim
Circa Properties, Inc.
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$39,988,000
Sold Price
$34,000,000
Premium/Discount to List
-$5,988,000
-14.97%
Total Days on Market
25
Views
212
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
-$11,095,672
Avg. Annual Appreciation
-17.37%
Original Mortgage
$18,300,000
Outstanding Balance
$17,851,386
Interest Rate
5.67%
Mortgage Type
New Conventional
Estimated Equity
$5,057,052
Purchase Details
Listed on
Sep 25, 2020
Closed on
Feb 6, 2021
Sold by
Hunter Dana and Hunter Family Trust
Bought by
Douk Robert and Douk Ami
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Joshua Altman
Douglas Elliman of California, Inc.
List Price
$16,998,000
Sold Price
$14,710,000
Premium/Discount to List
-$2,288,000
-13.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.65%
Purchase Details
Closed on
Apr 12, 2016
Sold by
Hunter Dana
Bought by
Jones Jeff C and Dana J Hunter Grantor Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,704,440
Interest Rate
3.73%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Feb 25, 2004
Sold by
Aronoff Eyal M and Aronoff Yael G
Bought by
Hunter Dana and The Hunter Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1 Shoreridge Trust | $34,000,000 | Chicago Title Company | |
| Douk Robert | $14,710,000 | Ticor Title | |
| Jones Jeff C | $4,116,000 | None Available | |
| Hunter Dana | -- | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1 Shoreridge Trust | $18,300,000 | |
| Previous Owner | Douk Robert | $8,000,000 | |
| Previous Owner | Hunter Dana J | $10,000,000 | |
| Previous Owner | Jones Jeff C | $3,704,440 | |
| Previous Owner | Hunter Dana J | $1,000,000 | |
| Previous Owner | Hunter Dana J | $1,000,000 | |
| Previous Owner | Hunter Dana | $1,200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/13/2023 04/13/23 | Sold | $34,000,000 | -15.0% | $3,036 / Sq Ft |
| 02/15/2023 02/15/23 | For Sale | $39,988,000 | +171.8% | $3,570 / Sq Ft |
| 02/17/2021 02/17/21 | Sold | $14,710,000 | -8.0% | $1,525 / Sq Ft |
| 02/03/2021 02/03/21 | Pending | -- | -- | -- |
| 12/03/2020 12/03/20 | Price Changed | $15,995,000 | -5.9% | $1,658 / Sq Ft |
| 09/25/2020 09/25/20 | For Sale | $16,998,000 | -- | $1,762 / 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 | $373,758 | $34,680,000 | $30,213,122 | $4,466,878 |
| 2023 | $164,171 | $15,304,284 | $11,708,978 | $3,595,306 |
| 2022 | $161,466 | $15,004,200 | $11,479,390 | $3,524,810 |
| 2021 | $72,170 | $6,819,713 | $3,298,787 | $3,520,926 |
| 2020 | $72,521 | $6,749,786 | $3,264,962 | $3,484,824 |
| 2019 | $71,194 | $6,617,438 | $3,200,943 | $3,416,495 |
| 2018 | $69,779 | $6,487,685 | $3,138,180 | $3,349,505 |
| 2017 | $70,025 | $6,360,476 | $3,076,647 | $3,283,829 |
| 2016 | $71,933 | $6,235,761 | $3,016,320 | $3,219,441 |
| 2015 | $71,408 | $6,142,095 | $2,971,013 | $3,171,082 |
| 2014 | $69,776 | $6,021,780 | $2,912,815 | $3,108,965 |
Source: Public Records
Agents Affiliated with this Home
-
Abraham Lim
-
Paul Daftarian
Seller Co-Listing Agent in 2023
Paul Daftarian
Luxe Real Estate
(714) 865-5969
92 in this area
242 Total Sales
-
John Cain
Seller's Agent in 2021
John Cain
Pacific Sothebys
(714) 655-8940
24 in this area
213 Total Sales
-
Buyer's Agent in 2021
Joshua Altman
Douglas Elliman of California, Inc.
(323) 610-0231
3 in this area
495 Total Sales
-
JOANNA PALLANTE
Buyer Co-Listing Agent in 2021
JOANNA PALLANTE
The Beverly Hills Estates
(310) 626-4248
1 in this area
9 Total Sales
Similar Homes in Newport Coast, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23026142
APN: 473-152-22
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