NOT LISTED FOR SALE

Estimated Value: $8,619,000 - $9,974,140

5 Beds
5.5 Baths
5,048 Sq Ft
$1,846/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $7,749,000 $1,535 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $58,673/month

68 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • City Lights View
  • Newport Coast Elementary School Rated A
  • Spa
  • Updated Kitchen

About This Home

As of September 2022

Secluded behind the covered gates of Pelican Heights in Newport Coast sits 1 Vista Tramonto. Sitting as a refined example of elegance, grandeur, and beauty, the newly renovated property’s approx. 5,000 sqft of interior living space is curated with the attention to detail that would satisfy any discerning buyer's search. The 5000 square-foot interior is magnified with 5 full bedroom suites, multiple bonus spaces both indoor and out, large towering ceilings and a remodel conducted with the highest level of finishes and quality control. The owner spared no expense with commissioning the most refined custom cabinetry, countertops, flooring and trim pieces, door handles and additional hardware that are on par only with the finest hotels. The main kitchen & secondary “butlers kitchen” house some of the highest grade appliances available on the market for both everyday cooking and dining, to large gatherings alike. Outside on the nearly 13,600 squarefoot corner parcel, the grounds are immaculate & private. Large open grassy areas perfect for playing along with multiple different hardscaped atmospheres with built in fire pit & seating, dining section, and lounging pavilions make the grounds an amazing place to spend time with family and friends. When originally built in 2002, the builders constructed the home towards the foremost south eastern part of the parcel, allowing for ample backyard and side yard space perfect for a pool & spa to be built without the interruption of any of the aforementioned spaces. The property's 14 sets of french doors and dozens of windows lather every square inch of the property's interior making the home bright and airy at every turn. Completing this home are world class examples of dining, shopping, award-winning schools, The Pelican Hill resort and the Crystal Cove State Beach just minutes away.

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 05/27/2022

Co-Listed By

Joe Poppingo

Luxe Real Estate License #02055583

Last Buyer's Agent

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 05/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,443

Year Built

  • Built in 2002

Lot Details

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

HOA Fees

Parking

  • 3 Car Attached Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Library
  • Bonus Room
  • Home Gym
  • Wood Flooring
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Outdoor Features

  • Spa
  • Stone Porch or Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303316
  • $284 per year additional tax assessments

Community Details

Overview

  • Pelican Heights Association, Phone Number (949) 363-1963
  • Keystone HOA
  • Pelican Heights Montecito Subdivision

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,443

Year Built

Built in 2002

Lot Details

0

HOA Fees

$775 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s)
  • Subdivision Name Other: Pelican Heights - Montecito (MONT)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303316
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5048.00 Square Feet
  • Interior Amenities: Built-in Features, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Nook
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1535.06
  • Room Type: Bonus Room, Entry, Exercise Room, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association, Community
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Remodeled, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood
  • Patio And Porch Features: Stone
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Built-In Storage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas & Electric Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Gym/Ex Room, Clubhouse, Management, Guard, Security, Controlled Access
  • Association Fee: 650.00
  • Association #2 Fee: 125.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Heights
  • Phone: 949.363.1963
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Keystone

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13534.00
  • Lot Size Acres: 0.3107

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13534.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 11
  • Tax Tract Number: 14070
  • TaxOtherAnnualAssessmentAmount: 284.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2022
Sold by
Heleon Group Llc
Bought by
Sarin Jay and Sarin Vera
Current Estimated Value
$9,319,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,036,850
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2020
Closed on
Apr 13, 2021
Sold by
Boyd Larry C and Boyd Anita Meister
Bought by
Heleon Group Llc
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Michael Fawaz
Compass
List Price
$4,950,000
Sold Price
$4,608,000
Premium/Discount to List
-$342,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
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
Sarin Jay $7,749,000 New Title Company Name
Heleon Group Llc $4,608,000 Western Resources Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarin Jay $5,036,850
Previous Owner Boyd Larry C $417,000
Previous Owner Boyd Larry C $250,000
Previous Owner Boyd Larry C $439,000
Previous Owner Boyd Larry C $497,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $7,749,000 -13.9% $1,535 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $8,998,000 +95.3% $1,782 / Sq Ft
05/12/2021 05/12/21 Sold $4,608,000 -6.9% $913 / Sq Ft
04/07/2021 04/07/21 For Sale $4,950,000 +7.4% $981 / Sq Ft
04/05/2021 04/05/21 Off Market $4,608,000 -- --
12/26/2020 12/26/20 Price Changed $4,950,000 -6.2% $981 / Sq Ft
11/29/2020 11/29/20 For Sale $5,279,000 -- $1,046 / 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 $85,443 $8,062,059 $6,866,640 $1,195,419
2024 $85,443 $7,903,980 $6,732,000 $1,171,980
2023 $83,538 $7,749,000 $6,600,000 $1,149,000
2022 $50,899 $4,700,160 $3,648,245 $1,051,915
2021 $23,861 $2,247,906 $1,409,652 $838,254
2020 $24,283 $2,224,857 $1,395,198 $829,659
2019 $23,969 $2,181,233 $1,367,841 $813,392
2018 $23,499 $2,138,464 $1,341,020 $797,444
2017 $24,155 $2,096,534 $1,314,726 $781,808
2016 $26,242 $2,055,426 $1,288,947 $766,479
2015 $26,089 $2,024,552 $1,269,586 $754,966
2014 $25,521 $1,984,894 $1,244,716 $740,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22110330

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-16