R
Seller's Agent in 2014
Robert Giem
Plus Real Estate
(949) 933-7046
1 in this area
52 Total Sales
10 Skycrest Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $3,489,000
6
Beds
9
Baths
11,500
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- Ocean View
- Private Pool
- 0.79 Acre Lot
- Newport Coast Elementary School Rated A
- Primary Bedroom Suite
- Dual Staircase
About This Home
As of November 2014One of the finest ocean view estates in Newport Coast, this exquisite Pelican Crest custom residence occupies an exceptional hill top parcel of nearly one acre. Breathtaking panoramas of the harbor, channel entrance, and sea, are viewed from the house, terraces and expansive Mediterranean gardens. Grand, yet incredibly private, this Palladian style residence is hidden from the street behind walled gardens. A colonnade of Italian cypress leads guests through a forecourt planted with olive trees, citrus and roses. Classical Renaissance architecture defines the residence and its tastefully detailed interiors. Impressive for entertaining, the two-story reception hall leads to spacious entertaining rooms opening to the loggia, courtyards, pool and vast ocean view gardens beyond. The master suite occupies the seaward facing second floor and includes a large viewing terrace. In the garden, a separate pavilion and bar service outdoor entertaining, overlooking the ocean. Completing the property are mulitple garages at grade level (ideal for collectible cars) and a separate guest suite with private entrance. Set in Newport’s most desirable gated community, and only minutes from the area’s most desirable amenities, the lifestyle afforded here is unmatched.
Last Agent to Sell the Property
Plus Real Estate License #01082750 Listed on: 11/04/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $209,590
Year Built
- Built in 2002
Lot Details
- 0.79 Acre Lot
- Cul-De-Sac
- Landscaped
- Front Yard
HOA Fees
- $710 Monthly HOA Fees
Parking
- 5 Car Attached Garage
Property Views
- Ocean
- Coastline
- Harbor
- Catalina
- Panoramic
- City Lights
Home Design
- Copper Plumbing
- Plaster
- Stucco
Interior Spaces
- 11,500 Sq Ft Home
- Dual Staircase
- Built-In Features
- Bar
- Beamed Ceilings
- Wood Burning Fireplace
- Electric Fireplace
- Gas Fireplace
- Living Room with Fireplace
- Home Office
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Maid or Guest Quarters
- Bidet
- Bathtub
Pool
- Private Pool
- Spa
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Sewer Paid
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 15105
- Assessor Parcel Number 47308339
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2013
Closed on
Nov 7, 2014
Sold by
Montecito Bank & Trust
Bought by
Namara Holdings Llc
Seller's Agent
Robert Giem
Plus Real Estate
Buyer's Agent
Richelle deJong
Luxre Realty, Inc.
List Price
$18,500,000
Sold Price
$16,500,000
Premium/Discount to List
-$2,000,000
-10.81%
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
-$13,011,000
Avg. Annual Appreciation
-9.40%
Purchase Details
Closed on
Jun 20, 2013
Sold by
First Citizens Bank & Trust Company
Bought by
Montecito Bank & Trust and Emerald Bay Exempt Investment Trust Iii
Purchase Details
Closed on
Mar 19, 2013
Sold by
Faith 5 Llc
Bought by
First Citizens Bank and The Emerald Bay Exempt Investment Trust
Purchase Details
Closed on
Feb 17, 2012
Sold by
Newton Joan and Friedman Vanene Kay
Bought by
Faith 5 Llc
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
3.25%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 15, 2009
Sold by
Pz Holdings Ltd
Bought by
Newton Joan and Friedman Vanene Kay
Purchase Details
Closed on
Jun 26, 2007
Sold by
Jones Fletcher
Bought by
Pz Holdings Ltd
Purchase Details
Closed on
May 17, 2004
Sold by
Cordero Alfonso G and Cordero Mercy B
Bought by
Jones Fletcher and Fletcher Jones Jr 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
$6,600,000
Interest Rate
6.27%
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 |
|---|---|---|---|
| Namara Holdings Llc | $16,500,000 | Lawyers Title Insurance Corp | |
| Montecito Bank & Trust | -- | None Available | |
| First Citizens Bank | -- | First American Title Company | |
| Faith 5 Llc | -- | First American Title Company | |
| Newton Joan | -- | Fidelity National Title Co | |
| Pz Holdings Ltd | -- | Equity Title Company | |
| Jones Fletcher | -- | Southland Title | |
| Cordero Alfonso G | -- | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Faith 5 Llc | $1,000,000 | |
| Previous Owner | Jones Fletcher | $6,600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2014 11/19/14 | Sold | $16,500,000 | -4.9% | $1,435 / Sq Ft |
| 10/29/2014 10/29/14 | Pending | -- | -- | -- |
| 06/03/2014 06/03/14 | Price Changed | $17,350,000 | -6.2% | $1,509 / Sq Ft |
| 11/04/2013 11/04/13 | For Sale | $18,500,000 | -- | $1,609 / 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 |
|---|---|---|---|---|
| 2025 | $209,590 | $19,830,531 | $16,868,066 | $2,962,465 |
| 2024 | $209,590 | $19,441,698 | $16,537,320 | $2,904,378 |
| 2023 | $204,808 | $19,060,489 | $16,213,059 | $2,847,430 |
| 2022 | $201,434 | $18,686,754 | $15,895,155 | $2,791,599 |
| 2021 | $196,942 | $18,320,348 | $15,583,486 | $2,736,862 |
| 2020 | $195,768 | $18,132,496 | $15,423,697 | $2,708,799 |
| 2019 | $191,854 | $17,776,957 | $15,121,271 | $2,655,686 |
| 2018 | $188,020 | $17,428,390 | $14,824,776 | $2,603,614 |
| 2017 | $185,456 | $17,086,657 | $14,534,094 | $2,552,563 |
| 2016 | $185,079 | $16,751,625 | $14,249,112 | $2,502,513 |
| 2015 | $183,443 | $16,500,000 | $14,035,077 | $2,464,923 |
| 2014 | $161,775 | $14,565,830 | $12,229,273 | $2,336,557 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Giem
-
Richelle deJong
Buyer's Agent in 2014
Richelle deJong
Luxre Realty, Inc.
(949) 293-2009
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13224386
APN: 473-083-39
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