NOT LISTED FOR SALE

Estimated Value: $6,316,000 - $9,393,000

5 Beds
4.5 Baths
4,300 Sq Ft
$1,879/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $6,350,000 $1,477 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $51,126/month

65 Days on Market

Highlights

  • 24-Hour Security
  • Heated In Ground Pool
  • Updated Kitchen
  • Harbor View Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of February 2022

Welcome to 12 Coral Cay located in the exclusive gate guarded community of Crystal Cove. This 5 Bedroom 4.5 Bathroom exquisite estate spans just over 4300 square feet of living space and is situated on an 11,000+ square foot lot. A chef inspired kitchen is equipped with Thermador, Sub Zero, and Bosch appliances. Granite countertops reminiscent of coastal shores drape the kitchen and are carried out throughout the home. A backyard oasis built for year round entertaining includes, multiple covered areas with built in heaters, fans, TV's, speakers, salt water pool and spa, and drought tolerant turf. This home offers dual master suites, one upstairs and one downstairs. All bedrooms upstairs include en suite bathrooms with custom tile and grout work. You will love the warm richness of the walnut flooring carried out in the upstairs bedrooms. A master suite you would only find in a 5 Star resort include a built in wine fridge, coffee making station, refrigerated beverage drawers, custom woodwork, oversized balcony, and the finest custom finishes. Immerse yourself in total relaxation with a jaw dropping master bath. Features include: Steam shower, oversized soaking tub, mirror with built in TV, and a luxurious walk in closet all custom sourced and designed. 12 Coral Cay is located close to world class shopping, dining, beaches, and hiking trails. You won't want to miss this stunning Newport Coast property.

Last Agent to Sell the Property

Gabriel Eric Schmidt

Redfin License #01349352 Listed on: 11/05/2021

Redfin

Co-Listed By

Kevin Curbelo

Ehomes License #01968661

Last Buyer's Agent

Gabriel Eric Schmidt

Redfin License #01349352 Listed on: 11/05/2021

Redfin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $73,513

Year Built

  • Built in 2006

Lot Details

  • 0.26 Acre Lot
  • Brick Fence
  • Density is up to 1 Unit/Acre

HOA Fees

  • $760 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Turnkey
  • Clay Roof
  • Stucco

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Family Room with Fireplace
  • Dining Room
  • Loft
  • Bonus Room
  • Canyon Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Double Self-Cleaning Convection Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops
  • Self-Closing Drawers

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • Retreat
  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Upgraded Bathroom
  • Quartz Bathroom Countertops
  • Bidet
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Pool

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

Schools

  • Corona Del Mar High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 16603
  • Assessor Parcel Number 48913115
  • $3,571 per year additional tax assessments

Community Details

Overview

  • Crystal Cove Association, Phone Number (949) 222-0977
  • Nautilus Subdivision

Amenities

  • Outdoor Cooking Area
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Dog Park
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$73,513

Year Built

Built in 2006

Lot Details

0

HOA Fees

$760 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
  • Subdivision Name Other: Nautilus (CCNA)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 48913115
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4300.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1476.74
  • Room Type: Bonus Room, Family Room, Kitchen, Laundry, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Retreat, Two Masters
  • Bathroom Features: Bathtub, Bidet, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Quartz Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen, Self-Closing Drawers

Exterior Features

  • View: Canyon
  • Fence: Yes
  • Fencing: Brick
  • Pool Features: Private, Heated, Gas Heat, In Ground, Salt Water
  • Pool Private: Yes
  • Roof: Clay
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Double Oven, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Outdoor Cooking Area, Picnic Area, Playground
  • Association Fee: 760.00
  • Association Fee Frequency: Monthly
  • Association Name: Crystal Cove
  • Phone: (949) 222-0977
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Sidewalks, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11154.00
  • Lot Size Acres: 0.2561

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11154.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 49
  • Tax Tract Number: 16603
  • TaxOtherAnnualAssessmentAmount: 3571.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 31, 2022
Sold by
Kevork Mgrian
Bought by
Mgerian Armina
Seller's Agent
Gabriel Eric Schmidt
Redfin
Buyer's Agent
Gabriel Eric Schmidt
Redfin
List Price
$6,999,888
Sold Price
$6,350,000
Premium/Discount to List
-$649,888
-9.28%
Current Estimated Value
$8,080,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,730,257
Avg. Annual Appreciation
7.90%
Original Mortgage
$5,000,000
Outstanding Balance
$4,681,748
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$3,617,628

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 26, 2022
Sold by
Armina Mgerian
Bought by
2018 Mgerian Family Trust
Seller's Agent
Gabriel Eric Schmidt
Redfin
Buyer's Agent
Gabriel Eric Schmidt
Redfin
List Price
$6,999,888
Sold Price
$6,350,000
Premium/Discount to List
-$649,888
-9.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,681,748
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$3,617,628

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 18, 2022
Sold by
Lebrun Kelly C
Bought by
Mgerian Armina
Seller's Agent
Gabriel Eric Schmidt
Redfin
Buyer's Agent
Gabriel Eric Schmidt
Redfin
List Price
$6,999,888
Sold Price
$6,350,000
Premium/Discount to List
-$649,888
-9.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,681,748
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$3,617,628

Purchase Details

Closed on
Aug 29, 2020
Sold by
Lebrun Richard R and Lebrun Kelly C
Bought by
Lebrun Kelly C

Purchase Details

Closed on
Jul 5, 2019
Sold by
Lebrun Richard R and Lebrun Kelly C
Bought by
Lebrun Richard R and Lebrun Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,310,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 2, 2017
Sold by
Irvine Community Development Company Llc
Bought by
The New Home Company Southern California

Purchase Details

Listed on
Apr 13, 2016
Closed on
May 24, 2016
Sold by
Lintner Alexander M and Lintner Gayle K
Bought by
Lebrun Richard Roland and Lebrun Kelly Christine
Seller's Agent
Jason C Bradshaw
Coldwell Banker Realty
Buyer's Agent
Bryn Hutchinson
Re/Max Property Connection
List Price
$4,395,000
Sold Price
$4,375,000
Premium/Discount to List
-$20,000
-0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$3,281,250
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 19, 2015
Closed on
Sep 23, 2015
Sold by
Tomlin Richard E and Tomlin Brenda M
Bought by
Lintner Alexander M and Lintner Gayle K
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Shauna Covington
Berkshire Hathaway HomeServices California Properties
List Price
$4,395,000
Sold Price
$4,000,000
Premium/Discount to List
-$395,000
-8.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.03%
Original Mortgage
$2,400,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2007
Sold by
Wl Homes Llc
Bought by
Tomlin Richard E and Tomlin Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.73%
Mortgage Type
New Conventional
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
Mgerian Armina -- Fidelity National Title
2018 Mgerian Family Trust -- Accommodation/Courtesy Recordi
Mgerian Armina $6,350,000 Fidelity National Title
Lebrun Kelly C -- None Available
Lebrun Richard R -- Stewart Title
The New Home Company Southern California $8,424,000 First American Title Company
Lebrun Richard Roland $4,375,000 Western Resources Title Co
Lintner Alexander M $4,000,000 Ticor Title Company
Tomlin Richard E $3,060,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mgerian Armina $5,000,000
Previous Owner Lebrun Richard R $3,310,000
Previous Owner Lebrun Richard Roland $3,281,250
Previous Owner Lintner Alexander M $2,400,000
Previous Owner Tomlin Richard E $693,000
Previous Owner Tomlin Richard E $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $6,350,000 -7.3% $1,477 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
12/21/2021 12/21/21 Price Changed $6,850,000 -2.1% $1,593 / Sq Ft
11/05/2021 11/05/21 For Sale $6,999,888 +60.0% $1,628 / Sq Ft
06/17/2016 06/17/16 Sold $4,375,000 -0.5% $1,097 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $4,395,000 +9.9% $1,102 / Sq Ft
10/27/2015 10/27/15 Sold $4,000,000 -9.0% $1,061 / Sq Ft
09/26/2015 09/26/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $4,395,000 -- $1,166 / 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 $73,513 $6,738,670 $5,379,641 $1,359,029
2024 $73,513 $6,606,540 $5,274,158 $1,332,382
2023 $71,937 $6,477,000 $5,170,743 $1,306,257
2022 $55,289 $4,925,022 $3,821,400 $1,103,622
2021 $54,248 $4,828,453 $3,746,470 $1,081,983
2020 $53,812 $4,778,944 $3,708,055 $1,070,889
2019 $52,922 $4,657,591 $3,635,348 $1,022,243
2018 $51,735 $4,551,750 $3,564,066 $987,684
2017 $51,381 $4,462,500 $3,494,182 $968,318
2016 $45,935 $4,000,000 $3,035,912 $964,088
2015 $39,740 $3,437,912 $2,306,860 $1,131,052
2014 $38,748 $3,370,569 $2,261,672 $1,108,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21243662

California Regional Multiple Listing Service (CRMLS)

APN: 489-131-15