$10,380,000
SOLD JUL 14, 2016
6 Beds
6.5 Baths
8,297 Sq Ft
0.46 Acres

Recently Sold

$1,251 Per Sq Ft

6% Below List Price

25 Days on Market

Highlights

  • Ocean View
  • In Ground Spa
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • Primary Bedroom Suite
  • Zoned Heating and Cooling

About This Home

As of August 2019

Perched atop a premiere corner lot on the highest elevated street in the custom enclave of Pelican Crest One the timeless elegance of this estate is evident from the moment you walk in. This 6 bedroom 6.5 bathroom home showcases 180 degree views of the pacific ocean with Catalina in the foreground. The main floor features the grand dual staircase foyer that leads to the formal ocean facing living and dining room accompanied by bar and wine cellar. Over sized gourmet kitchen with informal dining and living all look out over the expansive lawn to the pacific. 1700+ sqft. garage, home theater, laundry room, executive office suite and two guest suite all located on grade. The upper level is home to 3 beautifully accented guest suites all with private outdoor balconies. The glorious Master Suite offers inviting sitting area, two fireplaces, wet bar, circular ocean facing bed chamber with balcony, grand master bathroom with over-sized sunken bathtub and shower, his and her vanities in addition to bathroom closets, and massive custom closet with balcony. The exterior grounds are beautifully adorned with well appointed hardscape and lush landscapes all surrounded by pool, jacuzzi, and fountains.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Helina Yang

Imax Realty & Mortgage Inc. License #01347294

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $155,818

Year Built

  • Built in 2000

HOA Fees

  • $728 Monthly HOA Fees

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Catalina

Interior Spaces

  • 8,297 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Pool

  • In Ground Spa
  • Private Pool

Additional Features

  • 0.46 Acre Lot
  • Suburban Location
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 15105
  • Assessor Parcel Number 47308337

Home Details

Home Type

Single Family

Est. Annual Taxes

$155,818

Year Built

Built in 2000

Lot Details

0

HOA Fees

$728 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Crest (NCPC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47308337
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8297.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1251.05
  • Room Type: Family Room, Living Room, Master Bedroom, Master Suite
  • Spa Features: In Ground, Private

Exterior Features

  • View: Catalina, Ocean
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 728.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19991.00
  • Price Per Lot Square Foot: 519.23

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 15105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2024
Sold by
Real Homeownership Trust and Wilmington Savings Fund Society Fsb
Bought by
Zhao Wuzhong and Chen Ting
Total Days on Market
25
Current Estimated Value
$6,573,000

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 15, 2019
Sold by
Ching Sze Wai
Bought by
Wilmington Savings Fund Society Fsb and Real Homeownership Trust
Seller's Agent
Clara Lobel
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kathy Zhou
Ascendant Realty
List Price
$13,988,000
Sold Price
$13,500,000
Premium/Discount to List
-$488,000
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.79%

Purchase Details

Listed on
Jun 8, 2016
Closed on
Jul 7, 2016
Sold by
The Watanabe Living Trust
Bought by
Ching Sze Wai
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Helina Yang
Imax Realty & Mortgage Inc.
List Price
$10,998,000
Sold Price
$10,380,000
Premium/Discount to List
-$618,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Sep 16, 2005
Sold by
The Montgomery Living Trust
Bought by
The Watanabe Living Trust

Purchase Details

Closed on
Jan 8, 2002
Sold by
Foster Brian C
Bought by
14 Skycrest Llc

Purchase Details

Closed on
May 11, 2000
Sold by
Newport Custom Estates Inc
Bought by
Foster Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.22%
Mortgage Type
Credit Line Revolving

Map

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 Type Sale Price Title Company
Grant Deed $13,771,500 Fidelity National Title
Grant Deed $13,500,000 Fidelity Natl Ttl Orange Cnt
Grant Deed $10,380,000 Lawyers Title
Grant Deed -- Southland Title Corporation
Quit Claim Deed -- --
Grant Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $350,000 Credit Line Revolving
Previous Owner $2,000,000 Unknown
Previous Owner $1,625,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2019 08/22/19 Sold $13,500,000 -3.5% $1,627 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $13,988,000 +34.8% $1,686 / Sq Ft
07/14/2016 07/14/16 Sold $10,380,000 -5.6% $1,251 / Sq Ft
06/08/2016 06/08/16 For Sale $10,998,000 -- $1,326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $155,818 $14,474,728 $11,150,304 $3,324,424
2023 $152,281 $14,190,910 $10,931,670 $3,259,240
2022 $149,772 $13,912,657 $10,717,323 $3,195,334
2021 $146,276 $13,639,860 $10,507,179 $3,132,681
2020 $145,588 $13,500,000 $10,399,440 $3,100,560
2019 $116,503 $10,799,352 $7,999,566 $2,799,786
2018 $114,180 $10,587,600 $7,842,711 $2,744,889
2017 $112,929 $10,380,000 $7,688,932 $2,691,068
2016 $102,921 $9,118,000 $6,970,384 $2,147,616
2015 $86,881 $7,588,000 $5,440,384 $2,147,616
2014 $86,441 $7,588,000 $5,440,384 $2,147,616
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16123226

California Regional Multiple Listing Service (CRMLS)

APN: 473-083-37