$13,500,000
SOLD AUG 22, 2019
6 Beds
6.5 Baths
8,297 Sq Ft
0.46 Acres

Recently Sold

$1,627 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Home Theater
  • Newport Coast Elementary School Rated A
  • 24-Hour Security
  • Private Pool

About This Home

As of August 2019

This magnificent 8,293 sq.ft estate is located on an appx. 20,000 sq.ft premier corner lot on the highest elevated street in the prestigious gated community of Pelican Crest in Newport Coast. This unique home features 6 elegant bedroom suites, 6.5 bathrooms, an office, home theater, and a 1700+ sq.ft, 6 car garage and showcases 180 degree views of the Pacific Ocean. The stunning opulent master suite offers amazingly beautiful ocean views, two fireplaces, wet bar, inviting sitting area with grand master bathroom with over-sized sunken bathtub and shower, dual vanities, and a massive walk-in closet with balcony. The main floor features cathedral ceilings and a grand dual staircase foyer that leads to the formal living and dining rooms, and a bar and wine cellar that offers gorgeous ocean views. The large gourmet kitchen with top-of-line appliances opens up to an over-sized family room overlooking the Pacific Ocean. The beautiful, professional, lush landscaping is adorned with fountains, pool, Jacuzzi, built-in BBQ and flowers and is perfect for entertaining. The property is conveniently located close to world-class shopping, schools and pristine beaches.

Last Agent to Sell the Property

Clara Lobel

Pacific Sotheby's Int'l Realty License #01894850

Last Buyer's Agent

Kathy Zhou

Ascendant Realty License #01923693

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $155,818

Year Built

  • Built in 2000

Lot Details

  • 0.46 Acre Lot
  • Cul-De-Sac
  • Corner Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $728 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • Converted Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Catalina

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 8,297 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Bar
  • Crown Molding
  • Cathedral Ceiling
  • French Doors
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Storage
  • Laundry Room

Kitchen

  • Kitchenette
  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Bidet
  • Bathtub
  • Walk-in Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Location

  • Suburban Location

Schools

  • Newport Coast Elementary School
  • Corona Del Mar High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 626
  • Assessor Parcel Number 47308337

Community Details

Overview

  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security

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

6

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Attendant, Fire Sprinkler System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Pelican Crest (NCPC)
  • View: Yes
  • Architectural Style: Mediterranean
  • 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 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Cathedral Ceiling(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Storage, Two Story Ceilings, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Eating Area: Breakfast Nook, Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1627.09
  • Room Type: Family Room, Formal Entry, Great Room, Home Theatre, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Media Room, Office, Retreat, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, Association
  • Bathroom Features: Bathtub, Bidet, Shower, Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Kitchenette

Exterior Features

  • Patio: Yes
  • View: Catalina, Ocean
  • Patio And Porch Features: Patio
  • Pool Features: Private, Association
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Converted Garage, Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Microwave, Refrigerator, Trash Compactor, Water Heater
  • Heating Type: Central, Zoned
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Biking Trails, Hiking Trails, Clubhouse, Maintenance Grounds
  • Association Fee: 728.00
  • Association Fee Frequency: Monthly
  • Association Name: ...
  • Phone: ...
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban
  • Association Management: ...

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Cul-De-Sac, Front Yard, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 19991.00
  • Lot Size Acres: 0.4589
  • Latitude Manual: 33.59487700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19991.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 626.43

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
7
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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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: OC19129912

California Regional Multiple Listing Service (CRMLS)

APN: 473-083-37