$11,500,000
SOLD JAN 31, 2025
5 Beds
5.5 Baths
5,450 Sq Ft
0.25 Acres

Recently Sold

$2,110 Per Sq Ft

12% Below List Price

84 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Solar Heated In Ground Pool
  • Abraham Lincoln Elementary School Rated A
  • New Construction
  • 3-minute walk to Irvine Terrace Park

About This Home

As of January 2025

REDUCED $1,000,000 FROM ORIGINAL ASKING PRICE! Brand-new, single-level, soft contemporary masterpiece. Nestled in the exclusive Irvine Terrace neighborhood of Corona Del Mar, this custom residence epitomizes luxurious living with fine finishes, incredible style, and a stunning open-concept design. Spanning over 5,450 +/- square feet on an impressive 11,021 +/- square foot corner lot, this home offers five bedrooms, a home office with fireplace, and six meticulously designed bathrooms, each reflecting opulent finishes and cutting-edge amenities. Step inside to find natural European oak flooring, European-style rift oak cabinetry, brilliant millwork, vein-cut Travertine stone on fireplaces and in primary bath, limestone in all secondary baths, matte black door hardware, designer light fixtures and bath fixtures with brushed nickel and chrome finishes. The open floor plan brims with natural light and seamlessly connects with the outdoor living spaces (via one-touch automated sliding glass doors), which feature a resort-style rear yard complete with covered patio, a pool, spa, built-in BBQ, and a fire pit. Culinary enthusiasts will appreciate the state-of-the-art kitchen equipped with marble countertops, a Miele refrigeration package, three Miele dishwashers, a Miele 48-inch gas range, hood, oven/microwave, Bocci light fixtures, and a built-in coffee machine, along with a prep kitchen with sink and dishwasher. The primary suite offers a 72-inch free-standing tub, television, dual sinks, a makeup table, dual toilet rooms, and large closets. Modern conveniences include Lutron light control in the primary suite and common areas, and three Sonos audio systems with built-in speakers, and an 8-camera security system. Additional highlights include a 96-bottle, climate-controlled wine wall, three-car finished garage, dual washers and dryers, pocket doors for seamless transitions between spaces, custom Sauna and pre-plumbed outdoor area for cold plunge (designed by Alpha Industries), four separate HVAC systems with Smart thermostats, and privacy hedges surrounding the backyard for ultimate seclusion. Located across PCH from the Newport Beach Country Club, residents of Irvine Terrace also enjoy proximity to pristine beaches, world-class shopping and dining, transportation hubs and John Wayne International Airport. Offering undeniable quality, unparalleled amenities and an extraordinary location, 1912 Kewamee is an opportunity not to be missed.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty Brokerage Phone: 949.478.7772 License #01467294 Listed on: 09/16/2024

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Tara McNabb

Compass License #01871729

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,256

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.25 Acre Lot
  • West Facing Home
  • Landscaped
  • Corner Lot
  • Sprinklers Throughout Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway

Home Design

  • Custom Home
  • Contemporary Architecture
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Interior Block Wall
  • Copper Plumbing

Interior Spaces

  • 5,450 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Insulated Windows
  • Window Screens
  • Entryway
  • Wine Cellar
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Storage
  • Wood Flooring

Kitchen

  • Dumbwaiter
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Self-Cleaning Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Utility Sink
  • Disposal

Bedrooms and Bathrooms

  • Retreat
  • 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • Bathroom on Main Level
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Multiple Shower Heads
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors are 32 inches wide or more

Pool

  • Solar Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool
  • Solar Heated Spa
  • Permits For Spa
  • Permits for Pool

Outdoor Features

  • Covered patio or porch
  • Fireplace in Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Suburban Location

Schools

  • Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Two cooling system units
  • High Efficiency Air Conditioning
  • Forced Air Zoned Heating and Cooling System
  • High Efficiency Heating System
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected
  • Tankless Water Heater
  • Water Purifier
  • Water Softener
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 2813
  • Assessor Parcel Number 05032209
  • $380 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Irvine Terrace Association, Phone Number (949) 409-6060
  • Irvine Terrace Subdivision

Recreation

  • Community Playground
  • Bike Trail

Additional Features

  • Picnic Area
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,256

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$48 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: No
  • Architectural Style: Contemporary, Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05032209
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 5450.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Block Walls, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Dumbwaiter, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Stone Counters, Storage, Two Story Ceilings
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, 48 Inch Or More Wide Halls
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Entry Level: 1
  • Fireplace Features: Primary Bedroom, Outside, Patio, Great Room
  • Levels: One
  • Main Level Bathrooms: 6
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 2110.09
  • Room Type: All Bedrooms Down, Bonus Room, Den, Entry, Great Room, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Media Room, Office, Retreat, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, In Ground, Permits, Solar Heated
  • Window Features: Double Pane Windows, Insulated Windows, Screens
  • Bathroom Features: Bathtub, Shower, Double Sinks In Primary Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Linen Closet/Storage, Main Floor Full Bath, Privacy Toilet Door, Quartz Counters, Separate Tub And Shower, Upgraded, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Slab
  • Patio And Porch Features: Covered, Patio, Stone
  • Pool Features: Private, Heated, In Ground, Permits, Salt Water, Solar Heat
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener, Oversized, Private
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, High Efficiency Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan, Water Line to Refrigerator, Water Purifier, Water Softener
  • Electric: 220 Volts in Garage, Electricity - On Property
  • Heating Type: Central, Fireplace(s), Forced Air, High Efficiency, Zoned
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area, Playground, Biking Trails, Management
  • Association Fee: 48.00
  • Association Fee Frequency: Monthly
  • Association Name: Irvine Terrace
  • Phone: 949.409.6060
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights, Suburban
  • Association Management: Irvine Terrace

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Lot 10000-19999 Sqft, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 11021.00
  • Lot Size Acres: 0.2530

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11021.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 35
  • Tax Tract Number: 2813
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Jan 8, 2025
Sold by
Kewamee Cdm Llc
Bought by
Rivera Family Trust and Rivera
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Tara McNabb
Compass
List Price
$12,995,000
Sold Price
$11,500,000
Premium/Discount to List
-$1,495,000
-11.5%
Total Days on Market
84
Views
134
Current Estimated Value
$7,417,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,082,739
Avg. Annual Appreciation
-53.56%
Original Mortgage
$7,475,000
Outstanding Balance
$7,396,979
Interest Rate
5.92%
Mortgage Type
New Conventional
Estimated Equity
$622,655

Purchase Details

Listed on
Sep 29, 2023
Closed on
Sep 3, 2024
Sold by
Casa Artc Group Llc
Bought by
Kewamee Cdm Llc
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$9,975,000
Sold Price
$10,075,000
Premium/Discount to List
$100,000
1%
Views
135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.38%

Purchase Details

Closed on
May 24, 2024
Sold by
Ez Properties Llc
Bought by
Casa Arte Group Llc

Purchase Details

Closed on
Nov 9, 2022
Sold by
Kewamee Llc
Bought by
Ez Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,826,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 2, 2020
Sold by
Elkayam Ami and Elkayam Gali
Bought by
Kewamee Llc
Seller's Agent
Justin Smith
Berkshire Hathaway HomeService
Buyer's Agent
Gabe Cole
Real Broker
List Price
$3,395,000
Sold Price
$3,361,050
Premium/Discount to List
-$33,950
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.64%
Original Mortgage
$1,800,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2020
Closed on
Aug 13, 2020
Sold by
Lincoln Family Trust
Bought by
Elkayam Ami and Elkayam Gali
Seller's Agent
Justin Smith
Berkshire Hathaway HomeService
Buyer's Agent
Gabe Cole
Real Broker
List Price
$3,395,000
Sold Price
$3,361,050
Premium/Discount to List
-$33,950
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2009
Sold by
Lincoln Winslow S and Lincoln Carol H
Bought by
Lincoln Winslow S and Lincoln Carol H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2001
Sold by
Lincoln Winslow S and Lincoln Carol H
Bought by
Lincoln Winslow S and Lincoln Carol H
Source: Public Records

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Range of Values:

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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 $11,500,000 Fidelity National Title
Grant Deed $10,075,000 Fidelity National Title
Grant Deed -- Innovative Title Company
Grant Deed $3,925,000 Doma Title
Grant Deed -- Accommodation
Grant Deed $3,361,500 North American Title
Interfamily Deed Transfer -- Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,475,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $2,826,000 New Conventional
Previous Owner $1,800,000 New Conventional
Previous Owner $194,775 New Conventional
Previous Owner $203,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $196,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $11,500,000 -4.1% $2,110 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
10/23/2024 10/23/24 Price Changed $11,995,000 -7.7% $2,201 / Sq Ft
09/16/2024 09/16/24 For Sale $12,995,000 +29.0% $2,384 / Sq Ft
09/11/2024 09/11/24 Sold $10,075,000 +1.0% $1,850 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
09/29/2023 09/29/23 For Sale $9,975,000 +154.1% $1,832 / Sq Ft
01/10/2023 01/10/23 Sold $3,925,000 -1.8% $1,603 / Sq Ft
10/27/2022 10/27/22 For Sale $3,995,000 +18.9% $1,631 / Sq Ft
09/17/2020 09/17/20 Sold $3,361,050 -1.0% $1,372 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $3,395,000 -- $1,386 / 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
2024 $49,256 $4,643,811 $3,783,320 $860,491
2023 $37,037 $3,496,836 $3,292,551 $204,285
2022 $36,426 $3,428,271 $3,227,991 $200,280
2021 $35,727 $3,361,050 $3,164,697 $196,353
2020 $3,017 $259,367 $153,759 $105,608
2019 $2,960 $254,282 $150,744 $103,538
2018 $2,902 $249,297 $147,789 $101,508
2017 $2,851 $244,409 $144,891 $99,518
2016 $2,862 $239,617 $142,050 $97,567
2015 $2,759 $236,018 $139,916 $96,102
2014 $2,694 $231,395 $137,175 $94,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24122025

California Regional Multiple Listing Service (CRMLS)

APN: 050-322-09