$4,283,000 - $10,516,540
RENTED AUG 8, 2024
6 Beds
10 Baths
13,260 Sq Ft
$617 Price per Sq Ft

Last Sold October 22, 2021

Last sale price $7,000,000 $528 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $52,417/month

About This Home

As of October 2021

This state-of-the-art retreat boasts impeccable craftsmanship and design on more than a half-acre of flat land in the Newport Beach Back Bay. Set behind private gates, this compound-like residence offers more than 16,700 sq. ft. of living space (including a 3,500 sq. ft., 11 car garage), 5 en-suite bedrooms, 10 baths, a soundproof home theater with memory foam carpet, a game room, office, wine cellar, an attached guest house with private entry, a spacious home gym, and much more. No expense was spared in this refined custom estate with premium finishes throughout, including limestone flooring, 12 ft. wood beam ceilings, and palatial corridors. The gourmet kitchen is replete with state-of-the-art appliances, leathered granite kitchen counters, a butler's pantry, and two kitchen islands with scratch and stain-resistant Kedra countertops. The resort-style backyard showcases a pool/spa, outdoor shower, and massive loggia replete with lounge areas, bar, and a 1,500 sq. ft. covered outdoor kitchen featuring a built-in BBQ with a rotisserie grill, warming drawer, oversized glass refrigerator, nugget ice machine, and more. The 1,300 sq. ft. primary suite occupies its own wing, with an office or nursery space, boutique-style walk-in closet, spa bathroom, and fireplace. Conveniently located on the upper level, is a full-sized laundry room with dual washer and dryer units and a dog washing station; a third laundry set is situated in the lower-level butler's pantry. The entire main house is wired to a generator in case of a power outage, a Falsken water filtration system, and is equipped with built-in audio, and extensive video surveillance and monitoring system. This exclusive address is a rare opportunity for those seeking privacy, opulence, and space just minutes away from the best destinations in Newport Beach.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jul 25, 2023
Sold by
Oppenheim Jason
Bought by
Cypress Estate Llc
Seller's Agent
Jason Oppenheim
The Oppenheim Group, Inc.
Buyer's Agent
Matthew Peters
The Oppenheim Group
Sold Price
$43,500
Views
69
Current Estimated Value
$8,187,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,144,135

Purchase Details

Listed on
Jul 27, 2021
Closed on
Oct 14, 2021
Sold by
Bangert Kelly and Bangert Jillian
Bought by
Oppenheim Jason
Seller's Agent
Jason Oppenheim
The Oppenheim Group, Inc.
Buyer's Agent
Jason Oppenheim
The Oppenheim Group
List Price
$9,995,000
Sold Price
$7,000,000
Premium/Discount to List
-$2,995,000
-29.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$4,550,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2016
Sold by
West Desert Properties Llc
Bought by
Bangert Kelly and Bangert Jillian

Purchase Details

Listed on
May 5, 2015
Closed on
Feb 11, 2016
Sold by
Bangert Kelly
Bought by
West Desert Properties Llc
Seller's Agent
Jim Heydorff
Jim Heydorff
Buyer's Agent
Candi Choumas
Re/Max Partners
List Price
$1,895,000
Sold Price
$1,375,000
Premium/Discount to List
-$520,000
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.17%
Original Mortgage
$945,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 5, 2015
Closed on
Feb 10, 2016
Sold by
Bangert Jill
Bought by
Bangert Kelly
Seller's Agent
Jim Heydorff
Jim Heydorff
Buyer's Agent
Candi Choumas
Re/Max Partners
List Price
$1,895,000
Sold Price
$1,375,000
Premium/Discount to List
-$520,000
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 5, 2015
Closed on
Dec 28, 2015
Sold by
Newport L & M Properties Llc
Bought by
Bangert Kelly
Seller's Agent
Jim Heydorff
Jim Heydorff
Buyer's Agent
Candi Choumas
Re/Max Partners
List Price
$1,895,000
Sold Price
$1,375,000
Premium/Discount to List
-$520,000
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 23, 2004
Sold by
Mcmillan Jack W and Mcmillan Patricia M
Bought by
Newport L & M Properties Llc

Purchase Details

Closed on
Apr 1, 2003
Sold by
Koll Donald M
Bought by
Mcmillan Jack W and Mcmillan Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.65%

Purchase Details

Closed on
May 12, 1999
Sold by
Koll Donald M
Bought by
Koll Donald M and The Koll Separate Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
6.86%
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
Cypress Estate Llc -- None Listed On Document
Oppenheim Jason $7,000,000 Chicago Title
Bangert Kelly -- Accommodation
West Desert Properties Llc -- None Available
Bangert Kelly -- First American Title Company
Bangert Kelly -- First American Title Company
Newport L & M Properties Llc -- None Available
Mcmillan Jack W -- None Available
Mcmillan Jack W $825,000 Fidelity National Title Co
Koll Donald M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oppenheim Jason $4,550,000
Previous Owner Bangert Kelly $500,000
Previous Owner Bangert Kelly $2,000,000
Previous Owner Bangert Kelly $945,000
Previous Owner Mcmillan Patricia M $445,000
Previous Owner Mcmillan Jack W $450,000
Previous Owner Koll Donald M $7,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Rented $43,500 0.0% --
07/15/2024 07/15/24 For Rent $43,500 0.0% --
08/25/2023 08/25/23 Rented $43,500 0.0% --
04/28/2023 04/28/23 For Rent $43,500 +9.0% --
02/17/2022 02/17/22 Rented $39,900 0.0% --
02/08/2022 02/08/22 For Rent $39,900 0.0% --
10/22/2021 10/22/21 Sold $7,000,000 -22.2% $528 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $8,995,000 -10.0% $678 / Sq Ft
07/27/2021 07/27/21 For Sale $9,995,000 +626.9% $754 / Sq Ft
02/24/2016 02/24/16 Sold $1,375,000 -8.0% $1,320 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
11/05/2015 11/05/15 Price Changed $1,495,000 -11.8% $1,435 / Sq Ft
09/08/2015 09/08/15 Price Changed $1,695,000 -10.6% $1,627 / Sq Ft
05/05/2015 05/05/15 For Sale $1,895,000 -- $1,819 / Sq Ft

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 $77,470 $7,282,800 $2,902,667 $4,380,133
2023 $75,635 $7,140,000 $2,845,751 $4,294,249
2022 $74,365 $7,000,000 $2,789,951 $4,210,049
2021 $57,138 $5,362,941 $1,411,457 $3,951,484
2020 $56,576 $5,307,951 $1,396,984 $3,910,967
2019 $55,385 $5,203,874 $1,369,592 $3,834,282
2018 $49,956 $4,690,826 $1,342,738 $3,348,088
2017 $24,395 $2,260,194 $1,290,599 $969,595
Source: Public Records

Agents Affiliated with this Home

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