$5,749,000
OPEN SAT 1PM - 4PM $249K PRICE DROP

Estimated payment $36,461/month

Total Views 117,205
4 Beds
3.5 Baths
3,631 Sq Ft
$1,583 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Clubhouse
  • Corner Lot
  • Newport Coast Elementary School Rated A
  • Main Floor Bedroom
  • Community Pool

About This Home

Ideally positioned on a private corner lot at the end of a serene cul-de-sac, 21 Observatory seamlessly blends sophisticated design with luxurious upgrades. This renovated & recently refreshed residence showcases 4 bedrooms, 3.5 bathrooms, and approximately 3,631 square feet of impeccably curated living space. Every detail has been thoughtfully considered from 18”x36” limestone and European oak flooring to custom inlaid cabinetry, striking Calacatta marble countertops, and artisan-crafted ironwork. A state-of-the-art Lutron lighting system sets the perfect ambiance throughout, while a suite of premium Viking and Sub-Zero appliances enhances both function and form in the chef’s kitchen. The garage is a standout feature in itself, offering Cleaf cabinetry which makes it feel more like a high-end showroom than a utility space. Upstairs, the primary suite is a true retreat, featuring warm wood flooring, a stone-wrapped balcony, and a spa-inspired bathroom with marble flooring, an oversized stone shower, freestanding Hydro-spa tub, and a fully customized walk-in closet. Located within a 24-hour guard-gated community, residents enjoy resort-style amenities including an Olympic-sized heated pool, spa, toddler pool, outdoor barbecues, a grand fireplace lounge, and direct access to scenic Coastal Peak Park. Just moments from award-winning schools, upscale shopping, dining, and pristine beaches, this home offers the ultimate in privacy, luxury, and lifestyle.

Listing Agent

Paul Daftarian

Luxe Real Estate Brokerage Phone: 949-484-0387 License #01317949 Listed on: 04/11/2025

Co-Listing Agent

Joe Poppingo

Luxe Real Estate Brokerage Phone: 949-484-0387 License #02055583

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,394

Year Built

  • Built in 2004

Lot Details

  • 6,418 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $560 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3,631 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Zoned Cooling

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 16461
  • Assessor Parcel Number 47846315
  • $5,108 per year additional tax assessments

Community Details

Overview

  • Pacific Ridge Maint Assoc. Association, Phone Number (888) 679-2500
  • First Service Residential HOA
  • Cypress Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,394

Year Built

Built in 2004

Lot Details

0

HOA Fees

$560 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Cypress (PRCP)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47846315
  • Year Built: 2004
  • Special Features: OpenHouse

Interior Features

  • Fireplace: Yes
  • Living Area: 3631.00 Square Feet
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1583.31
  • Room Type: Family Room, Jack & Jill, Kitchen, Main Floor Bedroom, Primary Suite, Walk-In Closet

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Playground, Clubhouse, Guard
  • Association Fee: 560.00
  • Association Fee Frequency: Monthly
  • Association Name: Pacific Ridge Maint Assoc.
  • Phone: 888-679-2500
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 6418.00
  • Lot Size Acres: 0.1473

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6418.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 14
  • Tax Tract Number: 16461
  • TaxOtherAnnualAssessmentAmount: 5108.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $45,394 $3,888,495 $2,970,540 $917,955
2023 $44,426 $3,812,250 $2,912,294 $899,956
2022 $43,299 $3,737,500 $2,855,190 $882,310
2021 $29,332 $2,399,605 $1,507,949 $891,656
2020 $28,676 $2,308,265 $1,470,137 $838,128
2019 $28,826 $2,263,005 $1,441,310 $821,695
2018 $28,373 $2,218,633 $1,413,049 $805,584
2017 $28,831 $2,175,131 $1,385,342 $789,789
2016 $27,525 $2,132,482 $1,358,179 $774,303
2015 $26,589 $2,100,451 $1,337,778 $762,673
2014 $26,019 $2,059,307 $1,311,573 $747,734
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 For Sale $5,998,000 +60.5% $1,652 / Sq Ft
10/18/2021 10/18/21 Sold $3,737,500 -6.4% $1,029 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
08/29/2021 08/29/21 For Sale $3,995,000 +68.2% $1,100 / Sq Ft
01/21/2020 01/21/20 Sold $2,375,000 -10.4% $654 / Sq Ft
12/21/2019 12/21/19 Pending -- -- --
11/18/2019 11/18/19 Price Changed $2,650,000 -3.9% $730 / Sq Ft
10/29/2019 10/29/19 Price Changed $2,758,000 -3.5% $760 / Sq Ft
10/10/2019 10/10/19 Price Changed $2,858,000 -4.6% $787 / Sq Ft
09/04/2019 09/04/19 For Sale $2,995,000 +46.1% $825 / Sq Ft
04/19/2013 04/19/13 Sold $2,050,000 -2.4% $588 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $2,100,000 -- $602 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,737,500 North American Title Company
Grant Deed $2,375,000 First American Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $2,050,000 Ticor Title Tustin Orange Co
Corporate Deed $1,947,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,543,750 New Conventional
Previous Owner $390,000 Credit Line Revolving
Previous Owner $1,435,000 New Conventional
Previous Owner $1,200,000 Negative Amortization
Source: Public Records

About the Listing Agent

Paul Daftarian

Luxe Real Estate

(855) 768-0995

Section Image

Paul Daftarian, co-founder, and principal of the Daftarian Group has forged a sterling reputation for luxury real estate sales representation throughout Southern California over a career that spans more than fifteen years. An agent of choice for discerning clients – ranging from first-time buyers to sophisticated investors – Paul is known for his extensive expertise and six-star service. Today, Paul focuses his practice on the most exclusive enclaves in coastal orange county.

Beyond

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  • 8 Night Sky, Newport Coast, CA 92657

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    Nestled in the prestigious guard-gated community of Pacific Ridge, this front-row residence offers unobstructed ocean and canyon views and features ~3,912 square feet of refined living space on an oversized ~12,923 square foot lot. With sit-down ocean views and a spacious floor plan, this home is a true gem of coastal luxury. 8 Night Sky offers a main-floor Casita and a second-floor Primary Suite

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  • 31 Blue Heron, Irvine, CA 92603

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  • 31 Harcourt, Newport Coast, CA 92657

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    Situated in a private and very quiet section behind the exclusive guard gates of Newport Ridge North, 31 Harcourt exemplifies refined coastal living. This recently reimagined Rivage Plan 4 has been thoughtfully renovated throughout, with nearly every interior detail curated to elevate both comfort and style. Bathed in natural light thanks to its desirable west-facing orientation, the home

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  • 5772 Sierra Casa Rd, Irvine, CA 92603

    $6,398,000 Open Sat 2PM - 5PM

    • 5 Beds
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    • 5772 Sierra Casa Rd
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    Completed in 2025, this residence redefines modern living with refined design, curated detail, and a level of craftsmanship that distinguishes 5772 Sierra Casa as a design-forward masterpiece. Offering 5,012 square feet of thoughtfully designed living space on a 6,210 square foot lot, this 5-bedroom, 6-bath contemporary property balances bold scale with understated elegance. A dramatic

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  • 7 Sailview, Newport Coast, CA 92657

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  • 32 Wharfside Dr, Newport Coast, CA 92657

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    • 32 Wharfside Dr
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    Nestled behind the exclusive guard gates of Crystal Cove, this newly reimagined single-level residence embodies the essence of coastal luxury. Offering 4 bedrooms, 3.5 bathrooms, and a versatile office/bonus room, this home spans over 3,100 sqft of thoughtfully designed living space. Located at the end of a serene cul-de-sac on a premium end-unit parcel, the property provides unmatched privacy

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25064091

California Regional Multiple Listing Service (CRMLS)

APN: 478-463-15