NOT LISTED FOR SALE

Estimated Value: $8,145,000 - $28,784,686

6 Beds
9 Baths
12,234 Sq Ft
$1,509/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $22,200,000 $1,815 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $113,049/month

144 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • 24-Hour Security
  • El Morro Elementary School Rated A+
  • Wine Cellar
  • Projection Room

About This Home

As of April 2023

An enchanting estate fully reimagined inside and out behind the guarded gates of The Customs in Crystal Cove.
Reminiscent of an Italian villa, the designer furnished 6 bedroom residence is situated on approximately 32,500 SF lot on a corner lot affording the home unique privacy.
The home is approximately 12,234 SF and that does not include the 8 car garage and large loggia.

Walk through the front gate and enter into your own enchanted garden with mature plants and trees.
Enter through a soaring glass front door to a stately romantic modern interior with Italian Calcutta gold marble slab floors throughout the home, including a stunning circular Calcutta gold staircase with solid brass railings to all 3 levels.

As you walk through the magnificent foyer to the artfully decorated living room, across the foyer is a fully paneled office with only the best of Artesian workmanship. Going further to the family living space is the Chef’s kitchen – ready for entertaining! Custom marble double islands, Wolf appliances and sub-zero refrigerators.

Stepping into the family room – coffered ceilings, wood floors, custom movie screen with surround sound system, stunning solid marble bar and sliding glass doors to a private loggia.

Equally impressive is the fabulous Primary Suite with custom moldings throughout. The Primary Bedroom has a spa like retreat that you only dream of.

The lower level is the entertainment place. Your movie theater has velvet upholstered walls with custom lighting with a fully integrated Savant stereo system throughout the home. Impressive wine cellar for the true wine collector.

All this and so much more!

Last Agent to Sell the Property

Hanna Karcho-Polselli

Luxury Fine Homes, Inc. License #01982040 Listed on: 11/07/2022

Co-Listed By

Remo Polselli

Luxury Fine Homes, Inc. License #02111349

Last Buyer's Agent

Ying Ye

Signature One Realty Grp, Inc License #01878042

Signature One Realty Grp, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $240,437

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • 0.75 Acre Lot
  • Property fronts a private road
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

HOA Fees

  • $1,245 Monthly HOA Fees

Parking

  • 8 Car Attached Garage
  • Parking Available
  • Driveway Down Slope From Street
  • Automatic Gate

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Catalina
  • City Lights
  • Woods
  • Pool
  • Neighborhood
  • Courtyard

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Planned Development
  • Stone Foundation
  • Spanish Tile Roof

Interior Spaces

  • 12,234 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Wired For Data
  • Built-In Features
  • Bar
  • Chair Railings
  • Crown Molding
  • Coffered Ceiling
  • Two Story Ceilings
  • Gas Fireplace
  • Window Screens
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Projection Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Storage
  • Utility Room
  • Home Gym
  • Center Hall
  • Finished Basement
  • Sump Pump

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Butlers Pantry
  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Halls are 48 inches wide or more
  • More Than Two Accessible Exits

Pool

  • Heated Infinity Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Above Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Balcony
  • Outdoor Fireplace
  • Exterior Lighting
  • Gazebo
  • Outdoor Grill
  • Rain Gutters

Utilities

  • High Efficiency Air Conditioning
  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Water Purifier
  • Water Softener

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 16455
  • Assessor Parcel Number 47726124
  • $8,425 per year additional tax assessments

Community Details

Overview

  • Crystal Cove Association, Phone Number (949) 855-1800
  • Keystone Pacific HOA
  • Crystal Cove Estate Collection Subdivision

Amenities

  • Outdoor Cooking Area
  • Clubhouse
  • Banquet Facilities

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Jogging Track
  • Bike Trail

Security

  • 24-Hour Security
  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$240,437

Year Built

Built in 2007 | Remodeled

Lot Details

0

HOA Fees

$1,245 per month

Parking

8

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 310-617-8258
  • Other Phone Description: 310-617-8258
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Gated with Guard, Guarded, Security System, Smoke Detector(s)
  • Subdivision Name Other: Crystal Cove Estate Collection (CCEC)
  • View: Yes
  • Architectural Style: Custom Built, Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47726124
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 12234.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Chair Railings, Coffered Ceiling(s), Crown Molding, Elevator, Furnished, Granite Counters, High Ceilings, Open Floorplan, Pantry, Stone Counters, Storage, Sump Pump, Two Story Ceilings, Wet Bar, Wired for Data
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: 2+ Access Exits, 48 Inch Or More Wide Halls
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: French Doors, Insulated Doors, Sliding Doors
  • Eating Area: Area
  • Fireplace Features: Family Room, Library, Master Bedroom, Master Retreat, Outside, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1814.62
  • Room Type: Basement, Center Hall, Den, Dressing Area, Exercise Room, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office, Projection, Utility Room, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Above Ground, Heated, In Ground
  • Window Features: Screens
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Granite Counters, Linen Closet/Storage, Remodeled, Soaking Tub, Stone Counters, Upgraded, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Utility Sink, Walk-In Pantry
  • Basement: Finished

Exterior Features

  • Foundation: Stone
  • Other Structures: Gazebo
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Catalina, City Lights, Coastline, Courtyard, Harbor, Neighborhood, Ocean, Pool, Trees/Woods, White Water
  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Features: Private, Above Ground, Heated, Electric Heat, In Ground, Infinity, Salt Water, Waterfall
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Paved, Driveway Down Slope From Street, Garage, Subterranean
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Freezer, Disposal, Gas & Electric Range, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Refrigerator, Water Line to Refrigerator, Water Purifier, Water Softener
  • Heating Type: Central, Natural Gas, Zoned
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Outdoor Cooking Area, Tennis Court(s), Hiking Trails, Jogging Track, Clubhouse, Banquet Facilities, Guard, Security
  • Association Fee: 1245.00
  • Association Fee Frequency: Monthly
  • Association Name: Crystal Cove
  • Phone: 9498551800
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Hiking, Gutters, Sidewalks
  • Association Management: Keystone Pacific

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 32543.00
  • Lot Size Acres: 0.7471

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 32543.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 21
  • Tax Tract Number: 16455
  • TaxOtherAnnualAssessmentAmount: 8425.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Mar 30, 2023
Sold by
Palm Springs Investments Llc
Bought by
Zhang Hui
Seller's Agent
Hanna Karcho-Polselli
Luxury Fine Homes, Inc.
Buyer's Agent
Ying Ye
Signature One Realty Grp, Inc
List Price
$27,900,000
Sold Price
$22,200,000
Premium/Discount to List
-$5,700,000
-20.43%
Views
226
Current Estimated Value
$16,842,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,357,885
Avg. Annual Appreciation
-11.73%

Purchase Details

Closed on
Apr 11, 2017
Sold by
Antares Capital Management Llc
Bought by
Xinyou Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2008
Sold by
The Robert W Zaugg Living Trust
Bought by
Antares Capital Management Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Zhang Hui $22,200,000 First American Title
Xinyou Inc $14,900,000 Lawyers Title
Antares Capital Management Llc -- Landamerica Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palm Springs Investments Llc $2,612,347
Previous Owner Palm Springs Investments Llc $500,000
Previous Owner Xinyou Inc $8,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2023 04/07/23 Sold $22,200,000 -23.2% $1,815 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $28,888,000 0.0% $2,361 / Sq Ft
02/16/2023 02/16/23 Price Changed $28,888,888 +3.5% $2,361 / Sq Ft
11/07/2022 11/07/22 For Sale $27,900,000 0.0% $2,281 / Sq Ft
05/19/2020 05/19/20 Rented $29,800 0.0% --
04/01/2020 04/01/20 For Rent $29,800 0.0% --
07/20/2017 07/20/17 Sold $14,900,000 -6.8% $1,218 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
10/31/2016 10/31/16 For Sale $15,995,000 -- $1,307 / 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
2025 $240,437 $23,096,880 $17,255,771 $5,841,109
2024 $240,437 $22,644,000 $16,917,422 $5,726,578
2023 $158,408 $14,828,760 $9,447,096 $5,381,664
2022 $170,326 $15,975,811 $11,507,298 $4,468,513
2021 $167,194 $15,662,560 $11,281,664 $4,380,896
2020 $165,593 $15,501,960 $11,165,984 $4,335,976
2019 $163,194 $15,198,000 $10,947,043 $4,250,957
2018 $160,128 $14,900,000 $10,732,395 $4,167,605
2017 $158,076 $14,652,042 $9,788,672 $4,863,370
2016 $154,497 $14,364,748 $9,596,738 $4,768,010
2015 $151,659 $14,148,977 $9,452,586 $4,696,391
2014 $148,807 $13,871,819 $9,267,423 $4,604,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22206207

California Regional Multiple Listing Service (CRMLS)

APN: 477-261-24