Seller's Agent in 2022
John Cain
Pacific Sothebys
(714) 655-8940
53 in this area
213 Total Sales
22 Midsummer Newport Beach, CA 92657
Crystal Cove NeighborhoodEstimated Value: $8,825,000 - $36,683,388
5
Beds
10
Baths
11,613
Sq Ft
$1,959/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- New Construction
- Harbor View Elementary School Rated A
- Gated with Attendant
- In Ground Pool
About This Home
As of September 2022Commanding ocean views create a coveted backdrop for Crystal Cove’s newest estate, a rare masterpiece that spans 11,613 s.f. +/-, with 5 bedrooms and 10 bathrooms, representing one of the last opportunities to secure a brand-new custom home with southwest facing views in the exclusive enclave. Bespoke details showcase a lifestyle of unparalleled luxury, welcoming guests into a residence that offers opulent entertaining options and multiple living areas with captivating ocean and harbor vistas: a great room features a wall of glass doors that connect to a heated loggia; a double-sided fireplace links to a lounge & bar with quartzite waterfall counters; an upscale TV room offers custom built-ins; and a peaceful study with a sleek fireplace. The kitchen is a transformative space with a massive rift-cut oak island topped with waterfall porcelain counters, brass accents, a 60” Wolf range with 4 ovens, Sub-Zero refrigerator, and a catering kitchen. A breakfast room provides stunning views, and a formal dining area has impeccable style, with a ribbon chandelier and book-matched marble wine wall. Ascending upstairs, a grand staircase features dual teardrop chandeliers dripping with crystals. The primary bedroom has unforgettable ocean views and dual closets. Dual primary bathrooms offer a soaking tub with views of the Pacific, a steam shower, and Calacatta Luca porcelain counters. Two additional upstairs bedrooms, surrounding a spacious bonus room, have European oak floors, custom closets, terrace access and ensuites with quartzite counters. A subterranean level is all about indulgent luxury entertaining, with a sleek exotic car display, an open game room with a wall of Orobico porcelain, wet bar with underlit quartzite counters, 336-bottle climate-controlled wine room, gym, massage room, sauna, steam shower and private bedroom suite. Additional amenities: elevator, 9-car garage, Savant home automation, Vantage lighting control, and Loewen doors/windows. Outdoor spaces have resort vibes and capture ocean vistas that span across to Catalina, offering: an infinity saltwater pool & spa, an outdoor kitchen with top-line appliances, a gas fire pit, sun terrace, and a courtyard with a fireplace and fountain. Built by Pinnacle Custom Homes, this brand-new estate is set in 24-hr guard-gated, amenities-rich Crystal Cove, and is walkable to Crystal Cove State Park, and near to the Laguna village, Newport Beach, Fashion Island, and John Wayne Airport.
Home Details
Home Type
- Single Family
Year Built
- Built in 2022 | New Construction
Lot Details
- 18,118 Sq Ft Lot
- Fenced
- Stucco Fence
- Sprinkler System
- Density is up to 1 Unit/Acre
HOA Fees
- $1,320 Monthly HOA Fees
Parking
- 6 Car Direct Access Garage
- Parking Available
- Driveway
Property Views
- Ocean
- Bay
- Harbor
- Catalina
- Panoramic
- Pool
Home Design
- Patio Home
- Planned Development
- Tile Roof
Interior Spaces
- 11,613 Sq Ft Home
- 3-Story Property
- Wet Bar
- Wired For Sound
- Built-In Features
- Bar
- Dry Bar
- Coffered Ceiling
- Tray Ceiling
- Recessed Lighting
- See Through Fireplace
- Gas Fireplace
- Awning
- Sliding Doors
- Wine Cellar
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Library
- Bonus Room
- Sauna
- Home Gym
- Stone Flooring
- Home Security System
- Laundry Room
- Basement
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Butlers Pantry
- Double Oven
- Six Burner Stove
- Gas Range
- Free-Standing Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Upgraded Bathroom
- Stone Bathroom Countertops
- Soaking Tub
- Walk-in Shower
Pool
- In Ground Pool
- Heated Spa
- In Ground Spa
- Saltwater Pool
Outdoor Features
- Balcony
- Fireplace in Patio
- Patio
- Fire Pit
- Exterior Lighting
- Outdoor Grill
Schools
- El Morro Elementary School
- Thurston Middle School
- Laguna Beach High School
Utilities
- Cooling System Powered By Gas
- Two cooling system units
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 16457
- Assessor Parcel Number 48918140
Community Details
Overview
- Crystal Cove Community Asso. Association, Phone Number (949) 376-4551
- Keystone HOA
- Crystal Cove Estate Collection Subdivision
Amenities
- Picnic Area
Recreation
- Tennis Courts
- Sport Court
- Community Playground
- Community Pool
- Community Spa
Security
- Gated with Attendant
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 28, 2022
Closed on
Sep 16, 2022
Sold by
Sc And V Jhawar Living Trust
Bought by
Premier Trust
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$34,900,000
Sold Price
$28,825,000
Premium/Discount to List
-$6,075,000
-17.41%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,070,806
Avg. Annual Appreciation
-6.36%
Purchase Details
Closed on
Mar 4, 2022
Sold by
Veena Jhawar
Bought by
Svj-D 2022 Trust and Svj-S 2022 Trust
Purchase Details
Closed on
Mar 3, 2022
Sold by
Sc And V Jhawar Living Trust
Bought by
Sc And V Jhawar Living Trust
Purchase Details
Listed on
Feb 3, 2017
Closed on
Apr 19, 2017
Sold by
Kradjian Raffi and Kradjian Aline
Bought by
Jhawar Suresh Chandra and Jhawar Veena
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$6,200,000
Sold Price
$5,800,000
Premium/Discount to List
-$400,000
-6.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.42%
Purchase Details
Closed on
Jun 15, 2015
Sold by
Ding Jiusi and Mei Yan
Bought by
Kradjian Raffi and Kradjian Aline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,537,500
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 12, 2013
Sold by
Irvine Community Development Company Llc
Bought by
Ding Jiusi and Mei Yang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Premier Trust | $28,825,000 | Ticor Title | |
| Svj-D 2022 Trust | -- | Jeffer Mangels Butler & Mitche | |
| Svj-D 2Q22 Trust | -- | Jeffer Mangels Butler & Mitche | |
| Sc And V Jhawar Living Trust | -- | None Listed On Document | |
| Jhawar Suresh Chandra | $5,800,000 | First American Title Company | |
| Kradjian Raffi | $5,000,000 | Fidelity Natl Title Orange C | |
| Ding Jiusi | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kradjian Raffi | $2,537,500 | |
| Previous Owner | Ding Jiusi | $2,300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $28,825,000 | -17.4% | $2,482 / Sq Ft | |
| 08/19/2022 08/19/22 | Pending | -- | -- | -- | |
| 08/10/2022 08/10/22 | For Sale | $34,900,000 | 0.0% | $3,005 / Sq Ft | |
| 08/08/2022 08/08/22 | Price Changed | $34,900,000 | +501.7% | $3,005 / Sq Ft | |
| 05/08/2017 05/08/17 | Sold | $5,800,000 | -6.5% | -- | View Prior Sale |
| 04/22/2017 04/22/17 | Pending | -- | -- | -- | |
| 02/03/2017 02/03/17 | For Sale | $6,200,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $309,957 | $29,989,530 | $24,401,421 | $5,588,109 |
| 2024 | $309,957 | $29,401,500 | $23,922,961 | $5,478,539 |
| 2023 | $302,690 | $9,907,291 | $6,771,145 | $3,136,146 |
| 2022 | $104,814 | $9,774,524 | $6,638,378 | $3,136,146 |
| 2021 | $89,879 | $8,292,743 | $6,508,214 | $1,784,529 |
| 2020 | $82,760 | $7,583,578 | $6,441,481 | $1,142,097 |
| 2019 | $70,338 | $6,315,178 | $6,315,178 | $0 |
| 2018 | $67,689 | $6,063,900 | $6,063,900 | $0 |
| 2017 | $59,514 | $5,177,775 | $5,177,775 | $0 |
| 2016 | $58,574 | $5,076,250 | $5,076,250 | $0 |
| 2015 | $54,107 | $4,691,908 | $4,691,908 | $0 |
| 2014 | $53,112 | $4,600,000 | $4,600,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Cain
-
Kathryn White
K
Seller Co-Listing Agent in 2017
Kathryn White
Coldwell Banker Realty
(949) 433-0315
2 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22160783
APN: 489-181-40
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