$24,500,000
SOLD NOV 22, 2023
5 Beds
9 Baths
9,129 Sq Ft
0.27 Acres

Recently Sold

$2,684 Per Sq Ft

12% Below List Price

175 Days on Market

Highlights

  • Ocean View
  • Infinity Pool
  • Living Room with Fireplace
  • Harbor View Elementary School Rated A
  • Contemporary Architecture
  • 4-minute walk to Begonia Park

About This Home

As of March 2025

This newly constructed custom estate offers exclusive Corona Del Mar waterfront living with intricate design touches and a harmonious blend of natural stone and wood elements. Consisting of 5 ensuite bedrooms and 9 bathrooms and boasting approximately 50 feet of private beachfront, it caters to water enthusiasts and offers shared ownership of one of the longest private docks on the west coast, capable of accommodating multiple yachts up to 100ft in length. Upon arrival, you will be greeted by meticulously landscaped surroundings, a striking grand pivot door, and a double height foyer that sets the tone for the residence. Inside, the space boasts European wide plank bleached oak flooring by Gaetano, illuminated floating staircases, and expansive glass features that fill the approximately 9,129 square feet of interiors with an abundance of natural light. The property seamlessly connects to its surroundings through slide-away pocket doors that open onto a heated patio, a zero-edge saltwater pool and spa, and a courtyard featuring a built-in Lynx Grill. The kitchen features custom Honed Calcatta Vagli slab countertops and backsplash, a 55" La Canche designer stove imported from Paris, a butler's pantry, and stained white oak cabinetry. Convenience is paramount, with a Waupaca elevator servicing all four floors, including the lower level, which encompasses a media area, a dry bar, and temperature controlled wine room. Upstairs, the owner's suite presents a heated wraparound balcony with mesmerizing water views, a living space with a fireplace, and two spa-like bathrooms, each complemented by its own walk-in closet. The top level reveals a lounge area that opens onto a rooftop deck with grass and sweeping views of the Newport Beach Harbor offering limitless ocean-view entertaining. Equipped with cutting-edge technology, the property also includes a nearly 3,000 sq. ft., 6+ car garage with epoxy flooring. Expertly designed by Brandon Architects, Patterson Custom Homes, Harvard Investment Group, and Brooke Wagner Design.

Last Agent to Sell the Property

Brian Furstenfeld

Bren and Furstenfeld Estates, Inc. License #01432316 Listed on: 05/23/2023

Bren and Furstenfeld Estates, Inc.

Co-Listed By

Kayla Cardona

The Oppenheim Group License #02082505

Last Buyer's Agent

Garrett Weston

Coldwell Banker Realty License #01385026

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $246,511

Parking

  • 1 Open Parking Space
  • 6 Car Garage
  • Driveway

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Panoramic
  • City Lights
  • Hills

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 9,129 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Dressing Area
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Infinity Pool
  • In Ground Spa

Outdoor Features

  • Covered patio or porch
  • Outdoor Grill

Additional Features

  • 0.27 Acre Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 052-012-13

Home Details

Home Type

Single Family

Est. Annual Taxes

$246,511

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 9129
  • Lot Acreage: 0.2737
  • Stories: 3
  • Number Of Photos: 61
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Retreat
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 9.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Elevator, Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer, Dishwasher, Hood Fan
  • Price Per S Q F T: 3066.60

Exterior Features

  • Other Structures: None
  • Pool Description: Negative Edge/Infinity Pool
  • Pool: Yes
  • Spa: Private, In Ground
  • Spa Yn: Yes
  • View: Bay, Hills, Ocean, Water, Tree Top, Marina, Panoramic, Coastline, City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 1
  • Parking Garage: Garage - 4+ Car, Driveway, Subterranean, Garage Is Attached, Private
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 052-012-13
  • Lot Size Area: 11921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Nov 14, 2023
Sold by
2209 Bayside Lp and Collcain Ltd
Bought by
Joseph Edward Morgan Family Trust and Morgan
Seller's Agent
Brian Furstenfeld
Bren and Furstenfeld Estates, Inc.
Buyer's Agent
Garrett Weston
Coldwell Banker Realty
List Price
$27,995,000
Sold Price
$24,500,000
Premium/Discount to List
-$3,495,000
-12.48%
Views
903
Current Estimated Value
$16,548,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,951,900
Avg. Annual Appreciation
-21.40%
Original Mortgage
$5,100,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2015
Sold by
Tabaz Cyrus and Tabaz Atidze
Bought by
2209 Bayside Lp and Collcain Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Interest Rate
3.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 28, 2004
Sold by
Tabaz Cyrus
Bought by
Tabaz Cyrus and Tabaz Atidze
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 $23,397,500 Fidelity National Title
Grant Deed $11,400,000 Commonwealth Land Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,100,000 New Conventional
Previous Owner $4,525,000 New Conventional
Previous Owner $20,200,000 Construction
Previous Owner $1,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $5,500,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $5,500,000 Purchase Money Mortgage
Previous Owner $2,500,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $26,000,000 -7.1% $2,787 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $28,000,000 +14.3% $3,001 / Sq Ft
11/22/2023 11/22/23 Sold $24,500,000 -12.5% $2,684 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $27,995,000 -- $3,067 / Sq Ft
Source: The MLS

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 $246,511 $23,397,500 $18,160,724 $5,236,776
2023 $102,335 $9,725,764 $6,551,406 $3,174,358
2022 $99,281 $9,437,400 $6,422,948 $3,014,452
2021 $81,374 $7,732,237 $6,297,008 $1,435,229
2020 $65,634 $6,232,440 $6,232,440 $0
2019 $64,254 $6,110,236 $6,110,236 $0
2018 $61,420 $5,843,369 $5,843,369 $0
2017 $124,310 $11,805,327 $11,691,417 $113,910
2016 $121,495 $11,573,850 $11,462,173 $111,677
2015 $33,212 $3,144,639 $3,144,639 $0
2014 -- $3,083,040 $3,083,040 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-273323

The MLS

APN: 052-012-13