$9,500,000
SOLD DEC 12, 2024
6 Beds
7 Baths
5,478 Sq Ft
0.31 Acres

Recently Sold

$1,734 Per Sq Ft

4% Below List Price

199 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Clubhouse
  • Newport Coast Elementary School Rated A
  • In Ground Spa
  • High Ceiling

About This Home

As of December 2024

Situated in the guard-gated Pelican Heights Neighborhood in Newport Coast, large lot over 13,000 sf, this 5478 sf residence comes with 6 bedrooms and 7 baths.
Main level living space includes a formal sitting room with statement fireplace tray and coffered ceilings, chef's kitchen, office, guest suite room ,laundry room and a kitchnette . living room with fireplace and French doors open to the backyard.
Master bedroom on second floor with sitting area , private balcony, expansive bath room with dual sinks , separate vanity, soaking tub and separate shower.
a swinging pool and a SPA , stacked-stone fireplace and a built-in BBQ area in backyard.
Spectacular views of the Newport Harbor, city, Catalina Island will make your life brilliant.
This home might need to have some minor repairs, owner will not conduct any repair, sold as-is.

Last Agent to Sell the Property

Fernando Wang

JC Pacific Corp Brokerage Phone: 626-215-5269 License #01879407 Listed on: 04/17/2024

JC Pacific Corp

Last Buyer's Agent

James Fang

Harvest Realty Development License #02035269

Harvest Realty Development

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $76,681

Year Built

  • Built in 2000

Lot Details

  • 0.31 Acre Lot
  • Property fronts a private road
  • Brick Fence
  • Density is 2-5 Units/Acre

HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Three Garage Doors
  • Automatic Gate

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Spanish Tile Roof
  • Tile Roof
  • Clay Roof

Interior Spaces

  • 5,478 Sq Ft Home
  • 2-Story Property
  • Bar
  • Wainscoting
  • Beamed Ceilings
  • High Ceiling
  • Double Pane Windows
  • Drapes & Rods
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Library
  • Storage
  • Laundry Room
  • Fire and Smoke Detector

Kitchen

  • Kitchenette
  • Walk-In Pantry
  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 7 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub
  • Walk-in Shower

Outdoor Features

  • In Ground Spa
  • Balcony
  • Open Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling
  • 220 Volts in Garage
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303403
  • $1,742 per year additional tax assessments

Community Details

Overview

  • Pelican Heights Association, Phone Number (949) 363-1963
  • Newport Coast Commu. Associ. Association, Phone Number (800) 428-5588
  • Pelican Heughts HOA
  • Pelican Heights Montecito Subdivision

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$76,681

Year Built

Built in 2000

Lot Details

0

HOA Fees

$875 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: 626.215.5269
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Gated Community, Guarded, Smoke Detector(s)
  • Subdivision Name Other: Pelican Heights - Montecito (MONT)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303403
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5478.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Granite Counters, High Ceilings, Stone Counters, Storage, Unfurnished, Wainscoting
  • Stories: 2
  • Entry Location: E
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Total Bedrooms: 6
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1734.21
  • Room Type: Family Room, Formal Entry, Foyer, Great Room, Kitchen, Laundry, Library, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Private, In Ground
  • Window Features: Double Pane Windows, Drapes
  • Bathroom Features: Bathtub, Granite Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchenette, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Brick
  • Patio And Porch Features: Patio Open
  • Pool Features: Community
  • Pool Private: No
  • Roof: Clay, Spanish Tile, Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Gas Range, Gas Water Heater
  • Electric: 220 Volts in Garage, Electricity - On Property, Standard
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Newport Coast Commu. Associ.
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Playground, Tennis Court(s), Biking Trails, Clubhouse
  • Association Fee: 745.00
  • Association #2 Fee: 130.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Heights
  • Phone: 949.363.1963
  • Association Phone #2: 8004285588
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights
  • Association Management: Pelican Heughts

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 13376.00
  • Lot Size Acres: 0.3071

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13376.0000 Square Feet
  • Number Of Units Total: 100

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 22
  • Tax Tract Number: 14070
  • TaxOtherAnnualAssessmentAmount: 1742.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2017
Sold by
Sun Shaohua and Zhong Yan
Bought by
Sun Shaohua and Zhong Yan
Current Estimated Value
$9,214,854

Purchase Details

Listed on
Feb 18, 2014
Closed on
Mar 12, 2014
Sold by
The Al & E F Palazzo Trust
Bought by
Sun Shaohua and Zhong Yan
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
Shu Kaneko
Bluepine Real Estate
List Price
$4,988,000
Sold Price
$4,800,000
Premium/Discount to List
-$188,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Mar 23, 2009
Sold by
Palazzo Al and Palazzo F E
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
5.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2008
Sold by
Palazzo Alfred P and Palazzo Earnestine F
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2008
Sold by
Palazzo Al and Palazzo F E
Bought by
Palazzo Alfred P and Palazzo Earnestine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2004
Sold by
Palazzo Alfred P and Palazzo Earnestine F
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,970,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
Palazzo Al and Palazzo F E
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 7, 2002
Sold by
Palazzo Al and Palazzo F E
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.71%

Purchase Details

Closed on
Sep 25, 2001
Sold by
Palazzo Al and Palazzo F E
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.87%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Cph Newport Coast Llc
Bought by
Palazzo Al and Palazzo F E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.71%
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $4,800,000 California Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Lsi
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- Lawyers Title Co
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $1,695,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $592,168 New Conventional
Previous Owner $625,500 New Conventional
Previous Owner $729,750 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $1,970,000 Purchase Money Mortgage
Previous Owner $500,000 Credit Line Revolving
Previous Owner $1,500,000 No Value Available
Previous Owner $1,000,000 No Value Available
Previous Owner $1,000,000 No Value Available
Previous Owner $1,000,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $9,500,000 -3.6% $1,734 / Sq Ft
11/04/2024 11/04/24 For Sale $9,850,000 +3.7% $1,798 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
11/02/2024 11/02/24 Off Market $9,500,000 -- --
11/02/2024 11/02/24 For Sale $9,850,000 +3.7% $1,798 / Sq Ft
10/30/2024 10/30/24 Off Market $9,500,000 -- --
04/17/2024 04/17/24 For Sale $9,850,000 0.0% $1,798 / Sq Ft
11/29/2023 11/29/23 Rented $17,800 0.0% --
11/27/2023 11/27/23 Under Contract -- -- --
11/17/2023 11/17/23 For Rent $17,800 -5.3% --
10/26/2023 10/26/23 Rented $18,800 0.0% --
08/22/2023 08/22/23 Price Changed $18,800 -5.1% $4 / Sq Ft
07/19/2023 07/19/23 For Rent $19,800 -13.2% --
12/20/2022 12/20/22 Rented $22,800 0.0% --
10/14/2022 10/14/22 For Rent $22,800 0.0% --
04/22/2014 04/22/14 Sold $4,800,000 -3.8% $999 / Sq Ft
02/18/2014 02/18/14 For Sale $4,988,000 -- $1,038 / 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 $76,681 $9,500,000 $8,169,714 $1,330,286
2024 $76,681 $7,087,493 $5,848,671 $1,238,822
2023 $62,449 $5,798,025 $4,587,764 $1,210,261
2022 $61,415 $5,684,339 $4,497,808 $1,186,531
2021 $59,684 $5,572,882 $4,409,616 $1,163,266
2020 $59,762 $5,515,739 $4,364,400 $1,151,339
2019 $58,703 $5,407,588 $4,278,824 $1,128,764
2018 $57,537 $5,301,557 $4,194,925 $1,106,632
2017 $57,587 $5,197,605 $4,112,671 $1,084,934
2016 $58,920 $5,095,692 $4,032,031 $1,063,661
2015 $57,157 $4,895,904 $3,971,466 $924,438
2014 $27,041 $2,125,905 $1,378,657 $747,248
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24074869

California Regional Multiple Listing Service (CRMLS)

APN: 473-034-03