$8,625,000
SOLD APR 29, 2015
7 Beds
8.5 Baths
8,998 Sq Ft
0.46 Acres

Recently Sold

$959 Per Sq Ft

4% Below List Price

37 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • In Ground Spa
  • Newport Coast Elementary School Rated A
  • Home Theater
  • Primary Bedroom Suite

About This Home

As of April 2024

This 7 bedroom, 8 bathroom Tuscan-inspired Pelican Hill residence was designed by Richard Krantz with beauty and comfort in mind. Everything you need to entertain others or pamper yourself is located on the estate: Yoga Studio, Spa, Gym, Saline Indoor and Outdoor Infiniti Pools, Art Studio, 12 Seat Movie Theater, 450 bottle Wine Cellar, Outdoor BBQ Pavilion, Fireside Lounging, and an unimpeded view of the Pacific and Pelican Hill Golf Course, Conde Nast’s highest rated resort.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 02/24/2015

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Mei Zhou

Pacific Sterling Realty License #01879022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $124,893

Year Built

  • Built in 2008

HOA Fees

  • $728 Monthly HOA Fees

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Golf Course

Interior Spaces

  • 8,998 Sq Ft Home
  • Wine Cellar
  • Family Room with Fireplace
  • Home Theater
  • Library
  • Home Gym

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • In Ground Spa
  • Private Pool

Additional Features

  • Accessible Elevator Installed
  • 0.46 Acre Lot
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 14249
  • Assessor Parcel Number 47307129

Home Details

Home Type

Single Family

Est. Annual Taxes

$124,893

Year Built

Built in 2008

Lot Details

0

HOA Fees

$728 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Hill (NCPH)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47307129
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8998.00
  • Common Walls: No Common Walls
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 958.55
  • Room Type: Exercise Room, Library, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet, Home Theatre, Wine Cellar
  • Spa Features: In Ground

Exterior Features

  • View: Golf Course, Ocean
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 728.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20221.00
  • Lot Size Acres: 0.4640

Multi Family

  • Lease Considered: No
  • Lot Size Area: 20221.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 14249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Apr 10, 2024
Sold by
Dana View Properties Llc
Bought by
Fallas Laura R Varela
Seller's Agent
Hanna Karcho-Polselli
Luxury Fine Homes, Inc.
Buyer's Agent
Hailey Potok
Douglas Elliman of California
List Price
$17,300,000
Sold Price
$17,300,000
Total Days on Market
37
Views
6
Current Estimated Value
$13,489,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,810,601
Avg. Annual Appreciation
-20.24%

Purchase Details

Closed on
Oct 19, 2022
Sold by
Join-Cheer Llc
Bought by
Dana View Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,900,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2015
Closed on
Apr 7, 2015
Sold by
Perlman Lee B and Perlman Myra C
Bought by
Join Cheer Llc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Mei Zhou
Pacific Sterling Realty
List Price
$8,995,000
Sold Price
$8,625,000
Premium/Discount to List
-$370,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Jul 21, 2011
Sold by
California Development Enterprises Llc
Bought by
Perlman Lee B and Perlman Myra C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,975
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2010
Sold by
Karabayev Askar and Askar Amina
Bought by
California Development Enterprises Llc

Purchase Details

Closed on
May 5, 2010
Sold by
California Development Enterprises Llc
Bought by
Karabayev Askar and Askar Amina

Purchase Details

Closed on
Apr 14, 2009
Sold by
Karabayev Askar and Askar Amina
Bought by
California Development Enterprises Llc

Purchase Details

Closed on
Jul 24, 2007
Sold by
Ibar Development Llc
Bought by
Karabayev Askar and Askar Amina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,836,000
Interest Rate
6.41%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grant Deed $17,300,000 First American Title
Grant Deed $11,400,000 Lawyers Title
Grant Deed $8,625,000 Lawyers Title
Grant Deed $5,602,000 Commerce Title
Grant Deed -- None Available
Grant Deed -- Accommodation
Grant Deed -- None Available
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $6,900,000 New Conventional
Previous Owner $3,667,200 Adjustable Rate Mortgage/ARM
Previous Owner $3,640,975 New Conventional
Previous Owner $3,836,000 Construction
Previous Owner $578,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $17,300,000 0.0% $1,923 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $17,300,000 +51.8% $1,923 / Sq Ft
09/07/2023 09/07/23 Sold $11,400,000 -23.9% $1,267 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
06/18/2023 06/18/23 For Sale $14,980,000 +31.4% $1,665 / Sq Ft
06/08/2023 06/08/23 Off Market $11,400,000 -- --
03/12/2023 03/12/23 For Sale $14,980,000 +31.4% $1,665 / Sq Ft
03/07/2023 03/07/23 Off Market $11,400,000 -- --
03/07/2023 03/07/23 For Sale $14,980,000 +31.4% $1,665 / Sq Ft
03/06/2023 03/06/23 Off Market $11,400,000 -- --
09/07/2022 09/07/22 Price Changed $14,980,000 -10.8% $1,665 / Sq Ft
08/02/2022 08/02/22 For Sale $16,800,000 +94.8% $1,867 / Sq Ft
04/29/2015 04/29/15 Sold $8,625,000 -12.8% $959 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
03/18/2015 03/18/15 Price Changed $9,889,000 +9.9% $1,099 / Sq Ft
02/24/2015 02/24/15 For Sale $8,995,000 -- $1,000 / 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
2024 $124,893 $11,628,000 $7,401,160 $4,226,840
2023 $106,684 $9,963,434 $6,352,556 $3,610,878
2022 $104,925 $9,768,073 $6,227,996 $3,540,077
2021 $102,414 $9,576,543 $6,105,879 $3,470,664
2020 $102,028 $9,478,348 $6,043,271 $3,435,077
2019 $100,082 $9,292,499 $5,924,776 $3,367,723
2018 $98,087 $9,110,294 $5,808,604 $3,301,690
2017 $97,376 $8,931,661 $5,694,710 $3,236,951
2016 $97,577 $8,756,531 $5,583,049 $3,173,482
2015 $66,760 $5,854,404 $2,808,754 $3,045,650
2014 $65,143 $5,739,725 $2,753,735 $2,985,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15039168

California Regional Multiple Listing Service (CRMLS)

APN: 473-071-29