NOT LISTED FOR SALE

Estimated Value: $8,449,000 - $9,375,000

5 Beds
6 Baths
4,800 Sq Ft
$1,863/Sq Ft Est. Value

Last Sold October 16, 2012

Last sale price $4,100,000 $854 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $53,187/month

Highlights

  • White Water Ocean Views
  • In Ground Spa
  • Clubhouse
  • Newport Coast Elementary School Rated A
  • Open Floorplan
  • Fireplace in Primary Bedroom Retreat

About This Home

As of July 2014

*Available 1-3 months starting October 1 to May 31 for $22,000/mo. Available June and July 2015 for $45,000/mo. Not available in August.*
Step into world-class luxury in Pelican Heights. This Mediterranean inspired jewel is perfectly perched atop the highest community elevation with a private gated courtyard. Experience sensory overload with sit-down views of the Pacific Ocean, Newport Harbor and Catalina Island. Behind this double-gated estate, lush colorful gardens and cool ocean breezes lead you through an oversized and uniquely private lot. Wrap-around grounds include pool, spa, water features, outdoor barbecue kitchen and pergola. With incredible versatility and thoughtful floor plan, 3 Vista Luci offers a private oasis or an entertainer's delight. A gourmet kitchen boasts matching Viking appliances and stunning marble throughout. Upgraded cabinetry, wood-burning fireplaces, high ceilings and rich wood flooring are inviting at each luminous turn. 3 Vista Luci captures 'the fine art of living' in Newport Coast.

Last Agent to Rent the Property

Katrina Smith

Pinpoint Properties License #01740623 Listed on: 12/17/2013

Last Renter's Agent

Dean Ledger

Emerald Bay Real Estate License #01154116

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,572

Year Built

  • Built in 2003

Lot Details

  • 0.33 Acre Lot
  • Cul-De-Sac

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Harbor
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights
  • Canyon
  • Mountain
  • Hills

Home Design

  • Turnkey
  • Stucco

Interior Spaces

  • 4,800 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Crown Molding
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room
  • Dining Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Built-In Range
  • Range Hood
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom Retreat
  • 6 Full Bathrooms

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Balcony
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $30,000
  • Rent includes association dues, electricity, gardener, gas, pool, trash collection, water
  • Tax Lot 9
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303318

Community Details

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Property has a Home Owners Association
  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,572

Year Built

Built in 2003

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Last Month Rent, Security Deposit
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Security: 30000
  • Furnished: Partially
  • Transfer Fee Paid By: Tenant

Listing Details

  • Inclusions: All existing furniture
  • Property Attached: No
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47303318
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4800.00
  • Interior Amenities: Balcony, Crown Molding, Open Floorplan, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Dining Room, Family Room, Master Retreat
  • Levels: Two
  • Price Per Square Foot: 9.38
  • Room Type: Family Room, Living Room, Main Floor Master Bedroom
  • Spa Features: In Ground
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Bay, Catalina, City Lights, Canyon, Coastline, Harbor, Hills, Mountain(s), Ocean, Panoramic, Pier, Water, White Water
  • Pool Features: Association, Private
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Double Oven, Gas Cooktop, Range Hood
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 14280.00
  • Lot Size Acres: 0.3280

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: Negotiable
  • Lot Size Area: 14280.0000 Square Feet
  • Rent Includes: Association Dues, Electricity, Gardener, Gas, Pool, Trash Collection, Water

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2012
Closed on
Sep 14, 2012
Sold by
The Joyce A Piercey Trust
Bought by
Wetmore Keith C and Keith C Wetmore 1990 Revocable Living Tr
Seller's Agent
Katrina Smith
Pinpoint Properties
Buyer's Agent
Katrina Smith
Pinpoint Properties
List Price
$4,295,000
Sold Price
$4,100,000
Premium/Discount to List
-$195,000
-4.54%
Current Estimated Value
$8,941,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,841,987
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Mar 22, 2007
Sold by
Compean Robert and Compean Marija Marovic
Bought by
Joyce A Piercey Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2003
Sold by
Compean Marija Marovic
Bought by
Compean Robert and Compean Marija Marovic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Marovic Compean Marija
Bought by
The Western Family Trust and Compean Robert J

Purchase Details

Closed on
Apr 24, 2002
Sold by
Compean Robert
Bought by
Compean Marija Marovic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
5%

Purchase Details

Closed on
Mar 5, 2002
Sold by
Cph Newport Coast Llc
Bought by
Compean Marija Marovic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
5%
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 Buyer Sale Price Title Company
Wetmore Keith C $4,100,000 None Available
Joyce A Piercey Trust $4,995,000 Southland Title Corporation
Compean Robert -- Chicago Title Co
The Western Family Trust -- --
Compean Marija Marovic -- First American Title Co
Compean Marija Marovic $2,125,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Keith C Wetmore 1990 Revocable $3,700,762
Previous Owner Joyce A Piercey Trust $724,000
Previous Owner Piercey Joyce A $729,750
Previous Owner Joyce A Piercey Trust $750,000
Previous Owner Compean Robert $750,000
Previous Owner Compean Robert J $500,000
Previous Owner Compean Robert $955,000
Previous Owner Compean Marija Marovic $995,000
Closed Compean Marija Marovic $199,000
Closed Compean Robert $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2014 04/18/14 Rented $45,000 +130.8% --
03/19/2014 03/19/14 Under Contract -- -- --
12/17/2013 12/17/13 For Rent $19,500 0.0% --
10/16/2012 10/16/12 Sold $4,100,000 -4.5% $854 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
09/06/2012 09/06/12 For Sale $4,295,000 -- $895 / 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 $53,572 $5,048,854 $3,995,939 $1,052,915
2024 $53,572 $4,949,857 $3,917,587 $1,032,270
2023 $52,405 $4,852,801 $3,840,771 $1,012,030
2022 $51,537 $4,757,649 $3,765,462 $992,187
2021 $49,998 $4,664,362 $3,691,629 $972,733
2020 $50,170 $4,616,535 $3,653,776 $962,759
2019 $49,313 $4,526,015 $3,582,133 $943,882
2018 $48,337 $4,437,270 $3,511,895 $925,375
2017 $48,553 $4,350,265 $3,443,034 $907,231
2016 $50,090 $4,264,966 $3,375,523 $889,443
2015 $49,713 $4,200,903 $3,324,820 $876,083
2014 $48,591 $4,118,614 $3,259,692 $858,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13250201

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-18