NOT LISTED FOR SALE

Estimated Value: $7,893,000 - $12,525,341

6 Beds
6.5 Baths
6,767 Sq Ft
$1,506/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $10,000,000 $1,478 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $64,005/month

Highlights

  • Ocean View
  • Wine Cellar
  • Pebble Pool Finish
  • Newport Coast Elementary School Rated A
  • Gated with Attendant
  • Rooftop Deck

About This Home

As of September 2022

This attractive residence is perfectly situated at the most prominent and highest elevation in Pelican Ridge Estates with a generous 17,250 square foot cul-de-sac lot location providing the finest coastal views, overlooking Newport Harbor out to Catalina and an expansive 160-degree view of the blue Pacific. Gated courtyard entry with canyon stone pavers and fountain centerpiece welcomes you home. Lush landscape provides a sense of privacy and wellbeing. Formal entry, living room with fireplace, wood floors, piano alcove and French doors opening to garden courtyard. Formal dining room provides grand entertaining with a wine vault, wood flooring, coffered ceiling, decorator chandelier, crown molding and French doors open to shaded garden patio. Stylish with approximately 6,767 square feet a main floor ocean view suite, and additional guest or nanny bedroom, entertainment bar and powder room. Stone flooring adorns the casual room, kitchen, and hallways. True chef’s kitchen shows seamless granite counters, center island, decorator backsplash, stainless steel farmhouse sink, 2 dishwashers. Top name appliances include Viking stove top with hood, Subzero refrigerator, new Wolf double ovens and convenient by-the-glass wine dispenser. The split level provides a Bonus suite with kitchen area, Bonus room and additional flexible room for office or bedroom space, perfect as a long-term guest quarters or work from home environment. There is an envied fresh air fitness center in this residence that is sun and rain protected, fully ventilated and can be accessed from the Primary Retreat or Bonus Suite. The secondary bedrooms at top level provide a full suite, an ocean view suite and additional bedroom. The primary bedroom with full retreat possesses commanding Newport Harbor, Peninsula, ocean and Catalina views. Entertainer's yard has lanai for lounging and enjoying sunshine, formal entertaining area with fireplace, a casual conversation area with firepit and a beach area for volleyball, sand paddleball or beach-like lounging which is all complimented by a new pebble-tech finish pool and spa with water feature and water slide. Scenic outdoor cooking and serving area with ocean view counter seating or use the comfortable outdoor dining area with pergola. The garage can accommodate 4 cars and has plenty of closed cabinet storage area. HVAC system is three zone, two water heaters with circulating pumps, outdoor surfer shower and a deep driveway for convenient guest parking.

Last Agent to Sell the Property

Michael Caruso

Arbor Real Estate License #01073919 Listed on: 05/19/2022

Arbor Real Estate

Co-Listed By

Phillip Caruso

Arbor Real Estate License #01934516

Last Buyer's Agent

Paul Daftarian

Luxe Real Estate License #01317949

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $110,137

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 0.4 Acre Lot
  • Property fronts a private road
  • Wrought Iron Fence
  • Stucco Fence
  • Level Lot
  • 477807126

HOA Fees

  • $788 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Electric Vehicle Home Charger
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Tandem Garage
  • Single Garage Door
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina
  • Panoramic

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 6,767 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Bar
  • Coffered Ceiling
  • Recessed Lighting
  • French Doors
  • Sliding Doors
  • Formal Entry
  • Wine Cellar
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Home Gym
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Built-In Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Kitchen Island
  • Granite Countertops
  • Utility Sink
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Pool

  • Pebble Pool Finish
  • Filtered Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Sport Court
  • Rooftop Deck
  • Open Patio
  • Outdoor Fireplace
  • Lanai
  • Terrace
  • Fire Pit
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 56
  • Tax Tract Number 14038
  • Assessor Parcel Number 47707146

Community Details

Overview

  • Pelican Ridge Estates Association, Phone Number (949) 497-3440
  • First Svc. HOA
  • Pelican Ridge Estates Subdivision

Security

  • Gated with Attendant
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$110,137

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$788 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Andrea Caruso
  • Other Phone Number: 949-463-8460
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Gated with Guard
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47707146
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6767.00 Square Feet
  • Interior Amenities: In-Law Floorplan, Bar, Coffered Ceiling(s), Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Wet Bar, Wired for Sound
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Retreat, Outside, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1477.76
  • Room Type: Bonus Room, Entry, Exercise Room, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Retreat, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, Heated, In Ground
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Linen Closet/Storage, Remodeled, Upgraded
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Sport Court Private
  • View: Catalina, Coastline, Harbor, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Stucco Wall, Wrought Iron
  • Patio And Porch Features: Lanai, Patio, Patio Open, Roof Top, Terrace
  • Pool Features: Private, Filtered, Gunite, Heated, In Ground, Pebble
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front, Garage - Single Door, Side by Side, Tandem Garage, Electric Vehicle Charging Station(s)
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Double Oven, Disposal, Microwave, Range Hood, Refrigerator, Trash Compactor, Warming Drawer
  • Heating Type: Forced Air, Zoned
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Guard, Controlled Access
  • Association Fee: 788.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge EStates
  • Phone: 949-497-3440
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Storm Drains, Street Lights
  • Association Management: First Svc.

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 477807126
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 17250.00
  • Lot Size Acres: 0.3960

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17250.0000 Square Feet
  • Number Of Units In Community: 93
  • Number Of Units Total: 92

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 56
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2022
Sold by
Anderson Family Trust
Bought by
Heleon Group Llc
Current Estimated Value
$10,192,780

Purchase Details

Closed on
Oct 28, 2015
Sold by
Anderson Robert E and Anderson Sheryl P
Bought by
Anderson Family Trust

Purchase Details

Closed on
Jan 10, 2006
Sold by
Anderson Robert E
Bought by
Anderson Robert E and Anderson Sheryl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,133,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2005
Sold by
Anderson Robert E and Anderson Sheryl P
Bought by
Anderson Robert E and Anderson Sheryl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,133,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 1997
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Anderson Robert E and Anderson Sheryl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
8%
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
Heleon Group Llc $10,000,000 Lawyers Title
Anderson Family Trust -- None Available
Anderson Robert E -- Fidelity National Title
Anderson Robert E -- Fidelity National Title
Anderson Robert E -- --
Anderson Robert E $1,850,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson Robert E $2,133,000
Previous Owner Anderson Robert E $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $10,000,000 -9.0% $1,478 / Sq Ft
05/19/2022 05/19/22 For Sale $10,995,000 -- $1,625 / 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 $110,137 $10,404,000 $8,816,226 $1,587,774
2024 $110,137 $10,200,000 $8,643,358 $1,556,642
2023 $107,660 $10,000,000 $8,473,880 $1,526,120
2022 $33,039 $3,054,839 $1,926,542 $1,128,297
2021 $31,949 $2,994,941 $1,888,767 $1,106,174
2020 $32,200 $2,964,232 $1,869,400 $1,094,832
2019 $31,720 $2,906,110 $1,832,745 $1,073,365
2018 $31,094 $2,849,128 $1,796,809 $1,052,319
2017 $31,483 $2,793,263 $1,761,577 $1,031,686
2016 $32,956 $2,738,494 $1,727,037 $1,011,457
2015 $32,737 $2,697,360 $1,701,096 $996,264
2014 $31,992 $2,644,523 $1,667,774 $976,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22106035

California Regional Multiple Listing Service (CRMLS)

APN: 477-071-26