5 Clear Water Newport Coast, CA 92657
Crystal Cove NeighborhoodEstimated Value: $8,931,000 - $18,743,090
5
Beds
7
Baths
6,435
Sq Ft
$1,813/Sq Ft
Est. Value
Highlights
- Ocean View
- Fitness Center
- 24-Hour Security
- Harbor View Elementary School Rated A
- Wine Cellar
- Heated Infinity Pool
About This Home
As of April 2022Freshly Renovated with a re-imagined floor plan, this Custom Estate in Crystal Cove has been transformed into a 5 Bedroom & 7 Bathroom architectural masterpiece. If you saw the home prior to the Renovation, you owe it to yourself to come back and see it now. Perched on one of the most desirable front-row parcels of land in the community, the property enjoys spectacular panoramic ocean views from Catalina Island up to Palos Verdes and beyond, featuring year-round sunsets and sparkling city lights in the evenings. The new interior layout consists of three bedroom suites on the main floor, in addition to two ensuite bedrooms on the upper level. The main-floor primary suite includes a crackling stone fireplace and beautiful ocean views through the large glass pocket doors that lead out to the resort-style backyard. The opulent primary bathroom is complete with vaulted ceiling, heated floors, oversized glass-enclosed double shower with adjacent steam shower, large soaking tub and dual water closets. At the heart of the house lies an extraordinary gourmet kitchen with soaring ceilings, high-end appliances, sleek European cabinetry, bespoke chandeliers, a massive center island, and an open concept that flows into the great room and then out to the loggia through a wall of glass pocket doors that disappears from sight, for the ultimate in indoor/outdoor living. Additionally, there is an similarly styled catering kitchen and service bar across from the game room, with its 600+ bottle temperature-controlled wine cellar. Technology upgrades include the ultimate in home automated by Crestron, a myriad of state-of-the-art Audio/Video equipment, and an Infrared Security system. On the exterior, this truly one-of-a-kind residence offers a central courtyard, beautifully landscaped grounds, infinity edge beach-entry pool and spa, outdoor kitchen with pizza oven, and a gated motor court. The guard-gated community of Crystal Cove has much to offer its residents and guests, including the 2.5 acre Canyon Club for swimming, tennis, work-outs, entertaining and meetings. There are also parks, greenbelts and access to hiking and biking trails. Conveniently located just outside of the community gates, the Crystal Cove Promenade includes many casual and upscale options for dining and shopping. Crystal Cove State Beach sits just across Pacific Coast Hwy.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $96,904
Year Built
- Built in 2015 | Remodeled
Lot Details
- 0.42 Acre Lot
- Property fronts a private road
- Cul-De-Sac
- Northwest Facing Home
- Masonry wall
- Wrought Iron Fence
- Stucco Fence
- Landscaped
- Gentle Sloping Lot
- Sprinkler System
- Lawn
- Garden
- Back and Front Yard
- Density is 2-5 Units/Acre
HOA Fees
- $1,325 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- 5 Open Parking Spaces
- Parking Storage or Cabinetry
- Side Facing Garage
- Side by Side Parking
- Two Garage Doors
- Garage Door Opener
- Driveway Down Slope From Street
- Gated Parking
- On-Street Parking
Property Views
- Ocean
- Coastline
- Bay
- Harbor
- Catalina
- Panoramic
- City Lights
- Golf Course
- Bluff
- Canyon
- Hills
- Pool
- Courtyard
Home Design
- Custom Home
- Mediterranean Architecture
- Turnkey
- Additions or Alterations
- Planned Development
- Slab Foundation
- Frame Construction
- Spanish Tile Roof
- Clay Roof
- Stone Siding
- Steel Beams
- Pre-Cast Concrete Construction
- Plaster
Interior Spaces
- 6,435 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wired For Sound
- Wired For Data
- Built-In Features
- Beamed Ceilings
- Cathedral Ceiling
- Recessed Lighting
- Decorative Fireplace
- Gas Fireplace
- Double Pane Windows
- French Mullion Window
- Window Screens
- Sliding Doors
- Wine Cellar
- Great Room with Fireplace
- Family Room Off Kitchen
- Home Office
- Bonus Room
- Storage
- Laundry Room
Kitchen
- Updated Kitchen
- Dumbwaiter
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Microwave
- Water Line To Refrigerator
- Dishwasher
- Kitchen Island
- Stone Countertops
- Utility Sink
- Disposal
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 3 Main Level Bedrooms
- Primary Bedroom on Main
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Stone Bathroom Countertops
- Makeup or Vanity Space
- Bidet
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Soaking Tub
- Bathtub with Shower
- Multiple Shower Heads
- Separate Shower
- Exhaust Fan In Bathroom
- Linen Closet In Bathroom
Home Security
- Home Security System
- Smart Home
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Pool
- Heated Infinity Pool
- Filtered Pool
- Heated Spa
- In Ground Spa
- Saltwater Pool
- Permits For Spa
- Permits for Pool
Outdoor Features
- Covered patio or porch
- Fireplace in Patio
- Outdoor Fireplace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Location
- Property is near a clubhouse
- Property is near a park
- Suburban Location
Schools
- El Morro Elementary School
- Thurston Middle School
- Laguna Beach High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Vented Exhaust Fan
- Underground Utilities
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 16456
- Assessor Parcel Number 47726119
- $6,490 per year additional tax assessments
Community Details
Overview
- Crystal Cove Community Assoc Association, Phone Number (949) 376-4551
- Keystone Pacific HOA
- Crystal Cove Estate Collection Subdivision, Custom Floorplan
- Foothills
- Property is near a preserve or public land
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Meeting Room
- Card Room
Recreation
- Tennis Courts
- Pickleball Courts
- Sport Court
- Community Playground
- Fitness Center
- Community Pool
- Community Spa
- Park
- Hiking Trails
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2022
Closed on
Mar 29, 2022
Sold by
Valbuena Family Trust
Bought by
Perlman Living Trust
Seller's Agent
Rob Smith
Compass
Buyer's Agent
Marcy Weinstein
Compass
List Price
$15,800,000
Sold Price
$15,800,000
Total Days on Market
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,132,977
Avg. Annual Appreciation
-9.97%
Original Mortgage
$9,480,000
Outstanding Balance
$8,993,360
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$2,355,242
Purchase Details
Closed on
Mar 21, 2013
Sold by
Valbuena Stephen and Valbuena Lynn R
Bought by
Valbuena Stephen and Valbuena Lynn R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
3.49%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 1, 2010
Sold by
Smith Randall James and Smith Stephanie Shinmoto
Bought by
Valbuena Stephen and Valbuena Lynn R
Purchase Details
Closed on
Aug 21, 2007
Sold by
Irvine Community Development Co Llc
Bought by
Smith Randall James and Smith Stephanie Shinmoto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Similar Home in Newport Coast, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Perlman Living Trust | $15,800,000 | Chicago Title | |
| Valbuena Stephen | -- | Accommodation | |
| Valbuena Stephen | $2,500,000 | First American Title Nhs | |
| Smith Randall James | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Perlman Living Trust | $9,480,000 | |
| Previous Owner | Valbuena Stephen | $3,500,000 | |
| Previous Owner | Smith Randall James | $2,275,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2022 04/18/22 | Sold | $15,800,000 | 0.0% | $2,455 / Sq Ft |
| 03/22/2022 03/22/22 | Pending | -- | -- | -- |
| 01/28/2022 01/28/22 | For Sale | $15,800,000 | -- | $2,455 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $96,904 | $8,808,026 | $6,065,128 | $2,742,898 |
| 2023 | $94,866 | $8,635,320 | $5,946,204 | $2,689,116 |
| 2022 | $64,911 | $5,769,587 | $3,357,967 | $2,411,620 |
| 2021 | $63,828 | $5,656,458 | $3,292,124 | $2,364,334 |
| 2020 | $62,984 | $5,598,458 | $3,258,367 | $2,340,091 |
| 2019 | $62,550 | $5,488,685 | $3,194,478 | $2,294,207 |
| 2018 | $61,385 | $5,381,064 | $3,131,841 | $2,249,223 |
| 2017 | $61,288 | $5,275,553 | $3,070,432 | $2,205,121 |
| 2016 | $59,493 | $5,172,111 | $3,010,227 | $2,161,884 |
| 2015 | $56,445 | $4,858,978 | $2,965,011 | $1,893,967 |
| 2014 | $39,455 | $3,209,469 | $2,612,808 | $596,661 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Smith
Seller's Agent in 2022
Rob Smith
Compass
(949) 697-8855
4 in this area
32 Total Sales
-
Marcy Weinstein
Buyer's Agent in 2022
Marcy Weinstein
Compass
(949) 689-3550
11 in this area
43 Total Sales
-
Rex Mckown
Buyer Co-Listing Agent in 2022
Rex Mckown
Compass
(949) 689-5018
14 in this area
60 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22015550
APN: 477-261-19
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