$5,007,000 - $18,243,287
RENTED JAN 15, 2025

5 Currents Newport Coast, CA 92657

Crystal Cove Neighborhood
5 Beds
6 Baths
6,900 Sq Ft
$1,672 Price per Sq Ft

About This Home

One of the most spectacular homes in Crystal Cove, this wonderfully-appointed, highly-upgraded Seacrest Plan 2A is an entertainer's paradise featuring breathtaking views of the ocean, Catalina and city lights. Situated on an over 26,000 square foot lot, the home offers five bedrooms, five and one-half baths. Enjoy exotic upgrades and unique finishes including dark plank wood floors, slab granite counter tops, and tongue & groove beam ceilings. A sumptuous master suite with his and her closets is conveniently situated on the lower level, along with a generously-sized guest wing. In the rear yard, experience year-round alfresco living featuring a pool with step-in beach and island spa, and two fire pits. An upstairs patio with outdoor fireplace and an oversized 3-car garage complete this magnificent home.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Second Amended And Restated C Ed Grasso
Bought by
Grasso Family Trust
Current Estimated Value
$11,536,429

Purchase Details

Closed on
Jun 5, 2013
Sold by
Shelly Damon
Bought by
Grasso Charles Edgar and The Second Amended & Restated C Ed Grass

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2008
Sold by
Wl Homes Llc
Bought by
Shelly Damon and The Damon Shelly Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,350,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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 Buyer Sale Price Title Company
Grasso Family Trust -- None Listed On Document
Grasso Charles Edgar $7,800,000 First American Title Company
Shelly Damon -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grasso Charles Edgar $1,138,576
Previous Owner Grasso Charles Edgar $4,000,000
Previous Owner Shelly Damon $3,210,000
Previous Owner Shelly Damon $3,243,000
Previous Owner Shelly Damon J $3,300,000
Previous Owner Shelly Damon $3,350,000
Previous Owner Shelly Damon $3,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Rented $36,000 +2.9% --
08/06/2024 08/06/24 Price Changed $34,995 -12.5% $5 / Sq Ft
07/23/2024 07/23/24 For Rent $39,995 +77.8% --
01/10/2020 01/10/20 Rented $22,500 -16.7% --
12/09/2019 12/09/19 For Rent $26,995 0.0% --
12/03/2019 12/03/19 Off Market $26,995 -- --
12/03/2019 12/03/19 For Rent $26,995 0.0% --
11/25/2019 11/25/19 Off Market $26,995 -- --
11/04/2019 11/04/19 For Rent $26,995 +17.4% --
07/27/2018 07/27/18 Rented $22,995 0.0% --
07/20/2018 07/20/18 For Rent $22,995 -- --

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 $102,974 $9,374,247 $7,116,643 $2,257,604
2023 $100,715 $9,190,439 $6,977,101 $2,213,338
2022 $98,541 $9,010,235 $6,840,295 $2,169,940
2021 $96,798 $8,833,564 $6,706,171 $2,127,393
2020 $95,917 $8,742,987 $6,637,407 $2,105,580
2019 $94,618 $8,571,556 $6,507,261 $2,064,295
2018 $92,842 $8,403,487 $6,379,668 $2,023,819
2017 $92,086 $8,238,713 $6,254,576 $1,984,137
2016 $89,823 $8,077,170 $6,131,937 $1,945,233
2015 $88,152 $7,955,844 $6,039,830 $1,916,014
2014 $86,508 $7,800,000 $5,921,518 $1,878,482
Source: Public Records

Agents Affiliated with this Home

  • John Cain

    Seller's Agent in 2025

    John Cain

    Pacific Sothebys

    (714) 655-8940

    58 in this area

    213 Total Sales

    John Cain
    Section Image
  • Leo Goldschwartz

    Buyer's Agent in 2025

    Leo Goldschwartz

    Coldwell Banker Realty

    (714) 719-0670

    62 Total Sales

    Leo Goldschwartz
    Section Image
  • Paul Daftarian

    Buyer's Agent in 2020

    Paul Daftarian

    Luxe Real Estate

    (714) 865-5969

    12 in this area

    247 Total Sales

    Paul Daftarian
    Section Image
  • Heather Hosto

    Buyer Co-Listing Agent in 2018

    Heather Hosto

    Pacific Sotheby's Int'l Realty

    (949) 500-7576

    12 Total Sales

    Heather Hosto
    Section Image
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Map

California Orange County Newport Coast 92657 Crystal Cove

5 Currents, Newport Coast, CA

This home is located at 5 Currents, Newport Coast, CA 92657 and is currently estimated at $11,536,429, approximately $1,671 per square foot. 5 Currents is a home located in Orange County with nearby schools including El Morro Elementary School, Thurston Middle School, and Laguna Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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