5 Oceancrest Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $4,185,000 - $15,975,992
5
Beds
6.5
Baths
9,778
Sq Ft
$1,031/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Wine Cellar
- Home Theater
- Newport Coast Elementary School Rated A
- Gated with Attendant
- Private Pool
About This Home
As of June 2015This magnificent Pelican Crest property was built to become an enduring legacy estate, rendered in timeless architecture and luxe traditional European interiors composed of the finest artisan finishes. Sited on one of Pelican Crest’s most picturesque lots - spanning nearly 18,000 square feet - the more than 9,778-square-foot residence features 5 bedroom suites, 6.5 baths, breathtaking views stretching from Catalina Island to Newport Harbor, to city lights and the coastline. Most importantly, the home was designed for aficionados of fine living - appealing to motorcar collectors with a highly customized 5-car garage with turntable, to cinephiles with a director’s quality widescreen theater, to wine connoisseurs with a wine room, and to chef’s with a professional-grade kitchen. The estate also is ideal for entertaining on any scale - from intimate to grand, indoors and alfresco - thanks to its open floor plan comprised of large-scale rooms that feature tremendous views and direct access to the expansive grounds - including a resort-scale heated loggia, a sparkling pool and spa with fountains, and a barbecue kitchen with bar and outdoor fireplace. Pelican Crest residents enjoy 24/7 guard gate security, and convenient access to the Pelican Hill Resort.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $119,409
Year Built
- Built in 1999
Lot Details
- 0.41 Acre Lot
- Cul-De-Sac
- Back Yard
HOA Fees
- $59 Monthly HOA Fees
Parking
- 5 Car Direct Access Garage
- Parking Available
- Workshop in Garage
Property Views
- White Water Ocean
- Coastline
- Harbor
- Catalina
- Panoramic
- City Lights
Interior Spaces
- 9,778 Sq Ft Home
- Built-In Features
- Bar
- Coffered Ceiling
- Cathedral Ceiling
- Recessed Lighting
- French Doors
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Theater
- Home Office
- Library with Fireplace
- Workshop
- Home Gym
- Fire and Smoke Detector
- Laundry Room
- Basement
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Six Burner Stove
- Built-In Range
- Warming Drawer
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Fireplace in Kitchen
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Maid or Guest Quarters
Pool
- Private Pool
- Spa
Outdoor Features
- Ocean Side of Freeway
- Balcony
- Covered patio or porch
- Outdoor Fireplace
- Outdoor Grill
Additional Features
- Accessible Elevator Installed
- Suburban Location
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 15105
- Assessor Parcel Number 47308314
Community Details
Recreation
- Community Pool
- Community Spa
Additional Features
- Gated with Attendant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2017
Sold by
Vogal Lisa Jennifer Bhathal
Bought by
5 Vintage Llc
Total Days on Market
121
Current Estimated Value
Purchase Details
Closed on
Dec 3, 2015
Sold by
Merage Richard P and Merage Paul
Bought by
Rpm 2008 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,875,000
Interest Rate
3.71%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 28, 2015
Closed on
May 19, 2015
Sold by
Hsieh Sarah Clarkson Wood
Bought by
Hsieh Anthony
Seller's Agent
Jacqueline Thompson
Coldwell Banker Realty
Buyer's Agent
Jacqueline Walker
HomeSmart, Evergreen Realty
List Price
$10,495,000
Sold Price
$9,440,000
Premium/Discount to List
-$1,055,000
-10.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.16%
Purchase Details
Listed on
Jan 28, 2015
Closed on
May 4, 2015
Sold by
Hsieh Anthony
Bought by
Merage Richard and Merage Paul
Seller's Agent
Jacqueline Thompson
Coldwell Banker Realty
Buyer's Agent
Jacqueline Walker
HomeSmart, Evergreen Realty
List Price
$10,495,000
Sold Price
$9,440,000
Premium/Discount to List
-$1,055,000
-10.05%
Purchase Details
Closed on
Mar 23, 2006
Sold by
Whisenhunt Gene
Bought by
Hsieh Anthony
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,900,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 17, 2002
Sold by
Knight William John and Knight Lillian Verena
Bought by
Whisenhunt Gene and Ocean Sunset Trust
Purchase Details
Closed on
Apr 10, 2001
Sold by
Knight William J and Knight Lillian V
Bought by
Knight William John and Knight Lillian Verena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,400
Interest Rate
6.98%
Purchase Details
Closed on
Feb 18, 2000
Sold by
John Knight William and John Lillian V
Bought by
Knight William John and Knight Lillian Verena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 27, 1997
Sold by
Irvine Community Development Company
Bought by
Knight William John and Knight Lillian Verena
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Similar Home in Newport Coast, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5 Vintage Llc | -- | None Available | |
| Rpm 2008 Trust | -- | North American Title Co Inc | |
| Hsieh Anthony | -- | Western Resources Title Co | |
| Merage Richard | $9,440,000 | Western Resources Title Co | |
| Hsieh Anthony | $8,600,000 | Stewart Title Irvine | |
| Whisenhunt Gene | -- | Fidelity National Title Co | |
| Knight William John | -- | Fidelity National Title Co | |
| Knight William J | -- | Fidelity National Title Co | |
| Knight William John | -- | First American Title | |
| Knight William J | -- | First American Title | |
| Knight William John | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Merage Richard P | $7,266,288 | |
| Previous Owner | Merage Richard P | $7,772,664 | |
| Previous Owner | Rpm 2008 Trust | $7,875,000 | |
| Previous Owner | Hsieh Anthony | $4,900,000 | |
| Previous Owner | Whisenhunt Gene H | $5,000,000 | |
| Previous Owner | Knight William J | $644,400 | |
| Previous Owner | Knight William J | $650,000 | |
| Previous Owner | Knight William J | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2015 06/12/15 | Sold | $9,440,000 | -10.1% | $965 / Sq Ft |
| 05/29/2015 05/29/15 | Pending | -- | -- | -- |
| 01/28/2015 01/28/15 | For Sale | $10,495,000 | -- | $1,073 / 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 | $119,409 | $11,123,007 | $7,334,346 | $3,788,661 |
| 2023 | $116,713 | $10,904,909 | $7,190,535 | $3,714,374 |
| 2022 | $114,788 | $10,691,088 | $7,049,544 | $3,641,544 |
| 2021 | $111,965 | $10,481,459 | $6,911,317 | $3,570,142 |
| 2020 | $111,606 | $10,373,985 | $6,840,450 | $3,533,535 |
| 2019 | $109,457 | $10,170,574 | $6,706,324 | $3,464,250 |
| 2018 | $107,273 | $9,971,151 | $6,574,827 | $3,396,324 |
| 2017 | $106,145 | $9,775,639 | $6,445,909 | $3,329,730 |
| 2016 | $107,556 | $9,583,960 | $6,319,518 | $3,264,442 |
| 2015 | $90,735 | $7,959,000 | $4,953,766 | $3,005,234 |
| 2014 | -- | $7,959,000 | $4,953,766 | $3,005,234 |
Source: Public Records
Agents Affiliated with this Home
-
Jacqueline Thompson
Seller's Agent in 2015
Jacqueline Thompson
Coldwell Banker Realty
(949) 326-3392
7 in this area
116 Total Sales
-
Jacqueline Walker
Buyer's Agent in 2015
Jacqueline Walker
HomeSmart, Evergreen Realty
(949) 244-4534
94 Total Sales
-
Buyer's Agent in 2015
Jacqueline Ortega Walker
Keller Williams Realty
(916) 410-7720
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15019353
APN: 473-083-14
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