NOT LISTED FOR SALE

Estimated Value: $5,993,000 - $16,458,922

6 Beds
8 Baths
9,219 Sq Ft
$1,218/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $15,950,000 $1,730 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $77,766/month

313 Days on Market

Highlights

  • White Water Ocean Views
  • Private Pool
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • Sauna
  • Home Office

About This Home

As of October 2023

Perched atop a panoramic ocean view location with vistas that span from Catalina and Newport Harbor’s twinkling lights up the white-water California coast to Palos Verdes this resort inspired estate offers privacy and amenities leaving little to be desired. Located in the private 24/7 guard gated coastal community, Pelican Hill, this estate boasts 6 Bedrooms and 7 bathrooms at just over 9,216 sqft on a 18,924 sqft parcel. Neutral calm tones and an abundance of natural light and fresh ocean air flood the living areas marrying the ideal southern California coastal climate with the grand well-appointed interiors of the property. Large inviting common living and dining spaces located on the main level accompanied by wood clad office, gourmet kitchen, on grade garage, and bar all overlooking the stunning endless views. Primary and 3 secondary bedroom suites occupy the upper level of the residence while two bedroom suites, game room, living/ dining area, sauna and wine cellar reside on the properties lower level. Once outside you are transported into your own tropical oasis reminiscent of some of the finest ocean resorts outfitted with BBQ pavilion, fireplace lounge, sun deck, and pool with slide, waterfall and spa grotto lounge all surrounded by finely manicured and mature landscaping providing extreme privacy. This home represents one of the rare opportunities to own and reside in a custom residence in the highly sought-after Pelican Hill community and must be experienced to truly understand its year round beauty and amazing value.

Last Listed By

Rex Mckown

Compass License #01275953 Listed on: 10/14/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $171,843

Year Built

  • Built in 1996

Lot Details

  • 0.43 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $1,208 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Planned Development

Interior Spaces

  • 9,219 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Library with Fireplace
  • Sauna
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom

Pool

  • Private Pool
  • Spa

Additional Features

  • Outdoor Fireplace
  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 88
  • Tax Tract Number 14065
  • Assessor Parcel Number 47305132
  • $2,181 per year additional tax assessments

Community Details

Overview

  • Pelican Hill Association, Phone Number (855) 333-5149
  • Firstservice Residentail HOA
  • Pelican Hill Subdivision

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$171,843

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,208 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Pelican Hill (NCPH)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47305132
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 9219.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Library, Living Room, Master Bedroom, Outside
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 1730.12
  • Room Type: Family Room, Living Room, Office, Sauna
  • Spa Features: Private

Exterior Features

  • View: Catalina, City Lights, Coastline, Harbor, Ocean, Water, White Water
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Management, Guard, Security, Controlled Access
  • Association Fee: 1208.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Hill
  • Phone: 8553335149
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Suburban
  • Association Management: FirstService Residentail

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 18924.00
  • Lot Size Acres: 0.4344

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18924.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 88
  • Tax Tract Number: 14065
  • TaxOtherAnnualAssessmentAmount: 2181.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Sep 13, 2023
Sold by
Yin Li and Yin Weilin
Bought by
Sailview Coast Capital Llc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Daisy Dai
eXp realty of Greater Los Angeles
List Price
$18,680,000
Sold Price
$15,950,000
Premium/Discount to List
-$2,730,000
-14.61%
Total Days on Market
313
Views
329
Current Estimated Value
$11,225,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,724,039
Avg. Annual Appreciation
-19.38%

Purchase Details

Listed on
May 30, 2017
Closed on
Jun 14, 2017
Sold by
The Peykoff Family Trust
Bought by
Yin Li and Shen Weilin
Seller's Agent
Heather Kidder
Arbor Real Estate
Buyer's Agent
CINDY CHAN
Cindy Chan, Broker
List Price
$10,380,000
Sold Price
$10,100,000
Premium/Discount to List
-$280,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%

Range of Values:

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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
Sailview Coast Capital Llc $15,950,000 Lawyers Title Company
Yin Li $10,100,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peykoff Andrew D $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $15,950,000 -14.6% $1,730 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $18,680,000 +17.1% $2,026 / Sq Ft
04/25/2023 04/25/23 Off Market $15,950,000 -- --
04/19/2023 04/19/23 For Sale $18,680,000 +17.1% $2,026 / Sq Ft
04/04/2023 04/04/23 Off Market $15,950,000 -- --
10/14/2022 10/14/22 For Sale $18,680,000 +85.0% $2,026 / Sq Ft
07/27/2017 07/27/17 Sold $10,100,000 -2.7% $1,135 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $10,380,000 -- $1,166 / 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
2024 $171,843 $15,950,000 $12,661,114 $3,288,886
2023 $118,569 $11,045,825 $8,273,359 $2,772,466
2022 $116,613 $10,829,241 $8,111,137 $2,718,104
2021 $113,884 $10,616,903 $7,952,095 $2,664,808
2020 $113,381 $10,508,040 $7,870,556 $2,637,484
2019 $111,197 $10,302,000 $7,716,231 $2,585,769
2018 $108,979 $10,100,000 $7,564,932 $2,535,068
2017 $34,233 $3,061,739 $1,216,721 $1,845,018
2016 $35,797 $3,001,705 $1,192,863 $1,808,842
2015 $35,552 $2,956,617 $1,174,945 $1,781,672
2014 $34,734 $2,898,701 $1,151,929 $1,746,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22222334

California Regional Multiple Listing Service (CRMLS)

APN: 473-051-32