NOT LISTED FOR SALE

Estimated Value: $8,292,000 - $10,240,182

4 Beds
4.5 Baths
5,020 Sq Ft
$1,827/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $7,880,000 $1,570 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $57,967/month

6 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of July 2023

Welcome to the 24/7 gated community, Pelican Ridge within California's coastal enclave, Newport Coast. This extraordinary estate offers a dreamlike living experience. With 4 bedrooms and 4.5 bathrooms, spanning 5,020 square feet, this home provides ample space for luxurious living. Situated on a front row location with unobstructed canyon views, privacy and tranquility are guaranteed on its 17,200 square foot parcel. Thoughtfully developed with quality construction, this home is both architecturally sound and meticulously maintained. The entrance features mature, landscaped gardens and on-grade motor-court leading to an oversized three-car garage. Inside, neutral interiors flooded with natural light create an inviting ambiance. The main level includes a formal living room centered around a large fireplace open to a spacious formal dining room, a grand rotunda foyer with powder room, an executive office, laundry room, a primary level guest suite with direct access to the backyard and a versatile flex room that could be reimagined into an additional bedroom if desired. The recently remodeled chef's kitchen is a culinary enthusiast's dream, flowing seamlessly into the open living room with a wet bar. Upstairs, the master retreat offers a separate lounge area, outdoor deck, expansive bathrooms, and closets. Wake up to breathtaking views and enjoy a true retreat-like experience. Outside, an inviting patio and lounge lead you to a sprawling lawn with stunning views of the the canyon and hills with the Pacific Ocean in the background, creating a coastal resort-like setting. This home represents your opportunity to create your very own coastal resort and must be experienced to appreciate its true value.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 06/19/2023

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Rex Mckown

Compass License #01275953 Listed on: 06/19/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,273

Year Built

  • Built in 1994

Lot Details

  • 0.4 Acre Lot
  • Sprinkler System
  • Private Yard
  • Front Yard

HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Canyon
  • Mountain

Home Design

  • Planned Development

Interior Spaces

  • 5,020 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Library
  • Laundry Room
  • Attic

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Additional Features

  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 14037
  • Assessor Parcel Number 47705135
  • $670 per year additional tax assessments

Community Details

Overview

  • Pelican Ridge Association, Phone Number (800) 428-5588
  • Firstservice Residential HOA
  • Pelican Ridge Estates Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool

Security

  • Security Guard
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,273

Year Built

Built in 1994

Lot Details

0

HOA Fees

$885 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47705135
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5020.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1569.72
  • Room Type: Attic, Entry, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Master Suite, Office

Exterior Features

  • View: Canyon, Mountain(s), Ocean
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Tennis Court(s), Sport Court, Clubhouse, Guard, Security, Controlled Access
  • Association Fee: 425.00
  • Association #2 Fee: 460.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge
  • Phone: 800.428.5588
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Suburban
  • Association Management: FirstService Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System, Yard
  • Lot Size Sq Ft: 17206.00
  • Lot Size Acres: 0.3950

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17206.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 28
  • Tax Tract Number: 14037
  • TaxOtherAnnualAssessmentAmount: 670.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jun 28, 2023
Sold by
Wilson Family Trust
Bought by
Grand Sheffield Llc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Rex Mckown
Compass
List Price
$8,250,000
Sold Price
$7,880,000
Premium/Discount to List
-$370,000
-4.48%
Views
61
Current Estimated Value
$9,172,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,292,046
Avg. Annual Appreciation
6.10%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Wilson Larry R and Wilson Nancy A
Bought by
Wilson Larry R and Wilson Nancy Ann

Purchase Details

Closed on
Dec 29, 1994
Sold by
Wilson Larry R and Wilson Nancy A
Bought by
Wilson Larry R and Wilson Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.15%
Source: Public Records

Range of Values:

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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
Grand Sheffield Llc $7,880,000 Lawyers Title
Wilson Larry R -- --
Wilson Larry R -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Larry R $250,000
Previous Owner Wilson Larry R $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2023 07/26/23 Sold $7,880,000 -4.5% $1,570 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $8,250,000 -- $1,643 / 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 $85,273 $8,037,600 $6,886,754 $1,150,846
2024 $85,273 $7,880,000 $6,751,719 $1,128,281
2023 $18,059 $1,664,030 $824,867 $839,163
2022 $17,754 $1,631,402 $808,693 $822,709
2021 $16,949 $1,599,414 $792,836 $806,578
2020 $17,354 $1,583,014 $784,706 $798,308
2019 $17,186 $1,551,975 $769,320 $782,655
2018 $16,851 $1,521,545 $754,236 $767,309
2017 $17,521 $1,491,711 $739,447 $752,264
2016 $19,348 $1,462,462 $724,948 $737,514
2015 $19,252 $1,440,495 $714,059 $726,436
2014 $18,818 $1,412,278 $700,071 $712,207
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23101990

California Regional Multiple Listing Service (CRMLS)

APN: 477-051-35