Seller's Agent in 2022
Suzanne Malerbe
RE/MAX
(714) 925-1436
2 in this area
50 Total Sales
7 Avalon Vista Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $7,541,000 - $22,035,553
6
Beds
8
Baths
10,097
Sq Ft
$1,465/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Wine Cellar
- Home Theater
- Newport Coast Elementary School Rated A
- 24-Hour Security
- Heated Infinity Pool
About This Home
As of March 2022Full Ocean view Estate located within the gates of Newport Coast’s premiere private community, Pelican Crest. This custom estate offers timeless elegance and seclusion nestled on a 30,000 sq ft front row parcel showcasing breathtaking full ocean white water views of the California Coastline including Pelican Hill Golf Course, Catalina Island and Newport Harbor. Enjoy the captivating sunsets that rest upon the pacific ocean along with the evening view of Newport Beach City lights.
This exceptional estate is approximately 10,000 sqft that offers a private guest casita that is surrounded by a lush garden and water fountains. Upon the formal entrance your greeted with a elaborate limestone winding staircase and elegant chandelier that sets the tone of this exceptional estate which includes a total of 6 bedrooms each with their own private balcony, 8 bathrooms, library/office, formal living room, formal dinning room, wine cellar, two additional family rooms, movie theatre, chefs dream kitchen, butler pantry and four car garage with gated driveway that could accomidate up to six additional cars.
The expansive lush exterior grounds adorned with citrus groves, a rose garden, multiple fountains, infinity pool, BBQ with exterior dining pavilion , covered heated decks and loggias throughout. This magnificent estate offers every amenity one could dream of in a coastal retreat.
Last Agent to Sell the Property
RE/MAX Select One License #01467209 Listed on: 10/27/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $181,910
Year Built
- Built in 2005
Lot Details
- 0.68 Acre Lot
- Fenced
- Stucco Fence
- Landscaped
- Front and Back Yard Sprinklers
- Density is up to 1 Unit/Acre
HOA Fees
Parking
- 4 Car Direct Access Garage
- 6 Open Parking Spaces
- Attached Carport
- Parking Available
- Driveway
- Auto Driveway Gate
Property Views
- White Water Ocean
- Marina
- Coastline
- Harbor
- Catalina
- City Lights
- Golf Course
- Hills
Home Design
- Mediterranean Architecture
- Turnkey
- Planned Development
- Spanish Tile Roof
Interior Spaces
- 10,097 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Beamed Ceilings
- Coffered Ceiling
- Cathedral Ceiling
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- L-Shaped Dining Room
- Formal Dining Room
- Home Theater
- Home Office
- Library with Fireplace
- Bonus Room
- Storage
Kitchen
- Kitchenette
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Range Hood
- Warming Drawer
- Ice Maker
- Dishwasher
- Kitchen Island
- Granite Countertops
- Quartz Countertops
- Instant Hot Water
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 6 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- All Bedrooms Down
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Upgraded Bathroom
- Granite Bathroom Countertops
- 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
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Pool
- Heated Infinity Pool
- Spa
Outdoor Features
- Living Room Balcony
- Covered Patio or Porch
- Fireplace in Patio
- Lanai
- Exterior Lighting
- Outdoor Grill
Location
- Suburban Location
Schools
- Naples Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Gas Water Heater
- Water Softener
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 15346
- Assessor Parcel Number 47316317
Community Details
Overview
- Pelican Crest Association, Phone Number (949) 833-2600
- Newport Coast Community Association, Phone Number (949) 448-6000
- Pelican Crest 1 HOA
- Pelican Crest Subdivision
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Meeting Room
Recreation
- Tennis Courts
- Community Playground
- Community Pool
- Community Spa
- Park
- Bike Trail
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 2, 2023
Sold by
Samir M Patel Trust
Bought by
Samir M Patel Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,456,709
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$12,171,745
Purchase Details
Listed on
Aug 6, 2013
Closed on
Dec 17, 2014
Sold by
Safael Parviz and Safaei Monireh
Bought by
Al Tuwaijri Mohammed and Albusaily Huda
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Suzanne Malerbe
RE/MAX Select One
List Price
$16,000,000
Sold Price
$11,500,000
Premium/Discount to List
-$4,500,000
-28.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.63%
Original Mortgage
$6,325,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 15, 2007
Sold by
Safaei Parviz and Safaei Monireh
Bought by
Safaei Parviz and Safaei Monireh
Purchase Details
Closed on
Jul 31, 2006
Sold by
Bacchus Development
Bought by
Safaei Parviz and Safaei Monireh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2003
Sold by
Irvine Community Development Co Llc
Bought by
Bacchus Development
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,079,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Samir M Patel Trust | -- | Ticor Title Company | |
| Al Tuwaijri Mohammed | $11,500,000 | Ortc | |
| Safaei Parviz | -- | None Available | |
| Safaei Parviz | $11,000,000 | Stewart Title Irvine | |
| Bacchus Development | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Samir M Patel Trust | $1,500,000 | |
| Previous Owner | Al Tuwaijri Mohammed | $6,207,000 | |
| Previous Owner | Al Tuwaijri Mohammed | $6,128,000 | |
| Previous Owner | Al Tuwaijri Mohammed | $6,325,000 | |
| Previous Owner | Safaei Parviz | $5,000,000 | |
| Previous Owner | Bacchus Development | $9,000,000 | |
| Previous Owner | Bacchus Development Inc | $500,000 | |
| Previous Owner | Bacchus Development | $1,000,000 | |
| Previous Owner | Bacchus Development | $5,400,000 | |
| Previous Owner | Bacchus Development | $2,079,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2022 03/04/22 | Sold | $16,250,000 | -4.4% | $1,609 / Sq Ft |
| 02/01/2022 02/01/22 | Pending | -- | -- | -- |
| 01/17/2022 01/17/22 | Price Changed | $16,995,000 | -5.6% | $1,683 / Sq Ft |
| 10/27/2021 10/27/21 | For Sale | $17,995,000 | +56.5% | $1,782 / Sq Ft |
| 02/13/2015 02/13/15 | Sold | $11,500,000 | -23.3% | $1,171 / Sq Ft |
| 12/15/2014 12/15/14 | Pending | -- | -- | -- |
| 04/28/2014 04/28/14 | Price Changed | $14,995,000 | -6.3% | $1,527 / Sq Ft |
| 08/06/2013 08/06/13 | For Sale | $16,000,000 | -- | $1,629 / 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 |
|---|---|---|---|---|
| 2025 | $181,910 | $17,244,630 | $13,203,760 | $4,040,870 |
| 2024 | $181,910 | $16,906,500 | $12,944,862 | $3,961,638 |
| 2023 | $177,768 | $16,575,000 | $12,691,041 | $3,883,959 |
| 2022 | $140,083 | $13,024,101 | $9,484,815 | $3,539,286 |
| 2021 | $136,425 | $12,768,727 | $9,298,838 | $3,469,889 |
| 2020 | $136,177 | $12,637,800 | $9,203,490 | $3,434,310 |
| 2019 | $133,514 | $12,390,000 | $9,023,029 | $3,366,971 |
| 2018 | $130,849 | $12,147,059 | $8,846,107 | $3,300,952 |
| 2017 | $130,040 | $11,908,882 | $8,672,654 | $3,236,228 |
| 2016 | $130,666 | $11,675,375 | $8,502,602 | $3,172,773 |
| 2015 | $122,509 | $10,843,049 | $8,119,750 | $2,723,299 |
| 2014 | $119,676 | $10,630,649 | $7,960,695 | $2,669,954 |
Source: Public Records
Agents Affiliated with this Home
-
Suzanne Malerbe
-
Paul Daftarian
Buyer's Agent in 2022
Paul Daftarian
Luxe Real Estate
(714) 865-5969
94 in this area
247 Total Sales
-
Rex Mckown
Seller's Agent in 2015
Rex Mckown
Compass
(949) 689-5018
17 in this area
56 Total Sales
-
Marcy Weinstein
Seller Co-Listing Agent in 2015
Marcy Weinstein
Compass
(949) 689-3550
15 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21236726
APN: 473-163-17
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