7 Sailcrest Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,023,000 - $17,981,514
7
Beds
8
Baths
9,812
Sq Ft
$1,325/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Home Theater
- Fireplace in Primary Bedroom
- Newport Coast Elementary School Rated A
- Private Pool
- Cul-De-Sac
About This Home
As of March 2021Situated on a front row unobstructed hilltop within Newport Coast’s coveted private custom community, Pelican Crest, this estate boasts coastal southern California grandeur throughout. Offering 9800 sqft of living space spanning across a 18,090 sqft lot the property showcases vistas of the white water coastline passed Newport Beach Harbor up to Palos Verdes with Catalina and year round sunsets resting in the backdrop. The calm tonal interior pallet evokes leisure and luxury reminiscent of the finest ocean resorts. With a focus on the extraordinary view all communal living spaces feature the textured endless horizon and accentuate the expansive feel of this home. Built across three levels, the main level hosts formal living/ dining, guest suite, wood clad office, kitchen open to informal living space, breakfast nook and covered loggias/ decks located throughout the perimeter. The subterranean level includes the 2390 sqft garage, secondary bedroom suite, laundry, gym, and entertainment room. The upper level contains the remaining secondary bedroom suites and the master retreat with ocean view decks spanning the entire rear of the estate. Outside, you will find beautiful hardscapes, lush landscapes, water / fire features, pool & spa, lounge spaces, expansive lawn, and BBQ station. This property and its picturesque setting represent coastal southern California living at its finest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $171,147
Year Built
- Built in 2001
Lot Details
- 0.42 Acre Lot
- Cul-De-Sac
HOA Fees
- $735 Monthly HOA Fees
Parking
- 4 Car Attached Garage
Property Views
- White Water Ocean
- Coastline
- Back Bay
- Harbor
- Catalina
- City Lights
Home Design
- Planned Development
Interior Spaces
- 9,812 Sq Ft Home
- Family Room with Fireplace
- Living Room with Fireplace
- Home Theater
- Library with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
Outdoor Features
- Private Pool
- Outdoor Fireplace
Additional Features
- Suburban Location
- Central Air
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 15105
- Assessor Parcel Number 47308304
Community Details
Overview
- Pelican Crest Association, Phone Number (855) 333-5149
- Firstservice Residential HOA
- Pelican Crest Subdivision
Security
- Security Guard
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2021
Closed on
Mar 31, 2021
Sold by
Blackerby Conrad
Bought by
Blackerby Barbara M
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Jorge Portillo
Compass
List Price
$16,500,000
Sold Price
$15,000,000
Premium/Discount to List
-$1,500,000
-9.09%
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,997,743
Avg. Annual Appreciation
-3.43%
Original Mortgage
$2,400,000
Outstanding Balance
$2,188,576
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$10,785,628
Purchase Details
Listed on
Mar 5, 2021
Closed on
Mar 23, 2021
Sold by
Blackerby Barbara M and Blackerby Conrad
Bought by
Wang Xi and He Qinjing
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Jorge Portillo
Compass
List Price
$16,500,000
Sold Price
$15,000,000
Premium/Discount to List
-$1,500,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,188,576
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$10,785,628
Purchase Details
Closed on
Aug 2, 2002
Sold by
Montevallo Inc
Bought by
Blackerby H Conrad and Blackerby Barbara M
Purchase Details
Closed on
Feb 4, 2000
Sold by
Pannier Loren C and Pannier Family Trust
Bought by
Montevallo Inc
Purchase Details
Closed on
Apr 2, 1998
Sold by
Irvine Community Development Company
Bought by
Pannier Loren C and Pannier Suzanne B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,130,850
Interest Rate
7%
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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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Xi | $15,000,000 | Lawyers Title | |
| Blackerby H Conrad | $7,000,000 | Stewart Title Of Ca Inc | |
| Montevallo Inc | $2,075,000 | First American Title Ins Co | |
| Pannier Loren C | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Xi | $2,400,000 | |
| Previous Owner | Pannier Loren C | $1,130,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $15,000,000 | -9.1% | $1,529 / Sq Ft |
| 03/21/2021 03/21/21 | Pending | -- | -- | -- |
| 03/08/2021 03/08/21 | For Sale | $16,500,000 | +10.0% | $1,682 / Sq Ft |
| 03/05/2021 03/05/21 | Off Market | $15,000,000 | -- | -- |
| 03/05/2021 03/05/21 | For Sale | $16,500,000 | -- | $1,682 / 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 | $171,147 | $15,932,470 | $11,377,378 | $4,555,092 |
| 2023 | $167,105 | $15,606,000 | $11,154,292 | $4,451,708 |
| 2022 | $164,351 | $15,300,000 | $10,935,580 | $4,364,420 |
| 2021 | $100,022 | $9,366,306 | $6,161,263 | $3,205,043 |
| 2020 | $99,777 | $9,270,267 | $6,098,087 | $3,172,180 |
| 2019 | $97,877 | $9,088,498 | $5,978,517 | $3,109,981 |
| 2018 | $95,925 | $8,910,293 | $5,861,292 | $3,049,001 |
| 2017 | $94,999 | $8,735,582 | $5,746,365 | $2,989,217 |
| 2016 | $96,662 | $8,564,297 | $5,633,692 | $2,930,605 |
| 2015 | $95,860 | $8,435,654 | $5,549,069 | $2,886,585 |
| 2014 | $93,615 | $8,270,412 | $5,440,371 | $2,830,041 |
Source: Public Records
Agents Affiliated with this Home
-
Rex Mckown
Seller's Agent in 2021
Rex Mckown
Compass
(949) 689-5018
19 in this area
59 Total Sales
-
Marcy Weinstein
Seller Co-Listing Agent in 2021
Marcy Weinstein
Compass
(949) 689-3550
16 in this area
42 Total Sales
-
Jorge Portillo
Buyer's Agent in 2021
Jorge Portillo
Compass
(949) 629-0255
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21042248
APN: 473-083-04
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