$37,495,000
$3M PRICE DROP

Estimated payment $204,234/month

Total Views 80,516
6 Beds
10 Baths
11,041 Sq Ft
$3,396 Price per Sq Ft

Highlights

  • Ocean View
  • Home Theater
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Private Pool
  • Fireplace in Primary Bedroom

About This Home

Experience luxury living at its finest with this breathtaking panoramic oceanview estate in the exclusive Pelican Crest community of Newport Coast. With awe-inspiring views of the Pacific Ocean, white-water coastline, and twinkling lights of Newport Harbor, this property is the epitome of sophistication and comfort meticulously constructed by renowned builder, Mark Falcone. Boasting a spacious 11041 Sq ft sq. ft. home on a 16,525 sq. ft. lot, this 6-bedroom, 10-bathroom property is designed with a calming transitional style and finished to the highest standards of quality and craftsmanship. From the expansive foyer to the wood-clad office and artfully designed Bulthaup kitchen, every detail has been carefully considered to create a welcoming and relaxing atmosphere. Take in the stunning views from the light-filled common living areas, which flow seamlessly into the resort-style exterior grounds. Enjoy a dip in the pool, soak in the spa, or dine al fresco under the covered loggias. The tranquil water features, lounge areas, and dining spaces are perfect for entertaining or simply enjoying the peace and serenity of your surroundings. Other amenities of this luxurious property include a home gym, wine cellar and tasting room with windows showcasing the depths of the pool, cinematic theater, billiards room, bar, home spa, laundry, and commercial elevator to all three levels. The massive subterranean garage offers ample space for your vehicles and storage needs. This exquisite estate is truly one-of-a-kind and must be seen to be fully appreciated. Don't miss this opportunity to own a piece of paradise in the highly sought-after Pelican Crest community.

Listing Agent

Rex Mckown

Compass Brokerage Phone: 949-689-5018 License #01275953 Listed on: 02/03/2025

Compass

Co-Listing Agent

Marcy Weinstein

Compass Brokerage Phone: 949-689-5018 License #01094198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,831

Year Built

  • Built in 2001

Lot Details

  • 0.39 Acre Lot
  • Cul-De-Sac

HOA Fees

Parking

  • 7 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 11,041 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room with Fireplace
  • Home Theater
  • Library with Fireplace
  • Home Gym
  • Basement

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 15105
  • Assessor Parcel Number 47308305
  • $2,321 per year additional tax assessments

Community Details

Overview

  • Pelican Crest 1 Association, Phone Number (949) 833-2600
  • First Service HOA
  • Pelican Crest Subdivision

Recreation

  • Sport Court
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,831

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,463 per month

Parking

7

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Crest (NCPC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47308305
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 11041.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 4
  • Total Bedrooms: 6
  • Entry Level: 1
  • Fireplace Features: Library, Living Room, Primary Bedroom, Outside
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3395.98
  • Room Type: Basement, Exercise Room, Family Room, Home Theatre, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Primary Suite, Media Room
  • Spa Features: Private

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Sport Court
  • Association Fee: 1025.00
  • Association #2 Fee: 438.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Crest 1
  • Phone: (949) 833-2600
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: First Service

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 16895.00
  • Lot Size Acres: 0.3879

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16895.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 29
  • Tax Tract Number: 15105
  • TaxOtherAnnualAssessmentAmount: 2321.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $61,831 $5,887,444 $2,571,212 $3,316,232
2024 $61,831 $5,772,004 $2,520,796 $3,251,208
2023 $60,471 $5,658,828 $2,471,369 $3,187,459
2022 $59,472 $5,547,871 $2,422,911 $3,124,960
2021 $57,716 $5,439,090 $2,375,403 $3,063,687
2020 $57,878 $5,383,319 $2,351,046 $3,032,273
2019 $56,859 $5,277,764 $2,304,947 $2,972,817
2018 $55,731 $5,174,279 $2,259,752 $2,914,527
2017 $55,521 $5,072,823 $2,215,443 $2,857,380
2016 $58,077 $4,973,356 $2,172,003 $2,801,353
2015 $57,640 $4,898,652 $2,139,377 $2,759,275
2014 $56,295 $4,802,695 $2,097,470 $2,705,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2025 08/28/25 Price Changed $37,495,000 -6.3% $3,396 / Sq Ft
03/04/2025 03/04/25 For Sale $40,000,000 0.0% $3,623 / Sq Ft
02/10/2025 02/10/25 Off Market $40,000,000 -- --
02/03/2025 02/03/25 For Sale $40,000,000 0.0% $3,623 / Sq Ft
08/25/2023 08/25/23 Rented $39,000 -4.9% --
06/05/2023 06/05/23 For Rent $41,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,346,279 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25013393

California Regional Multiple Listing Service (CRMLS)

APN: 473-083-05