NOT LISTED FOR SALE

Newport Coast, CA 92657

Newport Coast Neighborhood

Estimated Value: $4,891,000 - $17,331,407

5 Beds
5.5 Baths
7,135 Sq Ft
$1,479/Sq Ft Est. Value

Last Sold September 28, 2019

Last sale price $7,650,000 $1,072 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $63,756/month

107 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Primary Bedroom Suite
  • Harbor View Elementary School Rated A
  • Saltwater Pool
  • Fireplace in Primary Bedroom

About This Home

As of September 2019

Located on one of the finest lots in Newport Coast's private, gated community Pelican Point, this estate epitomizes the best aspirational oceanfront living. Like its 12,000 square foot lot, this resort inspired residence is also generously dimensioned with 7135 square feet, three bedroom suites on its upper level, one bedroom suite on the main level, and an optional fifth bedroom suite in the subterranean level that is currently being used as an in-home gym and spa. Evoking California coastal elegance with upholstered wall coverings, rich window coverings, walnut floors and fine limestone throughout, the home's interiors complemented the property's expansive grounds. A thoughtfully placed blend of lush, mature landscaping, quality hardscape, private enclosed courtyard covered loggia, salt water pool, spa and water features. A short distance away, the community's private gated access to Crystal Cove State Beach offers residents miles of California's premier coastline, world renowned surf and walking/hiking trails. WE ARE REMOVING THE PROPERTY FROM THE MLS UNTIL SEPTEMBER. PLEASE CONTACT MICHAELA IF YOU HAVE ANY QUESTIONS.

Last Agent to Sell the Property

Michaela McCloskey

Compass License #01261456 Listed on: 05/03/2019

Compass

Last Buyer's Agent

Eric Neff

Compass License #01873751

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,270

Year Built

  • Built in 2006

Lot Details

  • 0.27

HOA Fees

  • $680 Monthly HOA Fees

Parking

  • 6 Car Attached Garage

Property Views

  • Ocean
  • City Lights
  • Golf Course

Interior Spaces

  • 7,135 Sq Ft Home
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Den
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Saltwater Pool
  • Outdoor Fireplace
  • Exterior Lighting

Additional Features

  • 0.27 Acre Lot
  • Central Air

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 14063
  • Assessor Parcel Number 47509125

Community Details

Overview

  • First Services Association, Phone Number (949) 448-6000

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,270

Year Built

Built in 2006

Lot Details

0

HOA Fees

$680 per month

Parking

6

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Pelican Point (NCPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47509125
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7135.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Outside
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1072.18
  • Room Type: Den, Formal Entry, Laundry, Living Room, Master Suite, Walk-In Closet, Wine Cellar

Exterior Features

  • View: City Lights, Golf Course, Ocean
  • Pool Features: Private, Salt Water
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

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: Guard, Security
  • Association Fee: 680.00
  • Association Fee Frequency: Monthly
  • Association Name: First Services
  • Phone: 9494486000
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11715.00
  • Lot Size Acres: 0.2689

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11715.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 14
  • Tax Tract Number: 14063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2019
Closed on
Sep 16, 2019
Sold by
Delano Randolph A and Delano Delando Tamara
Bought by
Ghataode Ravi Behan and Ghataode Jasmine Le
Seller's Agent
Michaela McCloskey
Compass
Buyer's Agent
Eric Neff
Compass
List Price
$9,950,000
Sold Price
$7,650,000
Premium/Discount to List
-$2,300,000
-23.12%
Current Estimated Value
$10,551,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,901,136
Avg. Annual Appreciation
5.75%
Original Mortgage
$5,000,000
Outstanding Balance
$4,389,176
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$6,305,657

Purchase Details

Closed on
Sep 25, 2018
Sold by
Delano Randolph A and Delano Tamara R
Bought by
Delano Randolph A and Delano Tamara R

Purchase Details

Closed on
Dec 11, 2007
Sold by
Delano Randolph and Delano Tamara
Bought by
Delano Randolph A and Delano Tamara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,325,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2006
Sold by
Pritt Frank Wilson
Bought by
Delano Randolph and Delano Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,325,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Ghataode Ravi Behan $7,650,000 Lawyers Title
Delano Randolph A -- None Available
Delano Randolph A -- Stewart Title
Delano Randolph $7,500,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghataode Ravi Behan $5,000,000
Previous Owner Delano Randolph A $5,000,000
Previous Owner Delano Randolph A $4,325,000
Previous Owner Delano Randolph A $4,325,000
Previous Owner Delano Randolph $4,325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2019 09/28/19 Sold $7,650,000 -23.1% $1,072 / Sq Ft
08/19/2019 08/19/19 For Sale $9,950,000 +30.1% $1,395 / Sq Ft
07/24/2019 07/24/19 Off Market $7,650,000 -- --
05/03/2019 05/03/19 For Sale $9,950,000 -- $1,395 / 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 $88,270 $8,366,391 $5,989,778 $2,376,613
2024 $88,270 $8,202,345 $5,872,332 $2,330,013
2023 $86,297 $8,041,515 $5,757,188 $2,284,327
2022 $84,871 $7,883,839 $5,644,302 $2,239,537
2021 $82,943 $7,729,254 $5,533,629 $2,195,625
2020 $82,620 $7,650,000 $5,476,888 $2,173,112
2019 $97,275 $9,007,859 $6,587,213 $2,420,646
2018 $95,337 $8,831,235 $6,458,052 $2,373,183
2017 $94,217 $8,658,074 $6,331,424 $2,326,650
2016 $93,299 $8,488,308 $6,207,278 $2,281,030
2015 $92,482 $8,360,806 $6,114,039 $2,246,767
2014 $90,329 $8,197,030 $5,994,274 $2,202,756
Source: Public Records

Agents Affiliated with this Home

  • Michaela McCloskey

    Seller's Agent in 2019

    Michaela McCloskey

    Compass

    (949) 438-4340

    10 Total Sales

    Michaela McCloskey
    Section Image
  • Eric Neff

    Buyer's Agent in 2019

    Eric Neff

    Compass

    (949) 500-7119

    1 in this area

    8 Total Sales

    Eric Neff
    Section Image
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19102744

California Regional Multiple Listing Service (CRMLS)

APN: 475-091-25

California Orange County Newport Coast 92657

Newport Coast

This home since 03 May 2019 and is currently estimated at $10,551,136, approximately $1,478 per square foot. This property was built in 2006. This home is a home located in Orange County with nearby schools including Harbor View Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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