Seller's Agent in 2021
Rex Mckown
Compass
(949) 689-5018
13 in this area
59 Total Sales
Estimated Value: $4,188,000 - $37,861,948
7
Beds
13
Baths
15,376
Sq Ft
$1,367/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- Private Pool
- Harbor View Elementary School Rated A
- New Construction
- Primary Bedroom Suite
About This Home
As of September 202116 Coral Ridge is a newly constructed masterpiece boasting panoramic views overlooking the Pacific Ocean. This rare 35ft. height custom home welcomes with a unique Northern Italian facade and landscaping abound. Upon entering, you are adorned with gorgeous European flooring and designer finishes throughout. The residence easily flows with an abundance of natural light shining through the perfectly framed large doors, windows and glass enclosed central courtyard. The Chef’s kitchen is anchored by a marble center island and replete with custom stainless appliances as well as a secondary kitchen and butler’s pantry. The upper living level consists of three well appointed full bedroom suites and a grand primary suite that opens to a huge outdoor observation terrace with breathtaking views of the coastline. For health and wellness enthusiasts the home comes equipped with a full gym, yoga and massage rooms. For the entertainment enthusiasts there is a state of the art cinema, game room, full bar and wine cellar. For the automotive enthusiasts, the two garages can accommodate 30 cars all illuminated by modern museum style lighting and 18ft car turntable. This one-of-a-kind four story home was lovingly built, designed with every detail in mind and is ready to impress.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $325,643
Year Built
- Built in 2021 | New Construction
Lot Details
- 0.53 Acre Lot
- Cul-De-Sac
HOA Fees
- $1,015 Monthly HOA Fees
Parking
- 30 Car Attached Garage
Property Views
- Ocean
- Catalina
Home Design
- Planned Development
Interior Spaces
- 15,376 Sq Ft Home
- Wine Cellar
- Family Room
- Living Room with Fireplace
- Dining Room with Fireplace
- Library with Fireplace
- Walk-In Pantry
- Laundry Room
- Basement
Bedrooms and Bathrooms
- 7 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
Additional Features
- Private Pool
- Suburban Location
- Zoned Heating and Cooling
Listing and Financial Details
- Tax Lot 38
- Tax Tract Number 16457
- Assessor Parcel Number 48918112
Community Details
Overview
- Crystal Cove Association, Phone Number (949) 833-2600
- Keystone Pacific HOA
- Crystal Cove Estate Collection Subdivision
Amenities
- Picnic Area
- Clubhouse
- Recreation Room
Recreation
- Sport Court
- Community Playground
- Hiking Trails
Security
- Security Guard
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2021
Closed on
Aug 24, 2021
Sold by
16 Coral Ridge Llc
Bought by
16 Coral Ridge Nc Llc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Marcy Weinstein
Compass
List Price
$39,950,000
Sold Price
$28,850,000
Premium/Discount to List
-$11,100,000
-27.78%
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
-$7,825,026
Avg. Annual Appreciation
-5.58%
Purchase Details
Closed on
Jan 24, 2017
Sold by
Chopra Rakesh and Chopra Manju
Bought by
16 Coral Ridge Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
4.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 29, 2013
Sold by
Irvine Community Development Company Llc
Bought by
Chopra Rakesh and Chopra Manju
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
3.51%
Mortgage Type
Construction
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 |
|---|---|---|---|
| 16 Coral Ridge Nc Llc | $28,850,000 | Lawyers Title | |
| 16 Coral Ridge Llc | -- | Fntg | |
| Chopra Rakesh | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 16 Coral Ridge Llc | $8,000,000 | |
| Previous Owner | 16 Coral Ridge Llc | $6,500,000 | |
| Previous Owner | Chopra Rakesh | $3,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2021 09/02/21 | Sold | $28,850,000 | -27.8% | $1,876 / Sq Ft |
| 08/22/2021 08/22/21 | Pending | -- | -- | -- |
| 04/29/2021 04/29/21 | For Sale | $39,950,000 | -- | $2,598 / 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 | $325,643 | $30,015,540 | $18,596,873 | $11,418,667 |
| 2023 | $318,265 | $29,427,000 | $18,232,228 | $11,194,772 |
| 2022 | $312,703 | $28,850,000 | $17,874,733 | $10,975,267 |
| 2021 | $130,878 | $11,931,452 | $3,594,738 | $8,336,714 |
| 2020 | $86,167 | $7,651,785 | $3,557,879 | $4,093,906 |
| 2019 | $64,279 | $5,535,068 | $3,488,117 | $2,046,951 |
| 2018 | $41,254 | $3,419,723 | $3,419,723 | $0 |
| 2017 | $36,907 | $2,911,494 | $2,911,494 | $0 |
| 2016 | $36,275 | $2,854,406 | $2,854,406 | $0 |
| 2015 | $35,523 | $2,811,531 | $2,811,531 | $0 |
| 2014 | $34,743 | $2,756,457 | $2,756,457 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rex Mckown
-
Marcy Weinstein
Seller Co-Listing Agent in 2021
Marcy Weinstein
Compass
(949) 689-3550
10 in this area
42 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21077454
APN: 489-181-12
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