NOT LISTED FOR SALE

Estimated Value: $3,838,000 - $33,813,130

7 Beds
11 Baths
11,390 Sq Ft
$1,653/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $22,700,000 $1,993 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $122,288/month

389 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Private Pool
  • 0.58 Acre Lot

About This Home

As of December 2021

This home since 12 October 2020 and is currently estimated at $18,825,565, approximately $1,652 per square foot. This property was built in 2021. This home is a home located in Orange County with nearby schools including Newport Coast Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 10/12/2020

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Mark Stoll

Vista Sotheby's International Realty License #01280262

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $258,630

Year Built

  • Built in 2021

Lot Details

  • 0.58 Acre Lot
  • Corner Lot

HOA Fees

  • $926 Monthly HOA Fees

Parking

  • 8 Car Attached Garage

Property Views

  • White Water Ocean
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Planned Development

Interior Spaces

  • 11,390 Sq Ft Home
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Library
  • Home Gym
  • Walk-In Pantry
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • Private Pool
  • Spa

Additional Features

  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 114
  • Tax Tract Number 14065
  • Assessor Parcel Number 47306145

Community Details

Overview

  • Pelican Hill Association, Phone Number (800) 428-5588
  • Firstservice HOA
  • Pelican Hill Subdivision

Security

  • Security Guard
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$258,630

Year Built

Built in 2021

Lot Details

0

HOA Fees

$926 per month

Parking

8

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Hill (NCPH)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47306145
  • Year Built: 2021
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 11390.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1992.98
  • Room Type: Entry, Exercise Room, Family Room, Formal Entry, Kitchen, Laundry, Library, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private

Exterior Features

  • View: Catalina, City Lights, Harbor, Ocean, White Water
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

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, Controlled Access
  • Association Fee: 926.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Hill
  • Phone: 8004285588
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Suburban
  • Association Management: FirstService

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 25387.00
  • Lot Size Acres: 0.5828

Multi Family

  • Lease Considered: No
  • Lot Size Area: 25387.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 114
  • Tax Tract Number: 14065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Dec 16, 2021
Sold by
7 Harbor Light Llc
Bought by
Ghreiwati Issam Z and Ghreiwati Lama O
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Mark Stoll
Vista Sotheby's International Realty
List Price
$25,900,000
Sold Price
$22,700,000
Premium/Discount to List
-$3,200,000
-12.36%
Current Estimated Value
$18,825,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,874,435
Avg. Annual Appreciation
-7.11%
Original Mortgage
$12,485,000
Outstanding Balance
$11,687,474
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$5,500,806

Purchase Details

Closed on
Mar 29, 2017
Sold by
Winder Holly G
Bought by
7 Harbour Light Llc

Purchase Details

Closed on
Jun 17, 2010
Sold by
Winder Miguel G and Winder Holly G
Bought by
Winder Miguel G and Winder Holly G

Purchase Details

Closed on
Nov 16, 2009
Sold by
Root Steven and Root Tammy
Bought by
Winder Miguel G and Winder Holly G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
4.99%
Mortgage Type
Seller Take Back
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
Ghreiwati Issam Z $22,700,000 First American Title
7 Harbour Light Llc -- First American Title Co
Winder Miguel G -- Chicago Title Company
Winder Miguel G $1,500,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghreiwati Issam Z $12,485,000
Previous Owner Winder Miguel G $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $22,700,000 -12.4% $1,993 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/12/2020 10/12/20 For Sale $25,900,000 -- $2,274 / 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 $258,630 $24,738,251 $17,695,891 $7,042,360
2024 $258,630 $24,080,663 $17,348,913 $6,731,750
2023 $247,945 $23,154,000 $17,008,739 $6,145,261
2022 $243,863 $22,700,000 $16,675,234 $6,024,766
2021 $76,878 $7,214,304 $3,642,169 $3,572,135
2020 $53,854 $4,984,993 $3,604,824 $1,380,169
2019 $42,132 $3,886,978 $3,240,024 $646,954
2018 $34,285 $3,176,495 $3,176,495 $0
2017 $34,681 $3,114,211 $3,114,211 $0
2016 $36,782 $3,053,149 $3,053,149 $0
2015 $36,535 $3,007,288 $3,007,288 $0
2014 $35,701 $2,948,380 $2,948,380 $0
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20214845

California Regional Multiple Listing Service (CRMLS)

APN: 473-061-45