NOT LISTED FOR SALE

Estimated Value: $5,066,000 - $27,637,049

6 Beds
10 Baths
13,388 Sq Ft
$1,221/Sq Ft Est. Value

Last Sold August 16, 2018

Last sale price $15,800,000 $1,180 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $105,319/month

88 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Home Theater
  • Newport Coast Elementary School Rated A
  • 24-Hour Security
  • Heated Infinity Pool

About This Home

As of August 2018

Regarded as one of the best locations within all of Pelican Crest! This Fari inspired estate sits on the front row positioned amongst the finest homes in all of Newport Coast. The home spans 3 levels and features 6 bedroom suites all with their own patio/balcony. Stunning views of the ocean, harbor, Catalina, Pelican Hill Golf Course, and the city lights are unparalleled from this magnificent property. The home was built using all of the finest materials available and includes such amenities as a private 12 seat theater, elevator to all 3 levels, large gym with steam shower, sauna and full bath, infinity edge pool designed by the same people who did the famed Bellagio Hotel, a subterranean garage over 2,600 sq ft and a lot of almost 28,000 sq ft. Pelican Crest is a guard gated community with patrolled security and is conveniently located to world class shopping, dining, beaches and John Wayne Airport.

Last Agent to Sell the Property

Jeff Ewing

Coldwell Banker Realty License #01027345 Listed on: 04/16/2018

Coldwell Banker Realty

Last Buyer's Agent

Quan Zou

JC Pacific Corp License #01994038

JC Pacific Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $185,687

Year Built

  • Built in 2002

Lot Details

  • 0.64 Acre Lot
  • Glass Fence
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Secluded Lot
  • Sprinklers Throughout Yard
  • Lawn
  • Garden
  • Back and Front Yard

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Gated Parking

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights
  • Golf Course
  • Hills

Home Design

  • French Architecture
  • Turnkey
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 13,388 Sq Ft Home
  • Elevator
  • Wet Bar
  • Dual Staircase
  • Wired For Sound
  • Built-In Features
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Custom Window Coverings
  • French Mullion Window
  • French Doors
  • Entrance Foyer
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Theater
  • Home Office
  • Library
  • Sauna
  • Home Gym
  • Sump Pump
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Six Burner Stove
  • Range Hood
  • Microwave
  • Ice Maker
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Multiple Shower Heads
  • Separate Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Heated Infinity Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 15105
  • Assessor Parcel Number 47308254

Community Details

Overview

  • Pelican Crest Association, Phone Number (949) 448-6183

Recreation

  • Community Pool

Additional Features

  • Community Barbecue Grill
  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$185,687

Year Built

Built in 2002

Lot Details

0

HOA Fees

$750 per month

Parking

6

Listing Details

  • Assessments: Yes
  • Ad Number: 949 275-0022
  • Other Phone Description: 949 275-0022
  • Other Phone Number: 949 275-0022
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Security System, Smoke Detector(s)
  • Subdivision Name Other: Pelican Crest (NCPC)
  • View: Yes
  • Architectural Style: French
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47308254
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 13388.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Elevator, Granite Counters, High Ceilings, Recessed Lighting, Sump Pump, Wet Bar, Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Eating Area: Area, Family Kitchen
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Gas, Wood Burning
  • Levels: Three Or More
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1180.16
  • Room Type: Exercise Room, Family Room, Foyer, Home Theatre, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Master Suite, Office, Sauna, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, In Ground
  • Window Features: Custom Covering, French/Mullioned
  • Bathroom Features: Bathtub, Bidet, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Granite Counters, Jetted Tub, Separate Tub And Shower, Stone Counters, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Sauna Private
  • Exterior Features: Barbecue Private, Rain Gutters, Satellite Dish
  • View: Catalina, City Lights, Coastline, Golf Course, Harbor, Hills, Ocean, Panoramic, Pier, Water, White Water
  • Fence: Yes
  • Fencing: Block, Glass, Good Condition
  • Patio And Porch Features: Covered, Patio, Stone
  • Pool Features: Private, Heated, In Ground, Infinity
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Gated, Oversized, Subterranean
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Double Oven, Disposal, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue
  • Association Fee: 750.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Crest
  • Phone: 949 448-6183
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Lot 20000-39999 Sqft, Secluded, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 27915.00
  • Lot Size Acres: 0.6408

Multi Family

  • Lease Considered: No
  • Lot Size Area: 27915.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 40
  • Tax Tract Number: 15105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jul 26, 2018
Sold by
Rhodes Thomas W and Rhodes Michelle A
Bought by
Silver Ocean Llc
Seller's Agent
Jeff Ewing
Coldwell Banker Realty
Buyer's Agent
Quan Zou
JC Pacific Corp
List Price
$19,950,000
Sold Price
$15,800,000
Premium/Discount to List
-$4,150,000
-20.8%
Current Estimated Value
$16,351,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$551,525
Avg. Annual Appreciation
-0.83%

Purchase Details

Closed on
Feb 2, 2004
Sold by
Mcmackin Ronald G and Mcmackin Cindy
Bought by
Rhodes Thomas W and Rhodes Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 1999
Sold by
Irvine Community Development Company
Bought by
Mcmackin Ronald G and Mcmackin Cindy
Source: Public Records

Range of Values:

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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
Silver Ocean Llc $15,800,000 Chicago Title Co
Rhodes Thomas W -- Chicago Title
Mcmackin Ronald G -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Thomas W $7,525,000
Previous Owner Rhodes Thomas W $6,000,000
Previous Owner Mcmackin Ronald G $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2018 08/16/18 Sold $15,800,000 -12.0% $1,180 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/19/2018 06/19/18 Price Changed $17,950,000 -10.0% $1,341 / Sq Ft
04/16/2018 04/16/18 For Sale $19,950,000 -- $1,490 / 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 $185,687 $17,625,199 $12,669,016 $4,956,183
2024 $185,687 $17,279,607 $12,420,604 $4,859,003
2023 $181,457 $16,940,792 $12,177,063 $4,763,729
2022 $178,469 $16,608,620 $11,938,297 $4,670,323
2021 $174,420 $16,282,961 $11,704,212 $4,578,749
2020 $173,462 $16,116,000 $11,584,200 $4,531,800
2019 $170,016 $15,800,000 $11,357,058 $4,442,942
2018 $145,295 $13,495,358 $10,103,577 $3,391,781
2017 $143,490 $13,230,744 $9,905,468 $3,325,276
2016 $144,058 $12,971,318 $9,711,243 $3,260,075
2015 $142,809 $12,776,477 $9,565,371 $3,211,106
2014 $139,460 $12,526,204 $9,377,999 $3,148,205
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18086904

California Regional Multiple Listing Service (CRMLS)

APN: 473-082-54