Seller's Agent in 2022
Tim Smith
Coldwell Banker Realty
(949) 717-4711
15 in this area
713 Total Sales
7 Pelican Vista Dr Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $5,733,000 - $23,929,110
5
Beds
10
Baths
11,605
Sq Ft
$1,278/Sq Ft
Est. Value
Highlights
- Ocean View
- Golf Course Community
- Gated with Attendant
- Newport Coast Elementary School Rated A
- Wine Cellar
- Home Theater
About This Home
As of September 2022An enchanting palatial estate behind the guarded gates of Pelican Crest. Reminiscent of an Italian villa, the five-bedroom residence is set on an appx. 300' deep parcel over 29,800 square feet affording unique privacy and extraordinary ocean, city, and Newport Harbor views. Enter through a gated whimsical garden featuring mature plantings, a soaring columned front entry, and stunning tuscan-style fountain. The stately interiors exude romantic details such as a polychromatic hand-painted Florentine-style dome accentuated by a Dennis & Leen rock crystal chandelier, floors inlayed in Italian limestone, venetian plaster walls, cast stone niches, solid mahogany entry doors to the library and living room, inlayed oak floors, and hand-carved Italian marble fireplace mantels. Exemplifying refined grandeur, the home is introduced by a dramatic double groin vaulted hall with checkerboard-style granite and limestone flooring and a solarium highlighted by a hand-carved Italian fountain that leads to one of three loggias. The reception rooms are scaled for entertaining. Among them, a living room upholstered in Italian silk strie and a formal dining room embellished in hand-glazed coffered ceilings, a crystal chandelier, and wool and silk damask wall coverings. The intimate family room is serviced by a built-in bar and features beamed ceilings, a wall of retractable leather books concealing television, and five sets of French doors opening onto two large loggias with a Formations fireplace mantel. Satisfying modern tastes, the chef's kitchen is accoutered with French limestone floors, quartzite counters, and a farmhouse-style sink. Equally impressive, the fully-paneled library offers redwood burl panels, private entrance to a powder room, hand-carved 22k chandelier, and French doors that open to a loggia. The fireplace-warmed primary suite occupies a separate wing of the second level and hosts upholstered walls, custom millwork, a private covered terrace overlooking the blue water vistas, large walk-in closet, and spa-like bath outfitted in Calacatta marble. The lower level is dedicated to a subterranean garage, bar servicing a billiards room with wood flooring and limestone walls, dry sauna, and theater. Additional highlights include an elevator, paneled walls, and hand-glazed pilasters. Near world-class dining, shopping, entertainment, and dressed with every amenity imaginable, this exceptional abode is the epitome of timeless elegance.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $257,989
Year Built
- Built in 2005
Lot Details
- 0.69 Acre Lot
- Property fronts a private road
- Landscaped
- Back and Front Yard
HOA Fees
- $728 Monthly HOA Fees
Parking
- 8 Car Direct Access Garage
- Parking Available
- Driveway Down Slope From Street
Property Views
- Ocean
- Catalina
- Panoramic
Home Design
- Planned Development
Interior Spaces
- 11,605 Sq Ft Home
- 3-Story Property
- Elevator
- Dual Staircase
- Built-In Features
- Bar
- Crown Molding
- Wainscoting
- Beamed Ceilings
- Coffered Ceiling
- High Ceiling
- Skylights
- Recessed Lighting
- Plantation Shutters
- Custom Window Coverings
- French Doors
- Formal Entry
- Wine Cellar
- Separate Family Room
- Living Room with Fireplace
- Dining Room with Fireplace
- Home Theater
- Home Office
- Library with Fireplace
- Sauna
Kitchen
- Breakfast Area or Nook
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Gas Oven
- Six Burner Stove
- Built-In Range
- Warming Drawer
- Microwave
- Freezer
- Kitchen Island
- Quartz Countertops
- Utility Sink
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Makeup or Vanity Space
- Bidet
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Soaking Tub
- Multiple Shower Heads
- Separate Shower
- Closet In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Balcony
- Covered patio or porch
- Fireplace in Patio
- Outdoor Fireplace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- Standard Electricity
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 15205
- Assessor Parcel Number 47311117
- $699 per year additional tax assessments
Community Details
Overview
- Pelican Crest Association, Phone Number (949) 833-2600
- Keystone Pacific Property Management HOA
- Pelican Crest Subdivision
Recreation
- Golf Course Community
Security
- Gated with Attendant
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 1, 2000
Sold by
Irvine Community Development Company
Bought by
Halim Raouf Y and Halim Bernadette
Total Days on Market
171
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Halim Raouf Y | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Halim Raouf Y | $500,000 | |
| Open | Halim Raouf Y | $9,696,000 | |
| Closed | Halim Raouf Y | $9,650,000 | |
| Closed | Halim Raouf Y | $1,000,000 | |
| Closed | Halim Raouf Y | $9,000,000 | |
| Closed | Halim Raouf Y | $6,000,000 | |
| Closed | Halim Raouf Y | $3,000,000 | |
| Closed | Halim Raouf Y | $6,000,000 | |
| Closed | Halim Raouf Y | $500,000 | |
| Closed | Halim Raouf Y | $4,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2022 09/19/22 | Sold | $23,500,000 | -2.1% | $2,025 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 06/01/2022 06/01/22 | Price Changed | $23,995,000 | -11.1% | $2,068 / Sq Ft |
| 02/21/2022 02/21/22 | For Sale | $27,000,000 | -- | $2,327 / 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 | $257,989 | $23,970,000 | $19,223,348 | $4,746,652 |
| 2023 | $252,085 | $23,500,000 | $18,846,419 | $4,653,581 |
| 2022 | $80,877 | $7,528,898 | $4,456,175 | $3,072,723 |
| 2021 | $78,360 | $7,381,273 | $4,368,799 | $3,012,474 |
| 2020 | $78,669 | $7,305,588 | $4,324,003 | $2,981,585 |
| 2019 | $77,214 | $7,162,342 | $4,239,219 | $2,923,123 |
| 2018 | $75,678 | $7,021,904 | $4,156,097 | $2,865,807 |
| 2017 | $75,850 | $6,884,220 | $4,074,605 | $2,809,615 |
| 2016 | $77,699 | $6,749,236 | $3,994,711 | $2,754,525 |
| 2015 | $77,123 | $6,647,857 | $3,934,707 | $2,713,150 |
| 2014 | $75,358 | $6,517,635 | $3,857,631 | $2,660,004 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Smith
-
Nancy Dong
N
Buyer's Agent in 2022
Nancy Dong
(408) 416-3225
1 in this area
1 Total Sale
Map
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22023776
APN: 473-111-17
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