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Sold for $30,600,000 · Jan 2023

SOLD

Listed at $45,000,000

Sold

1 Pelican Crest Drive, Newport Coast, CA 92657

Newport Coast, CA

MLS# OC21140960

13,437 Sq Ft • Single Family Home7bd • 11ba
411 days on market

Listing Agent

Paul Daftarian

Listing Agent

Luxe Real Estate

DRE #: 01317949

Brokerage: Luxe Real Estate

Property Details

7

Bedrooms

11

Bathrooms

13,437 sqft

Square Feet

2010

Year Built

0.73 acres

Lot Size

$2,277

Price/Sq Ft

8

Garage Spaces

$348/mo

HOA

Single Family Home

Property Type

Description

Unquestionably one of the best single lots in all the California Riviera, 1 Pelican Crest Dr is The pinnacle of coastal living and is situated on a nearly 3/4 of an acre lot in Newport Coast behind its own private gates. This trophy estate is one of the most distinguishable homes in the entire zip code and is I deally positioned to enjoy 220 degree unobstructed views of the Pacific Ocean’s sparkling waters, Catalina Island’s rolling cliff-sides, Pelican Hill golf course, and the glistening city lights that span the coastline all the way up to LA. Designed by renowned architect Fari and Constructed in 2010 and newly remodeled, no expense was spared with exquisite details such as imported Onyx slab floors, Cristalo slab counter-tops, fabric and wood paneled walls, artisan level Venetian plaster, and handcrafted fixtures throughout to name just a few. The thoughtful floor-plan offers ample formal spaces, Open concept living, chefs kitchen w/ secondary prep kitchen, dual offices, main floor guest suite, and a bedroom wing that is accentuated by a bonus room connecting 3 ocean view guest suites. Located on the North wing of the property, the grand master bedroom with split wings boasting unparalleled ocean and city light views, spacious private closets and bathrooms that create a sense of luxury and arrival. The grand estates amenities include a private gated circular motor court, hotel inspired foyer, true resort style backyard with pool + fountain, loggia, and cabana area, 13 seat Movie Theatre, 1200+ bottle Wine Cellar, Entertainment Bar + Lounge, Dance studio + gym, massage room, commercial elevator servicing all 3 levels, day-lit basement, 7 car garage, detached maids quarters, and an endless array of outdoor Ocean-view decks, balconies, & loggias providing a level of accommodation that rivals the world’s premier resort destinations. 1 Pelican Crest is legacy property to be enjoyed today and shared with generations to come.

Listing description from the January 2023 sale, as reported to CRMLS.

Facts & Features

Details

Pool
Yes
Cooling
CentralAir, Zoned
Heating
Central, Zoned
View
Catalina, CityLights, Coastline, Harbor, Ocean, Panoramic

Sale history for 1 Pelican Crest Drive

2 recorded sales

$30,600,000
Sold January 2023 · listed $45,000,000, on market June 2021, 411 days on market · MLS #OC21140960 · Source: CRMLS
Listing Agent: Paul Daftarian · Listing Office: Luxe Real Estate · Contact: 949-484-0387 · Bought with: Rob Smith · Compass
$24,100,000
Sold June 2017 · listed $29,900,000, orig. $37,000,000, on market March 2015, 758 days on market · MLS #NP15047495 · Source: CRMLS
Listing Agent: Rex McKown · Listing Office: Surterre Properties Inc. · Contact: 949-717-7100 · Bought with: Grace Tu · First Team Real Estate

How this sale compares

1 Pelican Crest Drive sold for $30,600,000 in January 2023, 32% under its $45,000,000 list price, after 411 days on the market. That works out to $2,277 per square foot on 13,437 square feet. Across 70 closed sales in 92657 over the last 12 months, the median sold price is $6,000,000 and the median is $1,584 per square foot, 30% below this sale's $2,277.

$2,277
This sale, per sq ft
$1,584
92657 median per sq ft (12 mo)
$6,000,000
92657 median sold price (12 mo)
70
Closed sales in 92657 (12 mo)
411
Days on market
−32%
Sold vs. list price
QuarterClosed sales in 92657Median sold price
Q1 20268$10,135,000
Q2 202626$7,107,500
Q3 202625$6,475,000
Q4 202610$3,625,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Newport Coast · Homes for sale in 92657

Recent sales near 1 Pelican Crest Drive

Closed sales reported in 92657, nearest first, last 12 months. All recent sales in Newport Coast →

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