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Tim C. Lorenz's Blog

By Tim C. Lorenz | Agent in Mission Viejo, CA

Newport Coast Home Sets Record

 

A Newport Coast home sets a new record for highest value for a home at a selling price of $19,777,777.  The home is a 3 story mansion with ocean view on 3 sides of the home.  The home was in Pelicans Crest a gated community within Newport Coast.

This sale ranks as the 13th highest home sale price in Orange County to date.  The second highest home sales price set its record in 2006 at $19,500,000.  That home was owned by Broadcom co-founder Henry T. Nicholas III. 

The Pelicans Crest home had 14-foot ceilings on the main floor and 12-foot ceilings on the second.  Nearly every room on the upper two levels has a view of Newport Bay, the Blue Pacific, and out to Catalina Island.  The home has 5 bedrooms and 8 bathrooms an elevator, eight fireplaces, a pool, spa.  But that is not all the home has a theater and a wine cellar.  The garage is a 6 car garage. 

The original asking price on the home was $25,000,000.  It truly a beautiful mansion here in South Orange County.

Tim Lorenz

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"We have actually closed many short sales!"

www.markandtim.com

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