The priciest reported OC home sales so far this year are all in the $30 million range, and, perhaps unsurprisingly, are all in Newport Beach.
The three largest deals, closed in as many months, raked in a total of $110 million.
One of them was a nearly 19,000-square-foot home in Crystal Cove that sold last month for $38 million. It set a record for the immediate area and is the priciest reported home sale this year.
Property records indicate the buyer is linked to the family behind Panattoni Development, a Newport Beach-based industrial developer.
Rex McKown and Marcy Weinstein of Compass had the listing for the five-bedroom custom estate at 28 Misdummer, which was built in 2016 on a double lot.
Steve High and Evan Corkett of Villa Real Estate represented the buyer.
The Crystal Cove deal is followed by the $37 million trade of 18 Harbor Island (see story, this page), and the $35 million sale of a Newport Harbor estate that some refer to as the “Duffy” house.
Property records and other news reports link the Duffy homebuyer to Jared Smith, who co-founded enterprise software firm Qualtrics with his family. The Provo, Utah-based firm was sold last year to SAP for $8 billion.
Tim Smith of Coldwell Banker Residential Brokerage had the listing; Tara Foster Shapiro of Pacific Sotheby’s International Realty represented the buyer.
