Former Angels’ third baseman Doug DeCinces and wife, Kristi, have sold their longtime Irvine Cove home off Riviera Way for $14 million in an off-market transaction.
The 3,686-square-foot property has four bedrooms, four bathrooms and an outdoor swimming pool and spa.
DeCinces bought the 1989 home in 1998 for $2.9 million, according to property records.
He was convicted last year of 14 felony counts related to insider trading and is awaiting sentencing.
TJ Williams of W Realty Group represented the buyer and seller.
The single-story property in the guard-gated Irvine Cove community is near the home of card-counting math professor Edward Thorp, who purchased the nearly 7,000-square-foot home last year for $22 million.
There was another sizable deal in the area this month when billionaire Bill Gross, co-founder of investment firm PIMCO, dropped $35.8 million on a 5,500-square-foot property that’s one of only five homes in the community with a beachfront location affording private access to the water.
Private Entry
Tucked inside the private Harbor Island enclave in Newport Beach is the brick-sided home of Western National Group Chief Executive Michael Hayde and his wife, Laura Khouri, president of Western National Property Management.
The couple is ready to depart the 8,765-square-foot home, listing it this month at an asking price of $18 million.
The four-bedroom, six-bathroom property has a sunken living room with a grand fireplace and bespoke onyx bar with a refrigerator and sink. The newly remodeled kitchen has three ovens, several refrigerated beverage drawers, freezer drawers, and a built-in refrigerator. There’s also a wrapping and craft room, gym and remodeled laundry room.
The master suite has two sitting areas and a balcony overlooking the manicured lawn, swimming pool and brick patio.
Outside, the waterfront property has a private pier and slip that can accommodate up to a 65-foot vessel and a small Duffy.
The couple purchased the home in 2016 for $12.9 million from John Woodhull, former chief executive of military electronics and information services provider Logicon Inc., a Northrop Grumman Corp. company, and his wife, Barbara.
Western National Group in Irvine owns, develops and manages apartment communities throughout the Western U.S.
Katie Machoskie of Compass has the listing.
Fresh Paint
A contemporary-style spec home linked to PIMCO Chief Investment Officer Scott Mather is on the market with an asking price of $21.9 million.
The 12,870-square-foot Crystal Cove mansion has six bedrooms and 10 bathrooms.
It offers the feel of an indoor-outdoor space with doors that open to the outside in almost every corner of the home, including a covered loggia extending across the second floor.
The home, at 42 Deep Sea, has a great room with a wall of retracting iron doors, a stone fireplace, bar, breakfast room, butler’s pantry and elevator. Other features include a billiards area, wine room, gym, indoor putting green, outdoor infinity pool and a nine-car garage with a vehicle turntable.
It was a collaboration of Costa Mesa-based architect David Hohmann, Newport Beach-based interior designer Errol de Jager and Los Angeles-based builder Dugally Oberfeld.
The seller is an entity linked to Newport Beach real estate firm Panattoni Development Co., which purchased it from Mather last year for $21 million. Mather scooped it up in 2014 for $5 million and finished rebuilding the home last year, according to property records.
Steve High and Evan Corkett of Villa Real Estate have the listing.
