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Look Back at 2017 Market Shows Head-Turning Sales

From sale prices that defied gravity to expansive mansions with enough square footage to enfold several individual houses, the 2017 Orange County luxury real estate market was one for the record books.

Here’s a look at some of the best and biggest of a standout year:

• Largest home, largest lot, biggest sale: The mansion at 1 Pelican Hill Road in Newport Coast took three top spots: the highest transaction price, the largest home size and the biggest parcel of land. Known as Villa Del Lago, the 17,000-square-foot home is ensconced on 12.47 acres—the largest lot in coastal Orange County. It sold in November for $40 million, represented by John Stanaland of the Stanaland Group, HOM Sotheby’s International.

• Priciest buildable lot: The Strand at Headlands in Dana Point is on a .27-acre flat lot situated on a white-sand beach with white water and coastline views. It sold on Aug. 25 for $12.25 million, Jeff Golden of The Strand Realty representing the seller.

• Priciest condo: 34385 Dana Strand Road, Unit B in Dana Point is a 4,057-square-foot, ocean-view condominium on the Headlands between Dana Point Harbor and the Ritz Carlton resort. It sold on April 26 for $7 million, represented by Michael Dipilla of Berkshire Hathaway HomeService.

• Highest per square foot: Kevin Kanda of Surterre Properties represented the sale of 58 Emerald Bay for $17 million on Nov. 27. The brand-new home set records for price per square foot of an off-water property in Orange County, valued at approximately $4,000 per square foot.

• Most luxury home sales: Newport Coast, zip code 92657, boasts the largest number of homes sold above the $4 million luxury price point: 107.

Record-Setter

16 Kingsport Drive in Newport Coast fetched the sales price record in Pelican Ridge: $7.68 million. The 5,651-square-foot California-Mediterranean estate delivers panoramic ocean, Catalina Island and harbor views.

The four-bedroom, five-bath home sits on a private .37-acre parcel. Rebuilt last year, its design accentuates natural light. The gourmet kitchen features marble counters and a white quartzite center island. And the grounds include a resort-style saltwater pool and spa, built-in barbecue, fire pit and landscaped grassy yard.

The main floor features an office, music/game room and a bedroom suite. Upstairs, the master suite offers a balcony overlooking the ocean.

Kathryn White and Andre White, both of Compass Real Estate, represented the seller, and Susie Denton of Keller Williams Realty represented the buyer.

Never Leave Home Again

1805 East Bay Ave. in Newport Beach sold on Dec. 5 for $6.15 million. It was most recently listed at $6.6 million.

The home is nestled onto a 4,860-square-foot waterfront lot and has both a private sandy beach and a dock for two boats. Recently renovated, the 2,863-square-foot home offers a family/game room, private office, chef’s kitchen and four bedrooms and 4 ½ baths. The living room has sliding glass doors leading to a covered patio and barbecue area. Also featured is an office with a private bath and an outdoor entry, a powder room, and direct access to the two-car garage.

Victoria Lee and Brad Barker, both of HOM Sotheby’s International, represented the seller, and Julia Zeiler of Villa Real Estate represented the buyer.

View Fit for a King

On Dec. 6, 1901 Kings Road in Newport Beach sold for $5.95 million. It was listed in August for $6.75 million.

The traditional-style home boasts 8,125 square feet. It has numerous amenities, including custom ironwork, stone floors and floor-to-ceiling windows. It also boasts ocean views from nearly every room, including the entryway, media room, living room, kitchen, dining room and its five bedrooms.

In addition to those rooms, the home offers a 1,000-square-foot casita with a bath and separate entrance.

The home sits on a .27-acre lot that includes a swimming pool, spa and putting green.

Teri Armstrong Hardke of Coldwell Banker Residential Brokerage and Steve High of Villa Real Estate represented the seller and buyer, respectively.

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