The custom contemporary mansion at 331 Monarch Bay Drive in Dana Point sold on June 27 for $8.3 million, under its January $9 million list price. The sellers, actress and comedienne Rita Rudner and her husband, producer Martin Bergman, originally listed it in 2013 at $8.97 million.
Five months ago, after their home was on the market more than 780 days and two other agents had tried to broker a sale of the couple’s home, Rudner and Bergman enlisted Tim Smith and Thomas Walsh of Coldwell Banker Previews International.
Buyers represented by Sean Stanfield of HÔM Sotheby’s International purchased the home for 92% of the list price, a figure Smith says is the highest ever recorded for a sale in the gated Monarch Bay community. A check of sales records on the Redfin website shows that that’s the case for at least the past three post-recession years.
Its open floor plan spans 5,000 square feet, seamlessly connecting all of the main living spaces and including five bedrooms, four baths, a family room with custom fireplace and built-ins, dining area, and chef’s kitchen complete with professional-grade stainless steel appliances, oversized center island, and breakfast bar.
Cape Cod Charmer
The home at 14 Bay Island, filled with Eastern Seaboard-style charm and character, was taken down to the studs in 2010 and completely renovated to include modern amenities while retaining its vintage Cape Cod style. The five-bedroom, six-bath home sold on June 29 for $11.3 million, coming in under its $12 million list price in March.
The home is 4,922 square feet and situated on Bay Island’s northwestern shore, providing views of Newport Harbor’s main turning basin and the Newport Channel.
Features include stained walnut hardwood floors, white cabinetry and paneling, Bluestone patios, and Carrera marble throughout. Modern conveniences include an elevator, Lutron electronic system with iPad controls throughout the home, and a new pier that can accommodate a boat of up to 72 feet and a side tie.
Steve High of Villa Real Estate was the listing agent, and Victoria Lee of HÔM Sotheby’s International was the buyer’s representative.
Over the Moon
The 7,418-square-foot, five-bedroom, six-bath estate at 21 Moonshell in Newport Coast sold on July 8 for $9 million, almost exactly matching its June list price.
It’s situated on one of the largest front-row lots in Newport Coast—0.40-acres—and offers abundant privacy with its long driveway and professionally landscaped grounds that add to the sense of seclusion.
Inside, materials include travertine and wood flooring, marble countertops and decorative iron details. The floorplan seamlessly integrates indoor and outdoor spaces through sliding doors that open to a center-yard courtyard and covered loggia. Additional highlights include a lower-level bonus room, bar and wine room.
John Cain and Kathryn White of HÔM Sotheby’s International represented the sale of the home, and Kevin Aaronson of Keller Williams Realty represented the buyer.
Puttin’ on the Ritz
The 6,200-square-foot custom home at 58 Ritz Cove Drive in Dana Point sold on July 7 for $8 million, coming in under its March list price of $8.5 million.
Panoramic ocean and Catalina Island views are visible from almost every room. The five bedrooms and six baths are joined by a media room, gym, and a master suite complete with fireplace, a retreat, and an extra-large viewing deck. The kitchen features handcrafted custom cabinetry, Viking appliances and a Subzero refrigerator.
Custom touches include Kohler plumbing fixtures throughout and a wrought-iron, custom-crafted staircase railing.
The property includes a saltwater swimming pool and spa off the covered loggia, and professionally designed landscaping with winding stone pathways.
Bob Wolff of Harcourts Prime Properties represented the seller, and Pat Nunnikhoven of Berkshire Hathaway HomeServices negotiated on behalf of the buyer.
