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Tuesday, Dec 10, 2024
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Pelican Hill Estate Exchanges After 9 Days

A three-level house measuring nearly 10,000 square feet and offering views of Catalina Island, Newport Harbor and the Pacific Ocean was snagged almost as soon as it was put on the market.

Listing agents Rex Mckown and Marcy Weinstein of Compass sold the 9,920-square-foot estate at 10 Fairway Point in Newport Coast’s Pelican Hill neighborhood.

The six-bedroom and nine-bathroom house sold for $24 million on Nov. 6, after being on the market for nine days.

The estate sits on a 21,500-square-foot front row parcel and is adjacent to a golf course.

The house also features a home-office with ocean views, billiards room, wine cellar, multiple balconies and loggias and an entertainment level that opens to the pool area.

The estate sold for 14% less than the listed price and at $2,419 per square foot, per Homes.com.

Rob Smith of Compass represented the undisclosed buyer.

 

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Sonia Chung
Sonia Chung
Sonia Chung joined the Orange County Business Journal in 2021 as their Marketing Creative Director. In her role she creates all visual content as it relates to the marketing needs for the sales and events teams. Her responsibilities include the creation of marketing materials for six annual corporate events, weekly print advertisements, sales flyers in correspondence to the editorial calendar, social media graphics, PowerPoint presentation decks, e-blasts, and maintains the online presence for Orange County Business Journal’s corporate events.
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