See Home Value
Listed by: Rex McKown, Compass
$13,708,750
● House - Off Market

5 Cypress Point Lane

Newport Beach, CA 92660
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,978 Ft²
$74,756
Est. Monthly
$1,108
HOA / Fees
1.10%
Cap Rate

About This Property

Located in the private gated country club coastal community of Big Canyon in Newport Beach, this luxurious estate boasts 5866 sqft of living space on a secluded peninsula parcel, offering unparalleled privacy and a feeling of solitude. Completely reconstructed using only the finest materials with thoughtful craftsmanship, this home is built with LEED certifications in mind. The residence features 4 bedroom suites and 4.5 bathrooms adorned with bespoke Ann Sacks tile work and premium fixtures. Communal living spaces include a theater, foyer, open great room/ dining room with La Cantina retractable doors seamlessly blending the interior with the serene outdoor spaces, media room, backyard with brand new pool and spa, Hasten BBQ area, outdoor lounge and dining space. The backyard is surrounded by new all-weather vinyl fencing and mature trees for utmost privacy. The master retreat spans the entire upper level, offering a sitting area, bedroom chamber, spa-like bathroom with Toto toilets, coffee and refreshment bar, direct elevator access, and flex space for an office, massage room, or home workout studio. The interiors are light and bright with an updated traditional aesthetic, featuring museum-grade lighting, brand new slate roof, solid white oak flooring, and premium insulation throughout. The gourmet kitchen is a chef's dream with a Dual fuel Wolf range, Subzero commercial refrigeration, walk-in butlers pantry, custom appliances including an icemaker, beverage fridge, and wine storage. Full home integration panels and touchpads control the entire house via the app-based Savant system. Additional features include 2 EV chargers in the 3 car garage and specialty designer lighting fixtures by John Pomp and Jonathan Browning. This estate offers easy access to the world-class amenities that define the Newport Beach lifestyle, from upscale boutiques and acclaimed dining establishments to pristine beaches, scenic hiking trails, renowned golf courses, and convenient airport access, providing every indulgence and convenience just moments from your doorstep.
Unit Size
5,978 Ft²
Days on Market
145 days
Land Size
0.36 acres
Price per sqft
$2,509
Property Type
House
Property Taxes
-
HOA Dues
$1,108
Year Built
1998

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Last updated: 2 years ago (CRMLS #NP24125223)

Price History

Date / Event Date Event Price
Nov 18, 2024 Sold
Sold
Oct 21, 2024 In contract -
In contract
Oct 8, 2024 Relisted $14,999,000
Relisted
Oct 5, 2024 No longer available -
No longer available
Oct 1, 2024 Price Decreased $14,999,000
↓ $2M (9.1%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 15,625
  • Total Building Area: 5,978
  • Gross Building Area: 5,978
  • Building Area: 5,978
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,978
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT NO 7223
  • Land Acres: 0000000359
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 7223 BLK LOT 15

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063007

Geography

  • Assessors Map Reference: 32-B5
  • Subdivision Tract Number: 7223
  • Parcel: 442-131-20
  • Lot: 15
  • Latitude: 33.6204
  • Longitude: -117.866

    Address

  • Full Address: 5 Cypress Point Ln
  • Address - House Number: 5
  • Address - Street Name: Cypress Point
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C017
  • 4-Digit Zip Code: 5209
  • Zip Code: 92660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,508,968
  • Tax Rate Code Area: 07-041

    Appraisal Valuation

  • Standard Deviation: 0.2007
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 73
  • Final Value: 6,365,069
  • High Value: 7,642,559
  • Low Value: 5,087,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,126,740
  • Assessed Land Value: $6,020,784
  • Assessed Improvements Value: $1,105,956

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2021000409589
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newport Beach


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Frequently Asked Questions

When was property at 5 Cypress Point Lane built and last sold?
The property at 5 Cypress Point Lane was built in 1998 and last sold on May 4, 2021 for $6,850,000.
How much is this home worth?
The estimated value of the home located at 5 Cypress Point Lane is $14,928,013.
What are some comparable homes to 5 Cypress Point Lane?
There are currently no comparable homes to 5 Cypress Point Lane.

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