See Home Value
$19,877,160*
House - Off Market

7 Rim Ridge

Newport Coast, CA 92657
bedrooms
7 Beds
bathrooms
10 Baths, 1 Half Bath
square feet
9982 Sqft
$12,510,000 - $15,290,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
Sold Aug 06, 2018
$12,337,273
$3,000,000 by Sterling Bank & Trust Fsb
Mortgage Due Sep 01, 2048
Sold Nov 30, 1995
Transfer

About This Property

This home is located in the one of the best locations of the prestigious Pelican Hill. It boosts vibrant panoramic views of the Pacific Ocean, Catalina Island, Balboa Pier of Newport Bay, and Pelican Hills Golf Course. This estate was designed by famous local architect Brion Jeannette. One of his master pieces! The architecture features a highly functional floor plan for living and entertaining. Walking into the main entrance, you will be immediately captivated with stunning beautiful ocean blue. From any positions of the great room, chef's kitchen and dining room, you will enjoy breathtaking ocean view. Dinning parties with your friends outside on patio or by pool side, you will be melted in the sky orchestrated sunset.  Two separate staircases connect you to upstairs. The master suite of upstairs has a private balcony and a resort bathroom which has stream shower and jetted spa tub. Another two bed rooms of upstairs have their own balconies as well.  From your own balconies, you will enjoy the ocean view, sunset and city nights.  Escaping to downstairs, you can find gym, media lounge, pool table, sauna, multi-purpose mirror room and two additional bedrooms. One glass elevator at the center of home will take you to three levels with everyday surprised ocean views.  Setting at the top of elevated ridge, this expensive estate lot has pool, spa, basketball court and endless ocean views.

The manager has listed the unit size as 9982 square feet.
Unit Size
9,982Ft²
Days on Market
-
Land Size
19,800.00 acres
Price per sqft
$1,393
Property Type
House
Property Taxes
-
HOA Dues
$68
Year Built
1996

Price History

Date / Event Date Event Price
Mar 10, 2020 No longer available -
No longer available
Sep 22, 2019 Listed $13,900,000
Listed
Aug 23, 2018 No longer available -
No longer available
Aug 6, 2018 Sold to Peng Yu, Xiang Linag $12,337,300
Sold to Peng Yu, Xiang Linag
May 30, 2018 Listed $12,988,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 7
  • Bathroom Count: 10
  • Full Bathrooms: 9
  • Partial Bathrooms: 10
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 854
  • Parking Space Count: 4
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 19,800
  • Total Building Area: 9,982
  • Building Area: 9,982
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 9,982
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT MAP NO 14065
  • Land Acres: 0.455
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 14065 BLK LOT 27

Ownership

  • Current Owner : YU PENG
  • Current Owner 2: LINAG XIANG
  • Previous Owner : FAN FAMILY FOUNDATION
  • Owner Before Previous Owner: THE IRVINE COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062643

Geography

  • Subdivision Tract Number: 14065
  • Parcel: 473-061-15
  • Lot: 27
  • Latitude: 33.6009
  • Longitude: -117.853

    Address

  • Full Address: 7 Rim Rdg
  • Address - House Number: 7
  • Address - Street Name: Rim
  • Address - Suffix Type: Rdg
  • State: CA
  • City Name: Newport Coast
  • Carrier Code: C097
  • 4-Digit Zip Code: 1715
  • Zip Code: 92657

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $141,756
  • Tax Rate Code Area: 07-144

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 6,181,607
  • High Value: 7,572,862
  • Low Value: 4,790,351

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: STERLING BANK & TRUST FSB
  • First Open Lien Mortgage Recording Date: Aug 06, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2048

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,228,828
  • Assessed Land Value: $9,616,770
  • Assessed Improvements Value: $3,612,058

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Aug 06, 2018
  • Current Sale Transaction ID: 11490364256
  • Current Sale Price: $12,337,273
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018000287020
  • Previous Sale Recording Date: Nov 30, 1995
  • Previous Sale Contract Date: Nov 30, 1995
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: STERLING BANK & TRUST FSB
  • First Mortgage Transaction Date: Aug 06, 2018
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
8.5 Baths
8,998 ft²
$1,665/ft²
$14,980,000 Aug 2, 2022
-
$1,126/mo

About Newport Coast


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Frequently Asked Questions

When was property at 7 Rim Ridge built and last sold?
The property at 7 Rim Ridge was built in 1996 and last sold on Jul 20, 2018 for $12,337,273.
How much is this home worth?
The estimated value of the home located at 7 Rim Ridge is $13,935,389.
What are some comparable homes to 7 Rim Ridge?
There are currently no comparable homes to 7 Rim Ridge.

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