
Newport Coast, California 92657
This Extraordinary Legacy Estate in Pelican Crest is a Turnkey Modern Sanctuary, listed at $38,750,000, which aligns with its $37,026,854 Fair Market Value. Featuring a Mint Condition Rating, this 11,041 sqft residence offers unparalleled luxury, including a Bulthaup kitchen, cinematic theater, and panoramic ocean views. Situated within the Newport Mesa Unified School District with access to top-rated schools, this property provides a sophisticated lifestyle for the discerning buyer. It is an ideal acquisition for Ultra-High-Net-Worth Individuals or Luxury Homeowners seeking a premier coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9 Sailcrest Subject 6 bd · 11 ba · 11,041 sqft · $3,510 | $38,750,000* List Price | 6 | 11 | 11,041 | $3,510 | - |
A 7 Sailview Active 7 bd · 10 ba · 10,700 sqft · $4,205 · 0.4 mi | $44,998,000 List Price | 7 | 10 | 10,700 | $4,205 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2001, the property has undergone a recent, comprehensive 'no expense spared' transformation that rivals new construction. It features a high-end Bulthaup kitchen, modern Taj Mahal quartzite finishes, and state-of-the-art home automation and security systems, placing it in mint, turnkey condition.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a coveted front-row, unobstructed parcel in Pelican Crest, the estate offers unparalleled panoramic views of the Pacific Ocean, Catalina Island, and Newport Harbor.
The residence has undergone a comprehensive, no-expense-spared transformation, blending hospital-grade seismic construction with contemporary designer finishes and state-of-the-art home automation.
With an 11,041 square foot residence occupying a 16,895 square foot lot, the outdoor yard space may feel relatively constrained compared to other estates in this price bracket.
The $38.75 million price point and substantial carrying costs, including high association fees, significantly limit the potential buyer pool to a very specific ultra-high-net-worth demographic.
One of the finest turnkey estates ever offered in Pelican Crest, this extraordinary legacy residence occupies a premier front row, unobstructed ocean view parcel with sweeping vistas of the Pacific Ocean, Catalina Island, the white water coastline, Newport Harbor and sparkling city lights. Originally crafted by renowned builder Mark Falcone and engineered to exacting structural standards, including hospital grade seismic construction, the 11,041 sqft residence has recently undergone a comprehensive, no expense spared transformation that rivals new construction, creating a rare turnkey offering within Newport Coast’s most coveted guard gated enclave. A masterful expression of timeless architecture and contemporary refinement, virtually every interior and exterior surface has been thoughtfully reimagined through an uncompromising vision, resulting in a residence that lives and presents as virtually new while preserving the integrity of its exceptional original construction. Every major element has been meticulously redesigned through a sophisticated transitional aesthetic, where luminous interiors are elevated by an elegant neutral palette, dramatic Taj Mahal quartzite, complementary natural stone selections, bespoke designer lighting, advanced state of the art home automation, a premium security and alarm system, reimagined landscaping, meticulously refinished solid mahogany flooring with a rich satin finish, expertly restored polished stone flooring that appears new, and exceptional designer finishes throughout. Walls of glass dissolve the boundary between indoors and out, revealing resort caliber grounds with a pool, spa, tranquil water features, covered loggias and multiple outdoor living spaces designed for intimate gatherings and grand scale entertaining. The comprehensive renovation seamlessly blends timeless architecture with modern luxury, incorporating significant upgrades to deliver an exceptional turnkey living experience. The residence offers 6 luxurious bedroom suites, 11 baths, a Bulthaup kitchen, two executive offices, cinematic theater, wine cellar and tasting room with dramatic pool view windows, billiards lounge, bar, fitness studio, commercial elevator servicing all three levels, and an expansive subterranean garage. An exceptional estate where architectural significance, uncompromising craftsmanship, an extraordinary transformation and one of Southern California’s most coveted coastal settings converge.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.6 mi
Grades K-5 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.5 |
| Baths | 11.0 | 5.6 |
| Square foot | 11,041 | 5,039.615 |
| Lot Size | 16,895 | 12,368.808 |
| Price | $38.75M | $8.36M |
| Price per sq ft | $3.5K | $1.8K |
| Built year | 2001 | 2001 |
| HOA | $1025.0 | $653 |
| Days on market | 96 | 83 |
Jul 21, 2026
$38,750,000
Initial Listing