A Newport Coast home that sold for $27 million has set a Crystal Cove record as the priciest per square foot.
Based on the sale price, the value of the 6,271-square-foot Spanish-style mansion with four bedrooms and eight bathrooms was $4,306 per square foot.
The deal bested the 18,717-square-foot Crystal Cove estate that LoanDepot CEO Anthony Hsieh bought in October 2020 for $61 million at $3,259 per square foot.
According to the listing, the new record holder was built in 2016 on nearly a half-acre lush hilltop in the 24-hour guard-gated neighborhood. The house fronts a saltwater pool and spa with coastal views.
Records show it previously sold for $25 million in June 2022. This past July, the sellers put the home on the market for $29.995 million. It sold for 10% below the asking price on Sept. 7.
The house has an interior entry courtyard with a custom wall fountain that connects to the formal foyer.
Slide-away glass walls in the great room open to the courtyard on one side and an oceanview loggia on the other.
There are two indoor kitchens, with the main boasting custom wooden cabinets, polished stone countertops, an oversized island and a walk-in pantry. The other kitchen is in a second-level, apartment-style suite.
Other highlights include a formal dining room with a cross-vaulted ceiling, an office and a main-level primary suite. It opens to the backyard and features a fireplace, a walk-in closet and a bathroom with a freestanding tub.
Outside, a fireplace warms the outdoor living room. There’s a fire pit seating area and a built-in barbecue area with bar seating.
A four-car garage adds to the offerings.
Tim Smith of The Smith Group at Coldwell Banker Realty held the listing. Jenny Tsao of Rowland Heights-based Ameriway Realty represented the buyer, who purchased the property through an LLC with an address in Diamond Bar.
