An international buyer living in Southern California has paid $20.8 million in cash for this Newport Coast estate with six bedrooms and 10 bathrooms. It sits on nearly a half-acre lot with a swimming pool, barbecue island with seating and a fire pit against a backdrop of ocean, Catalina Island and Newport Harbor views. (Courtesy of Jacqueline Thompson of Surterre Properties) A three-story Newport Coast mansion with one of coastal Orange County’s few car lifts sold to “an international buyer who was living in Southern California” for $20.8 million in an all-cash deal last month.
So reads a release from listing agent Jacqueline Thompson of Surterre Properties. The backyard features lounging and dining areas. (Courtesy of Jacqueline Thompson of Surterre Properties) County records confirm an LLC conceals the buyer’s name. The records show KYM I LLC, registered in Nevada and managed from a Southern California address in Chino, bought the property on June 22, more than 8% below the original $22.7 million ask.
The figure currently makes it Crystal Cove’s second-priciest home sale this year since developer Carl Panattoni sold a Mediterranean-style estate in March to Newport Coast Sunshine LLC for $41 million , records also show.
Perched on a nearly half-acre lot, the Santa Barbara-style estate dating to 2012 has six bedrooms, 10 bathrooms and 12,507 square feet of space designed to accommodate indoor-outdoor living.
The master suite features two bathrooms with large dressing rooms and an outdoor terrace with a fireplace.
There’s a wood-paneled library, combined living and dining room and eat-in kitchen with island seating and a breakfast nook.
Other features include a home theater, fitness room, sports bar.
A glass wall separates the wine cellar from the tasting room.
The backyard features a pool with spa, a fire pit, a barbecue grill island with bar seating, and lounging and dining areas against a backdrop of unobstructed ocean, Catalina Island and Newport Harbor views.
Fang Yin of Pinnacle Real Estate Group represented the buyer.
The home last sold in 2013 for $11.5 million.
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