$50M listing joins top-of-the-market club in OC’s Newport Coast
Mansion under construction sits in a neighborhood on an upward price trend
A mansion in Orange County’s Newport Coast has joined the club of properties listed for $50 million or more in the neighborhood.
19 Del Mar, with an asking price of $50 million, is the third Newport Coast mansion on the list since mid-year. It’s the fourth ultra luxe listing in Newport Coast of $50 million and up currently on the market.
The 15,000-square-foot house is still under construction, according to a spokesman for listing agents Tim Smith and Georgina Jacobson of Coldwell Banker Realty. The home sits in a gated community on a bluff that overlooks Pelican Hill Golf Club and is about a mile away from Crystal Cove State Beach.
The price calculates to about $3,340 per square foot.
Designed by architect Geoff Sumich, interior designer Errol de Jager and built by Ryan Hill of Hill Construction, the house features a home cinema, an indoor swimming pool, a gym and a sauna, as well as architectural touches such as a circular staircase and a waterfall. The listing agents declined to disclose the owner of the property.
19 Del Mar is located down the street from other mansions such as 3 Del Mar, which was placed on the market Aug. 31 for $53 million. It’s a mile away from 28 Tide Watch, which was listed in June for $55 million. Another ultra luxe listing that came on market in February is 46 Deep Sea, which remains active at about $59 million. 19 Del Mar also is located more than a mile from 6 Midsummer, one of the priciest listings in Newport Coast with an initial price of $70 million in June 2021.
Newport Coast asking prices have fluctuated widely in recent months with a general upward trend, according to a review of median MLS prices from January 2023 to mid-October. The monthly median ask ranged from a low of $3.9 million in April to a high of $9.8 million in September. According to a Redfin report, “in September 2023, Newport Coast home prices were up 26.5 percent compared to last year.”
In the wider Orange County market, the median price for a home is $1.2 million, and prices have increased 9 percent between September 2023 and September 2022, according to a report from California Association of Realtors.
While Orange County prices have remained higher than in other parts of California, the area has a few added points to keep prices high, said John Stanaland, a veteran Orange County agent who runs John Stanaland Group at Douglas Elliman.
“It has larger lots, larger homes, it is comparatively newer,” he said of Newport Coast. Many of the enclave’s homes were constructed in the past 20 years, he added.