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Corona del Mar sees priciest home sale in years with $21.25-million deal

The three-story mansion takes in ocean views in every room and expands to a rooftop deck.
(Coldwell Banker Realty)

In the Newport Beach neighborhood of Corona del Mar, a modern mansion just sold for $21.25 million, making it one of the highest-priced residential sales in the coastal community to date.

The eight-figure transaction is the area’s most expensive since a 7,000-square-foot home sold last year for $20 million. The current record still belongs to a bluff-top compound with two homes and 3.5 acres that traded hands in 2017 in an off-market deal for $55 million.

Built over three-plus years, the corner-lot property spans three stories with ocean views in every room. Above it all, a rooftop deck overlooks the water.

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A bold black-and-white exterior gives way to whitewashed living spaces with curving lines, walls of glass and see-through floor panels. At the center of the 9,600-square-foot floor plan, there’s a sweeping sculptural staircase topped by a rotunda skylight.

Other highlights include a marble kitchen, indoor-outdoor dining area, glass-lined great room and basement with a billiards room, gym, wine cellar and theater.

Elsewhere are six bedrooms and 10 bathrooms, including a primary suite with a wall of glass that expands to an ocean-view deck. In addition to the staircase, an Italian-made elevator connects the floors.

Tim Smith of Coldwell Banker Realty handled both ends of the deal.

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According to the Multiple Listing Service, the property first surfaced for sale in 2018 for $26 million and was most recently offered in June for $23.5 million.


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