Sellers of two Newport Coast mansions seek over $60 million each
A Newport Coast mansion may be on track to beat out the not-too-long established all-time price record in that enclave, provided that it doesn’t get beat out by another property first.
The property at 46 Deep Sea is an estimated 12,066 square feet and was listed earlier this summer for an asking price of $62 million.
Inside its three stories are six bedrooms, 10 bathrooms and a fully equipped kitchen, according to the listing. It also boasts a 3,500-square-foot garage with four charging stations. Outdoors, the landscaped property includes a 78-foot infinity pool.
The home falls short in square footage by at least 7,000 square feet compared with the record-setting $61-million mansion sold in Newport Coast in 2020, though the listing notes the lot size is relative to it at 19,627 square feet.
“From its location in a double-gated community, to unobstructed views of the Pacific Ocean and self-sustaining design, 46 Deep Sea is a truly unique offering in Newport Coast,” said Compass listing agent Aaron Kirman in a statement Friday.
“Luxury buyers are looking for a residence that matches their high-end lifestyle in a coveted neighborhood, while remaining secluded and private from the rest of the world,” Kirman said. “In Orange County, these listings are few and far between and don’t stay on the market for long.”
Fellow Compass agent Marcy Weinstein, who holds the listing for another Newport Coast property priced at $69.8 million at 6 Midsummer, noted that Realtors are selling properties at record prices and that there are special buyers for the level of detail included in such estates.
The Midsummer property is an estimated 15,500 square feet and sits on a lot of about 26,600 square feet. Noted in its listing are white Jordanian marble floors and floor-to-ceiling onyx walls.
The property, also known as the Palais de Cristal, is about three stories high and boasts of an office or library with views of the ocean, formal and informal living rooms, en-suite guestrooms, a formal dining room, fully furnished kitchen and a second equipped prep kitchen and outdoor kitchen. Also included is a climate-controlled 3,725 square foot, 10-car garage and a pool.
The listing notes there are seven bedrooms and 13 bathrooms.
Records on the Compass website indicate the property has been listed for close to a year, but Weinstein said it has been on and off the market as some modifications to the house were made. The homeowners had the home custom built for themselves and their children but ultimately decided to sell.
“The quality of what is in there is unduplicable,” said Weinstein.
The average asking price in Newport Coast averages around $4.5 million, according to Redfin.
Looking to broader Orange County, the average cost of a home is around $1 million — up 12.6% compared to last June, even as the number of homes sold declined by 33.1%.
“The Orange County market is currently in a very interesting position. We are seeing more and more new inventory come to market daily, while existing inventory sits on the market much longer than the past 24 months,” Morgan Trent, who is the managing director of Aaron Kirman Group’s Orange County division, said in a statement.
“A true sign of this market change is the amount of price deductions we are seeing on existing inventory,” said Trent.
“While we are still seeing strong sales in Newport Beach in comparison to other less expensive areas in Orange County, sellers’ dream days of overpricing their homes and receiving multiple offers are long gone,” said Trent. “46 Deep Sea is a special property in a very special location.
“Regardless of mortgage rates or other market trends, there will always be a few trophy properties around for that one buyer that wants something that only comes around every decade or so. Deep Sea is that type of property.”
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