Information You MUST be pre-qualified before buying a Home.
Get pre-qualified by filling out our easy, 3 step form!
5 Pelican Vista Drive
Newport Coast, CA 92657
$26,995,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
8176
Property Description
Ever-changing by day and night, the phenomenal panoramic views of 'Villa Saffron' are in a league of their own. They are experienced from both levels of the St. Tropez-inspired villa at guard-gated Pelican Crest in Newport Coast. The immersive vistas stretch across lush fairways, a canyon, the azure waters of the Pacific Ocean, Newport Harbor, San Clemente and Santa Catalina Island. Enchanting city lights reach as far as Palos Verdes. The terraced grounds tower 604 feet above sea level. They command front-row views that complement a backyard with upper and lower patios, four lawn areas, loggias, custom fireplace/wood-burning pizza oven. The outdoor kitchen features a built-in 48" Lynx BBQ. Located close to the end of a private cul-de-sac, the villa showcases exquisite landscaping, a walled and gated front yard with a limestone colonnade pool, and a large, fireplace-warmed atrium. Spanning nearly 26,092 SF, the estate’s sumptuous homesite by EBTA architects, built by PrideMark, compliments an opulent interior that extends approximately 8,176 SF. It features four en suite bedrooms (one on entry currently used as an office), four full baths, and two half baths. An inviting foyer and grand staircase provides an elegant introduction to living areas including a media room, sunny office with enchanting views, a circular formal dining room surrounded by columns, and a spacious great room with an ornate hand-carved limestone fireplace. The chef’s kitchen boasts an oversized island, ocean-view breakfast room, butler’s pantry, two sinks, stone countertops, custom cabinetry, built-in side by side Sub-Zero refrigerator/freezer, steam oven, six-burner Wolf range, and double ovens. Note worthy materials include stone imported from France and Italy, antique French pavers, French white oak flooring, along with custom-made steel windows and French doors. All rooms except the media room offer access to an outdoor patio, terrace, loggia, or Juliet balcony, with the ocean-view primary suite boasting two decks, pocket doors at its entrance, a sitting room, two walk-in closets with custom built-ins, retractable sun shade, and luxe bath featuring a soaking tub and separate shower. Additional highlights include a 350+ bottle temperature-controlled wine cellar, wet bar, EV charging, full house water filtration and soft water by Water Techniques, Sonos sound system, Lutron lighting, as well as the option to build an ADU on the terraced lot with a spectacular view.
Property Information
Lot Size
26,092 sqft square ft
Property Type
Residential
Year Built
2005
MLS Number
NP24014868
Location
Address
5 Pelican Vista Drive
City
Newport Coast
State
CA
Zip Code
92657
County
ORANGE (SOUTH)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(949) 644-1600
Agent Name
Tim Smith

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.