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14 Channel Vista
Newport Coast, CA 92657
$31,950,000
Conventional
Property
Bedroom
7
Bathroom
12
Property Type
Conventional
Square ft
14196
Property Description
Situated on a prized front-row lot, this Pelican Crest showpiece estate was newly refreshed in 2023 and enjoys unobstructed views of the Pacific Ocean, Catalina Island, Newport Harbor, Pelican Hill Golf Course, spectacular sunsets, and twinkling evening lights. Bespoke transitional interiors of nearly 14,200 square feet provide unsurpassed comfort and hosts seven bedrooms and twelve baths. Authentically detailed architecture, romantic archways, columns, domes, and Palladian windows work in tandem to create first impressions that will last a lifetime. A phenomenal entry with custom glass and iron door sets the scene and introduces airy galleries, a library, formal living room, and lavish guest suite complete with a private sitting room. Awaiting at the heart of the home is a two-story oval foyer which reveals a dramatic staircase, formal dining room for both grand-scale and intimate entertaining, and a spacious great room with six sets of French doors that open onto a fireplace-warmed loggia. Grandeur is elevated to lofty new heights with custom lighting, multiple interior and exterior staircases, impressive fireplaces, and one-of-a-kind flooring. Catering to professional and amateur chef’s alike, the gourmet-inspired kitchen complements timeless style with a butler’s pantry, center island, and a breakfast area. From romantic evenings at home and impromptu gatherings to formal affairs that are destined for the social pages, the generous floorplan offers three service bars and accommodates every occasion with style and sophistication. An elevator serves all four levels, including a basement with an eight-car garage, game room, gym, sauna, and steam shower. Take the stairs or elevator down to the sub-basement where a 34' indoor swimming pool is destined to be a favorite place for all who visit. Captivating ocean vistas embellish the owner's suite, where a large view terrace, sitting area, fireplace, dual walk-in closets, separate vanities, and a glamorous soaking tub fulfill the residence's promise of delivering uncompromising luxury. Lushly landscaped grounds recall the beauty of an exclusive Mediterranean resort, where graceful palms, broad lawns, and sunny patios are joined by a sublime ocean-view swimming pool and spa. Set just moments from championship golf courses, five-star resorts, high-end retail, and upscale dining, 14 Channel Vista represents a truly rare offering. Contact Rob Smith at (949)697-8855 or [email protected] to schedule a private tour.
Property Information
Lot Size
21,945 sqft square ft
Property Type
Residential
Year Built
2001
MLS Number
NP23165743
Location
Address
14 Channel Vista
City
Newport Coast
State
CA
Zip Code
92657
County
ORANGE (SOUTH)
Listing
Provider
Name
Compass
Phone
(949) 438-4340
Office Name
Compass
Office Phone
(949) 438-4340
Agent Name
Rob Smith

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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.

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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.