9 Del Mar, Newport Coast (Credit: Surterre Properties and iStock)
Multimillion-dollar home sales in Orange County are commonplace, but a $30.5 million deal for a Newport Coast mansion has ranked in the top four this year.
Alan Brynjolfsson, who founded lighting manufacturer and seller Volt Lighting, bought the 15,000-square-foot home in Crystal Cove, according to Yolanda’s Little Black Book.
The seller was businessman Nabeel Gareeb, according to Yolanda. In 2007, he purchased the three-quarter-acre parcel of land for $15 million then built the home.
The home in the gated community includes an infinity pool overlooking the Pacific Ocean, waterfalls, fire pits, and a putting green, according to a listing by Newport Beach luxury real estate firm Surterre Properties.
Rex McKown and Marcy Weinstein of Surterre Properties were the listing agents and Rob
Smith, also of Surterre, represented Brynjolfsson.
The purchase price came in below the asking price of $35 million, but was still significantly
higher than the average Crystal Cove property price $4.9 million, according to Surterre’s website.
This month, Dallas Mavericks owner Mark Cuban purchased an oceanfront Laguna Beach mansion for $19 million.
Eight-figure price tags have also become more common in Los Angeles, where in the first five months of the year, 12 homes sold for a combined $632 million. [Yolanda] — Caroline Anderson
Source: The Real Deal Los Angeles