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One of the finest turnkey estates ever offered in Pelican Crest, this extraordinary legacy residence occupies a premier front row, unobstructed ocean view parcel with sweeping vistas of the Pacific Ocean, Catalina Island, the white water coastline, Newport Harbor and sparkling city lights. Originally crafted by renowned builder Mark Falcone and engineered to exacting structural standards, including hospital grade seismic construction, the 11,041 sqft residence has recently undergone a comprehensive, no expense spared transformation that rivals new construction, creating a rare turnkey offering within Newport Coast’s most coveted guard gated enclave. A masterful expression of timeless architecture and contemporary refinement, virtually every interior and exterior surface has been thoughtfully reimagined through an uncompromising vision, resulting in a residence that lives and presents as virtually new while preserving the integrity of its exceptional original construction. Every major element has been meticulously redesigned through a sophisticated transitional aesthetic, where luminous interiors are elevated by an elegant neutral palette, dramatic Taj Mahal quartzite, complementary natural stone selections, bespoke designer lighting, advanced state of the art home automation, a premium security and alarm system, reimagined landscaping, meticulously refinished solid mahogany flooring with a rich satin finish, expertly restored polished stone flooring that appears new, and exceptional designer finishes throughout. Walls of glass dissolve the boundary between indoors and out, revealing resort caliber grounds with a pool, spa, tranquil water features, covered loggias and multiple outdoor living spaces designed for intimate gatherings and grand scale entertaining. The comprehensive renovation seamlessly blends timeless architecture with modern luxury, incorporating significant upgrades to deliver an exceptional turnkey living experience. The residence offers 6 luxurious bedroom suites, 11 baths, a Bulthaup kitchen, two executive offices, cinematic theater, wine cellar and tasting room with dramatic pool view windows, billiards lounge, bar, fitness studio, commercial elevator servicing all three levels, and an expansive subterranean garage. An exceptional estate where architectural significance, uncompromising craftsmanship, an extraordinary transformation and one of Southern California’s most coveted coastal settings converge.
Listing agent: Rex McKown DRE #01275953 rex@mwaluxury.com, Listing office: Compass
MLS data updated 10/16/2026, 10:20:57 PM PT
Source: CRMLS, MLS #: NP26159036
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 20, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$38,750,000Original asking price · Jul 20, 2026ZIP 92657 · Jul 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.