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Newport Coast manse’s $31M sale among year’s priciest in Orange County

Founder of landscape lighting firm acquired 15K sf home

9 Del Mar, Newport Coast (Credit: Surterre Properties and iStock)
9 Del Mar, Newport Coast (Credit: Surterre Properties and iStock)

UPDATED, Dec. 28, 1:15 p.m.: 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 at 9 Del Mar in Crystal Cove, according to Yolanda’s Little Black Book.

Bank of America provided the $16.5 million mortgage, according to county records.

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.

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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

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Luxury Real Estate