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

Founder of landscape lighting firm acquired 15K sf home

TRD LOS ANGELES /
Dec.December 28, 2018 01:00 PM
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.

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


Related Articles

arrow_forward_ios
Gary Winnick and Casa Encantada. Inset photo dates from 1939 (credit: Winnick & Company, The Huntington Library)

At $225M, Bel Air’s Casa Encantada becomes America’s priciest listing

Sabah Al-Khalid Al-Sabah and the 157-acre Mountain of Beverly Hills (Credit: Wikipedia and iStock)

Kuwaiti royal was defrauded of $160M investment in Mountain of Beverly Hills: lawsuit

The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Stacy Gottula, Fredrik Eklund, and Palazzo di Amore

Eklund-Gomes snags a big fish from The Agency

Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)

Beverly Hills dominates list of top resi sales in LA County last week

Russell Weiner and the Bird Streets home

Russell Weiner wants to flip his newly-bought Bird Streets manse like a Rockstar

The four top listings (Credit: Zillow and Redfin)

Here are the priciest resi listings in LA County last week

Celebrity real estate sales: Ellen DeGeneres, Jonah Hill

This week in celeb real estate: Ellen DeGeneres flips for Santa Barbara and Jonah Hill settles down in Santa Monica…and more

arrow_forward_ios