Newport Coast Home Sells for $30 Million

A Tuscan-style mansion in Newport Coast, complete with an eye-catching pool design, just fetched $30 million.

An unidentified buyer has purchased the 13,206-square-foot manse at 36 Pelican Crest Drive, Mansion Global reported. The half-acre property first hit the market last July with Josh Altman and Matt Altman of Douglas Elliman for just shy of $50 million. It underwent several price cuts before falling to nearly $31.9 million when it went into contract in February. The sale closed last month.

Completed in 2003, the home is part of the Pelican Crest community south of Newport Beach. The estate features high-end touches like a two-level pool, theater room, a lounge with aquarium-like windows to the pool’s lower level, a five-car garage, an elevator and a wine cellar. The property overall has six bedrooms, six bathrooms and three half-bathrooms across the main house along with a private guest house. Views from the estate stretch from Newport Harbor to Catalina Island.

Pelican Crest, and Pelican Crest Drive specifically, is no stranger to big-ticket sales. In May, a mansion down the street at 1 Pelican Crest Drive sold for $42 million, making it the priciest sale in Orange County in 2025. Elsewhere in Pelican Crest, in February 2025, frozen foods billionaire Paul Merage listed his six-bedroom mansion at 9 Sailcrest for $40 million. That 11,000-square-foot home is still on the market for $37.5 million, according to Zillow.

Newport Coast sits within the Newport Beach city limits. In November, Newport Beach residents will get a say in the city’s state-approved housing plan and decide whether to cut the number of new homes planned for construction in the tiny coastal enclave. Last fall, the Newport Beach City Council voted unanimously to put its so-called Responsible Housing Initiative on the ballot, which would reduce the number of required new homes in the city to 2,900 from more than 8,000.

New home construction across Orange County has been on the decline. Home builders in OC saw a 16 percent drop in new homes sold in 2025, inking deals for 1,785 properties across the county, down from 2,133 in 2024, according to the Orange County Business Journal.

— Chris Malone Méndez