One of Orange County\u2019s first luxury home sales of the year closed in Crystal Cove for $31.5 million or $2,070 per square foot, underscoring continued demand for high-end trophy properties despite broader market uncertainty.<\/p>\n
The palatial estate at 26 Deep Sea is located within the guard-gated Crystal Cove neighborhood in Newport Coast.<\/p>\n
The seven-bedroom, 10-bathroom home with a 15-car garage spans more than 15,200 square feet and sits on a nearly 26,300-square-foot lot.<\/p>\n
Built in 2009, the property features an infinity pool and 178 feet of ocean frontage. The property was originally listed for $39 million in April 2024, according to Redfin.<\/p>\n
Rex McCown and Marcy Weinstein of Compass Real Estate represented the seller. Tim Smith of Coldwell Banker Realty represented the buyer, whose identity was not publicly disclosed.<\/p>\n
The Crystal Cove neighborhood is known for its gated security, proximity to Crystal Cove State Park and ocean-view properties. With HOA fees hovering around $1,400 a month, it is among the most exclusive enclaves in Orange County.<\/p>\n
Views from many of the properties extend from Newport Harbor to the Palos Verdes Peninsula, with Catalina Island visible on clear days.<\/p>\n
The seven-bedroom estate at 26 Deep Sea emphasizes indoor-outdoor living.<\/p>\n
The main level features a central open-air courtyard with a fireplace, formal living and dining rooms with imported Italian marble fireplace mantels, and a chef\u2019s kitchen that opens to a great room through retractable pocket doors facing the ocean.<\/p>\n
A primary suite on the main level includes a fireplace, refreshment bar and spa-style bathroom, along with a private spiral staircase leading to a gym. Upstairs are three oversized ocean-view bedroom suites with private decks, as well as a media lounge and viewing tower.<\/p>\n
OC\u2019s Luxury Market<\/p>\n
The sale comes as luxury home sales in Orange County slowed in 2025 amid fluctuating interest rates and economic uncertainty.<\/p>\n
Sales fell 7% in December from November, and now sits at 105, its lowest level since the start of January 2025, said Steven Thomas, an economist and founder of Reports on Housing.<\/p>\n
Luxury homes are sitting longer.<\/p>\n
\u201cFor homes priced above $6 million, the expected market time increased from 283 to 365 days,\u201d Thomas said in his monthly newsletter.<\/p>\n
However, high-net-worth buyers have continued to pursue trophy properties in supply-constrained communities such as Crystal Cove.<\/p>\n
In the past four months, four homes in the Newport Beach area have sold for more than $20 million, including 18 Swimmers Point in Newport Coast for $38 million in October, 2200 Pacific Drive in Corona Del Mar for $20 million in November, and 18 Channel View in Crystal Cove in Newport Coast for $20 million in January, according to Redfin.<\/p>\n","protected":false},"excerpt":{"rendered":"One of Orange County\u2019s first luxury home sales of the year closed in Crystal Cove for $31.5 million…\n","protected":false},"author":2,"featured_media":150319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[163,165,164],"class_list":["post-150318","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anaheim","tag-anaheim","tag-anaheim-headlines","tag-anaheim-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/150318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=150318"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/150318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/150319"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=150318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=150318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=150318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}