A sprawling Newport Coast mansion with sweeping ocean views has sold for nearly $39 million, adding another eye-watering deal to Orange County’s already sizzling luxury-home market. The buyer’s identity remains undisclosed, but the estate’s amenities read like a private resort with a very serious mortgage attached.
The 12,350-square-foot property in Crystal Cove closed Monday for $38.9 million, according to The Real Deal. Michael Fawaz of Compass represented the seller, while Paul Daftarian of the Daftarian Group represented the buyer, whose name was not released.
The home first appeared on the market in January asking $46.5 million before being relisted at $43 million. Fawaz told The Real Deal that more clients are relocating to Newport Coast from Los Angeles and internationally, while inventory in the area remains exceptionally tight.
Inside Crystal Cove’s Double-Lot Estate
Built by PrideMark in 2012, the estate sits on a double lot spanning roughly 1.1 acres and has six bedrooms, 10 bathrooms and a main residence of about 10,500 square feet. The property also includes a detached guest house of nearly 1,900 square feet, according to the home’s Zillow listing.
The amenity list includes an infinity pool, putting green, outdoor fire pit, chef’s kitchen, gym, library and mud room. Expansive ocean views are the main event, with the residence positioned to capture long coastal sightlines from much of the property.
Crystal Cove itself is a guard-gated community with shared access to a clubhouse, pool, hot tub, tennis courts, barbecue areas and trails. Association dues for the enclave run more than $3,000 a month, according to Realtor.com, which is a pretty substantial fee for the privilege of living behind several layers of security gates.
Another Major Deal In Orange County’s Luxury Surge
The sale ranks among Orange County’s priciest residential trades of 2026, though it trails a $48.5 million Corona del Mar mansion sale reported in July. It also lands well below the county’s new high-water mark: a Laguna Beach estate that sold for $110 million in June, setting an Orange County record, according to the Los Angeles Times.
Even outside the trophy-home tier, Newport Beach remains one of the country’s most expensive housing markets. Redfin reported a median Newport Beach sale price of $3.6 million over the three months ending in May, putting the $38.9 million Crystal Cove deal in a category all its own.
