Gigantic Leap Forward in Luxury Newport Coast As First Team Real Estate Christie's International Announces $13.25 Million Sale That Shatters 2005 Record

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Recent Sale of Custom Pelican Crest Estate by Orange County's Most Trusted Broker Shatters Price Record by Over 10% for Highest Price Per Square Foot In Newport Coast and Crystal Cove

Estate in Pelican Crest sold for $13.25 million by First Team Estates - Christie's International shattering price record set in 2006

'Pelican Crest estates form a pinnacle of global luxury real estate and the agent Dean Lueck and the entire First Team - Christie's International organization worked hard to identify the best opportunities for this estate,' explained Chris Pollinger

With views that stretch over 270 degrees from a promontory over the Pelican Hill Country Club, the estate at 10 Channel Vista in Newport Coast has always been seen as an exquisite property. The estate's record breaking sale at the end of last month for $13.25 million has confirmed just how truly valued the exclusive property is.

"The price achieved by this property is record breaking," stated Chris Polinger, Senior Vice President of Sales, First Team Real Estate Christie's International. "Simply put, at $1,380 per square foot, this estate broke the previous record, set in 2005 for Newport Coast and Crystal Cove by over 10%."

The all cash private party buyer will be picking up an all custom .42 acre estate, with a three level home with 9,632 square feet. The home was designed to completely accommodate the excitement of daily coastal life while providing incredible showcases for art and the incredible landscape. Featuring an elevator that connects to the subterranean garage and nanny suite, the estate was featured multiple times on international media.

"Pelican Crest estates form a pinnacle of global luxury real estate and the agent Dean Lueck and the entire First Team Real Estate Christie's International organization worked hard to identify the best opportunities for this estate," explained Chris Pollinger. "Often that means speaking to an international audience, and our decades of experience in selling Orange County coastal luxury living is always a great resource."

Setting a new mark in valuation at $1,380 per square foot, over 10% higher than the previous mark of $1,250 for Newport Coast and Crystal Cove, First Team Real Estate Christie's International utilized a number of its unique strengths as Orange County's largest and most trusted luxury real estate broker.

"Newport Coast attracts buyers from across the US and globally regularly," said Debbie Lewandowski, Manager, First Team Real Estate Christie's International Newport Beach Office. "During the sales process, we hosted brokerages from across the US at the home, including several media opportunities, because this estate deserved international recognition. It is gratifying to see that focus pay off in a historic jump in the market."

For more information on the property and the listing by First Team Real Estate Christie's International, please go to: http://www.firstteam.com/ca/newport-coast/10-channel-vista/5190858/?seobrl=newport-coast.

ABOUT FIRST TEAM REAL ESTATE CHRISTIE'S INTERNATIONAL
First Team Real Estate Christie's International specializes in selling Orange County's most unique and exclusive properties. As part of the luxury division of Southern California's most trusted real estate company, First Team Real Estate, First Team Real Estate Christie's International has been recognized for its unparalleled level of service for estate buyers and international buyers in major media in Asia and the United States. In 2011, 2012, 2013, and 2014 First Team Real Estate Christie's International brokerage was recognized as part of the Best Real Estate Company by the annual Orange County Register survey of 100,000 Southern California households. We can be reached at (888) 236-1943 or at firstteam.com.

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JEFF GIBSON
First Team Real Estate
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