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$11,356,294Estimated home value

Beds
6
Baths
8.0
sq ft
13,260

20101 SW Cypress St, Newport Beach, CA 92660

20101 SW Cypress St

Newport Beach, CA 92660

  • Off market
This state-of-the-art retreat boasts impeccable craftsmanship and design on more than a half-acre of flat land in the Newport Beach Back Bay. Set behind private gates, this compound-like residence offers more than 16,700 sq. ft. of living space (including a 3,500 sq. ft., 11 car garage), 5 en-suite bedrooms, 10 baths, a soundproof home theater with memory foam carpet, a game room, office, wine cellar, an attached guest house with private entry, a spacious home gym, and much more. No expense was spared in this refined custom estate with premium finishes throughout, including limestone flooring, 12 ft. wood beam ceilings, and palatial corridors. The gourmet kitchen is replete with state-of-the-art appliances, leathered granite kitchen counters, a butler's pantry, and two kitchen islands with scratch and stain-resistant Kedra countertops. The resort-style backyard showcases a pool/spa, outdoor shower, and massive loggia replete with lounge areas, bar, and a 1,500 sq. ft. covered outdoor kitchen featuring a built-in BBQ with a rotisserie grill, warming drawer, oversized glass refrigerator, nugget ice machine, and more. The 1,300 sq. ft. primary suite occupies its own wing, with an office or nursery space, boutique-style walk-in closet, spa bathroom, and fireplace. Conveniently located on the upper level, is a full-sized laundry room with dual washer and dryer units and a dog washing station; a third laundry set is situated in the lower-level butler's pantry. The entire main house is wired to a generator in case of a power outage, a Falsken water filtration system, and is equipped with built-in audio, and extensive video surveillance and monitoring system. This exclusive address is a rare opportunity for those seeking privacy, opulence, and space just minutes away from the best destinations in Newport Beach.

Details

Property type

Single Family Residence

Est. home value

$11,356,294

Lot size

0.61 acres

Price per sq ft

$1,131

Year built

2017

HOA

No

Price History

08/09/2024
CLAW

CLAW #24415605

Removed
$14,995,000
07/15/2024
CLAW

CLAW #24415605

Listed
$14,995,000
+114.21%
10/22/2021
CLAW

CLAW #21765330

Sold
$7,000,000
+409.09%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$9,527,824
Asking price
$14,995,000
Closing costs (~8% of asking)
-$1,199,600
Est. remaining loan balance
-$4,267,576
Cash to seller
$9,527,824

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Republic Bank

Loan start date

October 2021

Original loan amount

$4,550,000

Est. remaining balance

$4,267,576

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jason Oppenheim

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 09/07/2024 at 6:45 PM

Listing updated: 07/23/2024 at 5:23 AM

Listed by: Jason Oppenheim, The Oppenheim Group, Inc. Phone #: (310) 990-6656

MLS: CLAW #24415605

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