The home’s large stainless-steel door opens into the main living area. (Photo by Jon Encarnacion)
A large center island anchors the modern kitchen, which opens directly to the main living and dining spaces. (Photo by Jon Encarnacion)
The private office. (Photo by Jon Encarnacion)
Starphire ultra-clear glass floor panels flank a central stainless-steel staircase to allow natural light to filter down to the lower levels. (Photo by Jon Encarnacion)
A floor-to-ceiling marbled fireplace serves as the focal point of the primary bedroom. (Photo by Jon Encarnacion)
The primary bedroom opens to a private balcony with ocean views. (Photo by Jon Encarnacion)
A spacious primary bathroom with custom finishes sits adjacent to a walk-in closet. (Photo by Jon Encarnacion)
The rooftop terrace. (Photo by Jon Encarnacion)
The subterranean entertainment spaces include a game area and media room. (Photo by Jon Encarnacion)
The spa-inspired fitness area. (Photo by Jon Encarnacion)
The wine room. (Photo by Jon Encarnacion)
The exterior view of the contemporary Corona del Mar home, currently listed for nearly $40 million. (Photo by Jon Encarnacion)
A contemporary Corona del Mar home sold during the pandemic buying boom is back on the luxury market, asking nearly $40 million.
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Designed by Newport Beach architect Chris Light and completed on a corner lot in 2019, the 10,439-square-foot residence spans three levels with six bedrooms and 11 bathrooms. A rooftop terrace with an outdoor kitchen offers 270-degree views.
Records show 2928 Ocean Blvd LLC, a Florida entity formed in August 2020 just weeks ahead of the transaction, closed on the home for $21.25 million that September.
The 2020 transaction caught the early wave of a historic pandemic-era real estate surge. As lockdowns forced people indoors, demand skyrocketed due to dropping mortgage rates and climbing equity markets.
Local housing experts told the Southern California News Group at the time that being stuck at home forced luxury buyers to redefine how and where they wanted to live, shining a new light on what had previously been considered an undervalued Orange County coastal market.
“When our client purchased this, it was the most expensive sale on that side of Ocean Boulevard,” said Aideen Makky of Luxe Real Estate, who shares the listing with the Daftarian Group’s co-founder and managing director Paul Daftarian. “Since then, (another home on Ocean Boulevard) went under contract, with the last asking price of $51.98 million, and we heard it’s going to close near that price.”
Makky didn’t disclose the owner’s name, but public business records list South Florida real estate investor Sam Herzberg as its manager, using the Miami Beach headquarters of Sterling Building Management LLC as the entity’s registration address.
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A large stainless-steel entry door features a grid of glass panels that sets the interior aglow.
Beyond it, the entry level opens to a modern kitchen with a large center island, and the main living and dining spaces. A private office and guest accommodations add to the level.
The primary suite is upstairs under a vaulted ceiling. A floor-to-ceiling marbled fireplace anchors the bedroom, while the suite includes two bathrooms, custom closets and a balcony with ocean views.
Three more ensuite bedrooms share the second floor.
Starphire ultra-clear glass floor panels flank the central stainless-steel staircase to allow nature light to filter down to the lower levels.
At the subterranean level, the house serves up entertainment and wellness in the form of a media room, wine room, game room and spa-inspired fitness area.
The property is in the Corona del Mar Village, near restaurants, cafes, boutiques and beaches.
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