A $125 Million Listing in Crystal Cove: What It Tells Us About Newport Coast

The most talked-about home in Orange County this week sits behind the gates of Crystal Cove. The estate at 15 Del Mar in Newport Coast is coming to market at $125 million, according to the Orange County Business Journal.

The seller is Anthony Hsieh, founder and CEO of Irvine-based loanDepot. The listing is held by Rex McKown and Marcy Weinstein of Compass, and shows as coming soon with an active date of December 1.

The home by the numbers

• Asking price: $125 million
• Size: about 18,700 square feet
• Bedrooms and baths: 6 bedrooms, 12 baths
• Lot: two parcels, nearly an acre
• Community: Crystal Cove, guard-gated, Newport Coast

At the asking price, that works out to roughly $6,700 per square foot. See the full listing details for 15 Del Mar here.

A home with a record already attached

This is not the first time 15 Del Mar has made headlines. When it last sold in 2020, it set the record for the highest-priced home sale in Orange County.

That record has been passed since. A $70 million sale at Abalone Point in Laguna Beach came first, and a $110 million sale in Emerald Bay now holds the county title. A sale near the asking price would put 15 Del Mar back on top.

An asking price is not a sale price, and homes at this level often take time to find their buyer. Still, the number says a lot about where sellers believe the top of this market sits.

Why Crystal Cove keeps producing these numbers

Crystal Cove has about 700 homes, and there is very little room to add more. The community offers what the highest-end buyers ask for most:

• Guard-gated privacy
• Newer custom estates on larger lots
• Ocean, Catalina and coastline views
• Minutes to Pelican Hill, Crystal Cove State Park and Fashion Island

When supply is fixed and the buyer pool is global, the best properties set their own price range.

What this means if you own a home on the coast

Most of us are not selling a $125 million estate. But listings like this one matter to every homeowner nearby.

1. They bring attention. National coverage puts Newport Coast in front of buyers across the country and overseas.
2. They raise the ceiling. Each new high-water mark changes how buyers think about value in the communities around it.
3. They reward preparation. At every price point, the homes that sell best are priced with care and presented beautifully.

Curious what your home is worth today?

The Gomez | Align Group at Douglas Elliman is based in Newport Beach and serves homeowners across coastal Orange County. Call or text 949-731-4173 for a private pricing analysis built from recent local sales.

15 Del Mar is listed by Rex McKown and Marcy Weinstein of Compass. The Gomez | Align Group is not the listing broker. Details are from published reports and are believed accurate but not guaranteed. Image is illustrative.