Buying a home near the Pelican Hill Resort of Newport Coast is among some of the most expensive homes you will find in coastal Orange County, California. These are very large scale homes located in 24 hour gated communities with plush Mediterranean style homes that often overlook the sea. There are many owners that prefer to custom build there own parcel of land which is very common in the neighboring Crystal Cove area of Newport Coast with more vacant lots available there. However, there are still a few select lots that are still on the market for sale that can be found in neighborhoods like Pelican Crest where homes start at just under $7.5 million dollars for a 5 five bedroom home with over 6,800 square feet of living space. The average price of homes located here will range between $8 to $13 million dollars with some of the most expensive homes currently priced close to $20 million dollars.
The alternative to buying a home that's currently on the market is to buy a parcel of land and build a custom home with the specs and amenities that you specifically want in a home. A perfect example of this are two parcels of land that are currently on the market for sale in the Pelican Crest community. The two lots located at 11 & 15 Pelican Crest Drive are both on the market for $10,500,000. They are being advertised by their real estate broker as offering a front row location. One of the advantages of these two lots is that they are continuous lots that can be purchased jointly. We highly recommend if you are considering buying a home in Newport Beach and surrounding areas is to check with the local city planning department to see what can be built and any specific requirements that will be necessary to build a home in that location. We also highly recommend working with a skilled local architect that has experience dealing the the city planning department to help with the approval and building process. For more information on current land for sale in the greater Newport Beach area please contact our local real estate agents at 949-444-1901 today.