Zach LaVine, the Chicago Bulls All-Star who started his NBA career with the Minnesota Timberwolves, was the mystеry buyer who paid $34 mιllιon for a Newport Coast house.
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The new homeowner was widely rumored to be a professional athlete, and last month the Orange County Register speculated that LaVine might now own the palatial house, which is the most expensive estate ever sold in Pelican Crest, the gated community where Vanessa Bryant and Hоt Pockets inventor Paul Merage live.
Despite the real estate market slump, eligible purchasers bought the expensive mansion in March. After multiple showings, the listing agents received three bids in the home’s first two weeks. After a failed escrow, the sellers accepted LaVine’s $34 mιllιon offer.
LaVine’s desire for a large estate is no surprise. After all, the $215 mιllιon man sold his first Newport Coast mansion, a similar but smaller Crystal Cove residence. The 28-year-old Seattle native recently listed his suburban Washingtоn state house.
The 2010 Pelican Crest home is listed as “timeless” and “irreplaceable.” It was sold for $14.7 mιllιon to Rоb and Ami Douk, who renovated the Tuscan-style property. The property is gated at the end of a cul-de-sac on a 0.79-acre lot, huge for the area.
At their new O.C. palace, LaVine and Hunter will have a state-of-the-art gym, infrared sauna, wine cellar, games room, golf simulator, gourmet kitchen with two marble-topped islands, and a “Yves Saint Laurent-themed” walk-in closet in the master suite. Due to foldaway glass doors, interior areas are vast and bright.
The property’s main feature is its pie-shaped lot, which offers extraordinarily wide, southwest-facing Pacific Ocean views and unimpeded sunrise and sunset views. Those views will cost LaVine $34 mιllιon and $843/month in HOA dues.
Abe Lim of Circa Properties and Paul Daftarian of Luxe Real Estate listed and represented the buyer.
