The Chicago Bulls All-Star Zach LaVine, who started his NBA career with the Minnesota Timberwolves, is said to be the unidentified buyer who just spent $34 million for a house in Newport Coast, one of Orange County’s most elite neighborhoods. The Orange County Register reported last month that LaVine might now be in possession of the lavish home, the most costly mansion ever sold in the gated neighborhood of Pelican Crest, where Vanessa Bryant and Hot Pockets creator Paul Merage also live.
When the pricey property was first posted in March, suitable buyers apparently flocked to it despite the dip in the real estate market. In the first two weeks of being on the market, the house had multiple showings and three bids, according to the listed agency. After that escrow collapsed, the sellers went to LaVine’s backup offer of $34 million, which was closer to their asking price of $40 million.
Not surprisingly, LaVine is looking for a big new place to live. The $215 million man really just sold his first Newport Coast home, a smaller, more modest mansion in the nearby hamlet of Crystal Cove. The 28-year-old Seattle native also put his suburban Washington state house up for sale recently.
Built in 2010, the 2010 home in Pelican Crest was referred to in its listing as “timeless” and “irreplaceable.” The married pair Rob and Ami Douk paid $14.7 million for the Tuscan-style property two years ago, and they meticulously refurbished it afterward. Situated at the end of a cul-de-sac on a sizable 0.79-acre lot, the property is hidden behind gates.
In their new O.C. palace, LaVine and his spouse Hunter are reportedly going to have access to almost every residential amenity imaginable, including a gourmet kitchen with two marble-topped islands, a state-of-the-art gym, an infrared sauna, a wine cellar, a games room, a golf simulator, and a master suite walk-in closet with a “Yves Saint Laurent-themed.” The interior rooms are luxuriously proportioned and abundantly lit by natural light, as expected from the foldable glass doors.
The pie-shaped site, which provides expansive views of the Pacific Ocean to the southwest and unhindered sunrise and sunset views, is the property’s best feature, though. In addition to the $34 million purchase price, LaVine will have to pay $843 in homeowners association dues each month.
