Dean Koontz Sells Newport Coast Estate for Record $50 Million

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The bestselling horror novelist Dean Koontz and his long-time wife Gerda Ann are in the mood to confuse their real estate portfolio in Orange County, California. Just days before paying $ 10.5 million for a house in Irvine's quaint Shady Canyon condominium, the Wall Street Journal - and property records confirm - reported that the couple were very quiet for their own villa in the lavish Newport Coast neighborhood for accurate Had sold $ 50 million.
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Since the house was designed by the Koontzes and was never offered on the open market, many of its specifications remain a mystery. However, tax documents show that the palatial site was completed in the early 2000s, is on unusually large 2.5 hectares of land in the hills above Newport Beach, and has nearly 30,000 square feet of spacious living space. Aerial photos also show the architecturally vague mega-mansion with two separate driveways, a huge roof car park for guests and employees and a partially underground garage for a dozen or more cars.
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In addition to the house, which apparently was built on an unlimited budget, the entire maze-like property is expensive with formal gardens, mature trees, and sculpted hedges designed for privacy. There are not one, but two infinity pools, both of which presumably offer a wheezy view of the Pacific and the surrounding hills.
The new owner is Glenn Stearns, a businessman based in Jackson Hole, Wyoming, who appeared on the Discovery Channel's reality TV series "Undercover Billionaire". This show prompted Forbes to always point out the fact-checking damp blanket later that Stearns isn't actually a billionaire. (But with an estimated net worth of $ 500 million and a Newport mansion of $ 50 million, he hardly does it.)
As the Orange County Register shows, the $ 50 million sum is the highest ever paid for a home in Newport Coast. And it is also, depending on how you look at it, either the largest or the second largest O.C. Housing business ever colored. As early as 2018, Arizona-based billionaire Larry Van Tuyl paid $ 55 million for a Corona Del Mar facility. However, this sale included two technically separate, but neighboring properties. In contrast, the Koontz-Stearns deal was for a single property.
And Stearns can rest assured that its new home is by far the largest property in the exclusive Pelican Hill-guarded community of Newport Coast. Other home owners include financial hitters like supercar enthusiast Manny Khoshbin, tech multimillionaire Henry Nicholas, video game designer Brian Fargo and Canadian furniture tycoon Bill Comrie.
The Koontzes have now decamped Newport Coast for Shady Canyon, where they own not only the $ 10.5 million mansion mentioned above, but also a second mansion in the same enclave, which sold for $ 11.6 million at the end of last year. Dollar was acquired.
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