Novelist Dean Koontz Sells Newport Coast Mansion For $50 Million, An Area Record

Horror novelist Dean Koontz now has his name in a different book than he was used to: the one in which property prices Newport Coast, California are kept. It was after he and his wife Gerda Ann sold their vast 30,000 square foot home in the area for exactly $ 50 million, a record for the area.

The Koontzes designed the grand mansion themselves in the early 2000s, and it has never been publicly offered for sale, which is why the visual materials on the property are limited. But eagle-eyed journalists have spotted features such as two winding entrances, a huge partially underground garage, rooftop guest parking (!), And many trees, formal gardens and two infinity pools at outside.

David Livingston / Getty Images

As mentioned earlier, the $ 50 million sale is a record for the Newport Coast community, but depending on how you calculate the numbers, it’s also a record for the whole of Orange County. Indeed, as the Orange County Register reports, this comes just behind the $ 55 million that billionaire Larry Van Tuyl paid for his Corona Del Mar complex in 2018, but since this purchase was technically for two separate adjacent lots, you could say that the $ 50 million represents the most ever paid for a single residential package in Orange County.

The old Koontz mansion is now owned by another familiar face: the businessman Glenn Stearns, which you may remember as the star of the reality series Billionaire Undercover although he is not technically a billionaire. But in addition to owning the most expensive residence in Newport Coast (and arguably all of Orange County as well), it would also be the largest property in the exclusive gated community of Pelican Hill, where this mansion is located.

As for the Koontzes, the sale came as they recently bought not one but two properties in the closed community of Shady Canyon in Irvine: one for $ 11.5 million last year and another for $ 10.5 million. dollars just before finalizing this sale.

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