Arrigo Presson Group sells 33 Canyon Terrace, a stunning nearly one-acre estate located in Newport Coast’s exclusive gated community of Pelican Hill, for $7,350,000. In this all-cash, seven-day escrow transaction, Janice Arrigo and Patty Presson represented both the seller—an esteemed charitable Orange County foundation that the duo has represented in multiple transactions—as well as the buyer, a family who is planning a significant refurbishment and reimagining of the property. After receiving multiple offers on the home, Arrigo and Presson urged the seller to wait ten days before accepting an offer. When the first buyer did not perform, the team was able to bring in their own buyer and reopen escrow within 24 hours. The sale then closed within the following seven days, producing a favorable outcome for the buyer and saving the seller a significant time on the market.
33 Canyon Terrace graces one of the largest lots in Pelican Hill, offering almost an acre of premier real estate within the prestigious gated enclave. The residence was in the preliminary planning stages of a dramatic rebuilding and restoration that was paused, and now provides the new buyers a perfect canvas to reimagine the estate to their high standards and style. The property footprint provides grand living and entertaining space with views of the dramatic, lush hillsides and sunsets from every vantage point. Resort-like grounds spacious enough to host large parties feature an oversized pool and cabana along with a private putting green and four-plus car garage. Privacy abounds at this estate, but it is still conveniently close to Crystal Cove beaches, world-class shopping and dining, top-notch schools, and transportation.
The Arrigo Presson Group offers 40-plus years of expertise and delivers exceptional on-demand real estate advice and transactional services to their clients 24/7. Having sold more than 500 homes in Orange County, Janice Arrigo and Patty Presson have developed a thorough knowledge of the nuances and unique qualities each neighborhood has to offer. Their industry achievements include Chairman’s Circle, Orange County Builders Association – Sales Team of the Year, and a nomination for the Orange County Business Journal’s Women in Business Award, an accolade granted to only a select few businesswomen per year.
