$3,595,000

Estimated payment $21,544/month

Total Views 359,229
2 Beds
2 Baths
904 Sq Ft
$3,977 Price per Sq Ft

Highlights

  • Hot Property
  • Beach Access
  • Bay View
  • Abraham Lincoln Elementary School Rated A
  • Fishing
  • Open Floorplan

About This Home

Once-in-a-lifetime opportunity to purchase a sensational home, just steps from the South Bayfront, with a rare short-term rental license. The gorgeous 2 bedroom, 2 bath home has been remodeled and upgraded with designer touches inside and out. Two stories, with stunning views of the Newport Harbor, this home has all the conveniences of a contemporary residence while retaining the charm of its original structure, built in 1924. The modern kitchen has an angled farmhouse sink, top-of-the-line appliances including a Wolf range, and fantastic Bay views. Dutch doors open onto the spacious deck, perfect for entertaining with a BBQ and ample seating. Both bedrooms have abundant built-in storage and custom closets. The upstairs bedroom is entered via an exterior staircase, functioning as a private suite with its own kitchenette. Additional amenities include new interior wood paneling, hard floors throughout, and private laundry. Sixteen steps to the sand and conveniently located one block from the quaint village center on Marine Avenue, this charming home is the perfect slice of Balboa Island life.

Last Listed By

Don Abrams

Abrams Coastal Properties Brokerage Phone: 714-325-9055 License #01234323 Listed on: 04/23/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,591

Year Built

  • Built in 1924

Lot Details

  • 1,050 Sq Ft Lot
  • Property is zoned R1.5

Home Design

  • Cottage
  • Patio Home
  • Wood Siding

Interior Spaces

  • 904 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Coffered Ceiling
  • Ceiling Fan
  • Great Room
  • Vinyl Flooring
  • Bay Views

Kitchen

  • Breakfast Bar
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 102
  • Assessor Parcel Number 05017210

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,591

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R1.5
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05017210
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 904.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Coffered Ceiling(s), Open Floorplan
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3976.77
  • Room Type: Great Room, Guest/Maid's Quarters, Main Floor Bedroom, Main Floor Primary Bedroom
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Patio: Yes
  • View: Bay
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home, Walkstreet
  • Lot Size Sq Ft: 1050.00
  • Lot Size Acres: 0.0241

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1050.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 630.06
  • Tax Lot: 1
  • Tax Tract Number: 102

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29,591 $2,571,397 $2,475,199 $96,198
2023 $28,837 $2,517,441 $2,426,666 $90,775
2022 $26,327 $2,468,080 $2,379,084 $88,996
2021 $15,447 $1,433,518 $1,312,347 $121,171
2020 $15,298 $1,418,820 $1,298,891 $119,929
2019 $14,984 $1,391,000 $1,273,422 $117,578
2018 $14,687 $1,363,726 $1,248,453 $115,273
2017 $14,427 $1,336,987 $1,223,974 $113,013
2016 $14,105 $1,310,772 $1,199,974 $110,798
2015 $13,971 $1,291,083 $1,181,949 $109,134
2014 $13,642 $1,265,793 $1,158,796 $106,997
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 For Sale $3,595,000 0.0% $3,977 / Sq Ft
06/07/2022 06/07/22 Rented $16,000 +18.5% --
05/20/2022 05/20/22 Price Changed $13,500 -6.9% $15 / Sq Ft
05/11/2022 05/11/22 Price Changed $14,500 -12.1% $16 / Sq Ft
05/02/2022 05/02/22 For Rent $16,500 0.0% --
10/14/2021 10/14/21 Sold $2,468,080 0.0% $2,730 / Sq Ft
08/21/2021 08/21/21 Price Changed $2,468,080 -0.8% $2,730 / Sq Ft
06/18/2021 06/18/21 For Sale $2,488,080 -- $2,752 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Interfamily Deed Transfer -- Western Resources Title
Grant Deed $2,468,500 Western Resources Title
Interfamily Deed Transfer -- --
Grant Deed $1,015,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 New Conventional
Previous Owner $1,300,000 New Conventional
Previous Owner $777,200 New Conventional
Previous Owner $460,000 New Conventional
Previous Owner $638,300 Credit Line Revolving
Previous Owner $750,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Don Abrams

Abrams Coastal Properties

(949) 628-0919

Section Image

Broker Don Abrams has been the #1 selling realtor in Newport Beach for two of the last three years and has sold more than 50% of the homes on Balboa Island since 1998. After careers as Assistant U.S. Attorney with the U.S. Justice Department and as CEO of a national retail Company, Don purchased a small real estate firm and transformed it into Abrams Coastal Properties, one of Coastal Orange County’s most successful independent brokerages. Don is passionate about people and houses, and his

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25089768

California Regional Multiple Listing Service (CRMLS)

APN: 050-172-10