118 Sapphire Ave Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $5,077,000 - $6,846,000
3
Beds
3.5
Baths
2,321
Sq Ft
$2,547/Sq Ft
Est. Value
Highlights
- Roof Top Spa
- Wine Cellar
- Rooftop Deck
- Abraham Lincoln Elementary School Rated A
- Home Theater
- Bay View
About This Home
As of August 2023Introducing a captivating Balboa Island beach home, expertly designed by the esteemed Ian Harrison, ideally located on the premier 100 block of the island’s best street. Originally built by Greg Clarke Construction in 2009, this residence underwent a meticulous refresh in 2023, elevating it to an exceptional standard of perfection. Featuring 3 bedrooms and 3 ½ bathrooms, this home effortlessly combines indoor and outdoor living. The main floor presents an inviting space, with sliding doors opening to an elevated front patio and corner folding glass doors unveiling a side courtyard, providing ample room for gatherings. The gourmet kitchen, with its butler’s pantry, seamlessly connects to the great room. The temperature-controlled walk-in wine cellar is perfect for wine enthusiasts. Throughout, newly refinished bleached white oak floors exude understated sophistication. The upper level reveals a serene primary suite, offering private bay views from its balcony, a spacious walk-in closet, and a luxurious bathroom with heated floors. Two guest bedrooms, accompanied by two guest bathrooms and a theater room, comfortably accommodate visitors in style.
The crowning jewel is the expansive rooftop deck, a true epitome of Newport Beach living. Enjoy the warmth of the built-in fireplace, indulge in outdoor entertainment with the Sunbrite TV, and relish in the convenience of a well-placed kitchenette and bar. From this vantage point, savor breathtaking bay views, from the morning sunrises to the captivating sunsets. For added convenience, a private office and improved bonus attic area complete the third level. The home incorporates modern amenities, such as hardwired motorized privacy and blackout shades, a seamless Control4 home automation system, Lutron lighting control, integrated speakers, central vacuum, water filtration, and a modern security alarm. Additionally, the property is primed for future needs, allowing for installation of an elevator if desired. Nestled in a prime location, this home grants effortless access to the bay and the vibrant offerings of Balboa Island. Embrace the charm of Marine Avenue, with its boutique shopping, dining, and social scene. The Balboa Island Ferry's close proximity ensures easy beach access, making this locale both accessible and enviable. This exceptional beach home, characterized by refined elegance and thoughtful design, awaits those seeking coastal luxury and a relaxed, yet sophisticated lifestyle.
Last Agent to Sell the Property
Shorecrest Real Estate, Inc License #01778954 Listed on: 07/24/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $60,863
Year Built
- Built in 2009 | Remodeled
Lot Details
- 2,550 Sq Ft Lot
- Vinyl Fence
- Block Wall Fence
- Rectangular Lot
Parking
- 2 Car Attached Garage
- 1 Open Parking Space
- Parking Available
- Rear-Facing Garage
Home Design
- Cape Cod Architecture
- Slab Foundation
- Slate Roof
Interior Spaces
- 2,321 Sq Ft Home
- 3-Story Property
- Double Pane Windows
- Awning
- Wine Cellar
- Great Room
- Living Room with Fireplace
- Home Theater
- Home Office
- Loft
- Bonus Room
- Bay Views
- Laundry Room
Kitchen
- Walk-In Pantry
- Kitchen Island
- Instant Hot Water
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Heated Floor in Bathroom
- Bidet
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Multiple Shower Heads
- Walk-in Shower
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Roof Top Spa
- Balcony
- Rooftop Deck
- Patio
- Outdoor Fireplace
- Exterior Lighting
- Rain Gutters
- Front Porch
Schools
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Central Heating and Cooling System
- 220 Volts For Spa
- Natural Gas Connected
- Tankless Water Heater
- Hot Water Circulator
- Water Purifier
- Water Softener
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 21 / 4
- Tax Tract Number 100
- Assessor Parcel Number 05011105
- $369 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2023
Closed on
Aug 8, 2023
Sold by
Luanne L Leonard 1988 Living Trust
Bought by
Graig And Kelly Petersen Living Trust and Petersen
Seller's Agent
Corey Gulbranson
Shorecrest Real Estate, Inc
Buyer's Agent
Georgie Fenton
Coldwell Banker Realty
List Price
$5,495,000
Sold Price
$5,495,000
Total Days on Market
7
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,610
Avg. Annual Appreciation
4.16%
Purchase Details
Listed on
Sep 12, 2017
Closed on
Dec 1, 2017
Sold by
Sands Thomas J and Sands Virginia T
Bought by
Leonard Luanne L and Leonard William M
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Corey Gulbranson
Shorecrest Real Estate, Inc
List Price
$3,949,000
Sold Price
$3,800,000
Premium/Discount to List
-$149,000
-3.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$1,400,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Sep 6, 2013
Closed on
Sep 5, 2013
Sold by
Premier Trust Inc
Bought by
Sands Thomas J and Sands Virginia T
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$3,350,000
Sold Price
$3,200,000
Premium/Discount to List
-$150,000
-4.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Purchase Details
Closed on
Dec 31, 2012
Sold by
Nark Theodore C and Bottger Lourdes A
Bought by
Premier Trust and Nark Irrevocable Trust 1
Purchase Details
Closed on
May 24, 2006
Sold by
Rysanek Jonathan G and Rysanek Charlotte Jean
Bought by
Nark Theodore C and Bottger Lourdes A
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Graig And Kelly Petersen Living Trust | $5,495,000 | Chicago Title Company | |
| Leonard Luanne L | $3,800,000 | Lawyers Title Co | |
| Sands Thomas J | $3,200,000 | Orange Coast Title Company O | |
| Premier Trust | -- | None Available | |
| Nark Theodore C | $2,050,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Luanne L Leonard 1988 Living T | $1,320,000 | |
| Previous Owner | Leonard Luanne L | $1,400,000 | |
| Previous Owner | Rysanek Jonathan G | $192,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2023 08/15/23 | Sold | $5,495,000 | 0.0% | $2,368 / Sq Ft |
| 07/31/2023 07/31/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $5,495,000 | 0.0% | $2,368 / Sq Ft |
| 05/07/2020 05/07/20 | Rented | $10,500 | -4.5% | -- |
| 05/04/2020 05/04/20 | Under Contract | -- | -- | -- |
| 04/09/2020 04/09/20 | For Rent | $10,995 | 0.0% | -- |
| 01/26/2019 01/26/19 | Rented | $10,995 | 0.0% | -- |
| 01/18/2019 01/18/19 | Under Contract | -- | -- | -- |
| 01/02/2019 01/02/19 | For Rent | $10,995 | 0.0% | -- |
| 07/01/2018 07/01/18 | Rented | $10,995 | 0.0% | -- |
| 06/01/2018 06/01/18 | Under Contract | -- | -- | -- |
| 05/23/2018 05/23/18 | For Rent | $10,995 | 0.0% | -- |
| 01/22/2018 01/22/18 | Sold | $3,800,000 | -2.4% | $1,637 / Sq Ft |
| 10/05/2017 10/05/17 | Price Changed | $3,895,000 | -1.4% | $1,678 / Sq Ft |
| 09/12/2017 09/12/17 | For Sale | $3,949,000 | +23.4% | $1,701 / Sq Ft |
| 10/17/2013 10/17/13 | Sold | $3,200,000 | -4.5% | $1,143 / Sq Ft |
| 09/06/2013 09/06/13 | Pending | -- | -- | -- |
| 09/06/2013 09/06/13 | For Sale | $3,350,000 | -- | $1,196 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $60,863 | $5,495,000 | $4,969,388 | $525,612 |
| 2023 | $46,504 | $4,155,854 | $3,683,977 | $471,877 |
| 2022 | $43,221 | $4,074,367 | $3,611,742 | $462,625 |
| 2021 | $42,391 | $3,994,478 | $3,540,924 | $453,554 |
| 2020 | $41,985 | $3,953,520 | $3,504,616 | $448,904 |
| 2019 | $41,109 | $3,876,000 | $3,435,898 | $440,102 |
| 2018 | $36,511 | $3,447,584 | $3,035,300 | $412,284 |
| 2017 | $35,863 | $3,379,985 | $2,975,785 | $404,200 |
| 2016 | $35,053 | $3,313,711 | $2,917,436 | $396,275 |
| 2015 | $34,724 | $3,263,936 | $2,873,613 | $390,323 |
| 2014 | $33,904 | $3,200,000 | $2,817,322 | $382,678 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Gulbranson
Seller's Agent in 2023
Corey Gulbranson
Shorecrest Real Estate, Inc
(949) 294-8717
2 in this area
14 Total Sales
-
Georgie Fenton
Buyer's Agent in 2023
Georgie Fenton
Coldwell Banker Realty
(208) 720-6203
22 in this area
25 Total Sales
-
Mary Baldoni
M
Buyer Co-Listing Agent in 2023
Mary Baldoni
Coldwell Banker Realty
(949) 644-1600
3 in this area
6 Total Sales
-
Omar Renteros
O
Seller's Agent in 2020
Omar Renteros
Beachview Rentals
(949) 288-6311
9 Total Sales
-
Larry Karlin
L
Seller's Agent in 2019
Larry Karlin
Beachview, Inc.
(949) 673-2627
-
Don Abrams
Seller's Agent in 2018
Don Abrams
Abrams Coastal Properties
(714) 325-9055
68 in this area
95 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23136147
APN: 050-111-05
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