1202 S Bay Front Newport Beach, CA 92662
Balboa Island Neighborhood
3
Beds
3
Baths
2,160
Sq Ft
2,550
Sq Ft Lot
Highlights
- Ocean View
- Property has ocean access
- Parking available for a boat
- Abraham Lincoln Elementary School Rated A
- Private Dock Site
- Boat Slip
About This Home
As of October 2024CALL FOR OFFERS! MUST SELL THIS MONTH!. Welcome to 1202 S Bay Front, Newport Beach's most desired view!! The most prized directional facing view that encompasses the entire Newport Harbor. You will lose yourself in the beauty and tranquility of the ultimate vacation lifestyle of living on the water. Steps away from your private shared dock and sandy beach. Launch your paddleboards or kayaks on your water playground! South facing bay fronts rarely come available and are a generational heritage for their owners. Immerse yourself in the epitome of luxury enjoyment in your fully renovated home (completed in 2023). With room to potentially add a rooftop deck or add square footage (buyer to verify with city), there are no limits to what the imagination can accomplish here. Be privileged to drive by and see your home from the channel as you sail to and from. Discover Newport Beach's finest restaurants from the water, as you pull up in your vessel to valet boat parking. A hop, skip, and a jump takes you to the postcard-worthy Main Street on Balboa Island, where you will find delectable treats, refined dining, and amazing fun (including shopping).
Stop your search and find your way home to the front row of Newport Beach's best kept secret: Balboa Island! Where luxury meets chill! Become the envy of passers-by as you gaze out into the open water. Christmas Boat parades and lots of new friends can't wait to greet you at your new home that will be filled with the joy and magic of this vibrant Island.
Last Agent to Sell the Property
Andrea O Hill
Compass Brokerage Phone: 949-836-5479 License #02186023 Listed on: 07/27/2023
Last Buyer's Agent
Times Real Estate CA Brokerage Phone: 949-836-5479 License #01446306
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $76,787
Year Built
- Built in 1948
Lot Details
- 2,550 Sq Ft Lot
- South Facing Home
- Front Yard Sprinklers
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
- Parking Available
- Parking Lot
- Parking available for a boat
Property Views
- Ocean
- Marina
- Harbor
- Panoramic
Interior Spaces
- 2,160 Sq Ft Home
- 2-Story Property
- Built-In Features
- Crown Molding
- Panel Doors
- Living Room with Fireplace
- Dining Room
- Bonus Room
- Wood Flooring
Kitchen
- Breakfast Bar
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- 3 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Property has ocean access
- Beach Access
- Boat Slip
- Private Dock Site
- Docks
- Open Patio
- Exterior Lighting
- Porch
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 05017112
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 12, 2025
Sold by
Georges And Souha Attar Family Trust and Attar Georges W
Bought by
250 Sog Balboa Llc
Total Days on Market
449
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,994,660
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$2,091,738
Purchase Details
Closed on
Feb 20, 2025
Sold by
Attar Georges and Attar Souha
Bought by
Georges And Souha Atttar Family Trust and Attar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,994,660
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$2,091,738
Purchase Details
Listed on
Jul 27, 2023
Closed on
Oct 19, 2024
Sold by
Clarey John Morgan and Christy Jones
Bought by
Attar Georges and Attar Souha
Seller's Agent
Andrea O Hill
Compass
Buyer's Agent
George Hanold
Times Real Estate CA
List Price
$8,950,000
Sold Price
$6,965,000
Premium/Discount to List
-$1,985,000
-22.18%
Views
946
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Purchase Details
Listed on
Mar 25, 2021
Closed on
Apr 23, 2021
Sold by
Gilb Linda Gayle Green
Bought by
Gilb Michael Charles
Seller's Agent
David Wilson
JohnHart Real Estate
Buyer's Agent
David Wilson
JohnHart Real Estate
List Price
$5,995,000
Sold Price
$6,600,000
Premium/Discount to List
$605,000
10.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%
Original Mortgage
$4,950,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 25, 2021
Closed on
Apr 9, 2021
Sold by
Gilb Denice Renee and Gilb Michael Charles
Bought by
Clarey John Morgan and Clarey Christy Jones
Seller's Agent
David Wilson
JohnHart Real Estate
Buyer's Agent
David Wilson
JohnHart Real Estate
List Price
$5,995,000
Sold Price
$6,600,000
Premium/Discount to List
$605,000
10.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,950,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 13, 2021
Sold by
Gilb Denice Renee and Gilb Michael Charles
Bought by
Gilb Denice Renee and Gilb Michael Charles
Purchase Details
Closed on
Jan 12, 2009
Sold by
Gilb Ruth Valadon
Bought by
Gilb Ruth Valadon and Demiva Trust
Purchase Details
Closed on
Aug 17, 2004
Sold by
Gilb Charles Edwin
Bought by
Gilb Charles Edwin and Gilb Ruth Valadon
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | $6,965,000 | First American Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Grant Deed | $6,600,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | New Conventional | |
| Closed | $5,000,000 | New Conventional | |
| Previous Owner | $270,000 | New Conventional | |
| Previous Owner | $4,950,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/22/2024 10/22/24 | Sold | $6,965,000 | -2.5% | $3,225 / Sq Ft |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- |
| 10/11/2024 10/11/24 | Price Changed | $7,142,123 | -4.8% | $3,307 / Sq Ft |
| 10/04/2024 10/04/24 | Price Changed | $7,500,000 | -5.1% | $3,472 / Sq Ft |
| 09/03/2024 09/03/24 | Price Changed | $7,900,000 | -11.7% | $3,657 / Sq Ft |
| 07/20/2024 07/20/24 | For Sale | $8,950,000 | +28.5% | $4,144 / Sq Ft |
| 07/18/2024 07/18/24 | Off Market | $6,965,000 | -- | -- |
| 12/06/2023 12/06/23 | Price Changed | $8,950,000 | -10.1% | $4,144 / Sq Ft |
| 08/25/2023 08/25/23 | Price Changed | $9,950,000 | -16.4% | $4,606 / Sq Ft |
| 07/27/2023 07/27/23 | For Sale | $11,900,000 | +80.3% | $5,509 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $6,600,000 | +10.1% | $3,056 / Sq Ft |
| 03/25/2021 03/25/21 | For Sale | $5,995,000 | -- | $2,775 / 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 | $76,787 | $7,003,972 | $6,849,680 | $154,292 |
| 2023 | $74,921 | $6,866,640 | $6,715,373 | $151,267 |
| 2022 | $71,173 | $6,732,000 | $6,583,699 | $148,301 |
| 2021 | $5,250 | $464,353 | $394,578 | $69,775 |
| 2020 | $5,199 | $459,592 | $390,532 | $69,060 |
| 2019 | $5,097 | $450,581 | $382,875 | $67,706 |
| 2018 | $4,998 | $441,747 | $375,368 | $66,379 |
| 2017 | $4,911 | $433,086 | $368,008 | $65,078 |
| 2016 | $4,804 | $424,595 | $360,793 | $63,802 |
| 2015 | $4,757 | $418,218 | $355,374 | $62,844 |
| 2014 | -- | $410,026 | $348,413 | $61,613 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2024
Andrea O Hill
Compass
(949) 995-1755
-
George Hanold
Seller Co-Listing Agent in 2024
George Hanold
Times Real Estate CA
(949) 836-5479
1 in this area
128 Total Sales
-
Regan Beegle
Buyer Co-Listing Agent in 2024
Regan Beegle
Times Real Estate CA
(949) 836-5480
1 in this area
145 Total Sales
-
David Wilson
Seller's Agent in 2021
David Wilson
JohnHart Real Estate
(818) 246-1099
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23134932
APN: 050-171-12
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 202 Onyx Ave
- 104 Onyx Ave
- 115 Apolena Ave
- 220 Apolena Ave
- 127 Coral Ave
- 126 Sapphire Ave
- 305 Grand Canal Unit 1
- 214 Sapphire Ave
- 126 Abalone Ave
- 214 Abalone Ave
- 327 Amethyst Ave
- 201 Diamond Ave
- 209 Diamond Ave
- 1201 N Bay Front
- 126 Ruby Ave
- 1407 N Bay Front
- 209 E Bay Front
- 222 Ruby Ave
- 316 Diamond Ave
- 210 Collins Ave