NOT LISTED FOR SALE

Estimated Value: $7,069,000 - $9,550,172

4 Beds
5.5 Baths
4,300 Sq Ft
$1,974/Sq Ft Est. Value

Last Sold February 10, 2021

Last sale price $6,000,000 $1,395 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $50,956/month

39 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Rooftop Deck
  • 3-minute walk to Marina Park

About This Home

As of February 2021

Magnificent character abounds in this brand-new home on charming Lido Isle, offering four bedrooms and five+ baths in 4,300 square feet on an oversized 45'-wide lot. Inspired by the Hollywood Regency style of famed L.A. architects John E. Woolf and Paul Williams, this custom-built home is stylish and elegant with every modern comfort. The graceful entry is flanked by a stunning formal living room with soaring coffered ceilings and marble fireplace on one side and a lovely formal dining room with showstopping chandelier on the other. French white oak floors lend a sophisticated tone. The spacious great room is anchored by a generous Chef’s kitchen with Sub Zero and Wolf appliances, while pocket doors create seamless indoor/outdoor living and an additional fireplace secures the family room in cozy ambiance. The first-floor guest suite/office includes an en suite bath and custom built-ins, and the nearby elevator provides comfortable second-floor access. Upstairs, the well-appointed Master Wing includes his/her marble baths, walk-in closets and an inviting sitting area. Two additional en suite bedrooms include marble baths, walk-in closets and exquisite finishes. A well-appointed laundry includes a Juliette balcony while an additional staircase takes you to the sunny rooftop deck. The well-crafted details throughout and an enviable center-island location present an exclusive opportunity to live in a custom home on magical Lido Isle. Owner will consider a trade. Bring offers

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 12/16/2020

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,390

Year Built

  • Built in 2020

Lot Details

  • 3,920 Sq Ft Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • City Lights

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • High Ceiling
  • Recessed Lighting
  • Formal Entry
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Rooftop Deck
  • Stone Porch or Patio
  • Exterior Lighting

Schools

  • Newport Middle School
  • Newport Harbor High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Hot Water Circulator
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 759
  • Tax Tract Number 907
  • Assessor Parcel Number 42317105

Community Details

Overview

  • Lido Isle Homeowners Association, Phone Number (949) 673-6170
  • Lido Island Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities

Recreation

  • Boat Dock
  • Pier or Dock
  • Tennis Courts
  • Sport Court
  • Community Playground

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,390

Year Built

Built in 2020

Lot Details

0

HOA Fees

$108 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42317105
  • Year Built: 2020
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 4300.00 Square Feet
  • Interior Amenities: 2 Staircases, Built-in Features, Coffered Ceiling(s), Copper Plumbing Partial, Crown Molding, Elevator, High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Great Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1395.35
  • Room Type: Formal Entry, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Jetted Tub
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • View: City Lights, Ocean
  • Patio And Porch Features: Patio Open, Roof Top, Stone
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Disposal, Gas Cooktop, Hot Water Circulator, Microwave, Refrigerator, Tankless Water Heater, Warming Drawer
  • Heating Type: Central, Natural Gas, ENERGY STAR Qualified Equipment
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Management
  • Association Fee: 1300.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Homeowners Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights
  • Association Management: Lido Isle Homeowners Association

Schools

  • School District: Newport Mesa Unified
  • Middle School: Newport
  • High School: Newport Harbor
  • High School: Newport Harbor
  • Middle Or Junior School: Newport
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3920.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 759
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Feb 2, 2021
Sold by
Ews Company Llc
Bought by
Smith Kari and Smith Robert C
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$6,750,000
Sold Price
$6,000,000
Premium/Discount to List
-$750,000
-11.11%
Current Estimated Value
$8,489,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,489,793
Avg. Annual Appreciation
6.67%

Purchase Details

Closed on
Nov 2, 2020
Sold by
Spinney E W
Bought by
Ews Company Llc

Purchase Details

Closed on
Sep 26, 2020
Sold by
Spinney E W and Spinney Family Trust
Bought by
Allebest Edward F and Helyne S Hanson Irrevocable Tr

Purchase Details

Closed on
Jul 14, 2020
Sold by
E W Spinney Llc
Bought by
Allebest Edward F and Allebest Spinney E

Purchase Details

Closed on
Sep 7, 2017
Sold by
Spinney Edgar W and Spinney E
Bought by
E W Spinney Llc

Purchase Details

Closed on
Feb 15, 2017
Sold by
Krochman Janet
Bought by
Spinney Edgar W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2006
Sold by
Heimer Margaret L
Bought by
Heimer Margaret L and Harry James Heimer & Margaret Lombard He
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Kari $6,000,000 North American Title Co Inc
Ews Company Llc -- None Available
Allebest Edward F -- None Available
Allebest Edward F -- None Available
E W Spinney Llc -- None Available
Spinney Edgar W $2,300,000 Title 365
Heimer Margaret L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Kari $3,900,000
Previous Owner Spinney Edgar W $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2021 02/10/21 Sold $6,000,000 -11.1% $1,395 / Sq Ft
12/16/2020 12/16/20 For Sale $6,750,000 +193.5% $1,570 / Sq Ft
05/12/2017 05/12/17 Sold $2,300,000 -23.3% $617 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $3,000,000 -- $805 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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
2025 $67,390 $6,494,592 $5,232,933 $1,261,659
2024 $67,390 $6,367,248 $5,130,327 $1,236,921
2023 $65,819 $6,242,400 $5,029,732 $1,212,668
2022 $64,737 $6,120,000 $4,931,109 $1,188,891
2021 $34,869 $3,279,546 $2,169,929 $1,109,617
2020 $34,535 $3,245,919 $2,147,679 $1,098,240
2019 $32,080 $3,017,104 $2,105,568 $911,536
2018 $22,048 $2,064,283 $2,064,283 $0
2017 $2,638 $217,227 $106,866 $110,361
2016 $2,509 $212,968 $104,770 $108,198
2015 $2,482 $209,770 $103,197 $106,573
2014 $2,423 $205,661 $101,175 $104,486
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20258136

California Regional Multiple Listing Service (CRMLS)

APN: 423-171-05