125 Grand Canal Newport Beach, CA 92662
Balboa Island Neighborhood
5
Beds
4
Baths
2,520
Sq Ft
2,550
Sq Ft Lot
Highlights
- White Water Ocean Views
- Property has ocean access
- Property Fronts a Bay or Harbor
- Abraham Lincoln Elementary School Rated A
- Private Dock Site
- Boat Slip
About This Home
As of August 2024Located along the shimmering canal, this Eastern coastal style home offers an opportunity to reside in a prime Balboa Island location - with a coveted private boat dock to match. This spacious, approximately 2,520 square foot fully remodeled haven offers the best of waterfront living. The bright and airy open-concept living area features iconic Newport Harbor views and abounds in elegant details, such as a sizable brick-surround fireplace with a wooden mantle, coffered ceilings, arched windows, and extensive custom millwork. The sun-drenched main level offers access to the two outdoor areas, with the canal-facing patio adjacent to the private dock serving as one of this home's main highlights, ideal for enjoying the local climate and water activities year-round. On the upper floor, the water-facing primary suite is truly grand, with a vaulted beamed ceiling, walls of windows to take in the incredible views, a five-piece bathroom, and access to a large balcony via French doors. The remaining bedrooms are ample and can serve as sleeping quarters, a secondary living area, or a home office. Onsite parking for three cars, including a two-car garage, completes this residence. 125 Grand Canal features a fantastic location, with the boutiques, grocery store, and restaurants of iconic Marine Avenue steps away - and easy access on and off the island for convenience. Minutes away from Fashion Island, John Wayne Airport, and legendary local beaches.
Last Agent to Sell the Property
DOUGLAS ELLIMAN OF CALIFORNIA, INC. Brokerage Phone: 949-689-9047 License #01223768 Listed on: 02/25/2024
Co-Listed By
DOUGLAS ELLIMAN OF CALIFORNIA, INC. Brokerage Phone: 949-689-9047 License #01991607
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $73,542
Year Built
- Built in 1985 | Remodeled
Lot Details
- 2,550 Sq Ft Lot
- Property Fronts a Bay or Harbor
- Level Lot
- Flag Lot
- Private Yard
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
- 1 Open Parking Space
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
Property Views
- White Water Ocean
- Coastline
- City Lights
- Neighborhood
Home Design
- Traditional Architecture
- Turnkey
Interior Spaces
- 2,520 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Entryway
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room
- Vinyl Flooring
- Laundry Room
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Kitchen Island
- Stone Countertops
- Built-In Trash or Recycling Cabinet
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Upgraded Bathroom
- 4 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Separate Shower
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Property has ocean access
- Beach Access
- Boat Slip
- Private Dock Site
- Ocean Side of Highway 1
- Patio
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 15 / 2
- Tax Tract Number 102
- Assessor Parcel Number 05017323
- $2,938 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
Feb 25, 2024
Closed on
Jul 30, 2024
Sold by
Sadler Family Trust and Sadler Ronald G
Bought by
125 Grand Canal Llc
Seller's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$5,995,000
Sold Price
$5,450,000
Premium/Discount to List
-$545,000
-9.09%
Views
149
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Purchase Details
Closed on
Dec 29, 2010
Sold by
Sadler Ronald Gary and Sadler Judith A
Bought by
Sadler Judith A and Sadler Family Trust
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 | $5,450,000 | California Best Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $72,000 | Unknown | |
| Previous Owner | $77,016 | Unknown | |
| Previous Owner | $500,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $128,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Price Changed | $30,000 | +105.5% | $12 / Sq Ft |
| 11/13/2024 11/13/24 | For Rent | $14,600 | 0.0% | -- |
| 08/05/2024 08/05/24 | Sold | $5,450,000 | -9.1% | $2,163 / Sq Ft |
| 07/07/2024 07/07/24 | Pending | -- | -- | -- |
| 04/30/2024 04/30/24 | Price Changed | $5,995,000 | 0.0% | $2,379 / Sq Ft |
| 04/30/2024 04/30/24 | For Sale | $5,995,000 | +10.0% | $2,379 / Sq Ft |
| 04/08/2024 04/08/24 | Off Market | $5,450,000 | -- | -- |
| 02/25/2024 02/25/24 | For Sale | $6,495,000 | -- | $2,577 / 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 | $73,542 | $6,700,000 | $6,494,561 | $205,439 |
| 2023 | $12,215 | $884,927 | $776,402 | $108,525 |
| 2022 | $9,494 | $867,576 | $761,178 | $106,398 |
| 2021 | $9,313 | $850,565 | $746,253 | $104,312 |
| 2020 | $9,224 | $841,844 | $738,601 | $103,243 |
| 2019 | $9,037 | $825,338 | $724,119 | $101,219 |
| 2018 | $8,859 | $809,155 | $709,920 | $99,235 |
| 2017 | $8,703 | $793,290 | $696,000 | $97,290 |
| 2016 | $8,510 | $777,736 | $682,353 | $95,383 |
| 2015 | $8,429 | $766,054 | $672,103 | $93,951 |
| 2014 | $8,231 | $751,049 | $658,938 | $92,111 |
Source: Public Records
Agents Affiliated with this Home
-
Don Abrams
Seller's Agent in 2024
Don Abrams
Abrams Coastal Properties
(714) 325-9055
68 in this area
95 Total Sales
-
John Stanaland
Seller's Agent in 2024
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
(949) 689-9047
2 in this area
194 Total Sales
-
Steven Corzan
S
Seller Co-Listing Agent in 2024
Steven Corzan
Abrams Coastal Properties
(949) 480-5200
-
LOGAN MONTGOMERY
L
Seller Co-Listing Agent in 2024
LOGAN MONTGOMERY
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
(949) 494-3600
1 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG24031352
APN: 050-173-23
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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
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