$7,031,687 - $8,968,000
RENTED JUL 7, 2025
3 Beds
4.5 Baths
3,481 Sq Ft
$2,245 Price per Sq Ft

Last Sold August 01, 2013

Last sale price $4,050,000 $1,163 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $46,885/month

Highlights

  • Marina
  • Marina View
  • Home Theater
  • Newport Elementary School Rated A
  • Home fronts navigable water
  • Primary Bedroom Suite

About This Home

As of July 2025

Experience the ultimate coastal lifestyle in this stunning vacation rental located in the exclusive gated waterfront community of Balboa Coves in Newport Beach. This fully furnished home features 3BR/5BA and a home office encompassing nearly 3500 sq ft of interior living space.

The large living room has sliding doors that open up to the waterfront patio, which features a built-in BBQ, fire pit, and various gathering areas. The gourmet kitchen boasts top-of-the-line appliances, including a Wolf range and Subzero refrigerator, as well as a large center island for all your culinary needs. The home office is downstairs, perfect for remote work or study.

Upstairs, you will find two master suites and a media loft. The main master suite has a fireplace and balcony overlooking the water, providing the perfect setting for relaxing and taking in the stunning views. The secondary master suite features a separate sitting area.

Centrally located on the Southern California coast, this vacation rental is just a short distance to restaurants, shopping and the beach, and is a quick drive away from popular destinations such as Huntington Beach, Balboa Island, and Laguna Beach. Fashion Island and South Coast Plaza are also just a short drive away.

Don't miss out on the opportunity to experience luxury coastal living at its finest in Newport Beach.

Last Agent to Rent the Property

Laura Baptista

Team Laguna Inc Brokerage Phone: 949-306-3783 License #01753586 Listed on: 07/17/2024

Last Renter's Agent

Deborah Cowles

Compass License #01232658

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,609

Year Built

  • Built in 2009

Lot Details

  • 6,500 Sq Ft Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Landscaped

Parking

  • 2 Car Attached Garage

Property Views

  • Marina
  • Bay

Interior Spaces

  • 3,481 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Theater
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Double Oven
  • Six Burner Stove
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Remodeled Bathroom
  • Granite Bathroom Countertops

Outdoor Features

  • Ocean Side of Highway 1
  • Outdoor Fireplace
  • Outdoor Grill

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Security Deposit $15,000
  • Available 7/2/25
  • Tax Lot 13
  • Tax Tract Number 1011
  • Assessor Parcel Number 42303114

Community Details

Overview

  • Property has a Home Owners Association
  • Balboa Coves Subdivision

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,609

Year Built

Built in 2009

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-07-02
  • Credit Check Paid By: Tenant
  • Deposit Other: 500
  • Deposit Security: 15000
  • Furnished: Furnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Balboa Coves (BLCV)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42303114
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3481.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Furnished, Granite Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Outside
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 5.75
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Media Room, Multi-Level Bedroom
  • Bathroom Features: Granite Counters, Remodeled
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • View: Bay, Marina, Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Double Oven, Microwave, Range Hood
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Multi Family

  • First Repairs: 100
  • Insurance Water Furniture: Yes
  • Lease Term: Negotiable, Seasonal, Short Term Lease, Vacation Rental
  • Lot Size Area: 6500.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Marina in Community, Navigable Water, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 13
  • Tax Tract Number: 1011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2013
Closed on
Jul 12, 2013
Sold by
Gray Valerie and Adams Gary
Bought by
Arly Lomas Holdings Llc
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Lee Ann Canaday
Re/Max Fine Homes
List Price
$4,295,000
Sold Price
$4,050,000
Premium/Discount to List
-$245,000
-5.7%
Current Estimated Value
$7,815,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,765,422
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Nov 26, 2012
Sold by
Chamberlain Craig M and Chamberlain Julie A
Bought by
Mikulak Stephen A and Mikulak Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,934,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2011
Sold by
Gray Valerie and Adams Gary
Bought by
Gray Valerie and Adams Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2010
Sold by
Gray Valerie and Adams Gary
Bought by
Gray Valerie and Adams Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2007
Sold by
Gray Valerie
Bought by
Gray Valerie and Adams Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2007
Sold by
Orrill Jack Henry and Orrill Harry Gene
Bought by
Gray Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,020,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 26, 2007
Sold by
Orrill Jack Henry and Orrill Richard Wilbert
Bought by
Orrill Jack Henry and Orrill Richard Wilbert

Purchase Details

Closed on
Mar 2, 2006
Sold by
Orrill Jack D and Orrill Dorothy V
Bought by
Orrill Jack D and Orrill Dorothy
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
Arly Lomas Holdings Llc $4,050,000 First American Title Company
Mikulak Stephen A $2,417,500 Lawyers Title
Gray Valerie -- First American Title Company
Gray Valerie -- Chicago Title Company
Gray Valerie -- Chicago Title Company
Gray Valerie $2,525,000 Southland Title Corporation
Orrill Jack Henry -- None Available
Orrill Jack D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mikulak Stephen A $1,934,000
Previous Owner Gray Valerie $1,950,000
Previous Owner Gray Valerie $729,750
Previous Owner Gray Valerie $1,200,000
Previous Owner Gray Valerie $750,000
Previous Owner Gray Valerie $2,020,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Rented $20,000 +21.2% --
12/02/2024 12/02/24 Price Changed $16,500 -17.5% $5 / Sq Ft
07/17/2024 07/17/24 For Rent $20,000 +21.2% --
02/15/2024 02/15/24 Rented $16,500 0.0% --
12/31/2023 12/31/23 Price Changed $16,500 +3.1% $5 / Sq Ft
01/18/2023 01/18/23 Price Changed $16,000 -11.1% $5 / Sq Ft
12/15/2022 12/15/22 Price Changed $18,000 -18.2% $5 / Sq Ft
04/22/2022 04/22/22 For Rent $22,000 +46.7% --
10/27/2020 10/27/20 Rented $15,000 0.0% --
10/06/2020 10/06/20 For Rent $15,000 0.0% --
08/26/2020 08/26/20 Rented $15,000 +25.0% --
11/16/2019 11/16/19 For Rent $12,000 +71.4% --
03/31/2015 03/31/15 Rented $7,000 -30.0% --
03/01/2015 03/01/15 Under Contract -- -- --
01/21/2015 01/21/15 For Rent $10,000 0.0% --
08/01/2013 08/01/13 Sold $4,050,000 -3.5% $1,147 / Sq Ft
06/21/2013 06/21/13 Price Changed $4,195,000 -2.3% $1,188 / Sq Ft
04/07/2013 04/07/13 For Sale $4,295,000 -- $1,217 / 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 $51,609 $4,964,742 $3,727,097 $1,237,645
2024 $51,609 $4,867,395 $3,654,017 $1,213,378
2023 $50,404 $4,771,956 $3,582,369 $1,189,587
2022 $49,574 $4,678,389 $3,512,127 $1,166,262
2021 $48,622 $4,586,656 $3,443,261 $1,143,395
2020 $48,156 $4,539,626 $3,407,955 $1,131,671
2019 $47,150 $4,450,614 $3,341,132 $1,109,482
2018 $46,208 $4,363,348 $3,275,620 $1,087,728
2017 $45,389 $4,277,793 $3,211,393 $1,066,400
2016 $44,365 $4,193,915 $3,148,424 $1,045,491
2015 $43,950 $4,130,919 $3,101,132 $1,029,787
2014 $42,913 $4,050,000 $3,040,385 $1,009,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24146449

California Regional Multiple Listing Service (CRMLS)

APN: 423-031-14