$8,000,000
SOLD JUL 18, 2024 RENTED APR 12, 2025
3 Beds
3.5 Baths
2,634 Sq Ft
2,400 Sq Ft Lot

Recently Sold

$3,037 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Fireplace in Primary Bedroom
  • Newport Elementary School Rated A
  • Property has ocean access
  • Wood Flooring

About This Home

As of July 2024

Situated on the coveted oceanfront in Newport Beach on Balboa Peninsula with Catalina views from the second floor, this Spanish style home offers unparalleled access to the vibrant coastal lifestyle. Enjoy this rare opportunity to live at the end of the boardwalk which offers the convenience to the boardwalk without the disturbance of the beachgoers. This beachfront gem has 3 bedrooms and 4 bathrooms with a 2 car garage and is adorned with exquisite details, including arched doorways, hand-painted tiles, and intricate wrought iron accents that epitomize the Spanish aesthetic. This residence has undergone recent upgrades, including the installation of new solar panels, a new roof, fresh exterior and interior paint, new windows, new hardwood floors on the first level and primary bedroom, a new heat pump and AC, an outdoor shower and an EV charger. The spacious living room is a sanctuary of comfort and boasts high ceilings, exposed wooden beams, and a fireplace with breathtaking views out to the dunes and ocean. The charming kitchen features stainless steel appliances, electric stove top and plenty of storage. The serene primary suite is a sanctuary of relaxation, featuring a private balcony, attached sitting room, fireplace and spacious newly remodeled primary bath with views of the ocean. Additional bedrooms provide comfortable accommodations each offering their own unique charm and bathrooms. Step outside and enjoy spectacular sunsets on the patio and spend your days basking in the sun on the sandy beaches or exploring the charming shops and restaurants, the Fun Zone, Balboa Island Ferry, and the world famous Wedge. With convenient access to major highways, you're just a short drive away from the world-class attractions of Orange County and beyond.

Last Agent to Sell the Property

Katie Russell

Compass Brokerage Phone: 949-933-6526 License #02060057 Listed on: 05/16/2024

Compass

Co-Listed By

Laurie Eastman

Compass Brokerage Phone: 949-933-6526 License #01858979

Last Buyer's Agent

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,219

Year Built

  • Built in 1930

Lot Details

  • 2,400 Sq Ft Lot
  • Beach Front
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,634 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Shutters
  • Window Screens
  • Family Room with Fireplace
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Electric Cooktop
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Property has ocean access
  • Patio

Utilities

  • Cooling Available
  • Air Source Heat Pump

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 105
  • Assessor Parcel Number 04816403

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,219

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Spanish
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04816403
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2634.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s)
  • Stories: 2
  • Entry Location: front door
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Family Room, Primary Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3037.21
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Window Features: Screens, Shutters
  • Bathroom Features: Bathtub, Double Sinks In Primary Bath

Exterior Features

  • Patio: Yes
  • View: Catalina, Ocean
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Freezer, Gas Oven, Refrigerator
  • Heating Type: Heat Pump
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551
  • Latitude Manual: 33.59925300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
May 29, 2024
Sold by
Corinne B Dossett Living Trust and Reichardt Paul E
Bought by
Glaser Todd and Glaser Kim
Seller's Agent
Katie Russell
Compass
Buyer's Agent
Matthew J. Altman
Douglas Elliman of California, Inc.
List Price
$8,200,000
Sold Price
$8,000,000
Premium/Discount to List
-$200,000
-2.44%
Total Days on Market
6
Views
13
Current Estimated Value
$8,111,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,824
Avg. Annual Appreciation
1.61%
Original Mortgage
$5,200,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2023
Sold by
Corinne And Andrew Dossett Trust
Bought by
Corinne B Dossett Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2015
Sold by
Dossett Andrew J and Dossett Corinne B
Bought by
Corinne & Andrew Dossett Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 16, 2000
Sold by
Dossett Corinne B
Bought by
Dossett Andrew J and Dossett Corinne B

Purchase Details

Closed on
May 14, 1997
Sold by
Andrew Dossett and Andrew Corinne B
Bought by
Dossett Corinne B and Dossett Andrew J
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $8,000,000 Chicago Title
Grant Deed -- --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,200,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $850,000 New Conventional
Previous Owner $360,000 Future Advance Clause Open End Mortgage
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2025 04/12/25 Rented $22,000 0.0% --
04/02/2025 04/02/25 For Rent $22,000 0.0% --
07/18/2024 07/18/24 Sold $8,000,000 -2.4% $3,037 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $8,200,000 -- $3,113 / 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
2024 $2,219 $173,526 $110,489 $63,037
2023 $2,163 $170,124 $108,323 $61,801
2022 $2,049 $166,789 $106,199 $60,590
2021 $2,011 $163,519 $104,117 $59,402
2020 $1,990 $161,843 $103,050 $58,793
2019 $1,955 $158,670 $101,029 $57,641
2018 $1,917 $155,559 $99,048 $56,511
2017 $1,883 $152,509 $97,106 $55,403
2016 $1,843 $149,519 $95,202 $54,317
2015 $1,822 $147,274 $93,772 $53,502
2014 $1,779 $144,390 $91,936 $52,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24098558

California Regional Multiple Listing Service (CRMLS)

APN: 048-164-03