NOT LISTED FOR SALE

Estimated Value: $6,812,000 - $8,177,000

5 Beds
5.5 Baths
3,789 Sq Ft
$1,962/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $7,300,000 $1,927 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $42,709/month

118 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • New Construction
  • Newport Elementary School Rated A
  • Wine Cellar
  • Primary Bedroom Suite

About This Home

As of July 2023

This stunning, newly-constructed, custom home embodies the epitome of the Newport Beach lifestyle, where lazy days are spent soaking up the sun with warm sand and pounding surf just steps away as passionate surfers navigate The Wedge or experiencing ocean sunsets and city lights from your private roof top deck. Whether you're a passionate surfer, or simply someone who appreciates the finer things in life, this property offers the indescribable experience of living beachside. Step into this stunning 3,789 s.f. +/- home, with 5 bedrooms & 5.5 bathrooms, and be transported to a world of next-level comfort and style. Salt air breezes flow into an open living room with 11’ ceilings, with La Cantina bi-fold doors linking to an outdoor living space with a fire pit, and a private patio with water feature. Custom home audio creates the soundtrack for a social space, and luxe touches include wide-plank European oak floors, custom cabinets, and a Control 4 System that manages everything from lights to AC. Dramatic stone surfaces create a striking kitchen, and a waterfall quartz-topped island is a place to unwind with a premium vintage from the 106-bottle temperature controlled wine room. Thermador appliances include a 6-burner range with grill & dual ovens, a wine chiller, and a paneled refrigerator. The main floor is completed by a guest powder room, elevator, and mudroom linked to the 2-car garage & carport. The second floor is a blissful retreat, where three gorgeous guest rooms feature ensuite baths appointed with on-trend custom tile, and laundry room. A stunning master bedroom is accentuated with a wood slat wall, 11’ backlit tray ceiling, and a walk-in closet with glass doors that are just waiting to showcase luxury labels. The impressive ensuite is indulgent, with a steam shower, soaking tub, and high-end stone surfaces. The 3rd floor has the feel of a luxury treehouse, with a full bathroom creating the option for a 5th bedroom. A wet bar with a wine cooler and refrigerator makes entertaining a breeze, while two private decks offer panoramic views that stretch across city lights and bays that drift out to the ocean. Step out to the BBQ kitchen and grill while the sun sets or cozy up next to the outdoor fireplace. Additional features include solar panels, a car-charger-ready garage, outdoor shower, and a location that offers a wide alley for an easy trip to spectacular dining & shopping on the Balboa Peninsula, Balboa Island, and greater Newport Beach.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 02/22/2023

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Brian Johnson

Coldwell Banker Realty License #00787688

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2,964 Sq Ft Lot
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • 1 Carport Space
  • Parking Available

Property Views

  • Ocean
  • Catalina
  • City Lights
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 3,789 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Recessed Lighting
  • Gas Fireplace
  • Drapes & Rods
  • Sliding Doors
  • Panel Doors
  • Wine Cellar
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Storage
  • Laundry Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Gas Oven
  • Six Burner Stove
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Low Flow Shower

Outdoor Features

  • Beach Access
  • Covered Patio or Porch
  • Fire Pit
  • Exterior Lighting
  • Rooftop Access
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Solar Heating System
  • Property is near park and public transit

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 518
  • Assessor Parcel Number 04820141
  • $1,148 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 2023 | New Construction

Lot Details

2,964 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04820141
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 3789.00 Square Feet
  • Interior Amenities: Elevator, Living Room Deck Attached, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Wet Bar, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, In Living Room
  • Fireplace Features: Gas, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1926.63
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Window Features: Drapes
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Quartz Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Catalina, City Lights, Neighborhood, Ocean, Water
  • Patio And Porch Features: Covered, Deck, Front Porch, Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Direct Garage Access, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Oven, Gas Range
  • Heating Type: Solar
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 2964.00
  • Lot Size Acres: 0.0680

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2964.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 518
  • TaxOtherAnnualAssessmentAmount: 1148.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Jul 10, 2023
Sold by
1508 Ocean Llc
Bought by
Mandell Living Trust and Mandell
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Brian Johnson
Coldwell Banker Realty
List Price
$7,995,000
Sold Price
$7,300,000
Premium/Discount to List
-$695,000
-8.69%
Views
224
Current Estimated Value
$7,434,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,417
Avg. Annual Appreciation
0.68%

Purchase Details

Listed on
Nov 5, 2020
Closed on
Mar 12, 2021
Sold by
Walker Aurora
Bought by
Walker Michael W
Seller's Agent
Lourdes Abouchouche
Realty One Group West
Buyer's Agent
Reza Moalej
Reza Moalej
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.08%
Original Mortgage
$1,875,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2020
Closed on
Mar 10, 2021
Sold by
Walker Michael W
Bought by
1508 Ocean Llc
Seller's Agent
Lourdes Abouchouche
Realty One Group West
Buyer's Agent
Reza Moalej
Reza Moalej
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2017
Sold by
Walker Michael W
Bought by
Walker Michael W

Purchase Details

Closed on
Aug 29, 2005
Sold by
Walker Darline R
Bought by
Walker Darline R and Darline R Walker Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mandell Living Trust $7,300,000 Ticor Title Company
Walker Michael W -- Chicago Title
1508 Ocean Llc $2,500,000 Chicago Title
Walker Michael W -- None Available
Walker Darline R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1508 Ocean Llc $1,875,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2023 07/20/23 Sold $7,300,000 -8.7% $1,927 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $7,995,000 +219.8% $2,110 / Sq Ft
03/18/2021 03/18/21 Sold $2,500,000 0.0% $1,978 / Sq Ft View Prior Sale
02/04/2021 02/04/21 Pending -- -- --
01/26/2021 01/26/21 Price Changed $2,500,000 0.0% $1,978 / Sq Ft
01/26/2021 01/26/21 For Sale $2,500,000 -7.4% $1,978 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $2,700,000 -- $2,136 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $35,799 $3,469,902 $2,499,045 $970,857
2024 $35,799 $3,371,865 $2,450,044 $921,821
2023 $37,428 $3,469,977 $2,534,995 $934,982
2022 $27,968 $2,550,000 $2,485,290 $64,710
2021 $2,477 $108,275 $67,959 $40,316
2020 $2,464 $107,165 $67,262 $39,903
2019 $2,458 $105,064 $65,943 $39,121
2018 $2,569 $103,004 $64,650 $38,354
2017 $2,494 $100,985 $63,383 $37,602
2016 $2,449 $99,005 $62,140 $36,865
2015 $2,514 $97,518 $61,206 $36,312
2014 $2,477 $95,608 $60,007 $35,601
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23024431

California Regional Multiple Listing Service (CRMLS)

APN: 048-201-41

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