NOT LISTED FOR SALE

1509 E Bay Ave Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $7,736,000 - $9,030,166

0.1 Acre
$80,469,154 Price per Acre
4,530 Sq Ft Lot

Last Sold May 04, 2015

Last sale price $4,375,000 $838 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $50,816/month

231 Days on Market

Highlights

  • Back Bay Views
  • Newport Elementary School Rated A
  • No HOA

About This Lot

As of May 2015

Rare opportunity to build on Peninsula Point this 30ft bay front lot is ready for someone to design and build their own custom bay front residence. The current owner has approval from Coastal and has lot line adjustment completed. This is truly an opportunity to build a dream home on the bay.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 06/30/2014

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 06/30/2014

Pacific Sotheby's Int'l Realty

Property Details

Property Type

  • Land

Lot Details

  • 4,530 Sq Ft Lot
  • Road Access Is Seasonal

Property Views

  • Back Bay
  • City Lights

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04818220

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Road Frontage Type: Access is Seasonal
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: 1
  • Property Type: Land
  • Parcel Number: 04818220
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 965.78

Exterior Features

  • View: Back Bay, City Lights

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 4530.00
  • Lot Size Acres: 0.1040

Multi Family

  • Lot Size Area: 4530.0000 Square Feet

Tax Info

  • Tax Rate: 1.00
  • Tax Year: 2013

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2015 05/04/15 Sold $4,375,000 -2.7% $838 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
06/30/2014 06/30/14 For Sale $4,495,000 -54.6% $861 / Sq Ft
11/18/2013 11/18/13 Sold $9,900,000 0.0% $1,895 / Sq Ft View Prior Sale
11/18/2013 11/18/13 Pending -- -- --
11/18/2013 11/18/13 For Sale $9,900,000 -- $1,895 / 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 $83,624 $8,068,290 $6,965,716 $1,102,574
2024 $83,624 $7,910,089 $6,829,134 $1,080,955
2023 $81,676 $7,754,990 $6,695,230 $1,059,760
2022 $80,333 $7,602,932 $6,563,951 $1,038,981
2021 $78,788 $7,453,855 $6,435,246 $1,018,609
2020 $78,033 $7,377,425 $6,369,260 $1,008,165
2019 $76,400 $7,232,770 $6,244,372 $988,398
2018 $74,871 $7,090,951 $6,121,933 $969,018
2017 $73,543 $6,951,913 $6,001,895 $950,018
2016 $67,756 $5,884,211 $5,884,211 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2015

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    51 in this area

    120 Total Sales

    Kim Bibb
    Section Image

  • R

    Seller Co-Listing Agent in 2013

    Robert Giem

    Plus Real Estate

    (949) 933-7046

    2 in this area

    45 Total Sales

    Robert Giem
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14137603

California Regional Multiple Listing Service (CRMLS)

APN: 048-182-28

California Orange County Newport Beach 92661 Balboa Peninsula Point

1509 E Bay Ave, Newport Beach, CA

Not Listed for Sale

Lots

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