1515 E Bay Ave Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $7,734,000 - $12,881,552
3
Beds
6
Baths
3,400
Sq Ft
$2,779/Sq Ft
Est. Value
Highlights
- Property Fronts a Bay or Harbor
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
- Newport Elementary School Rated A
- 0.2 Acre Lot
- Traditional Architecture
About This Home
As of September 20201515 East Bay Avenue is a rare opportunity to enjoy your own personal paradise in the coveted Peninsula Point neighborhood of Newport Beach. The offering boasts an oversized 45-foot bayfront lot, plus 3 additional lots behind the main property, which are currently situated as garages, a grassy lawn, and a private paddle tennis court. Designed by renowned celebrity architect Paul R. Williams, the home offers an extraordinary blending of indoor and outdoor areas and thoughtfully designed, light-filled living spaces. Embracing its coastal location, nearly every room in the home features a view of the harbor. The living and dining rooms open up to a spacious covered patio and manicured rear grounds, providing the ideal environment from which to view and join in the waterfront activities. Equipped with state-of-the-art appliances, exquisite tiled backsplashes, and a view of the harbor, the kitchen is worthy of even the most discerning home chef. Upstairs, the master suite features a connected sitting area and office, an en suite spa-inspired master bathroom, and a dual set of French doors that open to a deck overlooking the water. The best of both worlds, this home offers a coveted bayfront peninsula location, yet is only minutes from some of California’s best world-class dining and shopping. The main house alone would be an exceptional offering; combined with the 3 additional recreation lots, this estate is in a league of its own. Some opportunities truly are once-in-a-lifetime.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $115,684
Year Built
- Built in 1933
Lot Details
- 8,595 Sq Ft Lot
- Property Fronts a Bay or Harbor
- Density is up to 1 Unit/Acre
Parking
- 8 Car Attached Garage
- Parking Available
Property Views
- Bay
- Panoramic
- City Lights
Home Design
- Traditional Architecture
- Shingle Roof
Interior Spaces
- 3,400 Sq Ft Home
- 2-Story Property
- Built-In Features
- Crown Molding
- Living Room with Fireplace
- Dining Room
- Home Office
- Wood Flooring
- Laundry Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Six Burner Stove
- Built-In Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- Fireplace in Primary Bedroom Retreat
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
Additional Features
- Brick Porch or Patio
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Listing and Financial Details
- Legal Lot and Block 8 / 24
- Tax Tract Number 105
- Assessor Parcel Number 04818222
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2020
Closed on
Aug 21, 2020
Sold by
Socal Land Co Llc
Bought by
Oiseaux Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$10,350,000
Sold Price
$10,325,000
Premium/Discount to List
-$25,000
-0.24%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$877,612
Avg. Annual Appreciation
-2.78%
Original Mortgage
$5,000,000
Outstanding Balance
$4,416,009
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$4,632,885
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Oiseaux Llc | $10,325,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oiseaux Llc | $5,000,000 | |
| Previous Owner | Koontz Dean Ray | $2,235,000 | |
| Previous Owner | Koontz Dean Ray | $2,241,600 | |
| Previous Owner | Koontz Dean Ray | $2,250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2020 09/28/20 | Sold | $10,325,000 | -0.2% | $3,037 / Sq Ft |
| 09/28/2020 09/28/20 | Pending | -- | -- | -- |
| 09/28/2020 09/28/20 | For Sale | $10,350,000 | -- | $3,044 / 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 | $115,684 | $10,956,972 | $10,508,333 | $448,639 |
| 2023 | $112,990 | $10,742,130 | $10,302,287 | $439,843 |
| 2022 | $111,135 | $10,531,500 | $10,100,281 | $431,219 |
| 2021 | $108,997 | $10,325,000 | $9,902,236 | $422,764 |
| 2020 | $56,186 | $5,302,390 | $4,925,613 | $376,777 |
| 2019 | $55,012 | $5,198,422 | $4,829,032 | $369,390 |
| 2018 | $53,912 | $5,096,493 | $4,734,345 | $362,148 |
| 2017 | $52,957 | $4,996,562 | $4,641,514 | $355,048 |
| 2016 | $51,761 | $4,898,591 | $4,550,504 | $348,087 |
| 2015 | $51,278 | $4,825,010 | $4,482,151 | $342,859 |
| 2014 | $50,068 | $4,730,495 | $4,394,352 | $336,143 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2020
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
54 in this area
125 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20200111
APN: 048-182-22
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