Landlord's Agent in 2022
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
39 in this area
93 Total Sales
1516 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $5,199,000 - $10,511,778
5
Beds
4
Baths
3,083
Sq Ft
$2,509/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Primary Bedroom Suite
- Newport Elementary School Rated A
- Home Theater
- Cape Cod Architecture
About This Home
As of July 2022Brimming with character and timeless Eastern Seaboard-style, this classic oceanfront home situated in the appealing Balboa Peninsula Point neighborhood of Newport Beach bespeaks everlasting coastal charm. Loving maintained, this traditional beach home is highlighted by a generous five bedroom, four bath floor plan – providing space rarely enjoyed with seaside living. A welcoming, private garden courtyard leads to the home’s formal entry and principle living, dining and kitchen spaces – all of which enjoy whitewater views and enchanting sunsets behind Catalina. A first-floor bedroom and bath are perfectly suited for visiting family and friends. Upstairs there are three spacious guest bedrooms, the comfortable oceanfront primary suite with its adjoining office/sitting room with fireplace, and private terrace, and a delightful wood paneled media room accented by vaulted beamed ceilings and a large bay window overlooking the flowering garden below. Sited on an oceanfront parcel that public records reflect as approximately 15% larger than the standard oceanfront lot on Peninsula Point, this outstanding property lives graciously, with well-proportioned rooms, generous storage, an oversize two car garage with additional exterior parking, and stunning ocean vistas from the beach front patio. Enduring style is never out-of-style – this is a timeless and exceedingly tasteful beach home available as a yearly lease opportunity. *Furnished Photos Have Been Staged Virtually
Last Agent to Rent the Property
Coldwell Banker Realty License #01892201 Listed on: 02/18/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $92,793
Year Built
- Built in 1963
Lot Details
- 3,720 Sq Ft Lot
- Beach Front
- Home fronts navigable water
- South Facing Home
- Landscaped
- Garden
Parking
- 2 Car Direct Access Garage
- 1 Open Parking Space
- Parking Storage or Cabinetry
- Parking Available
- Single Garage Door
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- City Lights
- Neighborhood
Home Design
- Cape Cod Architecture
Interior Spaces
- 3,083 Sq Ft Home
- 2-Story Property
- Built-In Features
- Beamed Ceilings
- Fireplace With Gas Starter
- Awning
- Formal Entry
- Living Room with Fireplace
- Dining Room
- Home Theater
- Library with Fireplace
Kitchen
- Breakfast Bar
- Electric Oven
- Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- 4 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Deck
- Brick Porch or Patio
- Exterior Lighting
Location
- Urban Location
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Security Deposit $43,000
- Rent includes gardener, sewer, trash collection
- 12-Month Minimum Lease Term
- Available 3/1/22
- Legal Lot and Block 5 / B
- Tax Tract Number 518
- Assessor Parcel Number 04820233
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 18, 2021
Sold by
Adkinson Elizabeth Spence and Adkinson Betty
Bought by
County Of Orange
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$8,500,000
Sold Price
$8,275,000
Premium/Discount to List
-$225,000
-2.65%
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
-$204,992
Avg. Annual Appreciation
-1.73%
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 3, 2021
Sold by
Adkinson Steven Spence and Adkinson Theodore Hall
Bought by
1516 East Oceanfront Llc
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$8,500,000
Sold Price
$8,275,000
Premium/Discount to List
-$225,000
-2.65%
Purchase Details
Closed on
May 24, 2017
Sold by
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Elizabeth S and Adkinson Steven Spence
Purchase Details
Closed on
Jul 17, 2013
Sold by
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Adkinson Elizabeth S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
3.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2003
Sold by
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 13, 1999
Sold by
Adkinson Don R
Bought by
Adkinson Don R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 4, 1999
Sold by
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Revocable Trust Of Don R & Elizabeth S A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Feb 25, 1999
Sold by
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Revocable Trust Of Don R & Elizabeth S A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Jan 6, 1999
Sold by
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Oct 1, 1993
Sold by
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.98%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2022 07/25/22 | Rented | $14,000 | -29.1% | -- |
| 04/14/2022 04/14/22 | Price Changed | $19,750 | -12.2% | $6 / Sq Ft |
| 02/18/2022 02/18/22 | For Rent | $22,500 | 0.0% | -- |
| 03/19/2021 03/19/21 | Sold | $8,275,000 | -2.6% | $2,684 / Sq Ft |
| 03/19/2021 03/19/21 | For Sale | $8,500,000 | -- | $2,757 / Sq Ft |
| 02/26/2021 02/26/21 | Pending | -- | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $92,793 | $8,957,125 | $8,699,030 | $258,095 |
| 2024 | $92,793 | $8,781,496 | $8,528,461 | $253,035 |
| 2023 | $90,631 | $8,609,310 | $8,361,236 | $248,074 |
| 2022 | $89,143 | $8,440,500 | $8,197,290 | $243,210 |
| 2021 | $2,900 | $247,983 | $124,546 | $123,437 |
| 2020 | $2,871 | $245,441 | $123,269 | $122,172 |
| 2019 | $2,816 | $240,629 | $120,852 | $119,777 |
| 2018 | $2,761 | $235,911 | $118,482 | $117,429 |
| 2017 | $2,954 | $231,286 | $116,159 | $115,127 |
| 2016 | $2,969 | $226,751 | $113,881 | $112,870 |
| 2015 | $2,962 | $223,345 | $112,170 | $111,175 |
| 2014 | $2,818 | $218,970 | $109,972 | $108,998 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Tenant's Agent in 2022
Matilda Lumpkin
Arbor Real Estate
(949) 375-4500
2 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22032866
APN: 048-202-33
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1510 E Oceanfront
- 1554 E Oceanfront
- 1585 E Ocean Blvd
- 1532 Miramar Dr
- 1585 Miramar Dr
- 1319 E Balboa Blvd Unit C
- 1324 E Balboa Blvd
- 1305 E Balboa Blvd
- 1703 Plaza Del Sur
- 1303 E Balboa Blvd
- 1710 Plaza Del Norte
- 1730 Plaza Del Norte
- 1204 E Balboa Blvd
- 1201 E Balboa Blvd
- 1903 E Balboa Blvd
- 500 K St
- 332 L St
- 2045 E Ocean Blvd
- 432 Seville Ave
- 2117 Miramar Dr
- 1516 E Ocean Blvd
- 1516 E Ocean Blvd Unit B
- 1516 E Ocean Blvd Unit A
- 1516 E Ocean Blvd
- 1514 E Oceanfront
- 1520 E Oceanfront
- 1520 E Ocean Blvd
- 1520 E Ocean Blvd
- 1526 E Oceanfront
- 1526 E Ocean Blvd
- 1526 E Ocean Blvd
- 1521 E Ocean Blvd
- 1525 E Ocean Blvd
- 1517 E Ocean Blvd
- 1504 E Oceanfront
- 1504 E Ocean Blvd
- 1504 E Ocean Blvd
- 1531 E Ocean Blvd
- 1515 E Ocean Blvd
- 1528 E Oceanfront