1572 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
2.5
Baths
2,405
Sq Ft
3,200
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Main Floor Bedroom
- Newport Elementary School Rated A
- Fishing
- Great Room
About This Home
As of December 2023Prime development opportunity. This charming oceanfront retreat boasts breathtaking sunsets with unparalleled ocean vistas stretching from the Newport and Balboa Piers all the way to the Jetty. A prime non-boardwalk location creates a serene, secluded paradise to enjoy all the amenities the Peninsula lifestyle has to offer. Stunning panoramic views and sun-drenched interiors flow throughout the upper level, compete with a kitchen, dining area, breakfast nook, and private terrace. The master Suite and secondary bedroom both offer direct beach access, with terraces right on the sand. With a generous lot size of 40 by 80 square feet, this property is a incredibly rare opportunity.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $162,765
Year Built
- Built in 1951
Lot Details
- 3,200 Sq Ft Lot
- Beach Front
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
Property Views
- Ocean
- Panoramic
Interior Spaces
- 2,405 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- Great Room
- Living Room
- Galley Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
Listing and Financial Details
- Legal Lot and Block 19 / B
- Tax Tract Number 518
- Assessor Parcel Number 04820221
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 23, 2023
Sold by
1572 E Oceanfront Llc and Waterfront 777 Llc
Bought by
Moondoggies Beach Bungalow Llc
Total Days on Market
59
Current Estimated Value
Purchase Details
Closed on
Jul 6, 2021
Sold by
1572 E Oceanfront Llc
Bought by
Watefront 777 Llc
Purchase Details
Listed on
Jan 5, 2021
Closed on
Feb 26, 2021
Sold by
Morgan Thomas H
Bought by
1572 E Oceanfront Llc
Seller's Agent
Russ Fluter
Russell E. Fluter
Buyer's Agent
Russ Fluter
Russell E. Fluter
Sold Price
$10,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$6,400,000
Interest Rate
2.73%
Mortgage Type
Construction
Purchase Details
Listed on
Oct 11, 2020
Closed on
Dec 15, 2020
Sold by
Kpmw Integral Llc
Bought by
Morgan Thomas H
Seller's Agent
Michael Carpenter
Compass
Buyer's Agent
Russ Fluter
Russell E. Fluter
List Price
$7,095,000
Sold Price
$6,750,000
Premium/Discount to List
-$345,000
-4.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,078
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 10, 2015
Sold by
Bohemian Jazz Exchange
Bought by
Kpmw Integral Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,240,000
Interest Rate
3.61%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 14, 2014
Closed on
Jul 15, 2014
Sold by
Brooks Andrew and Brooks Kelly
Bought by
Bohemian Jazz Exchange
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jeff Ewing
Coldwell Banker Realty
List Price
$5,595,000
Sold Price
$5,300,000
Premium/Discount to List
-$295,000
-5.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Purchase Details
Closed on
Feb 8, 2004
Sold by
Brooks Andrew A and Brooks Kelly L
Bought by
Brooks Andrew and Brooks Kelly
Purchase Details
Closed on
Jun 27, 2003
Sold by
Marconi Richard Dale
Bought by
Brooks Andrew A and Brooks Kelly L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 1995
Sold by
Marconi Richard D
Bought by
Marconi Richard Dale
Similar Homes in Newport Beach, CA
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $15,432,500 | Ticor Title Company | |
| Grant Deed | -- | Ticor Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | $6,750,000 | Chicago Title Co Com Div | |
| Grant Deed | -- | Chicago Title Company | |
| Grant Deed | $5,300,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $3,200,000 | Equity Title Company | |
| Interfamily Deed Transfer | -- | Equity Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $6,400,000 | Construction | |
| Previous Owner | $1,760,078 | Commercial | |
| Previous Owner | $4,240,000 | New Conventional | |
| Previous Owner | $4,240,000 | New Conventional | |
| Previous Owner | $4,240,000 | New Conventional | |
| Previous Owner | $2,000,000 | Credit Line Revolving | |
| Previous Owner | $2,400,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2023 12/18/23 | Sold | $15,431,467 | -2.9% | $4,103 / Sq Ft |
| 12/18/2023 12/18/23 | Pending | -- | -- | -- |
| 12/18/2023 12/18/23 | For Sale | $15,900,000 | 0.0% | $4,228 / Sq Ft |
| 03/19/2021 03/19/21 | Rented | $10,000 | -16.7% | -- |
| 01/05/2021 01/05/21 | For Rent | $12,000 | 0.0% | -- |
| 12/28/2020 12/28/20 | Sold | $6,750,000 | -4.9% | $2,807 / Sq Ft |
| 10/11/2020 10/11/20 | For Sale | $7,095,000 | +33.9% | $2,950 / Sq Ft |
| 07/28/2014 07/28/14 | Sold | $5,300,000 | -5.3% | $1,656 / Sq Ft |
| 07/09/2014 07/09/14 | Pending | -- | -- | -- |
| 04/14/2014 04/14/14 | For Sale | $5,595,000 | +5.6% | $1,748 / Sq Ft |
| 02/03/2014 02/03/14 | Off Market | $5,300,000 | -- | -- |
| 11/11/2013 11/11/13 | For Sale | $5,595,000 | -- | $1,748 / 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 | $162,765 | $15,431,467 | $14,096,453 | $1,335,014 |
| 2023 | $78,458 | $7,448,035 | $6,819,853 | $628,182 |
| 2022 | $71,836 | $6,795,000 | $6,686,131 | $108,869 |
| 2021 | $71,383 | $6,750,000 | $6,641,462 | $108,538 |
| 2020 | $61,682 | $5,824,376 | $5,709,574 | $114,802 |
| 2019 | $60,392 | $5,710,173 | $5,597,622 | $112,551 |
| 2018 | $59,184 | $5,598,209 | $5,487,864 | $110,345 |
| 2017 | $58,135 | $5,488,441 | $5,380,259 | $108,182 |
| 2016 | $56,822 | $5,380,825 | $5,274,764 | $106,061 |
| 2015 | $56,292 | $5,300,000 | $5,195,532 | $104,468 |
| 2014 | $40,083 | $3,780,755 | $3,674,109 | $106,646 |
Source: Public Records
Agents Affiliated with this Home
-
Russ Fluter
R
Seller's Agent in 2023
Russ Fluter
Russell E. Fluter
(949) 630-8858
2 in this area
5 Total Sales
-
Kim Bibb
Buyer's Agent in 2023
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
54 in this area
125 Total Sales
-
Michael Carpenter
Seller's Agent in 2020
Michael Carpenter
Compass
(949) 922-1092
1 in this area
17 Total Sales
-
Jeff Ewing
Buyer's Agent in 2014
Jeff Ewing
Coldwell Banker Realty
(949) 644-1600
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20214468
APN: 048-202-21
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
- 1554 E Oceanfront
- 1703 E Ocean Blvd
- 1532 Miramar Dr
- 1703 Plaza Del Sur
- 1517 Miramar Dr
- 1754 E Ocean Blvd
- 1710 Plaza Del Norte
- 332 L St
- 1411 E Bay Ave
- 500 K St
- 1319 E Balboa Blvd Unit C
- 2045 E Ocean Blvd
- 2044 E Ocean Blvd
- 1303 E Balboa Blvd
- 432 Seville Ave
- 1214 E Balboa Blvd
- 2117 Miramar Dr
- 1204 E Balboa Blvd
- 2132 E Oceanfront
- 2141 Seville Ave