Seller's Agent in 2021
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
39 in this area
89 Total Sales
1580 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $7,277,000 - $10,086,020
3
Beds
2.5
Baths
2,976
Sq Ft
$2,762/Sq Ft
Est. Value
Highlights
- Beach Front
- Marina
- Property has ocean access
- Newport Elementary School Rated A
- White Water Ocean Views
- In Ground Spa
About This Home
As of February 2021East Coast elegance with a West Coast attitude. A pristine seaside residence that emanates luxury and charm with abundant panoramic views of the ocean and coastline. Reminiscent of the summer escapes that dot the Hampton's shoreline, this carefully curated Peninsula Point home has been thoughtfully reconstructed to showcase the best architectural elements of true Cape-Cod style. With great thought being given to the preservation of the home's classic design, a handsome bluestone courtyard entry with private spa sets the tone of this timeless residence. Comfortably elegant living and dining rooms adjoin a richly appointed, professional grade kitchen with an adjacent morning room/den overlooking the courtyard entry. On the upper level the oceanfront master suite and a separate sitting room/office with fireplace revel in whitewater views and magical Catalina sunsets. Two additional guest areas complete the upper level. Sited with an elevated corner lot orientation, the home's perfectly executed oceanfront terrace was fashioned to create the ideal envelope of privacy and unobstructed water views and is the perfect venue for intimate seaside gatherings. Live the beach lifestyle without compromise. A distinguished, turn-key waterfront offering that is nothing short of world-class.
Last Agent to Sell the Property
Coldwell Banker Realty License #01892201 Listed on: 08/11/2020
Home Details
Home Type
- Single Family
Year Built
- Built in 1956
Lot Details
- 3,200 Sq Ft Lot
- Beach Front
- Home fronts navigable water
- Landscaped
- Corner Lot
Parking
- 2 Car Attached Garage
- Parking Available
- Single Garage Door
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- City Lights
- Neighborhood
Home Design
- Cape Cod Architecture
- Turnkey
Interior Spaces
- 2,976 Sq Ft Home
- 2-Story Property
- Built-In Features
- Chair Railings
- Wainscoting
- Awning
- Entrance Foyer
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Storage
- Center Hall
Kitchen
- Double Self-Cleaning Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Warming Drawer
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Retreat
- Fireplace in Primary Bedroom Retreat
- All Bedrooms Down
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- In Ground Spa
- Property has ocean access
- Stone Porch or Patio
- Terrace
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Purifier
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 21 / B
- Tax Tract Number 518
- Assessor Parcel Number 04820219
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Marina
- Fishing
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2020
Closed on
Jan 1, 2021
Sold by
Akins Bruce and Akins Carole M
Bought by
Reuben Jeffrey and Newport Balboa Trust
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$8,875,000
Sold Price
$8,150,000
Premium/Discount to List
-$725,000
-8.17%
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
$68,673
Avg. Annual Appreciation
0.17%
Purchase Details
Closed on
Sep 4, 2003
Sold by
Akins Bruce and Akins Carole M
Bought by
Akins Bruce and Akins Carole M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 20, 2003
Sold by
Akins Bruce and Akins Carole M
Bought by
Akins Bruce and Akins Carole M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 2, 2001
Sold by
Staaf John Kirk and Fisher Susan Staaf
Bought by
Akins Bruce and Akins Carole M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.63%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reuben Jeffrey | $8,150,000 | Chicago Title Company | |
| Akins Bruce | -- | -- | |
| Akins Bruce | -- | First American Title Co | |
| Akins Bruce | $3,300,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Akins Bruce | $1,000,000 | |
| Previous Owner | Akins Bruce | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2021 02/02/21 | Sold | $8,150,000 | -8.2% | $2,739 / Sq Ft |
| 01/11/2021 01/11/21 | Pending | -- | -- | -- |
| 11/06/2020 11/06/20 | For Sale | $8,875,000 | +8.9% | $2,982 / Sq Ft |
| 11/04/2020 11/04/20 | Off Market | $8,150,000 | -- | -- |
| 09/11/2020 09/11/20 | For Sale | $9,350,000 | +14.7% | $3,142 / Sq Ft |
| 09/04/2020 09/04/20 | Off Market | $8,150,000 | -- | -- |
| 08/11/2020 08/11/20 | For Sale | $9,350,000 | -- | $3,142 / 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 |
|---|---|---|---|---|
| 2025 | $91,397 | $8,802,499 | $8,396,784 | $405,715 |
| 2024 | $91,397 | $8,648,845 | $8,232,142 | $416,703 |
| 2023 | $89,268 | $8,479,260 | $8,070,727 | $408,533 |
| 2022 | $87,802 | $8,313,000 | $7,912,477 | $400,523 |
| 2021 | $49,601 | $4,686,743 | $4,279,891 | $406,852 |
| 2020 | $49,125 | $4,638,687 | $4,236,006 | $402,681 |
| 2019 | $48,098 | $4,547,733 | $4,152,947 | $394,786 |
| 2018 | $47,135 | $4,458,562 | $4,071,516 | $387,046 |
| 2017 | $46,298 | $4,371,140 | $3,991,683 | $379,457 |
| 2016 | $45,252 | $4,285,432 | $3,913,415 | $372,017 |
| 2015 | $44,828 | $4,221,061 | $3,854,632 | $366,429 |
| 2014 | $43,769 | $4,138,377 | $3,779,125 | $359,252 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Shapiro
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20162457
APN: 048-202-19
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