NOT LISTED FOR SALE

Estimated Value: $7,426,000 - $15,242,329

5 Beds
8 Baths
6,836 Sq Ft
$1,658/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $13,600,000 $1,989 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $72,234/month

719 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Home Theater
  • El Morro Elementary School Rated A+
  • 24-Hour Security
  • Heated Infinity Pool

About This Home

As of May 2019

Completed in 2016, This new-build Santa Barbara style estate on an oversized lot in Emerald Bay emanates the finest in luxury living. Capturing the tranquil essence of the ocean and earth, the expansive property boasts unobstructed sweeping views of the Pacific. The “smart” home provides countless amenities and exceptional construction using superior materials inside and out. It features over 6800 square feet of living space, offering 5 bedrooms w/en suites, including 2 separate guest quarters with private entry. Among the extensive features, enjoy a 1,000 bottle temp controlled wine tasting room, custom library/office, multiple outdoor seating spaces & fireplaces, and an elevator. The ground floor offers a beautifully appointed great room and bar opening out to the lush, private lanai. Land space like this is rare in Emerald Bay, offering a large secluded yard with an infinity pool & spa. The chef’s kitchen boasts Sub Zero/Wolf/Bosch appliances for a superb culinary experience. The preserved structural details and design from renowned architect Chris Light incorporate elements like Italian limestone, walnut floors, marble, and stone accents throughout. These elements anchor the natural light and coastal colors, making this stunning home your personal sanctuary.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 04/26/2017

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Sommer Killian

Pacific Sotheby’s International Realty License #01076343

Pacific Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • Property fronts a private road
  • West Facing Home
  • Block Wall Fence
  • Landscaped
  • Secluded Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Garden
  • Back Yard

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Tandem Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • Parking Lot

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • Pool

Home Design

  • Custom Home
  • Turnkey
  • Spanish Tile Roof
  • Stone Siding
  • Copper Plumbing

Interior Spaces

  • 6,836 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Wired For Sound
  • Built-In Features
  • Bar
  • Dry Bar
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Shutters
  • Custom Window Coverings
  • Blinds
  • Bay Window
  • Atrium Windows
  • Window Screens
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Recreation Room
  • Bonus Room
  • Atrium Room
  • Storage
  • Laundry Room
  • Home Gym
  • Attic

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Self-Cleaning Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Indoor Grill
  • Gas Cooktop
  • Warming Drawer
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters
  • Granite Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Multiple Shower Heads
  • Separate Shower
  • Linen Closet In Bathroom
  • Closet In Bathroom

Home Security

  • Home Security System
  • Security Lights
  • Intercom
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Elevator Installed
  • Customized Wheelchair Accessible
  • Doors swing in
  • More Than Two Accessible Exits
  • Ramp on the main level
  • Accessible Parking

Pool

  • Heated Infinity Pool
  • Filtered Pool
  • Heated Spa
  • Above Ground Spa
  • Waterfall Pool Feature
  • Permits For Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Terrace
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • El Morro Elementary School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 53
  • Assessor Parcel Number 05304059

Community Details

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 2016 | Newly Remodeled

Lot Details

9,583 Sq Ft Lot

HOA Fees

$675 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Maintained, Paved
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Gated with Guard, Security Lights, Security System, Smoke Detector(s)
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05304059
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6836.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Dry Bar, Elevator, Granite Counters, High Ceilings, Home Automation System, Intercom, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Storage, Wet Bar, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, Accessible Elevator Installed, Parking, Ramp - Main Level, Customized Wheelchair Accessible
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Area, Breakfast Counter / Bar, Family Kitchen, Dining Room, In Kitchen
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Outside, Gas
  • Levels: Two, Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1989.47
  • Room Type: Atrium, Attic, Bonus Room, Exercise Room, Family Room, Formal Entry, Foyer, Great Room, Guest/Maid's Quarters, Home Theatre, Kitchen, Laundry, Library, Living Room, Master Bathroom, Master Bedroom, Master Suite, Office, Recreation, Retreat, Two Masters, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Above Ground, Heated, Permits, Private
  • Window Features: Atrium, Bay Window(s), Blinds, Custom Covering, Drapes, Screens, Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Granite Counters, Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters, Satellite Dish
  • View: Catalina, Ocean, Panoramic, Pool
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered, Deck, Patio, Patio Open, Porch, Stone, Terrace
  • Pool Features: Private, Above Ground, Infinity, Waterfall, Filtered, Heated
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stone

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Driveway, Garage, Direct Garage Access, Garage Faces Front, Garage Door Opener, Guest, Parking Space, Private, Side by Side, Tandem Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Cable Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Indoor Grill, High Efficiency Water Heater, Ice Maker, Refrigerator, Self Cleaning Oven, Warming Drawer
  • Electric: Electricity - On Property
  • Heating Type: Central, Zoned
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Pets Permitted, Call for Rules, Guard, Security, Controlled Access
  • Association Fee: 675.00
  • Association Fee Frequency: Monthly
  • Association Name: _
  • Phone: _
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Schools

  • Elementary School: El Morro
  • Elementary School #2: ELMOR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Landscaped, Secluded, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9583.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 59
  • Tax Tract Number: 053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Apr 17, 2019
Sold by
Rkb Ca Home Llc
Bought by
Bassman Harley and Bassman Lori
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sommer Killian
Pacific Sotheby’s International Realty
List Price
$18,995,000
Sold Price
$13,600,000
Premium/Discount to List
-$5,395,000
-28.4%
Current Estimated Value
$11,334,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,265,835
Avg. Annual Appreciation
-2.65%
Original Mortgage
$9,000,000
Outstanding Balance
$7,666,654
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$3,667,511

Purchase Details

Closed on
Nov 15, 2011
Sold by
Armando & Thelma A Nila Family Trust
Bought by
Rkb Ca Home Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bassman Harley $13,600,000 Lawyers Title Company
Rkb Ca Home Llc $6,725,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bassman Harley $9,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2019 05/31/19 Sold $13,600,000 -9.3% $1,989 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
03/12/2019 03/12/19 Price Changed $14,995,000 -6.3% $2,194 / Sq Ft
10/03/2018 10/03/18 Price Changed $15,995,000 -5.9% $2,340 / Sq Ft
02/08/2018 02/08/18 Price Changed $16,995,000 -2.9% $2,486 / Sq Ft
08/18/2017 08/18/17 Price Changed $17,500,000 -7.9% $2,560 / Sq Ft
04/26/2017 04/26/17 For Sale $18,995,000 +182.5% $2,779 / Sq Ft
03/07/2012 03/07/12 Sold $6,725,000 -11.5% $2,424 / Sq Ft View Prior Sale
11/05/2011 11/05/11 Pending -- -- --
03/17/2011 03/17/11 For Sale $7,600,000 -- $2,740 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $151,031 $15,171,056 $10,673,069 $4,497,987
2024 $151,031 $14,873,585 $10,463,793 $4,409,792
2023 $147,569 $14,581,947 $10,258,621 $4,323,326
2022 $144,800 $14,296,027 $10,057,472 $4,238,555
2021 $142,025 $14,015,713 $9,860,266 $4,155,447
2020 $140,560 $13,872,000 $9,759,162 $4,112,838
2019 $98,147 $9,656,517 $6,267,575 $3,388,942
2018 $96,241 $9,467,174 $6,144,681 $3,322,493
2017 $94,355 $9,281,544 $6,024,197 $3,257,347
2016 $85,476 $8,401,012 $5,906,075 $2,494,937
2015 $63,092 $6,199,005 $5,817,361 $381,644
2014 $58,085 $5,703,407 $5,703,407 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17089682

California Regional Multiple Listing Service (CRMLS)

APN: 053-040-59

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