NOT LISTED FOR SALE

Estimated Value: $7,085,000 - $12,968,790

6 Beds
7.5 Baths
8,717 Sq Ft
$1,131/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Home Theater
  • Ocean Side of Highway 1
  • El Morro Elementary School Rated A+
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of September 2024

Emerald Bay | Summer Rental. Available the months of June and July 2024, $25,000 per week, two-week minimum rental. The intrinsic serenity of Emerald Bay infuses nearly every room of this contemporary custom oceanfront estate with a calming sense of nature’s boundless beauty. Captivating ocean, bay, beach, whitewater, bluff, sunset and evening-light views capture the senses from spectacular indoor and outdoor living spaces at the multi-level residence. An impressive atrium-style entry soars over two stories and is crowned by a massive skylight that illuminates varying levels, gallery-sized walls and dramatic architectural angles. Approximately 8,717 square feet with six en suite bedrooms and seven full and one half baths, complete with a twin bed on the main level, 2 king and 2 queen beds on the upper level, and 1 king bed on the lower level. The palatial design is ocean-view focused and presents an octagonal formal dining room with tray ceiling, a formal living room with patio access, natural stone-finished fireplace and a wet bar, and a family room with surround sound and slideaway glass doors opening to the pool deck. Pro and amateur chefs alike will appreciate a high-end kitchen with Petite Granit countertops, a breakfast room with contemporary glass chandelier, top-tier stainless steel appliances including a built-in refrigerator, and custom cabinetry with opaque glass uppers. Natural stone and wood-plank flooring, recessed lighting, whole-house audio, large view windows and custom lighting fixtures impress throughout. The lower level reveals a fireplace-warmed media room with wet bar and a dedicated big-screen home theater with ocean-view terrace. Gorgeous ocean and Emerald Bay views continue upstairs in a primary suite with a fireplace and sitting room, an office, freestanding tub, separate shower and individual vanities. Versatile entertaining space is also featured in a generous bonus room located over the three-car garage that presents a balcony and built-in entertainment center. Terraced grounds extend nearly 13,260 feet and host an infinity-edge pool and spa, open-air fireplace, coastal gardens, and stone decking at the motorcourt and patios. Residents of Emerald Bay enjoy a range of amenities including tennis courts, playgrounds, a clubhouse, and access to Emerald Bay Beach with fire rings.

Last Agent to Rent the Property

Tim Smith

Coldwell Banker Realty Brokerage Phone: 949.478.2295 License #01346878 Listed on: 10/27/2023

Coldwell Banker Realty

Co-Listed By

Hunter Jack

Coldwell Banker Realty Brokerage Phone: 949.478.2295 License #01879200

Last Renter's Agent

Tim Smith

Coldwell Banker Realty Brokerage Phone: 949.478.2295 License #01346878 Listed on: 10/27/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1982

Lot Details

  • 0.3 Acre Lot
  • Property fronts a private road
  • Landscaped

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Property Views

  • White Water Ocean
  • Panoramic

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,717 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Built-In Features
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Plantation Shutters
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Theater
  • Bonus Room with Fireplace
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Open Patio
  • Outdoor Fireplace
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Community Details

  • Property has a Home Owners Association
  • Emerald Bay Subdivision

Listing and Financial Details

  • Security Deposit $115,000
  • Rent includes association dues
  • Available 5/1/24
  • Tax Lot 4
  • Tax Tract Number 1104
  • Assessor Parcel Number 05304058

Home Details

Home Type

Single Family

Year Built

Built in 1982

Lot Details

0.3 Acres

Parking

3

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2024-05-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 115000
  • Furnished: Furnished
  • Pets Allowed: Breed Restrictions, Call, Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949.230.2836
  • Inclusions: Golf cart available
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05304058
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8717.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, High Ceilings, Living Room Deck Attached, Quartz Counters, Recessed Lighting, Stone Counters, Wet Bar
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: Sliding Doors
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Bonus Room, Living Room, Primary Bedroom, Outside, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 13.19
  • Room Type: Bonus Room, Home Theatre, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Spa Features: Private, In Ground
  • Window Features: Plantation Shutters, Skylight(s)
  • Bathroom Features: Shower, Double Sinks In Bath(s), Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio, Patio Open
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Freezer, Gas Cooktop, Range Hood, Refrigerator
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 13260.00
  • Lot Size Acres: 0.3044

Multi Family

  • Insurance Water Furniture: No
  • Lot Size Area: 13260.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 626.56
  • Tax Lot: 4
  • Tax Tract Number: 1104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2021
Sold by
Mcknight Robert B and Mcknight Annette C
Bought by
Mcknight Robert B and Mcknight Annette C
Current Estimated Value
$9,855,263

Purchase Details

Closed on
Dec 19, 2012
Sold by
Mcknight Robert B and Mcknight Annette C
Bought by
Mcknight Robert B and Mcknight Annette C

Purchase Details

Closed on
Oct 15, 2012
Sold by
Mcknight Robert B and Mcknight Annette C
Bought by
Mcknight Robert B and Mcknight Annette C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2008
Sold by
Mcknight Robert B and Mcknight Annette C
Bought by
Mcknight Robert B and Mcknight Annette C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,250,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1996
Sold by
Sweeney James M and Sweeney Lyn C
Bought by
Mcknight Robert B and Mcknight Annette C

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
7.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Mcknight Robert B -- None Available
Mcknight Robert B -- None Listed On Document
Mcknight Robert B -- None Available
Mcknight Robert B -- None Available
Mcknight Robert B -- Chicago Title Company
Mcknight Robert B -- Provident Title Company
Mcknight Robert B -- Civic Center Title Services
Mcknight Robert B -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcknight Robert B $454,000
Previous Owner Mcknight Robert B $12,250,000
Previous Owner Mcknight Robert B $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 Rented $115,000 +360.0% --
03/18/2024 03/18/24 Price Changed $25,000 -75.0% $3 / Sq Ft
03/12/2024 03/12/24 Price Changed $100,000 -13.0% $11 / Sq Ft
10/27/2023 10/27/23 For Rent $115,000 -- --
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 $62,818 $6,312,900 $4,468,031 $1,844,869
2024 $62,818 $6,189,118 $4,380,422 $1,808,696
2023 $61,377 $6,067,763 $4,294,531 $1,773,232
2022 $60,225 $5,948,788 $4,210,325 $1,738,463
2021 $59,070 $5,832,146 $4,127,770 $1,704,376
2020 $58,460 $5,772,345 $4,085,445 $1,686,900
2019 $57,456 $5,659,162 $4,005,338 $1,653,824
2018 $56,339 $5,548,199 $3,926,802 $1,621,397
2017 $55,234 $5,439,411 $3,849,806 $1,589,605
2016 $54,194 $5,332,756 $3,774,319 $1,558,437
2015 $53,392 $5,252,654 $3,717,626 $1,535,028
2014 $52,378 $5,149,762 $3,644,803 $1,504,959
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23197641

California Regional Multiple Listing Service (CRMLS)

APN: 053-040-58

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