Seller's Agent in 2020
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
49 in this area
117 Total Sales
1700 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $6,832,000 - $10,274,345
3
Beds
2.5
Baths
2,987
Sq Ft
$2,874/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Fireplace in Primary Bedroom
- Newport Elementary School Rated A
- Property has ocean access
- Corner Lot
About This Home
As of December 2020Gracing a corner lot on the pristine sands of coveted Peninsula Point, 1700 East Oceanfront presents a rare opportunity to own a home that is perfectly positioned with panoramic views stretching from the Balboa Pier to the Wedge. Its prime non-boardwalk location affords the property an exceptionally private and peaceful setting, mere steps from the water. Designed and arranged for the ultimate indoor-outdoor living experience, the home combines an open layout with wood beam ceilings, arched doors and windows, and spacious sunlit rooms to highlight the peaceful beachfront setting. The master retreat serves as the perfect seaside oasis, featuring a private balcony looking out to the ocean, a romantic fireplace, iconic arched windows and doors matching the design of those on the lower level, and a dual-sink en suite bathroom. Situated around a warm fireplace, the open living room emanates relaxed ease, seamlessly flowing into the dining room and out to the Oceanfront patio. Experience the finest of coastal living in beautiful Newport Beach, with the sand at your doorstep, the ocean within sight, and world-class amenities just minutes away. This exceptional home would serve as a perfect primary residence, a wonderful beachside retreat, or an excellent opportunity to build your dream home in an unparalleled oceanfront location.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01210754 Listed on: 08/10/2020
Home Details
Home Type
- Single Family
Year Built
- Built in 1933
Lot Details
- 3,200 Sq Ft Lot
- Lot Dimensions are 40x80
- Beach Front
- Corner Lot
- Property is zoned R1
Parking
- 3 Car Attached Garage
- Parking Available
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,987 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Living Room with Fireplace
- Storage
- Laundry Room
- Carpet
Kitchen
- Eat-In Kitchen
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Bathtub
Outdoor Features
- Property has ocean access
- Enclosed Patio or Porch
Location
- Suburban Location
Utilities
- Forced Air Heating System
- Sewer Paid
Community Details
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Listing and Financial Details
- Assessor Parcel Number 04821229
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2020
Closed on
Dec 8, 2020
Sold by
Reynolds Bradley V and The Bradley V Reynolds Trust
Bought by
Ressler Ocean Front Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Ron Millar
Arbor Real Estate
List Price
$7,599,000
Sold Price
$7,050,000
Premium/Discount to List
-$549,000
-7.22%
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
$1,534,086
Avg. Annual Appreciation
4.00%
Original Mortgage
$4,582,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 4, 2017
Closed on
May 29, 2018
Sold by
Camp Properties Llc
Bought by
Reynolds Bradley V and Reynolds Kathryn
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$7,695,000
Sold Price
$7,500,000
Premium/Discount to List
-$195,000
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.48%
Purchase Details
Closed on
Sep 24, 2007
Sold by
Covitz Carl D and Covitz Aviva H
Bought by
Camp Properties Llc
Purchase Details
Closed on
Jul 25, 2007
Sold by
Mohilef Paul S and Mohilef Diane Cheryl
Bought by
Covitz Carl D and Covitz Aviva H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,090,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 2003
Sold by
Mohilef Paul S
Bought by
Mohilef Paul S and Mohilef Diane Cheryl
Purchase Details
Closed on
Oct 8, 2002
Sold by
Mohilef David M
Bought by
Mohilef David M and Mohilef Monica M
Purchase Details
Closed on
Sep 30, 2002
Sold by
Mohilef Paul S
Bought by
Mohilef Paul S and Mohilef Diane Cheryl
Purchase Details
Closed on
Sep 24, 2002
Sold by
Mohilef Edward G
Bought by
Mohilef Edward G and Edward G Mohilef Revocable Living Trust
Purchase Details
Closed on
Sep 17, 2002
Sold by
Mohilef Ethel
Bought by
Mohilef Paul S and Mohilef David M
Purchase Details
Closed on
Sep 15, 1998
Sold by
Ethel Mohilef
Bought by
Mohilef Ethel and Ethel Mohilef Qualified Residence Trust
Purchase Details
Closed on
Oct 25, 1995
Sold by
Mohilef Edward G
Bought by
Mohilef Edward G
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ressler Ocean Front Llc | $7,050,000 | Fidelity Natl Ttl Orange Cnt | |
| Reynolds Bradley V | $7,500,000 | First American Title Co | |
| Camp Properties Llc | -- | Ctc | |
| Covitz Carl D | -- | First American Title Ins Co | |
| Mohilef Paul S | -- | -- | |
| Mohilef David M | -- | -- | |
| Mohilef Paul S | -- | -- | |
| Mohilef Edward G | -- | -- | |
| Mohilef Paul S | -- | -- | |
| Mohilef Ethel | -- | -- | |
| Mohilef Ethel | -- | -- | |
| Mohilef Edward G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Ressler Ocean Front Llc | $4,582,000 | |
| Previous Owner | Covitz Carl D | $6,090,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/29/2020 12/29/20 | Sold | $7,050,000 | -3.4% | $2,360 / Sq Ft | |
| 12/06/2020 12/06/20 | Pending | -- | -- | -- | |
| 11/02/2020 11/02/20 | Price Changed | $7,300,000 | -3.9% | $2,444 / Sq Ft | |
| 08/10/2020 08/10/20 | For Sale | $7,599,000 | +1.3% | $2,544 / Sq Ft | |
| 07/16/2018 07/16/18 | Sold | $7,500,000 | -2.5% | $2,511 / Sq Ft | View Prior Sale |
| 05/28/2018 05/28/18 | Pending | -- | -- | -- | |
| 04/04/2017 04/04/17 | For Sale | $7,695,000 | -- | $2,576 / 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 | $86,996 | $8,598,849 | $7,340,331 | $1,258,518 |
| 2024 | $86,996 | $8,230,515 | $7,196,403 | $1,034,112 |
| 2023 | $79,585 | $7,555,520 | $7,055,298 | $500,222 |
| 2022 | $76,001 | $7,191,000 | $6,916,959 | $274,041 |
| 2021 | $74,539 | $7,050,000 | $6,781,332 | $268,668 |
| 2020 | $80,903 | $7,650,000 | $7,381,745 | $268,255 |
| 2019 | $79,209 | $7,500,000 | $7,237,004 | $262,996 |
| 2018 | $73,915 | $7,000,000 | $6,711,756 | $288,244 |
| 2017 | $74,049 | $7,000,000 | $6,711,756 | $288,244 |
| 2016 | $84,442 | $8,012,422 | $7,724,178 | $288,244 |
| 2015 | $84,926 | $8,012,422 | $7,724,178 | $288,244 |
| 2014 | $82,921 | $7,855,470 | $7,572,872 | $282,598 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
-
Ron Millar
Buyer's Agent in 2020
Ron Millar
Arbor Real Estate
(949) 233-8080
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20161501
APN: 048-212-29
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