1706 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,123,000 - $17,718,593
5
Beds
8
Baths
4,274
Sq Ft
$2,281/Sq Ft
Est. Value
Highlights
- Ocean Front
- New Construction
- Cape Cod Architecture
- Newport Elementary School Rated A
- Spa
- Living Room with Fireplace
About This Home
As of May 2024Introducing 1706 E Oceanfront, a luxurious beachfront oasis in Newport Beach, CA. With stunning views of the Pacific Ocean and a prime location near The Wedge and Newport Harbor. This state-of-the-art home offers the ultimate coastal living experience. Featuring 5 bedrooms, 6 full bathrooms, and 2 half bathrooms, this spacious property ensures comfort for both residents and guests. The oversized lot provides privacy, with no public boardwalk in front. Enjoy panoramic views of Catalina Island, Emerald Bay, Laguna Beach, and the Fashion Island Newport Center Skyline. This new construction masterpiece, completed in July 2019, boasts impeccable architecture by Sinclair Associates. The seamless indoor/outdoor living spaces, created by custom steel windows and sliding panel/pocket doors handcrafted by Riviera Bronze, perfectly capture the coastal ambiance. Inside, you'll find exquisite architectural millwork, custom mahogany solid panel interior doors, and smart home automation for convenience.With remote-controlled shades, French Oak flooring, and a luxurious three- story skylit stairway, this home exudes elegance and includes an elevator for easy accessibility. Not to mention, a limestone patio offers direct beach access for the ultimate beachfront lifestyle.
Last Agent to Sell the Property
Christie's International Real Estate SoCal License #01720454 Listed on: 11/21/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $93,503
Year Built
- Built in 2019 | New Construction
Lot Details
- 3,200 Sq Ft Lot
- Lot Dimensions are 40x80
- Ocean Front
- Gated Home
Parking
- 2 Parking Spaces
Home Design
- Cape Cod Architecture
- Split Level Home
Interior Spaces
- 4,274 Sq Ft Home
- 3-Story Property
- Elevator
- Formal Entry
- Separate Family Room
- Living Room with Fireplace
- 4 Fireplaces
- Home Office
- Library
- Wood Flooring
- Ocean Views
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry Room
- Washer
Outdoor Features
- Spa
- Open Patio
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Water Purifier
- Water Conditioner
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 048-212-30
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 21, 2023
Closed on
Mar 21, 2024
Sold by
Burcher Family Trust and Burcher Patrick S
Bought by
Djpj Limited Partnership
Seller's Agent
Josh Morrow
Christie's International Real Estate SoCal
Buyer's Agent
Tara McNabb
Compass
List Price
$25,500,000
Sold Price
$17,650,000
Premium/Discount to List
-$7,850,000
-30.78%
Total Days on Market
116
Views
325
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
-$7,901,136
Avg. Annual Appreciation
-43.49%
Original Mortgage
$8,850,000
Interest Rate
6.64%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 14, 2018
Sold by
Burcher Patrick S and Burcher Rosemary E
Bought by
Burcher Patrick S and Burcher Rosemary E
Purchase Details
Closed on
Jun 21, 2016
Sold by
Covitz Properties Llc
Bought by
Burcher Patrick S and Burcher Rosemary E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,462,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 26, 2011
Sold by
Covitz Carl D and Covitz Aviva H
Bought by
Covitz Properties Llc
Purchase Details
Closed on
Apr 26, 2011
Sold by
Covitz Properties Llc
Bought by
Covitz Carl D and Covitz Aviva H
Purchase Details
Closed on
Nov 13, 2009
Sold by
Covitz Carl D and Covitz Aviva H
Bought by
Covitz Properties Llc
Purchase Details
Closed on
Mar 24, 2005
Sold by
Covitz Carl D and Covitz Aviva H
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
$500,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 5, 2003
Sold by
Covitz Carl D and Covitz Aviva H
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
$2,510,313
Interest Rate
4.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 17, 2002
Sold by
Covitz Carl D and Covitz Aviva H
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
$906,000
Interest Rate
6.89%
Purchase Details
Closed on
Nov 5, 1998
Sold by
Aviva Covitz and Aviva Carl D
Bought by
Covitz Carl D and Covitz Aviva H
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Djpj Limited Partnership | $17,650,000 | Socal Title Company | |
| Burcher Patrick S | -- | None Available | |
| Burcher Patrick S | -- | None Available | |
| Burcher Patrick S | $6,375,000 | Lawyers Title Insurance Corp | |
| Burcher Patrick S | $6,375,000 | Lawyers Title Company | |
| Covitz Properties Llc | -- | Accommodation | |
| Covitz Carl D | -- | Chicago | |
| Covitz Properties Llc | -- | Accommodation | |
| Covitz Carl D | -- | -- | |
| Covitz Carl D | -- | United Title Company | |
| Covitz Carl D | -- | Landsafe Title | |
| Covitz Carl D | -- | -- | |
| Covitz Carl D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Burcher Family Trust | $8,850,000 | |
| Previous Owner | Burcher Patrick S | $4,232,900 | |
| Previous Owner | Burcher Patrick S | $2,000,000 | |
| Previous Owner | Burcher Patrick S | $4,462,500 | |
| Previous Owner | Covitz Carl D | $3,300,000 | |
| Previous Owner | Covitz Carl D | $500,000 | |
| Previous Owner | Covitz Carl D | $3,500,000 | |
| Previous Owner | Covitz Carl D | $3,650,000 | |
| Previous Owner | Covitz Carl D | $500,000 | |
| Previous Owner | Covitz Carl D | $500,000 | |
| Previous Owner | Covitz Carl D | $2,510,313 | |
| Previous Owner | Covitz Carl D | $2,500,000 | |
| Previous Owner | Covitz Carl D | $906,000 | |
| Previous Owner | Covitz Carl D | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2024 05/14/24 | Sold | $17,650,000 | -24.9% | $4,130 / Sq Ft |
| 03/16/2024 03/16/24 | Pending | -- | -- | -- |
| 01/26/2024 01/26/24 | Price Changed | $23,500,000 | -7.8% | $5,498 / Sq Ft |
| 11/21/2023 11/21/23 | For Sale | $25,500,000 | -- | $5,966 / Sq Ft |
Source: The MLS
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 | $93,503 | $8,855,917 | $7,142,452 | $1,713,465 |
| 2023 | $91,323 | $8,682,272 | $7,002,404 | $1,679,868 |
| 2022 | $89,821 | $8,512,032 | $6,865,102 | $1,646,930 |
| 2021 | $88,092 | $8,345,130 | $6,730,492 | $1,614,638 |
| 2020 | $87,321 | $8,259,561 | $6,661,479 | $1,598,082 |
| 2019 | $80,731 | $7,644,773 | $6,530,862 | $1,113,911 |
| 2018 | $67,639 | $6,402,806 | $6,402,806 | $0 |
| 2017 | $67,711 | $6,375,000 | $6,277,261 | $97,739 |
| 2016 | $24,307 | $2,252,818 | $2,137,276 | $115,542 |
| 2015 | $24,103 | $2,218,979 | $2,105,172 | $113,807 |
| 2014 | $23,462 | $2,175,513 | $2,063,935 | $111,578 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Morrow
Seller's Agent in 2024
Josh Morrow
Christie's International Real Estate SoCal
(424) 249-7162
1 in this area
59 Total Sales
-
Aaron Kirman
Seller Co-Listing Agent in 2024
Aaron Kirman
Christie's International Real Estate SoCal
(424) 249-7162
2 in this area
289 Total Sales
-
Tara McNabb
Buyer's Agent in 2024
Tara McNabb
Compass
(949) 500-3910
5 in this area
93 Total Sales
Map
Source: The MLS
MLS Number: 23-334075
APN: 048-212-30
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