NOT LISTED FOR SALE

Estimated Value: $6,632,000 - $13,529,044

4 Beds
5 Baths
3,503 Sq Ft
$2,878/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $12,800,000 $3,654 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $63,134/month

57 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Coastline Views
  • Newport Elementary School Rated A
  • Boat Slip
  • Primary Bedroom Suite

About This Home

As of September 2023

Craftsmanship & elegance radiate from this immaculate abode overlooking the blue waters of Newport Marina Harbor. From warm, planked flooring to sophisticated millwork, the 4 BR/5BA embellished interior is tastefully executed. The chef's kitchen, boasting high-end stainless steel appliances, drops down into a living room/dining room where floor-to-ceiling glass doors reach up to coffered ceilings & stately fireplace warms you on chilled evenings.
Blur the lines between indoor & out as salty air drifts in from the patio, landscaped lawn, & private dock. Dock can hold a 40+ vessel and side-tie for your Duffy. Gather around the outdoor fireplace & relish in laid-back California living. This home sits on a 35 ft. wide lot offering an expansive yard including brick deck & large grassy area for kids and pets to play.
Inside, a family room provides a wet bar & access to the garage and a full bath. Cherish waterfront views from the primary suite's private balcony while a fireplace & spa-like ensuite offers ultimate rest & relaxation. This timeless residence includes all furnishings, Duffy boat, golf cart & access to all of Newport Beach's finest locations.

Last Agent to Sell the Property

Gwendolyn Gamble

Pacific Sotheby’s International Realty License #00880980 Listed on: 07/11/2023

Pacific Sotheby’s International Realty

Last Buyer's Agent

Christine Greubel

Seven Gables Real Estate License #01134946

Seven Gables Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 5,634 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property fronts an alley
  • Landscaped
  • Level Lot
  • Backyard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Golf Cart Garage

Property Views

  • Coastline
  • Bay
  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Custom Home
  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,503 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar
  • Wainscoting
  • Beamed Ceilings
  • Coffered Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Propane Fireplace
  • Awning
  • Plantation Shutters
  • Drapes & Rods
  • Blinds
  • Bay Window
  • Garden Windows
  • Window Screens
  • Formal Entry
  • Separate Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Updated Kitchen
  • Double Self-Cleaning Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Pots and Pans Drawers
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 5 Full Bathrooms
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Balcony
  • Fireplace in Patio
  • Brick Porch or Patio
  • Outdoor Fireplace
  • Terrace
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Kitchen
  • Gas Water Heater
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 04824044
  • $369 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

5,634 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: All furnishings + Duffy + golf cart
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Security System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Custom Built, Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04824044
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3503.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Furnished, In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Wainscoting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom, Outside, Patio, Gas, Gas Starter, Propane
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3654.01
  • Room Type: All Bedrooms Up, Entry, Family Room, Formal Entry, Galley Kitchen, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Office, Separate Family Room, Two Masters, Walk-In Closet
  • Window Features: Bay Window(s), Blinds, Drapes, Garden Window(s), Plantation Shutters, Screens
  • Bathroom Features: Shower, Double Sinks In Master Bath, Exhaust Fan(s), Main Floor Full Bath, Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Awning(s), Barbecue Private, Boat Slip, Dock Private, Lighting
  • View: Bay, City Lights, Coastline, Neighborhood, Panoramic, Water
  • Patio And Porch Features: Brick, Deck, Patio Open, Slab, Terrace
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Paved, Garage, Garage Faces Rear, Garage - Two Door, Garage Door Opener, Golf Cart Garage, On Site
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Standard
  • Heating Type: Central, Fireplace(s), Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks, Street Lights

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Level with Street, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 5634.00
  • Lot Size Acres: 0.1293

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5634.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Sep 7, 2023
Sold by
Redmond John T
Bought by
Hirz Family Trust and Hirz
Seller's Agent
Gwendolyn Gamble
Pacific Sotheby’s International Realty
Buyer's Agent
Christine Greubel
Seven Gables Real Estate
List Price
$14,250,000
Sold Price
$12,800,000
Premium/Discount to List
-$1,450,000
-10.18%
Views
288
Current Estimated Value
$10,080,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,719,478
Avg. Annual Appreciation
-9.22%

Purchase Details

Closed on
Nov 23, 2021
Sold by
John Masterson Michael and John Arlene Roberta
Bought by
John T Redmond Family Trust

Purchase Details

Listed on
Feb 13, 2017
Closed on
Mar 11, 2017
Sold by
Lipps Ben J and Lipps Judith
Bought by
Masterson Michael John and Masterson Roberta Arlene
Seller's Agent
Velma Timmons
Abrams Coastal Properties
Buyer's Agent
Fionna Helou
Coldwell Banker Realty
List Price
$7,295,000
Sold Price
$7,115,000
Premium/Discount to List
-$180,000
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%

Purchase Details

Closed on
Mar 5, 2015
Sold by
Medley William T and Medley Paula J
Bought by
Lipps Ben J and Lipps Judith

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
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 6, 1995
Sold by
Button Sydney G
Bought by
Medley William T and Medley Paula J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hirz Family Trust $12,800,000 Chicago Title Company
John T Redmond Family Trust $11,250,000 Orange Coast Title
Masterson Michael John $7,115,000 Orange Coast Title
Lipps Ben J $6,000,000 Lawyers Title Company
Medley William T -- American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lipps Ben J $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2023 09/21/23 Sold $12,800,000 -10.2% $3,654 / Sq Ft
07/11/2023 07/11/23 For Sale $14,250,000 +26.7% $4,068 / Sq Ft
01/29/2022 01/29/22 Sold $11,250,000 -10.0% $3,212 / Sq Ft View Prior Sale
01/09/2022 01/09/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $12,500,000 +11.1% $3,568 / Sq Ft
12/30/2021 12/30/21 Off Market $11,250,000 -- --
12/30/2021 12/30/21 For Sale $12,500,000 +11.1% $3,568 / Sq Ft
12/29/2021 12/29/21 Off Market $11,250,000 -- --
11/08/2021 11/08/21 Price Changed $12,500,000 -5.7% $3,568 / Sq Ft
09/22/2021 09/22/21 Price Changed $13,250,000 -11.4% $3,782 / Sq Ft
08/28/2021 08/28/21 For Sale $14,950,000 +110.1% $4,268 / Sq Ft
04/06/2017 04/06/17 Sold $7,115,000 -2.5% $2,031 / Sq Ft View Prior Sale
02/13/2017 02/13/17 For Sale $7,295,000 +21.6% $2,083 / Sq Ft
05/28/2015 05/28/15 Sold $6,000,000 -6.2% $1,714 / Sq Ft View Prior Sale
02/25/2015 02/25/15 Pending -- -- --
05/09/2014 05/09/14 For Sale $6,395,000 -- $1,827 / 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 $135,076 $13,056,000 $12,322,642 $733,358
2024 $135,076 $12,800,000 $12,081,021 $718,979
2023 $120,672 $11,475,000 $10,710,000 $765,000
2022 $82,136 $7,781,291 $7,176,434 $604,857
2021 $64,072 $6,062,160 $5,556,980 $505,180
2020 $66,616 $6,900,000 $6,400,000 $500,000
2019 $78,110 $7,402,446 $6,827,036 $575,410
2018 $76,545 $7,257,300 $6,693,172 $564,128
2017 $66,022 $6,237,590 $5,629,470 $608,120
2016 $64,281 $6,091,500 $5,519,088 $572,412
2015 $31,141 $2,917,488 $2,454,883 $462,605
2014 $30,406 $2,860,339 $2,406,795 $453,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23124813

California Regional Multiple Listing Service (CRMLS)

APN: 048-240-44

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