Seller's Agent in 2013
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
8 in this area
67 Total Sales
20 Bay Island Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $7,615,000
4
Beds
4.5
Baths
3,504
Sq Ft
$2,173/Sq Ft
Est. Value
Highlights
- Beach Front
- Boat Dock
- Primary Bedroom Suite
- Newport Elementary School Rated A
- Coastline Views
- Cape Cod Architecture
About This Home
As of June 2013This gracious Bay Island home was designed by renowned architect Gilbert Stanley Underwood, creator of Yosemite's Ahwahnee Hotel and Bryce Canyon Lodge. Lovingly restored and modernized in 2004, the home is filled with its original character and charm, gleaming hardwood floors and shiny white paneled walls, and upgraded with every amenity for 21st century living. Originally a gun club in the early 1900’s for the wealthy of Southern California, Bay Island today is a small, private sanctuary consisting of 23 residences with a commonly owned tennis court, caretaker’s cottage, lush formal gardens, mature trees and wide private beach. Situated in the heart of Newport Harbor, with commanding views of the Harbor's main turning basin, and snow-capped Saddleback Mountain, this home features an elegant kitchen, formal dining room, covered porch, living room with a brick fireplace, luxurious master suite with a marble bath, three additional family bedrooms, and a private pier and 3 boat slips, one of which can accomodate a boat to 65'.
Last Agent to Sell the Property
Pacific Sotheby’s International Realty License #00936421 Listed on: 02/28/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,748,364
Year Built
- Built in 1930
Lot Details
- 3,480 Sq Ft Lot
- Beach Front
- Property Fronts a Bay or Harbor
- Home fronts a canal
HOA Fees
- $2,587 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Property Views
- Coastline
- Bay
- Harbor
- Views of a pier
- Bridge
Home Design
- Cape Cod Architecture
- Traditional Architecture
Interior Spaces
- 3,504 Sq Ft Home
- Great Room
- Living Room with Fireplace
- Wood Flooring
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Double Master Bedroom
Additional Features
- Docks
- Central Heating
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 04804002
Community Details
Overview
- Bay Island Association
Recreation
- Boat Dock
- Pier or Dock
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 4, 2002
Sold by
Cutler Frank
Bought by
Cutler Frank
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 10, 1995
Sold by
Fluter Leeann
Bought by
Fluter Russell E
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cutler Frank | -- | Chicago Title Co | |
| Fluter Russell E | -- | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Gannon Daniel J | $3,000,000 | |
| Closed | Mckeehan Burr | $200,000 | |
| Closed | Ray James W | $2,500,000 | |
| Closed | Mckeehan Burr | $2,425,000 | |
| Closed | Ray James W | $2,725,000 | |
| Closed | Collins Budge | $300,000 | |
| Closed | Cutler Frank W | $7,875,000 | |
| Closed | Collins Budge | $700,000 | |
| Closed | Mckeehan Burr | $1,995,000 | |
| Closed | Cutler Frank | $6,000,000 | |
| Closed | Fluter Russell E | $650,000 | |
| Closed | Fletcher Douglas B | $1,365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2013 06/04/13 | Sold | $6,400,000 | -4.4% | $1,826 / Sq Ft |
| 05/21/2013 05/21/13 | Pending | -- | -- | -- |
| 02/28/2013 02/28/13 | For Sale | $6,695,000 | -- | $1,911 / 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 | $1,748,364 | $179,886,321 | $162,417,006 | $17,469,315 |
| 2024 | $1,748,364 | $166,139,788 | $149,797,695 | $16,342,093 |
| 2023 | $1,662,817 | $158,600,066 | $143,305,761 | $15,294,305 |
| 2022 | $1,602,031 | $152,300,028 | $138,070,640 | $14,229,388 |
| 2021 | $1,484,468 | $141,094,105 | $128,256,244 | $12,837,861 |
| 2020 | $1,333,613 | $126,669,774 | $115,378,482 | $11,291,292 |
| 2019 | $1,269,865 | $120,790,424 | $109,890,564 | $10,899,860 |
| 2018 | $1,244,319 | $118,421,998 | $107,735,848 | $10,686,150 |
| 2017 | $1,223,841 | $116,253,709 | $105,761,295 | $10,492,414 |
| 2016 | $1,032,956 | $98,428,909 | $88,921,951 | $9,506,958 |
| 2015 | $1,023,179 | $96,939,552 | $87,586,261 | $9,353,291 |
| 2014 | $862,202 | $82,029,779 | $72,583,886 | $9,445,893 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
-
Evan Corkett
Seller Co-Listing Agent in 2013
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
6 in this area
43 Total Sales
-
Tim Smith
Buyer's Agent in 2013
Tim Smith
Coldwell Banker Realty
(949) 717-4711
13 in this area
705 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG13032566
APN: 048-040-02
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