NOT LISTED FOR SALE

204 E Oceanfront Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,273,000 - $4,258,000

5 Beds
3 Baths
2,500 Sq Ft
$1,415/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $5,000,000 $2,000 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $20,347/month

28 Days on Market

Highlights

  • White Water Ocean Views
  • No HOA
  • 2 Car Attached Garage
  • Newport Elementary School Rated A
  • Enclosed Patio or Porch
  • Walk-In Closet

About This Home

As of June 2021

This unique quintessential beachside property is situated on a prime lot, perfectly positioned between Newport Pier and the Balboa Pier. Each condo features breathtaking views of the surf and sand, with stunning sunsets in the evening, and a layout optimized for seamless indoor-outdoor living. The upper-level condo features an open layout with 3 bedrooms, 2 bathrooms, and a rooftop deck for entertaining. The bottom-level condo features 2 bedrooms, 1 bathroom, and opens to a private patio looking out over the boardwalk and beach. Just steps from the sand, this Balboa Peninsula property offers a serene setting with white water views of the sparkling Pacific Ocean as the backdrop of your daily life. Exquisitely designed, each single-level living space offers high-end finishes such as limestone flooring, top-of-the-line appliances, and custom cabinetry – all blending together to embody elegant coastal living. Comfortably situated in one of the most desirable areas of Southern California, this remarkable property is located just minutes from the Ferry, Fun Zone, the Wedge, and world-class shopping and dining. With the rarity of two true oceanfront condos, this property offers a once-in-a-lifetime opportunity to live in one home while renting the other or to have a separate guest home for friends and family.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 02/16/2021

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Christine Demirtshian

The Agency License #01944195

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 2,400 Sq Ft Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic
  • City Lights

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet

Outdoor Features

  • Enclosed Patio or Porch
  • Rooftop Access

Utilities

  • Central Air
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 93294106

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 93294106
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2500.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2000.00
  • Room Type: Laundry, Living Room, Master Bedroom, Walk-In Closet

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Enclosed, Front Porch, Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Laundry Features: Individual Room, Inside
  • Sewer: None
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 628.00
  • Tax Lot: 3
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Nakleh Michael
Bought by
Jameson Newport Llc
Current Estimated Value
$3,537,159

Purchase Details

Closed on
Aug 23, 2021
Sold by
Jameson Newport Llc
Bought by
Nakleh Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,467,000
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2021
Closed on
Apr 22, 2021
Sold by
Crimsonco Llc
Bought by
Nakleh Micheal
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Christine Demirtshian
The Agency
List Price
$5,295,000
Sold Price
$5,000,000
Premium/Discount to List
-$295,000
-5.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.26%
Original Mortgage
$1,499,999
Interest Rate
5.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2015
Sold by
Nickum David F and Nickum Lisa A
Bought by
Crimsonco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2014
Sold by
Milano Sheila I
Bought by
Nickum David F and Nickum Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2004
Sold by
Milano Sheila I
Bought by
Milano Sheila I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,000
Interest Rate
5.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 11, 2003
Sold by
Milano Thomas J
Bought by
Milano Sheila I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Boyer Tom
Bought by
Milano Sheila I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Buckelew Larry C and Buckelew Elizabeth H
Bought by
Boyer Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2002
Sold by
Buckelew Larry and Buckelew Elizabeth
Bought by
Buckelew Larry C and Buckelew Elizabeth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2002
Sold by
Mcgwire Mark D
Bought by
Buckelew Larry and Buckelew Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
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
Jameson Newport Llc -- Fidelity National Title
Nakleh Michael -- Lawyers Title
Nakleh Micheal $3,044,500 Lawyers Title
Nakleh Michael $1,956,000 Lawyers Title
Crimsonco Llc -- North American Title
Nickum David F $1,500,000 First American Title Company
Milano Sheila I -- --
Milano Sheila I -- Chicago Title
Milano Sheila I -- Equity Title Company
Milano Sheila I $1,200,000 Equity Title Company
Boyer Tom $1,200,000 Equity Title Company
Buckelew Larry C -- Chicago Title Co
Buckelew Larry $1,825,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nakleh Michael $1,467,000
Previous Owner Nakleh Michael $1,499,999
Previous Owner Crimsonco Llc $2,500,000
Previous Owner Nickum David F $975,000
Previous Owner Milano Sheila I $537,000
Previous Owner Milano Sheila I $540,000
Previous Owner Boyer Tom $845,000
Previous Owner Buckelew Larry $950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $5,000,000 -5.6% $2,000 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $5,295,000 -- $2,118 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $22,445 $2,117,128 $1,966,514 $150,614
2024 $22,445 $2,075,616 $1,927,955 $147,661
2023 $22,055 $2,034,918 $1,890,152 $144,766
2022 $21,648 $1,995,018 $1,853,090 $141,928
2021 $18,056 $1,640,468 $1,495,550 $144,918
2020 $17,885 $1,623,648 $1,480,215 $143,433
2019 $17,531 $1,591,812 $1,451,191 $140,621
2018 $17,218 $1,560,600 $1,422,736 $137,864
2017 $16,920 $1,530,000 $1,394,839 $135,161
2016 $16,558 $1,500,000 $1,367,489 $132,511
2015 $16,732 $1,500,000 $1,367,489 $132,511
2014 $15,443 $1,391,796 $1,252,288 $139,508
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2021

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    18 in this area

    116 Total Sales

    Kim Bibb
    Section Image

  • C

    Buyer's Agent in 2021

    Christine Demirtshian

    The Agency

    (877) 663-9366

    1 in this area

    7 Total Sales

    Christine Demirtshian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21032241

California Regional Multiple Listing Service (CRMLS)

APN: 932-941-06

California Orange County Newport Beach 92661 Central Newport Beach

204 E Oceanfront, Newport Beach, CA

Not Listed for Sale

Detached

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