NOT LISTED FOR SALE

Estimated Value: $4,080,000 - $5,544,000

4 Beds
4 Baths
2,241 Sq Ft
$2,118/Sq Ft Est. Value

Sale Details

Date Sold: January 6, 2025

Last sale price $4,437,500 $1,980 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $31,013 / mo

50 Days on Market

Highlights

  • Marina
  • Attached Guest House
  • Ocean Side of Highway 1
  • Abraham Lincoln Elementary School Rated A
  • Fishing
  • 3-minute walk to Balboa Island Park

About This Home

As of January 2025

Welcome to 205 Garnet Avenue, Newport Beach! Nestled in the tranquil part of Balboa Island, just north of the charming Balboa Ferry, this stunning four-bedroom, four-bathroom home offers 2,241 square feet of luxurious living space on a 2,550-square-foot lot. The home is situated on a street that is notably wider than many others in the area, providing a more spacious and open feel. The underground assessment has already been paid, adding extra value and peace of mind to this remarkable property. Recently remodeled by HGTV stars The Flipping El Moussas, this pristine home is filled with designer touches and an abundance of natural light that will leave you in awe. Step inside to discover wide plank white oak flooring that flows seamlessly throughout, offering both beauty and ease of maintenance. The chef's kitchen is a true showstopper, featuring white shaker cabinets, stunning countertops and backsplash, a custom hood vent, and high-end appliances—perfect for culinary enthusiasts. The primary suite is an impressive oasis with vaulted ceilings, a cozy fireplace, a private balcony, a large custom-tiled shower, and a new vanity. The secondary bedrooms are equally inviting, offering ample closet space and the same elegant white oak flooring. All bathrooms have been beautifully appointed with new vanities and custom-tiled showers. Embrace California's indoor/outdoor living by opening the Dutch door or enjoying your morning coffee on the spacious front patio or one of the multiple balconies. Additional features include a versatile bonus room and full bath downstairs that can be converted into a fifth bedroom. There is also a secondary entrance to the back half of the upstairs, providing an opportunity for a 1-bedroom, 1-bath attached Junior ADU rental unit if desired. With its prime location in a quiet part of the island and impeccable design, this home is perfect for entertaining or enjoying the relaxing coastal lifestyle. Don't miss out on this remarkable property—schedule your visit today!

Last Agent to Sell the Property

Summer Perry

Compass Brokerage Phone: 949-375-9074 License #01882790 Listed on: 10/09/2024

Compass

Co-Listed By

Jessica Bailey

Compass Brokerage Phone: 949-375-9074 License #01990301

Last Buyer's Agent

Dean Lueck

Compass License #01752859

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • No Driveway

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Fire Rated Drywall
  • Board and Batten Siding

Interior Spaces

  • 2,241 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Chair Railings
  • Crown Molding
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Den
  • Bonus Room
  • Storage
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Eat-In Galley Kitchen
  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Quartz Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Stone Bathroom Countertops
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Humidity Controlled

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Front Porch

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Schools

  • Harbor View Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Water Purifier
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 15 / 4
  • Tax Tract Number 99
  • Assessor Parcel Number 05002211
  • $380 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Recreation

  • Marina
  • Fishing

Home Details

Home Type

Single Family

Year Built

Built in 1979 | Remodeled

Lot Details

2,550 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Seller would prefer to sell their personal property i.e. furniture, kitchen accessories and linens. Underground assessment has been paid.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05002211
  • Year Built: 1979
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2241.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Chair Railings, Crown Molding, High Ceilings, Living Room Deck Attached, Open Floorplan, Quartz Counters, Recessed Lighting, Stone Counters, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Nook, Family Kitchen, In Family Room, In Living Room
  • Entry Level: 1
  • Fireplace Features: Guest House, Living Room, Primary Bedroom, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1980.14
  • Room Type: Bonus Room, Den, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Shower In Tub, Exhaust Fan(s), Humidity Controlled, Jetted Tub, Main Floor Full Bath, Remodeled, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Attached
  • View: Neighborhood
  • Patio And Porch Features: Deck, Patio, Porch, Front Porch, Stone
  • Pool Private: No
  • Spa: No
  • Construction Materials: Board & Batten Siding, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Rear, Garage - Two Door, No Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Water Line to Refrigerator, Water Purifier
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Schools

  • Elementary School: Harbor View
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: HARVIE
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Fishing in Community, Marina in Community, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 630.06
  • Tax Lot: 15
  • Tax Tract Number: 99
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Nov 27, 2024
Sold by
Bought by
Seller's Agent
Summer Perry
Compass
Buyer's Agent
Dean Lueck
Compass
List Price
$4,595,000
Sold Price
$4,437,500
Premium/Discount to List
-$157,500
-3.43%
Views
43
Current Estimated Value
$5,073,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,892
Avg. Annual Appreciation
4.56%
Original Mortgage
$1,400,000
Interest Rate
0.0575%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 5, 2023
Sold by
Bought by
Seller's Agent
Adam Lindholm
Century 21 Masters
Buyer's Agent
Summer Perry
Compass
List Price
$3,999,900
Sold Price
$3,999,900
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$2,799,930
Interest Rate
0.0673%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,490,650
Interest Rate
0.053%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 28, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,175,000 Chicago Title
$4,000,000 Chicago Title Company
$2,825,000 Chicago Title
-- None Available
$595,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,400,000
Closed $2,799,930
Closed $2,490,650
Closed $388,000
Closed $356,500
Closed $469,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2025 01/06/25 Sold $4,437,500 -3.4% $1,980 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/09/2024 10/09/24 For Sale $4,595,000 +14.9% $2,050 / Sq Ft
04/25/2023 04/25/23 Sold $3,999,900 0.0% $1,785 / Sq Ft View Prior Sale
03/27/2023 03/27/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $3,999,900 -- $1,785 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $43,322 $4,161,495 $3,800,229 $361,266
2024 $43,322 $4,079,898 $3,725,715 $354,183
2023 $29,995 $2,825,000 $2,499,316 $325,684
2022 $10,092 $931,442 $591,086 $340,356
2021 $9,898 $913,179 $579,496 $333,683
2020 $9,802 $903,816 $573,554 $330,262
2019 $9,602 $886,095 $562,308 $323,787
2018 $9,411 $868,721 $551,282 $317,439
2017 $9,244 $851,688 $540,473 $311,215
2016 $9,037 $834,989 $529,876 $305,113
2015 $8,950 $822,447 $521,917 $300,530
2014 $8,738 $806,337 $511,693 $294,644
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24196311

California Regional Multiple Listing Service (CRMLS)

APN: 050-022-11

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