2054 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $5,786,000 - $10,260,167
5
Beds
5.5
Baths
3,619
Sq Ft
$2,101/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Primary Bedroom Suite
- Newport Elementary School Rated A
- Property has ocean access
- 3-minute walk to West Jetty View Park
About This Home
As of June 2020An inspired remodel by interior designer, Tracey McKee, has transformed this Balboa Peninsula Point oceanfront home into a ultra-luxurious Seaside Villa. Reimagining its classic architecture and opening up its floor plan, the designer has created stylish interiors with a “coastal” palette of colors and finish materials that complement and highlight the home’s endless views of the ocean and sandy beach. With its wall of retracting sliding glass doors open, the home’s great room and seaside deck become one large indoor out door space; the great room features reclaimed wood beam ceilings, a fireplace, bookcases, dining area and a richly appointed kitchen with professional grade stainless steel appliances, custom cabinetry, Copper hood and sink, and stone countertops, while its spacious seaside deck has an alfresco dining area, fireplace, and built-in BBQ. The upstairs of the home is highlighted by the waterfront master suite with its retreat, fireplace, and stylish bath with white marble countertops, shower, tub and spacious closet. There are also three beautiful bedrooms with marble en-suite baths and an extraordinary roof top deck with a fireplace & breathtaking views of the world famous surfing spot, the Wedge. Other features include a main floor bedroom and bath, a powder bath & 3-car attached garage. The “seaside inspired” palette of finish materials includes limestone, copper, marble, granite, stainless steel, wrought iron, & hardwoods. Possibly purchased fully furnished.
Last Agent to Sell the Property
Pacific Sotheby’s International Realty License #00936421 Listed on: 06/18/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $116,590
Year Built
- Built in 2005
Lot Details
- 3,200 Sq Ft Lot
- Lot Dimensions are 40 x 80
- Beach Front
- South Facing Home
- Block Wall Fence
- Stucco Fence
- Paved or Partially Paved Lot
- Sprinkler System
Parking
- 3 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Bay
- Catalina
- Panoramic
Home Design
- Custom Home
- Mediterranean Architecture
- Turnkey
- Slab Foundation
- Tile Roof
- Stone Siding
- Copper Plumbing
Interior Spaces
- 3,619 Sq Ft Home
- Open Floorplan
- Beamed Ceilings
- Cathedral Ceiling
- French Doors
- Sliding Doors
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Carbon Monoxide Detectors
Kitchen
- Dumbwaiter
- Eat-In Kitchen
- Double Self-Cleaning Oven
- Electric Oven
- Six Burner Stove
- Built-In Range
- Free-Standing Range
- Range Hood
- Freezer
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Primary Bedroom on Main
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Stone Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Property has ocean access
- Stone Porch or Patio
- Outdoor Fireplace
- Exterior Lighting
- Outdoor Grill
Utilities
- Zoned Heating and Cooling
- Heating System Uses Natural Gas
- 220 Volts in Garage
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 518
- Assessor Parcel Number 04826217
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2020
Closed on
Jun 25, 2020
Sold by
Buntmann Mary E and Buntmann Gary
Bought by
Miller Robert G and Miller Sharon L
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Spyro Kemble
Surterre Properties Inc.
List Price
$10,750,000
Sold Price
$10,250,000
Premium/Discount to List
-$500,000
-4.65%
Total Days on Market
8
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
-$2,644,944
Avg. Annual Appreciation
-5.89%
Purchase Details
Listed on
May 5, 2012
Closed on
Aug 15, 2012
Sold by
Rk Balboa Llc
Bought by
Buntmann Mary E and Buntmann Gary
Seller's Agent
Chris Brigandi
Arbor Real Estate
Buyer's Agent
Steve High
Pacific Sotheby’s International Realty
List Price
$6,995,000
Sold Price
$6,850,000
Premium/Discount to List
-$145,000
-2.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$4,891,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 6, 2008
Sold by
Newell Byron B and Newell Cheryl A
Bought by
Rk Balboa Llc
Purchase Details
Closed on
May 1, 2007
Sold by
Newell Byron B and Newell Cheri
Bought by
Newell Byron B and Newell Cheryl A
Purchase Details
Closed on
Oct 25, 2004
Sold by
Newell Byron B and Newell Cheryl A
Bought by
Newell Byron B and Newell Cheri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 16, 2004
Sold by
Newell Byron B and Newell Cheryl Cameron
Bought by
Newell Byron B and Newell Cheryl A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.86%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 21, 2002
Sold by
Rodrigue Gary B and Allbright Aaron B
Bought by
Newell Bryon B and Newell Cheryl Cameron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,444,000
Interest Rate
6.94%
Purchase Details
Closed on
May 28, 1998
Sold by
Rodrigue Gary B and Rodrigue Ron B
Bought by
Allbright Aaron B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
7.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 14, 1995
Sold by
Mulholland Lois A and Feldmann Betty Holifield
Bought by
Rodriguez Gary B and Albright Ron B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,950
Interest Rate
6.5%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Miller Robert G | $10,250,000 | Chicago Title | |
| Buntmann Mary E | $6,850,000 | Stewart Title Irvine | |
| Rk Balboa Llc | $10,150,000 | Progressive Title Company | |
| Newell Byron B | -- | None Available | |
| Newell Byron B | -- | Commonwealth Title | |
| Newell Byron B | -- | Commonwealth Land Title | |
| Newell Bryon B | $3,760,000 | Commonwealth Land Title | |
| Allbright Aaron B | -- | -- | |
| Rodrigue Gary B | -- | -- | |
| Rodriguez Gary B | $1,350,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Buntmann Mary E | $962,980 | |
| Previous Owner | Buntmann Mary E | $4,891,650 | |
| Previous Owner | Buntmann Mary E | $4,891,000 | |
| Previous Owner | Newell Byron B | $3,000,000 | |
| Previous Owner | Newell Byron B | $3,000,000 | |
| Previous Owner | Newell Bryon B | $2,444,000 | |
| Previous Owner | Rodrigue Gary B | $1,650,000 | |
| Previous Owner | Rodrigue Gary B | $1,225,000 | |
| Previous Owner | Rodriguez Gary B | $999,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2020 06/30/20 | Sold | $10,250,000 | -4.7% | $2,832 / Sq Ft |
| 06/18/2020 06/18/20 | For Sale | $10,750,000 | +56.9% | $2,970 / Sq Ft |
| 08/18/2012 08/18/12 | Sold | $6,850,000 | -2.1% | $1,713 / Sq Ft |
| 08/03/2012 08/03/12 | Pending | -- | -- | -- |
| 05/05/2012 05/05/12 | For Sale | $6,995,000 | -- | $1,749 / 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 |
|---|---|---|---|---|
| 2024 | $116,590 | $11,043,110 | $10,057,719 | $985,391 |
| 2023 | $113,330 | $10,774,579 | $9,860,509 | $914,070 |
| 2022 | $111,470 | $10,563,313 | $9,667,165 | $896,148 |
| 2021 | $109,325 | $10,356,190 | $9,477,613 | $878,577 |
| 2020 | $81,566 | $7,712,994 | $6,824,183 | $888,811 |
| 2019 | $79,859 | $7,561,759 | $6,690,375 | $871,384 |
| 2018 | $78,260 | $7,413,490 | $6,559,191 | $854,299 |
| 2017 | $76,872 | $7,268,128 | $6,430,579 | $837,549 |
| 2016 | $75,135 | $7,125,616 | $6,304,489 | $821,127 |
| 2015 | $74,435 | $7,018,583 | $6,209,790 | $808,793 |
| 2014 | $72,678 | $6,881,099 | $6,088,149 | $792,950 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
Seller's Agent in 2020
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
4 in this area
72 Total Sales
-
Evan Corkett
Seller Co-Listing Agent in 2020
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
3 in this area
51 Total Sales
-
Spyro Kemble
S
Buyer's Agent in 2020
Spyro Kemble
Surterre Properties Inc.
(949) 689-8377
1 in this area
7 Total Sales
-
Chris Brigandi
Seller's Agent in 2012
Chris Brigandi
Arbor Real Estate
(949) 910-6005
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG20118110
APN: 048-262-17
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