$6,995,000
SOLD JUN 6, 2018
3 Beds
4.5 Baths
3,292 Sq Ft
3,200 Sq Ft Lot

Recently Sold

$2,125 Per Sq Ft

6% Below List Price

29 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Spa
  • Newport Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to West Jetty View Park

About This Home

As of December 2020

This sun-drenched, 1980’s built, Balboa Peninsula Point, oceanfront, Contemporary-style home is located steps from Newport Beach’s iconic surf spot, the Wedge. Perfectly located on the pristine white sands of this extraordinary beach, the home has spectacular unobstructed white water, ocean, and Santa Catalina Island views. The home features floor to ceiling glass doors and windows, a large living room with oak hardwood floors and a marble fireplace, a formal dining area; a galley kitchen with a Subzero refrigerator, Oak cabinets, and stainless steel appliances, a laundry room, a powder bath and a two-car attached garage. The upstairs of the home features an elegant master bedroom with his and her separate baths, an office, two-additional bedrooms, one with an en-suite bath, another full bath and a huge architectural skylight that floods the home with natural sunlight. The home has three spectacular view decks located on the primary living level, the oceanside master bedroom and on the roof top. All of the fun of Newport Beach is out your front door including, swimming, sailing, surfing, paddle boarding, body surfing, bike riding, the world-famous boardwalk and Fun Zone, Balboa Village, the Balboa Island Ferry, and the fine dining, restaurants and night-life of the Balboa Peninsula. Opportunities await with this property, you may live in it “as-is,” remodel, or rebuild the home of your dreams.

Last Agent to Sell the Property

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496 Listed on: 04/05/2018

Pacific Sotheby's Int'l Realty

Co-Listed By

Steve High

Pacific Sotheby’s International Realty License #00936421

Last Buyer's Agent

NEIL TURNER

POINTE REAL ESTATE INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,164

Year Built

  • Built in 1980

Lot Details

  • 3,200 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • Wood Fence
  • Stucco Fence
  • Fence is in average condition
  • Level Lot
  • Irregular Lot

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Parking Lot

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Views of a pier
  • Catalina
  • Panoramic
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,292 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Raised Hearth
  • Gas Fireplace
  • Blinds
  • Window Screens
  • Sliding Doors
  • Atrium Doors
  • Entryway
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Formal Dining Room
  • Home Office
  • Utility Room
  • Wood Flooring
  • Home Security System

Kitchen

  • Open to Family Room
  • Electric Oven
  • Self-Cleaning Oven
  • Indoor Grill
  • Gas Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Tile Bathroom Countertop
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Spa Bath
  • Separate Shower
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Spa
  • Property has ocean access
  • Ocean Side of Highway 1
  • Balcony
  • Wood Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 518
  • Assessor Parcel Number 04828227

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,164

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Security: Security System
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828227
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3292.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Living Room Deck Attached, Recessed Lighting, Tile Counters, Track Lighting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Atrium Doors, Sliding Doors
  • Eating Area: Dining Ell, Separated
  • Fireplace Features: Gas, Gas Starter, Great Room, Raised Hearth
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2124.85
  • Room Type: All Bedrooms Up, Entry, Kitchen, Laundry, Master Bathroom, Master Bedroom, Office, Utility Room, Walk-In Closet
  • Spa Features: Bath
  • Window Features: Blinds, Screens, Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Closet In Bathroom, Jetted Tub, Linen Closet/Storage, Separate Tub And Shower, Tile Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Harbor, Neighborhood, Ocean, Panoramic, Pier, Water, White Water
  • Fence: Yes
  • Fencing: Average Condition, Stucco Wall, Wood
  • Patio And Porch Features: Deck, Roof Top, Wood
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: Yes
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door, Parking Space
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Gas Range, Gas Water Heater, Indoor Grill, Refrigerator, Self Cleaning Oven
  • Electric: 220 Volts in Laundry
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • 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: Level with Street, Irregular Lot, Level
  • Lot Size Sq Ft: 3200.00

Multi Family

  • Lease Considered: Yes
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 9
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Dec 3, 2020
Sold by
Manhattan West Real Estate Spv Vi Lp
Bought by
Brown Gregory Paul and Gregory Paul Brown Trust
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$8,495,000
Sold Price
$7,950,000
Premium/Discount to List
-$545,000
-6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.81%
Original Mortgage
$4,372,500
Outstanding Balance
$3,833,525
Interest Rate
1.75%
Mortgage Type
New Conventional
Estimated Equity
$3,817,517

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 18, 2018
Sold by
Poole David A
Bought by
Manhattan West Real Estate Spv Vi Lp
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
NEIL TURNER
POINTE REAL ESTATE INC.
List Price
$7,450,000
Sold Price
$6,995,000
Premium/Discount to List
-$455,000
-6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Original Mortgage
$426,562
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 1995
Sold by
Spurzem Richard H
Bought by
Spurzem Richard H and The 1995 Richard H Spurzem Revocable Tr

Purchase Details

Closed on
Dec 22, 1994
Sold by
Spurzem Richard H
Bought by
Spurzem Richard H
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $7,950,000 Chicago Title
Grant Deed $6,995,000 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,372,500 New Conventional
Previous Owner $426,562 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $12,995,000 -6.5% $3,930 / Sq Ft
03/30/2025 03/30/25 For Sale $13,900,000 +74.8% $4,203 / Sq Ft
12/31/2020 12/31/20 Sold $7,950,000 -6.4% $2,415 / Sq Ft
06/17/2020 06/17/20 For Sale $8,495,000 +21.4% $2,580 / Sq Ft
06/06/2018 06/06/18 Sold $6,995,000 -6.1% $2,125 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $7,450,000 -- $2,263 / 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 $89,164 $8,605,335 $8,016,340 $588,995
2024 $89,164 $8,436,603 $7,859,156 $577,447
2023 $87,087 $8,271,180 $7,705,055 $566,125
2022 $79,282 $7,502,980 $6,932,629 $570,351
2021 $77,757 $7,355,863 $6,796,695 $559,168
2020 $76,982 $7,277,598 $6,727,004 $550,594
2019 $75,371 $7,134,900 $6,595,101 $539,799
2018 $13,306 $1,239,374 $805,506 $433,868
2017 $13,070 $1,215,073 $789,712 $425,361
2016 $12,777 $1,191,249 $774,228 $417,021
2015 $12,654 $1,173,356 $762,599 $410,757
2014 $12,355 $1,150,372 $747,661 $402,711
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18075535

California Regional Multiple Listing Service (CRMLS)

APN: 048-282-27