NOT LISTED FOR SALE

Estimated Value: $5,314,000 - $30,939,640

6 Beds
10 Baths
9,867 Sq Ft
$1,837/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $22,300,000 $2,260 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $114,759/month

119 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Heated In Ground Pool
  • Newport Elementary School Rated A
  • Home Theater
  • 4-minute walk to West Jetty View Park

About This Home

As of April 2021

One of the most extraordinary homes on the bayfront, this newly constructed masterpiece is ideally positioned at the mouth of Newport Harbor and designed with the utmost quality of craftsmanship and material. Modern Farmhouse in style with French limestone, Riviera Bronze windows and wood beamed ceilings, the property is fitted with custom finishes and cutting-edge technologies throughout – Lutron lighting with Savant Smart Home Automation, custom variable depth pool with buoyancy lift, 2,000+ sq. ft. subterranean garage with turnstile, just to name a few. The nearly 10,000 sq. ft. residence, fashioned with a 400-year old reclaimed beam stairwell, features six bedrooms and ten bathrooms including separate guest quarters with private access, a great room with Cypress paneled entertainer’s kitchen, wine room & bar, master bedroom with adjoining screening room, gentlemen’s loft and private office with 270-degree bay views. The subterranean level, cleverly designed with loads of natural light, is dedicated to spa amenities – salt cave, hydrotherapy, Swedish dry sauna, gym, rock climbing wall, laundry room and juice bar. Private docks can accommodate up to 59’ and 80' vessels plus room for a small third. At the Balboa House, look no further for the ultimate in Newport Beach luxury living.

Last Agent to Sell the Property

Michelle Linovitz

Pacific Sotheby's Int'l Realty License #01864077 Listed on: 11/05/2020

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Michelle Linovitz

Pacific Sotheby's Int'l Realty License #01864077 Listed on: 11/05/2020

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018

Lot Details

  • 9,601 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Sprinkler System

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Driveway
  • Controlled Entrance

Property Views

  • Bay
  • Harbor
  • City Lights

Home Design

  • Turnkey

Interior Spaces

  • 9,867 Sq Ft Home
  • 3-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Game Room
  • Utility Room
  • Laundry Room
  • Sauna
  • Home Gym
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Pool Tile

Outdoor Features

  • Private Dock Site
  • Docks
  • Fireplace in Patio
  • Outdoor Fireplace

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 756
  • Assessor Parcel Number 04830105

Home Details

Home Type

Single Family

Year Built

Built in 2018

Lot Details

0

Parking

6

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04830105
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 9867.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Master Bedroom, Outside, Patio
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2260.06
  • Room Type: Bonus Room, Den, Exercise Room, Family Room, Formal Entry, Foyer, Game Room, Great Room, Guest/Maid's Quarters, Home Theatre, Jack & Jill, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office, Retreat, Sauna, Separate Family Room, Two Masters, Utility Room, Walk-In Closet
  • Spa Features: Private, Heated, In Ground

Exterior Features

  • Exterior Features: Dock Private
  • View: Bay, City Lights, Harbor
  • Pool Features: Private, Heated, In Ground, Tile
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Controlled Entrance, Direct Garage Access, Driveway, Garage, Oversized
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • 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: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 9601.00
  • Lot Size Acres: 0.2204

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9601.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 37
  • Tax Tract Number: 756

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Mar 9, 2021
Sold by
Arden Companies Llc
Bought by
Balboa Point Llc
Seller's Agent
Michelle Linovitz
Pacific Sotheby's Int'l Realty
Buyer's Agent
Michelle Linovitz
Pacific Sotheby's Int'l Realty
List Price
$27,500,000
Sold Price
$22,300,000
Premium/Discount to List
-$5,200,000
-18.91%
Current Estimated Value
$18,126,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,173,180
Avg. Annual Appreciation
-4.29%

Purchase Details

Closed on
May 13, 2013
Sold by
West Paws Llc
Bought by
Arden Companies Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Bradford Peter Cooper
Bought by
Wet Paws Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Balboa Point Llc $22,300,000 First Amer Ttl Co Res Div
Arden Companies Llc $9,500,000 Stewart Title Company
Wet Paws Llc $7,400,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wet Paws Llc $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $22,300,000 -10.6% $2,260 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
03/01/2021 03/01/21 Price Changed $24,950,000 -9.3% $2,529 / Sq Ft
11/05/2020 11/05/20 For Sale $27,500,000 -- $2,787 / 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 $250,935 $24,318,689 $18,163,593 $6,155,096
2024 $250,935 $23,810,986 $17,807,445 $6,003,541
2023 $243,595 $23,200,920 $17,458,280 $5,742,640
2022 $239,602 $22,746,000 $17,115,960 $5,630,040
2021 $145,485 $13,793,065 $9,710,266 $4,082,799
2020 $144,091 $13,651,635 $9,610,700 $4,040,935
2019 $141,068 $13,383,956 $9,422,255 $3,961,701
2018 $131,828 $12,511,092 $9,237,505 $3,273,587
2017 $113,604 $10,757,015 $9,056,377 $1,700,638
2016 $109,248 $10,375,883 $8,878,801 $1,497,082
2015 $103,097 $9,733,714 $8,745,433 $988,281
2014 $100,664 $9,543,130 $8,574,122 $969,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20231950

California Regional Multiple Listing Service (CRMLS)

APN: 048-301-05