$14,700,000
SOLD OCT 9, 2024
4 Beds
6 Baths
4,229 Sq Ft
3,400 Sq Ft Lot

Recently Sold

$3,476 Per Sq Ft

5% Below List Price

50 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Custom Home
  • Newport Elementary School Rated A
  • Rooftop Deck
  • 1-minute walk to West Jetty View Park

About This Home

As of October 2024

Located on the sand in Newport's desirable Peninsula Point oceanfront (no boardwalk only six houses from the wedge) this home boasts stunning white water ocean views including the famed Wedge surf break to Catalina Island. Wake up to the sound of the surf and breathtaking sunrises while enjoying coffee on your private bedroom terrace. This architectural masterpiece, designed by Oatman Architects, features extraordinary construction that highlights timeless materials like glass, steel, stone, and wood, creating a perfect balance of contemporary and classic Newport Beach luxury living. The indoor/outdoor design maximizes stunning panoramic views using state-of-the-art fold-away doors and Porcelanosa floors. Four spacious bedrooms with en-suite baths, a sun-filled primary suite with a seaward facing private deck, and a spa bath with a steam room shower makes for an incredible living experience. Relax in your Stoneforest soaking tub of a solid carved marble block. The glass staircases lead to a grand entertainment area with panoramic views of the ocean and bay, a stainless steel hot tub that immerses your guests in Pacific Coast luxury. The third floor features outdoor entertainment and amenities including barbecue station, fireplace, large TV, shuffle board and a large seating area to view those special days when world-class surfers challenging the break of the infamous Wedge. With spectacular sunsets and stunning views of Fashion Island, this remarkable home delivers the ultimate in coastal living lifestyle. Additional features include Control 4 home automation, a security system, built-in audio, automatic window shades, a laundry room, and three-car garage make living easy. Peninsula Point is coveted as one of Newport's most prestigious neighborhoods with convenient access to Harbor activities.

Last Agent to Sell the Property

Jim West

Coldwell Banker Realty Brokerage Phone: 949-933-7749 License #01278346 Listed on: 07/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Joshua Altman

Douglas Elliman of California License #01764587

Douglas Elliman of California

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $161,744

Year Built

  • Built in 2015

Lot Details

  • 3,400 Sq Ft Lot
  • Beach Front
  • Block Wall Fence
  • Landscaped
  • Level Lot

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Custom Home
  • Contemporary Architecture
  • Turnkey
  • Interior Block Wall
  • Tile Roof
  • Copper Plumbing

Interior Spaces

  • 4,229 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Tinted Windows
  • Double Door Entry
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Corian Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Upgraded Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

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

Home Security

  • Alarm System
  • Security Lights
  • Smart Home
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Patio
  • Outdoor Fireplace
  • Fire Pit

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / E
  • Tax Tract Number 518
  • Assessor Parcel Number 04828223
  • $380 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$161,744

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Contemporary, Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828223
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4229.00 Square Feet
  • Interior Amenities: Balcony, Bar, Block Walls, Built-in Features, Copper Plumbing Full, High Ceilings, Home Automation System, Open Floorplan, Recessed Lighting, Wet Bar, Wired for Sound
  • Stories: 1
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Family Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Outside, Gas, Gas Starter, Fire Pit
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3476.00
  • Room Type: All Bedrooms Up, Dressing Area, Great Room, Kitchen, Laundry, Living Room, Walk-In Closet
  • Window Features: Tinted Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Primary Bath, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Corian Counters, Pots & Pan Drawers, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener, Oversized
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Cable Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage, 220 Volts in Laundry
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Sq Ft: 3400.00
  • Lot Size Acres: 0.0781

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 3400.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Front

Tax Info

  • Tax Block: E
  • Tax Census Tract: 628.00
  • Tax Lot: 14
  • Tax Tract Number: 518
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 26, 2024
Sold by
Edward D Smith 2000 Living Trust and Smith Edward D
Bought by
43 Dolphin Llc
Seller's Agent
Jim West
Coldwell Banker Realty
Buyer's Agent
Joshua Altman
Douglas Elliman of California
List Price
$15,495,000
Sold Price
$14,700,000
Premium/Discount to List
-$795,000
-5.13%
Total Days on Market
50
Views
157
Current Estimated Value
$9,691,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,008,921
Avg. Annual Appreciation
-47.85%

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 7, 2021
Sold by
Skydweller Llc
Bought by
Smith Edward D and Smith Shauna H
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Jim West
Coldwell Banker Realty
List Price
$14,995,000
Sold Price
$14,450,000
Premium/Discount to List
-$545,000
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.52%

Purchase Details

Listed on
May 29, 2019
Closed on
Jun 30, 2019
Sold by
Previti James L
Bought by
Skydweller Llc
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Patricia Pilster
Era Trotter Vogel Realty
List Price
$11,495,000
Sold Price
$11,250,000
Premium/Discount to List
-$245,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.70%

Purchase Details

Closed on
May 8, 2014
Sold by
Yunker James A and Yunker James A
Bought by
Previti James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,802,500
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 20, 2005
Sold by
Yunker James A and Yunker James A
Bought by
Yunker James A and Yunker James A

Purchase Details

Closed on
May 2, 2003
Sold by
Yunker James Arthur
Bought by
Yunker James A and Yunker James A
Source: Public Records

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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 $15,000,000 Orange Coast Title Company
Grant Deed $14,450,000 First Amer Ttl Co Res Div
Grant Deed $11,250,000 Orange Coast Title Company
Grant Deed $5,850,000 California Title Company
Interfamily Deed Transfer -- Alliance Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,000,000 New Conventional
Previous Owner $986,580 Credit Line Revolving
Previous Owner $5,400,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,395,000 Construction
Previous Owner $3,802,500 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2024 10/09/24 Sold $14,700,000 -5.1% $3,476 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $15,495,000 +7.2% $3,664 / Sq Ft
06/24/2021 06/24/21 Sold $14,450,000 -3.6% $3,417 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $14,995,000 +33.3% $3,546 / Sq Ft
07/12/2019 07/12/19 Sold $11,250,000 -2.1% $2,660 / Sq Ft
05/29/2019 05/29/19 For Sale $11,495,000 +91.6% $2,718 / Sq Ft
10/24/2014 10/24/14 Sold $6,000,000 -11.1% $1,714 / Sq Ft
09/03/2014 09/03/14 Price Changed $6,750,000 0.0% $1,929 / Sq Ft
04/25/2014 04/25/14 Pending -- -- --
03/05/2014 03/05/14 Price Changed $6,750,000 -10.0% $1,929 / Sq Ft
11/06/2013 11/06/13 Price Changed $7,500,000 -8.5% $2,143 / Sq Ft
09/10/2013 09/10/13 Price Changed $8,200,000 +95.2% $2,343 / Sq Ft
09/10/2013 09/10/13 For Sale $4,200,000 -- $1,200 / 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
2024 $161,744 $15,334,455 $13,368,454 $1,966,001
2023 $157,979 $15,033,780 $13,106,328 $1,927,452
2022 $155,388 $14,739,000 $12,849,341 $1,889,659
2021 $117,829 $11,164,478 $9,302,182 $1,862,296
2020 $116,700 $11,050,000 $9,206,799 $1,843,201
2019 $80,968 $7,667,329 $6,201,053 $1,466,276
2018 $79,348 $7,516,990 $6,079,464 $1,437,526
2017 $77,941 $7,369,599 $5,960,259 $1,409,340
2016 $65,585 $6,215,745 $5,843,392 $372,353
2015 $62,098 $5,850,000 $5,558,623 $291,377
2014 $4,363 $390,136 $109,971 $280,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24132175

California Regional Multiple Listing Service (CRMLS)

APN: 048-282-23