Seller's Agent in 2022
Markus Brown
First Team Real Estate
(714) 544-5456
1 in this area
27 Total Sales
2191 Ocean Way Laguna Beach, CA 92651
Woods Cove NeighborhoodEstimated Value: $3,848,000 - $8,148,486
4
Beds
3.5
Baths
2,400
Sq Ft
$2,521/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Art Studio
- El Morro Elementary School Rated A+
- Detached Guest House
- 1-minute walk to Ruby Street Park
About This Home
As of February 2022Famous for whimsical details and bold “architecture-as-art” style, The Ark is designed to resemble its famous namesake and is one of Coastal California’s most iconic historic homes. Perched on the bluff above the idyllic sandy shore of Moss Cove with panoramic views of the Pacific Ocean, The Ark boldly faces the deep blue sea as if ready to cast off its mooring and sail to adventures over the horizon. This offering presents buyers with significant tax savings through the Mills Act property tax reduction program and the singular opportunity to become a part of the legend by owning a historical work of art with a rich history at the core of the Laguna Beach experience. The story of The Ark begins in 1923 when French architect Jean L. Egasse was commissioned to apply his famously individualistic vision to build a home befitting of this magnificent blufftop location. The design features ship portholes, carefully knotted ropework handrails, rough-hewn timber beams, a striking stacked stone fireplace tucked beneath the stylized ribs of an inverted hull, and colorful stained-glass windows crafted by one of Disney’s first female graphic designers. The layout includes an oceanfront sleeping porch, an artist’s loft, and the Crow’s Nest – a fully separate guest room with private bathroom located under a canopy of towering heritage Eucalyptus trees. Artists and writers have long turned to The Ark in search of inspiration, and there are numerous examples of locally created art featuring the home, vistas, and the gorgeous cove and beach below. And who wouldn’t find tranquility, or maybe the answers to life’s great mysteries, while gazing out the picture windows at a panorama of waves swirling around rock formations against a backdrop of sunset’s fiery glow? A visit to this magical property is an adventurous exploration, where unexpected details and ancient nautical treasures lie around every corner, and a collection of unique outdoor art installations and carefully curated specimen plants and trees frame the incomparably mesmerizing expanse of the Pacific Ocean. In recent years, the property has undergone renovations including a comprehensive overhaul to refresh the interior wood and to update the kitchen and bathrooms, installation of a new roof that mimics the historic original, and foundation bracing. *Mills Act property tax savings may be as much as $100,000 per year.
Last Agent to Sell the Property
First Team Real Estate License #01441782 Listed on: 09/23/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,241
Year Built
- Built in 1923
Lot Details
- 8,476 Sq Ft Lot
- Beach Front
Parking
- 2 Car Attached Garage
- Parking Available
- Driveway
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- Bluff
Home Design
- Custom Home
- Shake Roof
- Wood Siding
Interior Spaces
- 2,400 Sq Ft Home
- Beamed Ceilings
- Family Room
- Living Room with Fireplace
- Dining Room
- Loft
- Art Studio
- Wood Flooring
Kitchen
- Updated Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Ocean Side of Highway 1
- Deck
- Covered Patio or Porch
Additional Features
- Detached Guest House
- Central Heating
Community Details
- No Home Owners Association
- Woods Cove Subdivision
- Property is near a preserve or public land
Listing and Financial Details
- Legal Lot and Block 1 / A
- Tax Tract Number 5003
- Assessor Parcel Number 64428105
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2021
Closed on
Dec 27, 2021
Sold by
Mckay John P and Revocab Christine
Bought by
Lone Star Research Trust
Seller's Agent
Markus Brown
First Team Real Estate
Buyer's Agent
Spencer Wall
Pacific Sotheby’s International Realty
List Price
$9,995,000
Sold Price
$8,000,000
Premium/Discount to List
-$1,995,000
-19.96%
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
-$1,949,171
Avg. Annual Appreciation
-7.38%
Original Mortgage
$5,600,000
Outstanding Balance
$5,129,249
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$921,580
Purchase Details
Closed on
Jul 24, 2018
Sold by
Mckay John P and Mckay Christine
Bought by
Mckay John P and Mckay Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,716,600
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jun 26, 2016
Closed on
May 11, 2018
Sold by
Mckay John P and Mckay Christine E
Bought by
Mckay John P and Mckay Christine
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Markus Brown
First Team Real Estate
List Price
$8,775,000
Sold Price
$6,800,000
Premium/Discount to List
-$1,975,000
-22.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.56%
Original Mortgage
$5,620,000
Interest Rate
4.44%
Mortgage Type
Commercial
Purchase Details
Listed on
Jun 26, 2016
Closed on
Apr 3, 2018
Sold by
Offield Susan Marion
Bought by
Mckay John P and Mckay Christine E
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Markus Brown
First Team Real Estate
List Price
$8,775,000
Sold Price
$6,800,000
Premium/Discount to List
-$1,975,000
-22.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,620,000
Interest Rate
4.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 22, 2015
Sold by
The Northern Trust Company
Bought by
Offield Susan Marion
Purchase Details
Closed on
Mar 9, 2004
Sold by
Fitzgerrell Marcia J
Bought by
Offield Paxson H and The Paxson H Offield Living Trust
Purchase Details
Closed on
Nov 13, 2001
Sold by
Fitzgerell Marcia J
Bought by
Fitzgerrell Marcia J
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 |
|---|---|---|---|
| Lone Star Research Trust | $8,000,000 | First American Title | |
| Mckay John P | -- | Western Resources Title Co | |
| Mckay John P | -- | Western Resources Title | |
| Mckay John P | -- | None Available | |
| Mckay John P | $6,738,000 | Chicago Title Co | |
| Offield Susan Marion | -- | Accommodation | |
| Offield Paxson H | $4,250,000 | Equity Title Company | |
| Fitzgerrell Marcia J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lone Star Research Trust | $5,600,000 | |
| Previous Owner | Mckay John P | $4,716,600 | |
| Previous Owner | Mckay John P | $5,620,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/09/2022 02/09/22 | Sold | $8,000,000 | -11.1% | $3,333 / Sq Ft |
| 12/26/2021 12/26/21 | Pending | -- | -- | -- |
| 11/05/2021 11/05/21 | Price Changed | $8,995,000 | -10.0% | $3,748 / Sq Ft |
| 09/23/2021 09/23/21 | For Sale | $9,995,000 | +47.0% | $4,165 / Sq Ft |
| 04/26/2018 04/26/18 | Sold | $6,800,000 | -2.8% | $2,833 / Sq Ft |
| 03/12/2018 03/12/18 | Pending | -- | -- | -- |
| 02/05/2018 02/05/18 | Price Changed | $6,995,000 | -5.4% | $2,915 / Sq Ft |
| 01/30/2018 01/30/18 | Price Changed | $7,395,000 | -7.5% | $3,081 / Sq Ft |
| 06/13/2017 06/13/17 | Price Changed | $7,995,000 | -3.6% | $3,331 / Sq Ft |
| 02/21/2017 02/21/17 | Price Changed | $8,295,000 | -5.5% | $3,456 / Sq Ft |
| 06/26/2016 06/26/16 | For Sale | $8,775,000 | -- | $3,656 / 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 |
|---|---|---|---|---|
| 2025 | $10,241 | $999,773 | $699,841 | $299,932 |
| 2024 | $10,241 | $911,002 | $637,701 | $273,301 |
| 2023 | $11,900 | $1,050,884 | $735,619 | $315,265 |
| 2022 | $13,040 | $1,170,741 | $819,519 | $351,222 |
| 2021 | $12,635 | $1,138,277 | $796,794 | $341,483 |
| 2020 | $11,149 | $999,400 | $699,580 | $299,820 |
| 2019 | $70,813 | $6,872,566 | $6,760,808 | $111,758 |
| 2018 | $55,033 | $5,321,973 | $5,209,152 | $112,821 |
| 2017 | $53,936 | $5,217,621 | $5,107,012 | $110,609 |
| 2016 | $52,903 | $5,115,315 | $5,006,874 | $108,441 |
| 2015 | $52,100 | $5,038,479 | $4,931,666 | $106,813 |
| 2014 | $48,784 | $4,712,481 | $4,612,578 | $99,903 |
Source: Public Records
Agents Affiliated with this Home
-
Markus Brown
-
Spencer Wall
Buyer's Agent in 2022
Spencer Wall
Pacific Sotheby’s International Realty
(949) 375-7768
4 in this area
55 Total Sales
-
Steve High
Seller's Agent in 2018
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
66 Total Sales
-
Michael Johnson
Seller Co-Listing Agent in 2018
Michael Johnson
Compass
(949) 278-7333
15 in this area
186 Total Sales
-
H
Buyer Co-Listing Agent in 2018
Heidi Brown
First Team Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21209036
APN: 644-281-05
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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