2218 Channel Rd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
5
Beds
4.5
Baths
3,817
Sq Ft
3,528
Sq Ft Lot
Highlights
- Ocean View
- Property has ocean access
- Property Fronts a Bay or Harbor
- Newport Elementary School Rated A
- Private Dock Site
- 2-minute walk to West Jetty View Park
About This Home
As of September 2024This beautiful bayfront is set on a premier stretch of the coveted Balboa Peninsula Point. Steps from the iconic Wedge Beach on a quiet and broad tree lined street, this waterfront property is the epitome of luxury living. Timeless curb appeal makes a stunning first impression and sets the tone of coastal grandeur that continues as you enter the chic foyer with sweeping staircase. Prepare to be mesmerized by the magnificent kitchen and great room with sparkling bay views, HIGH COFFERED CEILINGS and precision millwork. Enjoy watching colorful sailboats and stunning yachts cruising by from a chef’s dream kitchen, perfect for preparing gourmet meals and hosting catered affairs. Coastal white cabinetry, sand-hued countertops, top-of-the-line appliances and walk-in pantry all surround a striking sea-green island. Opposite the kitchen, a gorgeous fireplace sits center in the expansive living area with a beverage bar and below ground wine cellar. The living area continues outdoors on a sprawling covered deck with built-in BBQ, fire-pit and private dock that can accommodate a Duffy boat or other vessel up to approx 35 ft, and boundless bay views that are the best Newport Beach has to offer. Completing the first floor is a spacious bedroom that can also serve as a den or office with an ensuite bathroom and an opulent half-bath. Retreat upstairs via the stairs or elevator, where you will find a second living room with balcony, two additional bedrooms and bathrooms and separate laundry room. The magnificent primary suite includes a large walk-in closet and bayfront balcony that runs the length of the room’s grand seating area with a fireplace and massive sleeping area. The stately primary bathroom features separate double vanities, makeup area, oversized shower and two private water closets. Family room or den could be 5th bedroom option. The bayfront splendor continues upwards to the rooftop deck with jaw-dropping 360 panoramic views of the bay, CDM and shimmering Pacific Ocean, along with a SPA and lounge seating. A two-car garage offers ample built-in storage and space to park a golf-cart. Enjoy bike riding to coffee and restaurants, access to the private bay beach, and one of the most coveted (and beachfront) schools in the country for your kids. Fall in love with all the wonderful memories this home has to offer.
Last Agent to Sell the Property
The Oppenheim Group Brokerage Phone: 310-866-9410 License #02068352 Listed on: 04/09/2024
Last Buyer's Agent
The Oppenheim Group Brokerage Phone: 310-866-9410 License #02068352 Listed on: 04/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,926
Year Built
- Built in 2013
Lot Details
- 3,528 Sq Ft Lot
- Property Fronts a Bay or Harbor
- Block Wall Fence
- Fence is in excellent condition
- Drip System Landscaping
- Sprinkler System
Parking
- 2 Car Direct Access Garage
- Parking Storage or Cabinetry
- Parking Available
- Two Garage Doors
Property Views
- Ocean
- Coastline
- Catalina
- Panoramic
Home Design
- Custom Home
- Turnkey
- Slab Foundation
- Slate Roof
- Stucco
Interior Spaces
- 3,817 Sq Ft Home
- 2-Story Property
- Elevator
- Open Floorplan
- Built-In Features
- Bar
- Crown Molding
- Wainscoting
- Coffered Ceiling
- High Ceiling
- Ceiling Fan
- Great Room with Fireplace
- Family Room Off Kitchen
- Dining Room
- Home Theater
- Bonus Room
- Game Room
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Double Convection Oven
- Built-In Range
- Range Hood
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Walk-In Closet
- Remodeled Bathroom
- In-Law or Guest Suite
- Makeup or Vanity Space
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Multiple Shower Heads
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Pool
- Roof Top Spa
- Heated Spa
Outdoor Features
- Property has ocean access
- Boat Slip
- Private Dock Site
- Docks
- Balcony
- Deck
- Covered patio or porch
- Outdoor Fireplace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 04830113
- $369 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Fishing
- Dog Park
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2024
Closed on
Aug 8, 2024
Sold by
Helou Family Trust and Helou Carol G
Bought by
Adao Pedro M and Adao Suzette C
Seller's Agent
Giovanne Helou
The Oppenheim Group
Buyer's Agent
Giovanne Helou
The Oppenheim Group
List Price
$12,995,000
Sold Price
$12,500,000
Premium/Discount to List
-$495,000
-3.81%
Views
156
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
-$5,543,384
Avg. Annual Appreciation
-48.03%
Original Mortgage
$10,000,000
Outstanding Balance
$9,912,165
Interest Rate
5.57%
Mortgage Type
New Conventional
Estimated Equity
-$2,931,375
Purchase Details
Closed on
Oct 9, 2014
Sold by
Helou Carol and Helou Lisa R
Bought by
Helou Family Trust
Purchase Details
Closed on
Mar 25, 2013
Sold by
Abell John B and Helou Carol
Bought by
Helou Carol and Helou Lisa R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.51%
Mortgage Type
Credit Line Revolving
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $12,500,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $10,000,000 | New Conventional | |
| Previous Owner | $1,181,500 | New Conventional | |
| Previous Owner | $1,215,000 | New Conventional | |
| Previous Owner | $3,000,000 | Credit Line Revolving | |
| Previous Owner | $2,500,000 | Credit Line Revolving | |
| Previous Owner | $1,500,000 | Credit Line Revolving | |
| Previous Owner | $1,453,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2024 09/17/24 | Sold | $12,500,000 | -3.8% | $3,275 / Sq Ft |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- |
| 04/09/2024 04/09/24 | For Sale | $12,995,000 | -- | $3,405 / 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 | $52,926 | $12,500,000 | $11,171,990 | $1,328,010 |
| 2024 | $52,926 | $4,992,587 | $3,942,554 | $1,050,033 |
| 2023 | $51,691 | $4,894,694 | $3,865,249 | $1,029,445 |
| 2022 | $50,840 | $4,798,720 | $3,789,460 | $1,009,260 |
| 2021 | $49,863 | $4,704,628 | $3,715,157 | $989,471 |
| 2020 | $49,385 | $4,656,388 | $3,677,062 | $979,326 |
| 2019 | $48,354 | $4,565,087 | $3,604,963 | $960,124 |
| 2018 | $47,387 | $4,475,576 | $3,534,277 | $941,299 |
| 2017 | $46,548 | $4,387,820 | $3,464,977 | $922,843 |
| 2016 | $45,497 | $4,301,785 | $3,397,036 | $904,749 |
| 2015 | $45,072 | $4,237,169 | $3,346,010 | $891,159 |
| 2014 | $44,009 | $4,154,169 | $3,280,466 | $873,703 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Giovanne Helou
The Oppenheim Group
(310) 866-9410
12 in this area
35 Total Sales
-
Seller Co-Listing Agent in 2024
Lisa Helou
The Oppenheim Group
(949) 566-3345
12 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24061428
APN: 048-301-13
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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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