NOT LISTED FOR SALE

2523 Altamar Dr Laguna Beach, CA 92651

Estimated Value: $9,112,000 - $13,223,000

5 Beds
7 Baths
8,563 Sq Ft
$1,304/Sq Ft Est. Value

Last Sold August 13, 2013

Last sale price $12,500,000 $1,460 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $73,648/month

400 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Gated with Attendant
  • El Morro Elementary School Rated A+
  • Wine Cellar
  • Private Pool

About This Home

As of August 2013

A perfect 10+++. Unheard of opportunity to own a brand new never lived in custom home on the Ocean side of PCH in the most exclusive private beach community in OC of Irvine Cove!!! State of the art construction and appointments from premier custom home builder JWJ Homes. 8,563 square foot Santa Barbara-style. Featuring the ultimate in indoor-outdoor living with 5 bedrooms and 7 bath. 30x30 inch Travertine imported from Turkey direct to the site, wide plank Walnut floors, custom stained Alder cabinets, 12 seat home theatre stadium tiered seating, elevator, oversized island with quartzite island, bar with marble countertop with custom 3 inch edge detail, 1,000 bottle wine cellar, sub-zero refrigerators in 3 places: outdoor kitchen, indoor kitchen, oversized marble bar all the space you need entertain and enjoy the California Riviera lifestyle in every way. Central courtyard with a custom waterfall. Multiple water features, 3 different lift and slide pocket door systems, enjoy the ocean air and wow your guests. Pool for lap swimming+spa with one touch lava fire bowls. Only 110 homes in the entire community have access to the gorgeous private beach, this is your chance to own one of the few on the Ocean side of PCH and the only new construction!

Last Agent to Sell the Property

Tim De Cinces

Tim De Cinces License #01369352 Listed on: 06/18/2013

Co-Listed By

TJ Williams

The W Realty Group License #01509747

Last Buyer's Agent

John Stanaland

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01223768

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $153,583

Year Built

  • Built in 2012

Lot Details

  • 0.26 Acre Lot
  • Block Wall Fence

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Slab Foundation
  • Spanish Tile Roof
  • Clay Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 8,563 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Dual Staircase
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Coffered Ceiling
  • Recessed Lighting
  • Wood Frame Window
  • Sliding Doors
  • Formal Entry
  • Wine Cellar
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • L-Shaped Dining Room
  • Home Office
  • Bonus Room with Fireplace
  • Game Room with Fireplace
  • Atrium Room
  • Utility Room
  • Ocean Views
  • Basement

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Indoor Grill
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • 7 Full Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Beach Access
  • Living Room Balcony
  • Tile Patio or Porch
  • Terrace
  • Outdoor Grill

Additional Features

  • More Than Two Accessible Exits
  • High-Efficiency Water Heater

Community Details

  • Property has a Home Owners Association
  • Gated with Attendant

Listing and Financial Details

  • Assessor Parcel Number 05331607

Home Details

Home Type

Single Family

Est. Annual Taxes

$153,583

Year Built

Built in 2012

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-636-7248
  • Property Attached: No
  • Security: Gated with Guard
  • Subdivision Name Other: Irvine Cove
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05331607
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8563.00
  • Interior Amenities: 2 Staircases, Bar, Beamed Ceilings, Built-in Features, Balcony, Coffered Ceiling(s), Crown Molding, Wired for Data, Elevator, Copper Plumbing Full, Living Room Balcony, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Wired for Sound, Vacuum Central, Wainscoting, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Breakfast Nook, Country Kitchen, Dining Ell, Family Kitchen, In Family Room, Dining Room
  • Fireplace Features: Bonus Room, Bath, Game Room, Great Room
  • Levels: Two
  • Price Per Square Foot: 1459.77
  • Room Type: Atrium, Basement, Bonus Room, Family Room, Formal Entry, Main Floor Bedroom, Multi-Level Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Office, Utility Room, Wine Cellar
  • Spa Features: Private
  • Window Features: Wood Frames
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Ocean
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Terrace, Tile
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Double Oven, Dishwasher, Disposal, Indoor Grill, High Efficiency Water Heater, Ice Maker, Microwave, Refrigerator, Trash Compactor
  • Laundry Features: Dryer Included, Washer Included

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 11297.00
  • Lot Size Acres: 0.2590

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11297.0000 Square Feet
  • Waterfront Features: Beach Access

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2017
Sold by
Walker Susan
Bought by
Walker Paul A
Current Estimated Value
$11,167,500

Purchase Details

Listed on
Jun 18, 2013
Closed on
Aug 1, 2013
Sold by
Cable Wade H and Cable Susan M
Bought by
R C Ventures Irvine Cove Llc
Seller's Agent
Tim De Cinces
Tim De Cinces
Buyer's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$14,995,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,495,000
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.44%

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jul 31, 2013
Sold by
R C Ventures Irvine Cove Llc
Bought by
Walker Paul and Walker Susan
Seller's Agent
Tim De Cinces
Tim De Cinces
Buyer's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$14,995,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,495,000
-16.64%

Purchase Details

Closed on
May 8, 2013
Sold by
R/C Ventures Irvine Cove Llc
Bought by
Cable Wade H and Cable Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,050,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2008
Sold by
Dana Edward R and Dana Hugh R
Bought by
R/C Ventures Irvine Cove Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,860,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2008
Sold by
Wells Fargo Bank Na
Bought by
Dana Edward R and Dana Hugh R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,860,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Walker Paul A -- Accommodation
R C Ventures Irvine Cove Llc -- Fidelity National Title Co
Walker Paul -- --
Cable Wade H -- Fidelity National Title Co
R/C Ventures Irvine Cove Llc -- Fidelity National Title Co
Dana Edward R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cable Wade H $5,050,000
Previous Owner R/C Ventures Irvine Cove Llc $5,040,000
Previous Owner R/C Ventures Irvine Cove Llc $2,860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2013 08/13/13 Sold $12,500,000 -16.6% $1,460 / Sq Ft
06/18/2013 06/18/13 For Sale $14,995,000 +20.0% $1,751 / Sq Ft
06/17/2013 06/17/13 Off Market $12,500,000 -- --
11/01/2012 11/01/12 Price Changed $14,995,000 -9.1% $1,751 / Sq Ft
06/18/2012 06/18/12 For Sale $16,500,000 -- $1,927 / 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 $153,583 $15,323,291 $12,611,578 $2,711,713
2024 $153,583 $15,022,835 $12,364,292 $2,658,543
2023 $150,361 $14,728,270 $12,121,855 $2,606,415
2022 $147,480 $14,439,481 $11,884,172 $2,555,309
2021 $144,596 $14,156,354 $11,651,149 $2,505,205
2020 $143,040 $14,011,198 $11,531,680 $2,479,518
2019 $140,562 $13,736,469 $11,305,569 $2,430,900
2018 $137,816 $13,467,127 $11,083,891 $2,383,236
2017 $135,097 $13,203,066 $10,866,560 $2,336,506
2016 $132,539 $12,944,183 $10,653,490 $2,290,693
2015 $130,559 $12,749,750 $10,493,465 $2,256,285
2014 $128,070 $12,500,000 $10,287,912 $2,212,088
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002446

California Regional Multiple Listing Service (CRMLS)

APN: 053-316-07