$7,995,000

Estimated payment $45,554/month

3 Beds
3 Baths
2,600 Sq Ft
$3,075 Price per Sq Ft

Highlights

  • White Water Ocean Views
  • Boat Dock
  • Heated In Ground Pool
  • Harbor View Elementary School Rated A
  • Property Fronts a Bay or Harbor
  • 4-minute walk to Lookout Point

About This Home

Arguably, the most spectacular views in the region, this distinct location affords a rare and awe-inspiring panorama of the Newport Harbor, the channel entrance, city lights, a vast expanse of the sparkling Pacific, Catalina Island, and the scenic surf line at Peninsula Point. Two penthouse units – never before offered as a single spacious residence – set on the most westerly waterfront position of Channel Reef and crowned by a continuum of floor-to-ceiling glass, capture the splendor of the charming Harbor and ocean horizon. Each previously fashioned with two bedrooms and two baths, the units are presented for sale with approved plans for a one generously accommodating three-bedroom, three-bath, enjoying a combined 98 feet of view frontage and approximately 2,600 square feet of living space. One of just a few gated waterfront buildings in coastal Orange County, Channel Reef affords not only extraordinary views, but also unique access to the harbor; available on-property boat slips; elevators servicing all levels; on-site management during staffed hours; private, gated parking for residents and guests; two designated covered vehicle spaces; and a saltwater pool and spa set along the tranquil waterway. This is an exceptional opportunity to develop your ideal living environment and experience the inimitable lifestyle benefits of this idyllic enclave.

Listing Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty Brokerage Phone: 7144213377 License #01024996 Listed on: 10/15/2025

Pacific Sotheby's Int'l Realty

Co-Listing Agent

Ryan Tarr

Pacific Sotheby's Int'l Realty Brokerage Phone: 7144213377 License #01960027

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,802

Year Built

  • Built in 1963 | Under Construction

Lot Details

  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • 89525012

HOA Fees

  • $1,600 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Property Views

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

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Family Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Pool

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

Outdoor Features

  • Ocean Side of Highway 1
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 89525018
  • $389 per year additional tax assessments

Community Details

Overview

  • 48 Units
  • Channel Reef Association, Phone Number (949) 581-4988
  • Channel Reef Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Pool
  • Community Spa
  • Fishing

Pet Policy

  • Pet Restriction

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,802

Year Built

Built in 1963 | Under Construction

Lot Details

0

HOA Fees

$1,600 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Gated Community, Resident Manager
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 89525018
  • Year Built: 1963
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2600.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3075.00
  • Room Type: All Bedrooms Down
  • Spa Features: Association, Community, Heated, In Ground
  • Window Features: Double Pane Windows
  • Basement: Unfinished

Exterior Features

  • Patio: Yes
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Covered, Deck
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue, Outdoor Cooking Area, Dock, Storage, Maintenance Grounds, Pet Rules, Management, Security
  • Association Fee: 1600.00
  • Association Fee Frequency: Monthly
  • Association Name: Channel Reef
  • Phone: 949-581-4988
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Fishing, Sidewalks, Storm Drains, Street Lights
  • Association Management: Channel Reef

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 89525012
  • Land Lease: No
  • Latitude Manual: 33.59768700

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 48
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 389.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $18,802 $2,244,000 $1,944,741 $299,259
2024 $18,802 $1,750,000 $1,471,969 $278,031
2023 $21,132 $1,980,045 $1,724,313 $255,732
2022 $20,781 $1,941,221 $1,690,503 $250,718
2021 $20,384 $1,903,158 $1,657,356 $245,802
2020 $20,188 $1,883,644 $1,640,362 $243,282
2019 $19,771 $1,846,710 $1,608,198 $238,512
2018 $19,377 $1,810,500 $1,576,664 $233,836
2017 $19,035 $1,775,000 $1,540,681 $234,319
2016 $15,110 $1,406,939 $1,154,010 $252,929
2015 $14,967 $1,385,806 $1,136,676 $249,130
2014 $14,615 $1,358,660 $1,114,410 $244,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 For Sale $7,995,000 -- $3,075 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,200,000 Wfg National Title
Grant Deed $1,775,000 None Available
Grant Deed $1,300,000 California Title Company
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25240451

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-12