Seller's Agent in 2023
Cheryl Marquis
Luxre Realty, Inc.
(949) 683-1501
3 in this area
37 Total Sales
2724 Ocean Blvd Corona Del Mar, CA 92625
Corona Del Mar NeighborhoodEstimated Value: $5,446,000
7
Beds
10
Baths
7,168
Sq Ft
$760/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- In Ground Pool
- Harbor View Elementary School Rated A
- Home Theater
- 3-minute walk to Lookout Point
About This Home
As of June 2023It is a rare moment when life presents the opportunity to truly have it all, and when it does, don’t let it pass you by. Welcome to Island House in the vibrant Village of Corona del Mar, where a one-of-a-kind setting, phenomenal ocean views and luxurious upgrades unite in creating one of Southern California’s most sought-after residential offerings. Embraced by an unparalleled homesite that extends nearly 11,896 square feet and combines three lots with no adjoining properties, the elegant Eastern Seaboard-style estate occupies an island with appx. 276' of frontage on Ocean Boulevard that welcomes sweeping views of the Pacific Ocean, Catalina Island, Lookout Point Park, The Wedge surf break, Newport Harbor, the Balboa Peninsula, city lights, Palos Verdes and unforgettable sunsets. Designed by award-winning architect Brion Jeanette and built by Finton Construction, the residence encompasses seven en suite bedrooms, 10 baths, a third-level game room with open-air deck, loft, dual offices, basement media room with glass-enclosed appx. 650-bottle wine cellar, 15-seat home theater with oversized screen, formal living and dining rooms and two wet bars in approximately 7,168 square feet. Traditional and contemporary design complement one another in the home, which was completely reimagined and luxuriously enhanced in 2018. Cook and entertain in a fabulous kitchen that hosts a massive island, European-style wood cabinetry, marble countertops with backsplashes that reach the ceiling, and high-end appliances. Gorgeous views are enjoyed from most rooms, including a primary suite with vaulted wood ceiling, wraparound ocean-view deck, sitting area, freestanding tub, separate shower, and dual vanities. Noteworthy refinements are led by white cross-beam ceilings, contemporary Circadian LED lighting, Fleetwood windows and doors, premium audio/tech systems, and Delos Wellness home design that incorporates air and water systems. Mere minutes from China Cove Beach, Village shops and restaurants, award-winning schools, scenic parks and Newport Bay, the alluring estate displays upgraded grounds distinguished by a resort-caliber pool and spa, stone fireplace, putting green, large circular bar with BBQ, and ample room for large-scale gatherings.
Last Agent to Sell the Property
Luxre Realty, Inc. License #00851539 Listed on: 03/05/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $166,748
Year Built
- Built in 2001
Lot Details
- 0.27 Acre Lot
- Landscaped
- Corner Lot
- Back Yard
Parking
- 4 Car Direct Access Garage
- Parking Available
- Front Facing Garage
Property Views
- Ocean
- Catalina
- Panoramic
Interior Spaces
- 7,168 Sq Ft Home
- Dual Staircase
- Beamed Ceilings
- Ceiling Fan
- Recessed Lighting
- Double Door Entry
- French Doors
- Sliding Doors
- Wine Cellar
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Theater
- Home Office
- Wood Flooring
- Laundry Room
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Six Burner Stove
- Gas Cooktop
- Freezer
- Kitchen Island
Bedrooms and Bathrooms
- 7 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub
- Bathtub with Shower
- Separate Shower
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Ocean Side of Highway 1
- Balcony
- Open Patio
- Outdoor Fireplace
- Exterior Lighting
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- Standard Electricity
Community Details
- No Home Owners Association
- Corona Del Mar South Of Pch Subdivision
Listing and Financial Details
- Legal Lot and Block 1 / 33
- Tax Tract Number 648
- Assessor Parcel Number 05204003
- $369 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2023
Closed on
May 31, 2023
Sold by
Pcg2 Holdings Llc
Bought by
Keech Max and Keech Nahid
Seller's Agent
Cheryl Marquis
Luxre Realty, Inc.
List Price
$21,995,000
Sold Price
$15,500,000
Premium/Discount to List
-$6,495,000
-29.53%
Views
241
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
-$10,054,000
Avg. Annual Appreciation
-38.66%
Purchase Details
Closed on
Oct 3, 2022
Sold by
First American Title Insurance Company
Bought by
2724 Ocean Blvd Llc
Purchase Details
Listed on
Oct 11, 2017
Closed on
Jan 10, 2018
Sold by
First American Trust Fsb
Bought by
2724 Ocean Blvd Llc
Seller's Agent
Robert Pfeif
Pfeif Group, Inc.
Buyer's Agent
Paul Dolkas
Berkshire Hathaway HomeService
List Price
$14,777,777
Sold Price
$13,000,777
Premium/Discount to List
-$1,777,000
-12.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.01%
Original Mortgage
$0
Interest Rate
3.99%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 2016
Sold by
Phillips Cameron Randall
Bought by
First American Trust Fsb and Thomas L Phillips Replacement Home Irrev
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
3.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 18, 2012
Sold by
Phillips Cameron Randall
Bought by
Phillips Cameron Randall and Cameron Randall Phillips Living Trust
Purchase Details
Closed on
Jun 13, 2011
Sold by
Phillips Thomas L and Phillips Cameron Randall
Bought by
Phillips Thomas L and Phillips Cameron Randall
Purchase Details
Closed on
Sep 2, 2008
Sold by
Phillips Thomas L and Phillips Cameron Randall
Bought by
Rogers Donald R and Canter Robert B
Purchase Details
Closed on
Aug 14, 2008
Sold by
Phillips Andrew M and Phillips Susan V
Bought by
Phillips Thomas L and Phillips Cameron Randall
Purchase Details
Closed on
Oct 27, 2000
Sold by
Phillips Andrew M and Phillips Susan V
Bought by
Phillips Andrew M
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
8.28%
Purchase Details
Closed on
Aug 30, 1999
Sold by
Jacqueline Savage
Bought by
Phillips Andrew M and Phillips Susan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,900
Interest Rate
7.75%
Purchase Details
Closed on
Oct 8, 1993
Sold by
Savage Jacqueline P
Bought by
Savage Michael M and Savage Jacqueline P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.85%
Purchase Details
Closed on
Sep 14, 1993
Sold by
Savage Michael M
Bought by
Savage Jacqueline P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.85%
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 |
|---|---|---|---|
| Keech Max | $15,500,000 | First American Title | |
| 2724 Ocean Blvd Llc | $20,825,795 | -- | |
| 2724 Ocean Blvd Llc | $13,001,000 | First American Title Co | |
| First American Trust Fsb | -- | None Available | |
| Phillips Cameron Randall | -- | None Available | |
| Phillips Cameron Randall | -- | None Available | |
| Phillips Thomas L | -- | None Available | |
| Phillips Thomas L | -- | None Available | |
| Phillips Thomas L | -- | None Available | |
| Rogers Donald R | -- | Accommodation | |
| Phillips Thomas L | -- | Equity Title Orange County-I | |
| Phillips Andrew M | -- | First American Title Ins Co | |
| Phillips Andrew M | $1,570,000 | -- | |
| Savage Michael M | -- | Old Republic Title Company | |
| Savage Jacqueline P | -- | -- | |
| Savage Jacqueline P | -- | -- | |
| Savage Michael M | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 2724 Ocean Blvd Llc | $1,316,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $1,950,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $14,500,000 | |
| Previous Owner | 2724 Ocean Blvd | $0 | |
| Previous Owner | 2724 Ocran Blvd Llc | $0 | |
| Previous Owner | 2724 Ocean Blvd Llc | $2,200,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $2,200,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $11,250,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $11,250,000 | |
| Previous Owner | 2724 Ocean Blvd Llc | $1,450,000 | |
| Previous Owner | First American Trust Fsb | $1,500,000 | |
| Previous Owner | Phillips Andrew M | $6,000,000 | |
| Previous Owner | Phillips Andrew M | $4,500,000 | |
| Previous Owner | Phillips Andrew M | $1,500,000 | |
| Previous Owner | Phillips Andrew M | $999,900 | |
| Previous Owner | Savage Michael M | $83,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2023 06/16/23 | Sold | $15,500,000 | -13.8% | $2,162 / Sq Ft |
| 05/25/2023 05/25/23 | Pending | -- | -- | -- |
| 05/06/2023 05/06/23 | Price Changed | $17,990,000 | -9.6% | $2,510 / Sq Ft |
| 04/13/2023 04/13/23 | Price Changed | $19,900,000 | -9.5% | $2,776 / Sq Ft |
| 03/05/2023 03/05/23 | For Sale | $21,995,000 | +69.2% | $3,068 / Sq Ft |
| 02/09/2018 02/09/18 | Sold | $13,000,777 | -12.0% | $1,857 / Sq Ft |
| 01/22/2018 01/22/18 | Pending | -- | -- | -- |
| 10/11/2017 10/11/17 | For Sale | $14,777,777 | -- | $2,111 / 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 | $166,748 | $16,248,870 | $13,978,489 | $2,270,381 |
| 2024 | $166,748 | $15,810,000 | $13,704,401 | $2,105,599 |
| 2023 | $162,867 | $15,500,000 | $13,435,687 | $2,064,313 |
| 2022 | $146,978 | $13,939,458 | $11,989,335 | $1,950,123 |
| 2021 | $144,150 | $13,666,136 | $11,754,250 | $1,911,886 |
| 2020 | $142,769 | $13,526,007 | $11,633,725 | $1,892,282 |
| 2019 | $139,774 | $13,260,792 | $11,405,613 | $1,855,179 |
| 2018 | $165,671 | $15,731,667 | $13,777,907 | $1,953,760 |
| 2017 | $162,731 | $15,423,203 | $13,507,752 | $1,915,451 |
| 2016 | $159,049 | $15,120,788 | $13,242,894 | $1,877,894 |
| 2015 | $157,894 | $14,893,660 | $13,043,973 | $1,849,687 |
| 2014 | $154,267 | $14,601,914 | $12,788,459 | $1,813,455 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Jeffrey Golden
Coldwell Banker Realty
(949) 275-1989
1 in this area
52 Total Sales
-
Seller's Agent in 2018
Robert Pfeif
Pfeif Group, Inc.
(949) 717-7100
3 in this area
28 Total Sales
-
C
Seller Co-Listing Agent in 2018
Chris Valli
Surterre Properties Inc.
-
P
Buyer's Agent in 2018
Paul Dolkas
Berkshire Hathaway HomeService
(949) 644-6200
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23013619
APN: 052-040-03
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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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