Seller's Agent in 2023
Paul Daftarian
Luxe Real Estate
(714) 865-5969
23 in this area
250 Total Sales
2889 Way Ln Corona Del Mar, CA 92625
Corona Del Mar NeighborhoodEstimated Value: $5,616,000 - $18,897,339
4
Beds
5
Baths
4,642
Sq Ft
$2,640/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Fishing
- Harbor View Elementary School Rated A
- Property has ocean access
- 1-minute walk to Lookout Point
About This Home
As of November 2023Showcased on a trophy bluff-top dream lot in one of the most exclusive coves in the world, China Cove, suspended above water, 2889 Way Ln is arguably the most treasured & distinguishable custom home to be prominently positioned within the iconic mouth of the Newport Beach Jetty. After a rigorous 6 year process, completed in 2022, this irreplaceable waterfront achievement embodies masterful craftsmanship, divine modern architecture, set against unparalleled views of the Pacific Ocean’s sparkling waters, Catalina Island’s rolling cliff-sides, captivating boat activity flowing in & out of the harbor, marine life, & picturesque sunsets year-round. The newly redesigned turnkey residence showcases bright & open-concept living spaces, entertainment-ready outdoor space, & countless thoughtful design features. A beautiful symphony of soft contemporary design & effortless flow create a truly unique experience of space; beginning with a welcoming foyer and oversized great room, dining room with vaulted ceilings, offering awe-inspiring unobstructed sunrise to sunset panoramas from nearly every perspective. Impeccable craftsmanship is on display in the chefs kitchen, lined with sleek custom cabinetry, pro-series appliances, a marvelous 16’ seven person waterfall island, & stone countertops throughout. Spanning ~4,642 SF, the residence intertwines the indoor and outdoor spaces through the use of oversized glass windows & Fleetwood sliding doors, which open to multiple wraparound balconies offering sweeping ocean views & brilliant coastline frames, as well as a central courtyard with outdoor fireplace, BBQ, & various seating options. The lower level space is the perfect setting to host with walk-in bar, ocean front balcony, & dedicated powder room. The residence is highlighted by 4 beds & 1 functioning as home office + 5 baths. Ascend to a supremely private primary suit that spans the entirety of the upper level & opens up to a viewing balcony above the courtyard. Unwind by the fireplace, immerse yourself in the soothing sound of waves crashing below, indulge in the spa like bath outfitted with designer stonework, free standing soaking tub, rain shower, dual vanities, & generously appointed walk in closet. Additional home features include a 3 car garage plus driveway space for an additional 3 cars, smart home automation, & security. This legacy estate is just steps away form China Cove beach, Pirates Cove, Main beach, CdM Village, award-winning schools, & entertainment.
Last Agent to Sell the Property
Luxe Real Estate License #01317949 Listed on: 02/28/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $174,008
Year Built
- Built in 1972 | Remodeled
Lot Details
- 5,588 Sq Ft Lot
- Beach Front
- End Unit
- Landscaped
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 3 Car Direct Access Garage
- Parking Available
- Driveway
Property Views
- White Water Ocean
- Coastline
- Bay
- Harbor
- Catalina
- Panoramic
- City Lights
- Bluff
Home Design
- Custom Home
- Modern Architecture
- Split Level Home
- Turnkey
Interior Spaces
- 4,642 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wired For Sound
- Built-In Features
- Bar
- Cathedral Ceiling
- Recessed Lighting
- Entryway
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Storage
- Laundry Room
- Smart Home
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- <<microwave>>
- Freezer
- Dishwasher
- Kitchen Island
- Stone Countertops
Flooring
- Laminate
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
Outdoor Features
- Property has ocean access
- Living Room Balcony
- Outdoor Fireplace
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
Listing and Financial Details
- Legal Lot and Block 1 / C
- Tax Tract Number 186
- Assessor Parcel Number 05205030
- $369 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Corona Del Mar South Of Pch Subdivision
Recreation
- Fishing
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 27, 2023
Sold by
Richard Dean Lewis Family Trust
Bought by
Rdl Charitable Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
6.33%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 23, 2004
Sold by
Lewis Richard Dean
Bought by
Lewis Richard Dean
Purchase Details
Closed on
Jan 12, 2000
Sold by
Rdl Charitable Trust
Bought by
Rakshani Family Trust and Rakshani
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
7.19%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 11, 1998
Sold by
Eberlin Harry R
Bought by
Lewis Richard Dean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 25, 1996
Sold by
Eberlin Julianne
Bought by
Eberlin Harry R
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 |
|---|---|---|---|
| Rdl Charitable Trust | -- | -- | |
| Lewis Richard Dean | -- | Security Union Title | |
| Rakshani Family Trust | $16,500,000 | First American Title | |
| Lewis Richard Dean | $2,325,000 | Chicago Title Co | |
| Eberlin Harry R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Richard Dean Lewis Family Trus | $3,500,000 | |
| Previous Owner | Lewis Richard Dean | $3,000,000 | |
| Previous Owner | Lewis Richard Dean | $3,000,000 | |
| Previous Owner | Lewis Richard Dean | $500,000 | |
| Previous Owner | Lewis Richard Dean | $2,500,000 | |
| Previous Owner | Lewis Richard Dean | $2,537,685 | |
| Previous Owner | Lewis Richard D | $250,000 | |
| Previous Owner | Lewis Richard Dean | $2,500,000 | |
| Previous Owner | Lewis Richard Dean | $2,000,000 | |
| Previous Owner | Lewis Richard Dean | $250,000 | |
| Previous Owner | Lewis Richard Dean | $2,000,000 | |
| Previous Owner | Rakshani Family Trust | $9,000,000 | |
| Previous Owner | Lewis Richard Dean | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $16,500,000 | -10.8% | $3,555 / Sq Ft |
| 09/16/2023 09/16/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | Price Changed | $18,500,000 | -7.5% | $3,985 / Sq Ft |
| 05/02/2023 05/02/23 | Price Changed | $19,995,000 | -13.1% | $4,307 / Sq Ft |
| 02/28/2023 02/28/23 | For Sale | $22,998,000 | -- | $4,954 / 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 |
|---|---|---|---|---|
| 2024 | $174,008 | $16,500,000 | $14,106,980 | $2,393,020 |
| 2023 | $51,736 | $4,898,962 | $2,783,015 | $2,115,947 |
| 2022 | $46,540 | $4,389,918 | $2,728,446 | $1,661,472 |
| 2021 | $36,156 | $3,401,834 | $2,674,948 | $726,886 |
| 2020 | $32,061 | $3,010,970 | $2,647,520 | $363,450 |
| 2019 | $35,349 | $3,328,056 | $2,595,608 | $732,448 |
| 2018 | $34,643 | $3,262,800 | $2,544,713 | $718,087 |
| 2017 | $34,029 | $3,198,824 | $2,494,817 | $704,007 |
| 2016 | $33,189 | $3,136,102 | $2,445,899 | $690,203 |
| 2015 | $32,877 | $3,088,995 | $2,409,159 | $679,836 |
| 2014 | $32,100 | $3,028,486 | $2,361,967 | $666,519 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Daftarian
-
Obeid Habibi
Seller Co-Listing Agent in 2023
Obeid Habibi
Luxe Real Estate
(510) 575-1898
14 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23032274
APN: 052-050-30
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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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