NOT LISTED FOR SALE

Estimated Value: $7,643,000 - $9,170,460

3 Beds
5 Baths
3,100 Sq Ft
$2,779/Sq Ft Est. Value

Last Sold July 23, 2019

Last sale price $9,900,000 $3,194 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $55,729/month

84 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Heated In Ground Pool
  • El Morro Elementary School Rated A+
  • Property has ocean access
  • 3-minute walk to Lang Park

About This Home

As of July 2019

PRESENTING THE MOST SPECTACULAR BEACH/OCEANFRONT HOME WITH PRIVATE BEACH ACCESS! The perfect backdrop where opulence and the ideal beachfront setting captures a dramatic blend of pure ocean breezes and stunning views, complete with a stairway leading right to the sand ….just steps from the world famous Montage Resort! This luxurious masterpiece has been completely renovated & highly upgraded w/the finest quality finishes, while the impressive wood floors invite a relaxed coastal ambiance in this grand open floorplan. Sweeping white water views from nearly every room make this home the perfect coastal getaway for intimate gatherings. Expansive outdoor spaces flow seamlessly between indoor & outdoor living areas, complete w/conversational venue around the firepit, poolside lounging area, room to play, BBQ and capacious decks from multiple levels to entertain the ultimate Southern California lifestyle. Chefs will glee in the highly upgraded kitchen w/Thermador appliances, double ovens, built-in refrigerator, wine fridge, Miele coffee station +more. The commodious master bedroom w/cozy fireplace draws you to the spectacular sunset views from its private deck, complete w/ample walk-in closet + built-in kitchenette. The sumptuous spa-like master bath boasts heated travertine floors, aromatherapy bathtub overlooking the blue sea, steam shower w/sauna & dual vanities. Other highlights include solar, charging station, top security system + much more. Welcome to your beach haven!

Last Agent to Sell the Property

Cesi Pagano

Keller Williams Realty License #01043716 Listed on: 04/19/2019

Keller Williams Realty

Co-Listed By

Jackie Homrighausen

Coldwell Banker Realty License #02006098

Last Buyer's Agent

Kelly Brennan

Compass License #01887197

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $109,793

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 7,301 Sq Ft Lot
  • Beach Front
  • Property fronts a highway
  • Glass Fence
  • Vinyl Fence
  • Wood Fence
  • Landscaped
  • Lot Sloped Down
  • Backyard Sprinklers
  • Lawn
  • Back and Front Yard
  • Value in Land

Parking

  • 3 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Driveway Level

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • Bluff

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,100 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Wired For Sound
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Window Screens
  • Sliding Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Atrium Room

Kitchen

  • Kitchenette
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers
  • Trash Compactor
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Heated Floor in Bathroom
  • Quartz Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Multiple Shower Heads
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

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

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Covered Patio or Porch
  • Fire Pit
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Tankless Water Heater
  • Gas Water Heater
  • Water Purifier
  • Water Softener

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 05601208

Home Details

Home Type

Single Family

Est. Annual Taxes

$109,793

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator, Washer & Dryer
  • Other Phone Description: Jackie H.
  • Other Phone Number: 949-300-8212
  • Property Attached: No
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: South Laguna Bluffs (SLB)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05601208
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3100.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Intercom, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Unfurnished, Wet Bar, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook
  • Fireplace Features: Living Room, Master Bedroom, Gas, Gas Starter, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3193.55
  • Room Type: Atrium, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Suite, Office, Retreat, Walk-In Closet
  • Spa Features: Private, Heated, In Ground
  • Window Features: Double Pane Windows, Plantation Shutters, Screens, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Heated Floor, Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Quartz Counters, Remodeled, Separate Tub And Shower, Soaking Tub, Upgraded, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Kitchen Island, Kitchen Open To Family Room, Kitchenette, Quartz Counters, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Coastline, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Glass, Vinyl, Wood
  • Patio And Porch Features: Covered, Deck, Stone
  • Pool Features: Private, Heated, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Driveway, Driveway Level, Garage, Garage Faces Front
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 7.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Self Cleaning Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Range, Gas Water Heater, High Efficiency Water Heater, Instant Hot Water, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Trash Compactor, Vented Exhaust Fan, Water Purifier, Water Softener
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Laguna Beach Unified
  • Middle School: Thurston
  • High School: Laguna Beach
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Bluff, Sloped Down, Front Yard, Landscaped, Lawn, Sprinkler System, Sprinklers In Rear, Value In Land
  • Lot Size Sq Ft: 7301.00
  • Lot Size Acres: 0.1676

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7301.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1, Sea Front, Seawall

Tax Info

  • Tax Census Tract: 626.32
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
Jul 16, 2019
Sold by
Gibson Timothy E
Bought by
31051 Coast Highway Llc
Seller's Agent
Cesi Pagano
Keller Williams Realty
Buyer's Agent
Kelly Brennan
Compass
List Price
$10,950,000
Sold Price
$9,900,000
Premium/Discount to List
-$1,050,000
-9.59%
Current Estimated Value
$8,615,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,284,513
Avg. Annual Appreciation
-3.11%
Original Mortgage
$9,600,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2016
Sold by
Gibson Sari
Bought by
Gibson Timothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 4, 2016
Sold by
Gibson Timothy E
Bought by
Gibson Timothy E and The Timothy E Gibson Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 18, 2015
Sold by
Gibson Timothy E
Bought by
Gibson Timothy E and Timothy E Gibson Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2014
Sold by
Gibson Timothy E
Bought by
Gibson Timothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 29, 2012
Closed on
Jun 10, 2013
Sold by
Meltzer Peter T and Meltzer Carol
Bought by
Gibson Timothy E and Timothy E Gibson Living Trust
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$7,550,000
Sold Price
$6,655,788
Premium/Discount to List
-$894,212
-11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.68%

Purchase Details

Closed on
Mar 15, 2006
Sold by
Midstream Exchange Co
Bought by
Meltzer Peter T and Meltzer Carol

Purchase Details

Closed on
Jan 16, 2004
Sold by
Graham Patrick L and Graham Joanne C
Bought by
Midstream Exchange Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,650,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2003
Sold by
Goldschmidt Anthony and Goldschmidt Joy
Bought by
Graham Patrick L and Graham Joanne C
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
31051 Coast Highway Llc $9,900,000 Chicago Title Company
Gibson Timothy E -- Old Republic Title Company
Gibson Timothy E -- Accommodation
Gibson Timothy E -- Old Republic Title Company
Gibson Timothy E -- Accommodation
Gibson Timothy E -- Lawyers Title Co
Gibson Timothy E -- Lawyers Title
Gibson Timothy E $6,656,000 None Available
Meltzer Peter T -- None Available
Midstream Exchange Co $3,650,000 Equity Title Company
Graham Patrick L $3,500,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 31051 Coast Highway Llc $7,920,000
Closed 31051 Coast Highway Llc $9,600,000
Previous Owner Gibson Timothy E $870,000
Previous Owner Gibson Timothy E $625,500
Previous Owner Midstream Exchange Co $3,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2019 07/23/19 Sold $9,900,000 -9.6% $3,194 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $10,950,000 +64.5% $3,532 / Sq Ft
07/25/2013 07/25/13 Sold $6,655,788 -8.4% $2,147 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
05/09/2013 05/09/13 Price Changed $7,270,000 -3.7% $2,345 / Sq Ft
10/29/2012 10/29/12 Price Changed $7,550,000 0.0% $2,435 / Sq Ft
10/29/2012 10/29/12 For Sale $7,550,000 -- $2,435 / 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 $109,793 $10,827,096 $9,620,714 $1,206,382
2024 $109,793 $10,614,800 $9,432,072 $1,182,728
2023 $107,617 $10,406,667 $9,247,129 $1,159,538
2022 $105,770 $10,202,615 $9,065,813 $1,136,802
2021 $103,546 $10,002,564 $8,888,052 $1,114,512
2020 $102,789 $9,900,000 $8,796,915 $1,103,085
2019 $80,861 $7,786,324 $6,787,077 $999,247
2018 $79,136 $7,633,651 $6,653,997 $979,654
2017 $77,581 $7,483,972 $6,523,526 $960,446
2016 $70,646 $6,794,342 $6,395,614 $398,728
2015 $70,419 $6,788,770 $6,299,546 $489,224
2014 $69,209 $6,655,788 $6,176,147 $479,641
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19080844

California Regional Multiple Listing Service (CRMLS)

APN: 056-012-08