NOT LISTED FOR SALE

Estimated Value: $6,966,292 - $8,394,000

3 Beds
3.5 Baths
2,583 Sq Ft
$2,946/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $6,600,000 $2,555 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $45,865/month

403 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Highway 1
  • Wood Flooring
  • Newport Elementary School Rated A
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of March 2024

The charm of Cape Cod meets the allure of Newport Beach at this elegant oceanfront residence on the Balboa Peninsula. Step onto the sand from your spacious front patio, and enjoy panoramic ocean, beach and sunset views from the primary suite’s balcony. A shingled-cottage exterior creates a welcoming ambiance at the seaside home, which showcases a seamless open-concept main level that opens to the front patio and features a living room with fireplace and built-in cabinetry, a spacious dining room, and a custom kitchen with black stone countertops, a hand-carved island with butcher-block top, white bead-board cabinetry with illuminated glass uppers, a pantry with a custom French door, and a suite of top-of-the-line appliances from Sub-Zero, Wolf and Dacor. Wood flooring graces the entire residence and complements impeccably crafted millwork, including crown molding, wainscoting and custom vanities. Upscale nautical elements complement the beachfront setting, and an elegant staircase, skylights, custom tilework, and premium paint and wall treatments embellish throughout. Three ensuite bedrooms and three- and one-half baths are revealed in a two-level floorplan of approximately 2,583 square feet. All bedrooms are crowned with vaulted ceilings, and the ocean-view primary suite presents a sitting area with fireplace, two walk-in closets with furniture-caliber built-ins, and an opulent bath with separate vanities, a separate shower and a jetted tub. The home’s location is without compare. Not only does it open directly to the beach, it is just a few blocks from the Balboa Fun Zone, the Balboa Island ferry terminal, Peninsula Park and the Balboa Pier. Nationally acclaimed schools serve the community, and Fashion Island, Newport Coast, Crystal Cove, Corona del Mar and Laguna Beach are enviably convenient.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 01/19/2023

Coldwell Banker Realty

Last Buyer's Agent

Jessie Rodriguez

Cal American Homes License #01418054

Cal American Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,832

Year Built

  • Built in 2001

Lot Details

  • 2,400 Sq Ft Lot
  • Ocean Front
  • Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic

Interior Spaces

  • 2,583 Sq Ft Home
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Recessed Lighting
  • Blinds
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Multiple Shower Heads
  • Separate Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting

Schools

  • Newport Elementary School
  • Horace Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 8 / 2
  • Tax Tract Number 510
  • Assessor Parcel Number 04808216
  • $369 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,832

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949.919.7799
  • Other Phone Description: Showings
  • Other Phone Number: 949.919.7799
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04808216
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2583.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Crown Molding, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room, Primary Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2555.17
  • Room Type: Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Primary Bath, Dual Shower Heads (or Multiple), Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Exterior Features: Lighting
  • View: Coastline, Ocean, Panoramic, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Freezer, Gas Oven, Gas Cooktop, Microwave, Range Hood, Refrigerator, Warming Drawer
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Horace Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Horace Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 628.00
  • Tax Lot: 8
  • Tax Tract Number: 510
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Mar 4, 2024
Sold by
2361 Newport Llc
Bought by
Gates Family Trust and Gates
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Jessie Rodriguez
Cal American Homes
List Price
$7,895,000
Sold Price
$6,600,000
Premium/Discount to List
-$1,295,000
-16.4%
Views
320
Current Estimated Value
$7,610,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,010,073
Avg. Annual Appreciation
9.96%

Purchase Details

Closed on
Jan 26, 2006
Sold by
The Asny Corp
Bought by
2361 Newport Llc

Purchase Details

Closed on
Jan 13, 2003
Sold by
Hayden Jack N
Bought by
The Asny Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.83%

Purchase Details

Closed on
Jul 3, 2001
Sold by
31 E Oceanfront Llc
Bought by
Hayden Jack N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.12%
Source: Public Records

Range of Values:

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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
Gates Family Trust $6,575,000 Fidelity National Title
2361 Newport Llc $3,767,500 Chicago Title
The Asny Corp $2,375,000 Stewart Title
Hayden Jack N -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Asny Corp $1,350,000
Previous Owner The Asny Corp $1,300,000
Previous Owner Hayden Jack N $650,000
Previous Owner Hayden Jack N $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $6,600,000 -5.6% $2,555 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
09/25/2023 09/25/23 Price Changed $6,995,000 -6.7% $2,708 / Sq Ft
07/24/2023 07/24/23 Price Changed $7,495,000 -5.1% $2,902 / Sq Ft
01/19/2023 01/19/23 For Sale $7,895,000 -- $3,057 / 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 $63,832 $6,706,500 $6,174,594 $531,906
2024 $63,832 $6,029,056 $5,375,628 $653,428
2023 $62,343 $5,910,840 $5,270,224 $640,616
2022 $61,318 $5,794,942 $5,166,887 $628,055
2021 $60,139 $5,681,316 $5,065,575 $615,741
2020 $59,563 $5,623,062 $5,013,634 $609,428
2019 $58,317 $5,512,806 $4,915,327 $597,479
2018 $57,151 $5,404,712 $4,818,948 $585,764
2017 $56,138 $5,298,738 $4,724,459 $574,279
2016 $54,870 $5,194,842 $4,631,823 $563,019
2015 $54,358 $5,116,811 $4,562,249 $554,562
2014 $53,075 $5,016,580 $4,472,881 $543,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23004858

California Regional Multiple Listing Service (CRMLS)

APN: 048-082-16