NOT LISTED FOR SALE

Estimated Value: $8,420,000

6 Beds
9 Baths
10,010 Sq Ft
$841/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $35,500,000 $3,546 Per Sq Ft

Current estimated payment $55,209/month

140 Days on Market

Highlights

  • Ocean Front
  • Wine Cellar
  • Heated In Ground Pool
  • El Morro Elementary School Rated A+
  • Home Theater
  • Rooftop Deck

About This Home

As of November 2021

Among the finest trophy estates to be publicly offered along the California Coastline, this newly reimagined and reconstructed Legacy estate is championed behind the ultra-exclusive gated enclave of Smithcliffs, sited on an expansive, front row bluff-front parcel spanning over half an acre. Completed in 2021, 33 Smithcliffs is ideally situated to optimize the unparalleled views of the Pacific Ocean’s sparkling waters, Catalina Island’s rolling cliff-sides, and the coastline’s roaring white-water, nearly every room from the home enjoys this surreal backdrop. The newly constructed estate is a collaborative effort with creative architectural mastermind Carlton Graham, exceptional design elements by Michael Fullen, and unparalleled craftsmanship by Hill Construction; this property sets an unprecedented high standard for warm, modern, interior design through its careful selection of the richest materials, lustrous textures, and serene patterns. Boasting ~10,000ft of newly designed, on-grade living space, the entrance delivers a magnificent first impression thanks to soaring ceiling heights characterized by 20 foot high, motorized pocketing doors that seamlessly weave the indoor & outdoor living spaces together. A gourmet chef’s kitchen, highlighted by professional grade Miele appliances, exquisite custom cabinetry, full secondary prep kitchen, lies adjacent to the family room, which is complemented by delicately book-matched natural stone fireplace wall, incredible sit-down ocean and coastline views, and an abundance of natural light that permeates every corner of the interior. The 6 bedroom, 9 bath residence is generously appointed with a main-floor master suite, featuring a spa like master bath with steam shower and heated floors, dual walk-in closets with custom built-ins; gym, library, elevator, walk in glass-encased wine cellar, 6 car garage, awe-inspiring unobstructed ocean views from nearly every room, and an expansive ~1800ft sunbathing ocean view roof-deck, providing a level of accommodation rivaling the world’s best resort destinations. A property unlike any other, this once-in-a-lifetime opportunity to own this generational treasure is a dream brought to life. Timeless. Irreplaceable. 33 Smithcliffs.

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 06/14/2021

Co-Listed By

Michael Balliet

Luxe Real Estate License #02021742

Last Buyer's Agent

Johnson Liu

DYNASTY REAL ESTATE License #02024650

DYNASTY REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $356,849

Year Built

  • Built in 1998

Lot Details

  • 0.56 Acre Lot
  • Ocean Front
  • South Facing Home
  • Glass Fence
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Modern Architecture
  • Planned Development

Interior Spaces

  • 10,010 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Skylights
  • Formal Entry
  • Wine Cellar
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Game Room
  • Home Gym
  • Smart Home
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Upgraded Bathroom
  • Heated Floor in Bathroom
  • Bidet
  • Bathtub
  • Walk-in Shower

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • El Morro Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 13988
  • Assessor Parcel Number 05330159

Community Details

Overview

  • Smithcliffs Association, Phone Number (714) 508-9070
  • Optimum Professonal Property Mngmnt HOA
  • Smithcliffs Subdivision

Security

  • Security Service
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$356,849

Year Built

Built in 1998

Lot Details

0

HOA Fees

$1,000 per month

Parking

6

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Show Phone Paul
  • Other Phone Number: 714.865.5969
  • Property Attached: No
  • Subdivision Name Other: Smithcliffs (SMC)
  • View: Yes
  • Architectural Style: Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05330159
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 10010.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Elevator, High Ceilings, Home Automation System, Open Floorplan, Pantry, Stone Counters, Two Story Ceilings, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Fireplace Features: Living Room, Master Bedroom, Great Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3546.45
  • Room Type: Bonus Room, Entry, Exercise Room, Family Room, Formal Entry, Foyer, Game Room, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Media Room, Office, Two Masters, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, In Ground
  • Window Features: Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Shower, Heated Floor, Upgraded
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Kitchen Open To Family Room, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Glass, Wrought Iron
  • Patio And Porch Features: Covered, Roof Top
  • Pool Features: Private, Heated, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Double Oven, Microwave, Range Hood, Refrigerator
  • Heating Type: Central, Zoned
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Management, Security
  • Association Fee: 1000.00
  • Association Fee Frequency: Monthly
  • Association Name: Smithcliffs
  • Phone: 7145089070
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks
  • Association Management: Optimum Professonal Property Mngmnt

Schools

  • School District: Laguna Beach Unified
  • Elementary School: El Morro
  • Middle School: Thurston
  • High School: Laguna Beach
  • Elementary School: El Morro
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: ELMOR
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24250.00
  • Lot Size Acres: 0.5567

Multi Family

  • Lease Considered: No
  • Lot Size Area: 24250.0000 Square Feet
  • Number Of Units In Community: 20
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 23
  • Tax Tract Number: 13988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Nov 11, 2021
Sold by
Gerayli Afshin and Gerayli Anoosheh
Bought by
Tsai Daniel and Tsai Rosy
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Johnson Liu
DYNASTY REAL ESTATE
List Price
$48,850,000
Sold Price
$35,500,000
Premium/Discount to List
-$13,350,000
-27.33%
Current Estimated Value
$8,420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,080,000
Avg. Annual Appreciation
-31.73%

Purchase Details

Listed on
Nov 16, 2015
Closed on
Feb 8, 2017
Sold by
Marx Oscar B and Luke Marx Kathleen E
Bought by
Gerayli Afshin and Gerayli Anoosheh
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Amin Davari
Premier Realty Associates
List Price
$19,995,000
Sold Price
$12,500,000
Premium/Discount to List
-$7,495,000
-37.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.99%
Original Mortgage
$3,000,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 2016
Sold by
Marx Oscar B
Bought by
Marx Oscar B and Luke Marx Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 21, 2016
Sold by
Marx Nancy G
Bought by
Marx Oscar B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 5, 2005
Sold by
Marx Oscar B and Marx Nancy G
Bought by
Marx Oscar B and Marx Nancy G
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
Tsai Daniel $35,500,000 North American Title Company
Gerayli Afshin $12,500,000 Ticor Title
Marx Oscar B -- Fidelity National Title Co
Marx Oscar B -- None Available
Marx Oscar B -- None Available
Marx Oscar B -- --
Marx Oscar B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerayli Afshin $9,000,000
Previous Owner Marx Oscar B $3,000,000
Previous Owner Marx Oscar B $1,100,000
Previous Owner Marx Oscar B $2,000,000
Previous Owner Marx Oscar B $1,100,000
Previous Owner Marx Oscar B $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2021 11/18/21 Sold $35,500,000 -27.3% $3,546 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $48,850,000 +37.6% $4,880 / Sq Ft
06/15/2021 06/15/21 Off Market $35,500,000 -- --
06/14/2021 06/14/21 For Sale $48,850,000 +290.8% $4,880 / Sq Ft
03/16/2017 03/16/17 Sold $12,500,000 -35.9% $1,236 / Sq Ft
09/29/2016 09/29/16 Price Changed $19,495,000 -2.5% $1,928 / Sq Ft
11/16/2015 11/16/15 For Sale $19,995,000 -- $1,977 / 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 $356,849 $35,734,718 $31,023,644 $4,711,074
2024 $356,849 $35,034,038 $30,415,338 $4,618,700
2023 $348,968 $34,347,097 $29,818,959 $4,528,138
2022 $342,362 $33,673,625 $29,234,274 $4,439,351
2021 $111,522 $10,893,589 $9,336,741 $1,556,848
2020 $107,406 $10,495,688 $9,241,004 $1,254,684
2019 $115,120 $11,232,794 $9,059,807 $2,172,987
2018 $112,869 $11,012,544 $8,882,164 $2,130,380
2017 $39,375 $3,792,006 $1,703,398 $2,088,608
2016 $38,615 $3,717,653 $1,669,998 $2,047,655
2015 $38,021 $3,661,811 $1,644,913 $2,016,898
2014 $37,286 $3,590,082 $1,612,692 $1,977,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21113452

California Regional Multiple Listing Service (CRMLS)

APN: 053-301-59