NOT LISTED FOR SALE

Estimated Value: $7,250,000 - $18,712,160

6 Beds
9 Baths
7,130 Sq Ft
$1,821/Sq Ft Est. Value

Last Sold May 28, 2015

Last sale price $13,750,000 $1,928 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $84,554/month

4 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Primary Bedroom Suite
  • Harbor View Elementary School Rated A
  • Rooftop Deck
  • Ocean Side of Highway 1

About This Home

As of May 2015

Perched above the cliffs of Corona del Mar, this spectacular custom home was designed, constructed and furnished by Spinnaker Development. This turn-key property offers the best of coastal living paired with superior craftsmanship, traditional design and modern amenities. The luxurious master suite with retreat and private balcony offers sweeping views of the Pacific, Newport coastline and Catalina. Five additional oversized bedroom suites, a spacious great room, state-of-the-art movie theater with acoustic treatments, a gym, and game room all provide ample room for entertaining guests. Custom finishes are provided throughout: a walk-in wine cellar; elevator; custom cabinetry; exquisite stone and marble work; rooftop deck; wet bar; and a highest level of finish carpentry with paneling, wainscoting and trim work. Outdoor living spaces abound with covered loggias, balconies, an outdoor fire pit, and a courtyard with a barbecue and water feature; offering ideal locations to unwind at the end of the day and embrace the gentle ocean breezes with family and friends. This property overlooks Big Corona and is conveniently located near renowned local shopping and dining. This is one of Ocean Blvd’s premier locations and Spinnaker’s greatest offering to date.

Last Agent to Sell the Property

Ron Millar

Arbor Real Estate License #01191748 Listed on: 03/18/2015

Arbor Real Estate

Last Buyer's Agent

Adrienne Brandes

Surterre Properties Inc. License #01337636

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $158,468

Year Built

  • Built in 2015

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts an alley

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic

Interior Spaces

  • 7,130 Sq Ft Home
  • Furnished
  • Built-In Features
  • Bar
  • Wainscoting
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Theater
  • Bonus Room
  • Home Gym
  • Smart Home
  • Laundry Room
  • Basement

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Primary Bedroom Suite

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Rooftop Deck
  • Covered patio or porch
  • Exterior Lighting

Additional Features

  • Accessible Elevator Installed
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Custom

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 648
  • Assessor Parcel Number 05211309

Home Details

Home Type

Single Family

Est. Annual Taxes

$158,468

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05211309
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7130.00
  • Interior Amenities: Bar, Beamed Ceilings, Built-in Features, Balcony, Elevator, Furnished, Home Automation System, High Ceilings, Pantry, Recessed Lighting, Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 5
  • Total Bedrooms: 6
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 1928.47
  • Room Type: Basement, Bonus Room, Family Room, Formal Entry, Foyer, Great Room, Exercise Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Retreat, Home Theatre
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Covered, Deck, Front Porch, Roof Top, Stone
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2015
Sold by
Spinnaker Development Llc
Bought by
Schmalz James David and Schmalz Meridith Marie
Current Estimated Value
$12,981,080

Purchase Details

Closed on
Oct 26, 2012
Sold by
Flaherty Heather
Bought by
Spinnaker Development Llc

Purchase Details

Closed on
Mar 21, 2011
Sold by
Flaherty Heather and Burkard Arthur
Bought by
Flaherty Heather

Purchase Details

Closed on
Apr 6, 2007
Sold by
Anderson Helen A
Bought by
Anderson Helen A

Purchase Details

Closed on
Apr 1, 2007
Sold by
Anderson Helen A
Bought by
Anderson Helen A and Helen A Anderson 2007 Trust
Source: Public Records

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Range of Values:

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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
Schmalz James David $13,750,000 North American Title Company
Spinnaker Development Llc $5,000,000 North American Title Company
Flaherty Heather -- None Available
Anderson Helen A -- None Available
Anderson Helen A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spinnaker Development Llc $8,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2015 05/28/15 Sold $13,750,000 -8.3% $1,928 / Sq Ft
03/22/2015 03/22/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $14,995,000 +199.9% $2,103 / Sq Ft
02/11/2013 02/11/13 Sold $5,000,000 -4.3% $3,534 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
05/29/2012 05/29/12 Price Changed $5,225,000 -5.0% $3,693 / Sq Ft
05/08/2012 05/08/12 Price Changed $5,500,000 -3.5% $3,887 / Sq Ft
02/22/2012 02/22/12 For Sale $5,700,000 -- $4,028 / 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
2024 $158,468 $15,023,128 $10,848,854 $4,174,274
2023 $154,780 $14,728,557 $10,636,131 $4,092,426
2022 $152,240 $14,439,762 $10,427,579 $4,012,183
2021 $149,310 $14,156,630 $10,223,117 $3,933,513
2020 $147,880 $14,011,472 $10,118,292 $3,893,180
2019 $144,777 $13,736,738 $9,919,894 $3,816,844
2018 $141,877 $13,467,391 $9,725,387 $3,742,004
2017 $139,360 $13,203,325 $9,534,693 $3,668,632
2016 $136,207 $12,944,437 $9,347,738 $3,596,699
2015 $73,701 $6,949,106 $5,051,211 $1,897,895
2014 -- $5,298,455 $4,952,265 $346,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15056911

California Regional Multiple Listing Service (CRMLS)

APN: 052-113-09