NOT LISTED FOR SALE

Estimated Value: $5,127,000 - $9,344,000

4 Beds
4.5 Baths
2,812 Sq Ft
$2,746/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $5,610,000 $1,995 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $46,311/month

67 Days on Market

Highlights

  • Private Dock Site
  • Home fronts a seawall
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Pier
  • 2-minute walk to Lido Park

About This Home

As of May 2018

Rare combination - Dock for 100' boat and a motivated seller! Add to the formula a meticulous home perched on the Lido Turning Basin with mesmerizing views of the Newport Harbor and city lights. From this vantage point you have front row seats to all of the fun of Newport Bay, paddleboarding, sailing races, morning crew workouts and the world-famous Christmas and Fourth of July Boat Parades. Located within walking distance of the new Lido Village with its fine dining and world-class shopping, this luxurious sun-drenched home features a large living room with a fireplace, a formal dining room, a kitchen with top-of-the-line Viking stainless steel appliances, gleaming white cabinets and Caesarstone countertops, a large waterside stone patio, a downstairs bedroom with a marble bath and two-car attached garage. The upstairs of the home features a large waterfront master suite with a retreat, fireplace, marble bath with a Jacuzzi tub and two bedrooms that share a Jack-n-Jill bath. The third level features a loft bedroom with a private bath and a roof top deck with panoramic vistas. The handsome palette of finish materials includes Travertine Marble, Granite, Wood doors and windows, wrought iron railing and elegant light fixtures. The property is truly one of the "rarest of the rare".

Last Agent to Sell the Property

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496 Listed on: 03/09/2018

Pacific Sotheby's Int'l Realty

Co-Listed By

Steve High

Pacific Sotheby’s International Realty License #00936421

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,398

Year Built

  • Built in 2001

Lot Details

  • 3,008 Sq Ft Lot
  • Home fronts a seawall
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Fenced
  • Fence is in good condition
  • Rectangular Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Custom Home
  • Turnkey
  • Fire Rated Drywall
  • Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,812 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Fireplace With Gas Starter
  • See Through Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Custom Window Coverings
  • Blinds
  • Wood Frame Window
  • French Doors
  • Panel Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Utility Room
  • Stone Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Oven
  • Gas Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Pier
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Balcony
  • Stone Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Via Lido HOA

Listing and Financial Details

  • Assessor Parcel Number 42312315

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,398

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Subdivision Name Other: Lido Peninsula (LIPN)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42312315
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2812.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Copper Plumbing Full, Crown Molding, High Ceilings, Living Room Deck Attached, Pantry, Recessed Lighting, Vacuum Central, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors, Panel Doors
  • Eating Area: Area, Dining Room
  • Fireplace Features: Living Room, Master Bedroom, Master Retreat, Gas Starter, See Through
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1995.02
  • Room Type: Entry, Foyer, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office, Retreat, Utility Room, Walk-In Closet
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Drapes, Plantation Shutters, Wood Frames
  • Bathroom Features: Bathtub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Hollywood Bathroom (Jack&Jill), Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Separate Tub And Shower, Vanity Area, Walk-In Shower

Exterior Features

  • Patio: Yes
  • Exterior Features: Dock Private, Pier
  • View: Water
  • Fence: Yes
  • Fencing: Good Condition
  • Patio And Porch Features: Deck, Patio, Stone
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Garage, Garage Faces Front, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Warming Drawer
  • Heating Type: Zoned, Forced Air
  • Laundry Features: Inside, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Association Name: Via Lido HOA
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level, Sprinkler System, Walkstreet
  • Lot Size Sq Ft: 3008.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock, Navigable Water, Ocean Side of Freeway, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Census Tract: 635.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2020
Sold by
Gallaway Thomas
Bought by
Bright Land Acacia Llc
Current Estimated Value
$7,722,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,390,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 26, 2018
Sold by
Islander Maritime Corporation
Bought by
Gallaway Thomas
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Steve High
Pacific Sotheby's Int'l Realty
List Price
$6,395,000
Sold Price
$5,610,000
Premium/Discount to List
-$785,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$3,927,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 25, 2018
Sold by
Gallaway Lezlie
Bought by
Gallaway Thomas
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Steve High
Pacific Sotheby's Int'l Realty
List Price
$6,395,000
Sold Price
$5,610,000
Premium/Discount to List
-$785,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,927,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2018
Sold by
Islander Maritime Corporation
Bought by
Islander Maritime Corporation

Purchase Details

Closed on
May 5, 2003
Sold by
Etco Development Inc
Bought by
Atlantis Lido Inc

Purchase Details

Closed on
Nov 11, 2002
Sold by
Marvin Engineering Co Inc
Bought by
Etco Development Inc
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
Bright Land Acacia Llc $5,650,000 First American Title Company
Gallaway Thomas $5,610,000 Chicago Title Co
Gallaway Thomas -- Chicago Title Co
Islander Maritime Corporation -- Chicago Title Co
Atlantis Lido Inc $3,500,000 Fidelity National Title
Etco Development Inc -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bright Land Acacia Llc $3,390,000
Previous Owner Gallaway Thomas $3,927,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $5,610,000 -12.3% $1,995 / Sq Ft
03/09/2018 03/09/18 For Sale $6,395,000 -- $2,274 / 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 $64,398 $6,204,568 $5,414,419 $790,149
2024 $64,398 $6,082,910 $5,308,254 $774,656
2023 $62,897 $5,963,638 $5,204,171 $759,467
2022 $61,786 $5,839,489 $5,102,128 $737,361
2021 $60,425 $5,708,534 $5,002,086 $706,448
2020 $61,738 $5,836,644 $5,127,510 $709,134
2019 $60,445 $5,722,200 $5,026,970 $695,230
2018 $47,172 $4,455,141 $3,867,346 $587,795
2017 $46,337 $4,367,786 $3,791,516 $576,270
2016 $45,291 $4,282,144 $3,717,173 $564,971
2015 $44,868 $4,217,823 $3,661,338 $556,485
2014 $43,809 $4,135,202 $3,589,617 $545,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18054983

California Regional Multiple Listing Service (CRMLS)

APN: 423-123-15