NOT LISTED FOR SALE

Estimated Value: $6,234,000 - $9,300,855

4 Beds
4.5 Baths
4,847 Sq Ft
$1,584/Sq Ft Est. Value

Sale Details

Date Sold: February 26, 2021

Last sale price $8,800,000 $1,816 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $49,186 / mo

113 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Barn
  • Moulton Elementary Rated A
  • Detached Guest House
  • 1-minute walk to Salt Creek Beach Bluff Park

About This Home

As of February 2021

One of the finest "soft modern contemporary" custom built residences (only 6 yrs old), with ocean & Catalina views located within the prestigious "ocean front" 24 hour guard gated community of Ritz Cove! This superbly designed residence contains approximately 4900 sqft, 4 bedrooms, 4 1/2 baths, one with steamshower, a separate tv/bonus room and a main floor office/den. This meticulously maintained residence includes stone floors surfaces from Exquisite Surfaces Dalle De France, European white oak wood flooring, quartzite, marble and silver travertine slabs for countertops, motorized shades, adjustable art lighting, elevator, & a cantilevered stair to the second floor highlighted by a "sage glass" skylight with electronic diming, custom wet bar, wine storage and TV cabinet, a custom designed kitchen by Bulthap with Miele appliances with integrated panels, a "back of house custom pant y," & a center island kitchen with counter/bar seating. Main floor living/family room includes a motorized "pocketing" sliding aluminum "Door System" that open to the pool deck & ocean and Catalina views! The ocean view master suite has generous custom cabinetry, shoe storage and natural light! The master bath contains silver travertine stone, skylight, and Kallista fixtures. Outside patio area includes recessed infratech outdoor heaters, Viking BBQ, pool/spa, outdoor shower & custom metal fire table! Truly a must see residence for your most "discriminating purchaser!" Only the best!!!

Last Agent to Sell the Property

Robert Wolff

Harcourts Prime Properties License #01053562 Listed on: 10/08/2020

Harcourts Prime Properties

Last Buyer's Agent

Kristina Dodge

Compass License #02059019

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 7,200 Sq Ft Lot
  • Cul-De-Sac
  • Glass Fence
  • Stucco Fence
  • Fence is in excellent condition
  • Landscaped
  • Rectangular Lot
  • Front and Back Yard Sprinklers
  • On-Hand Building Permits

HOA Fees

  • $725 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces
  • Second Garage
  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway Up Slope From Street
  • Automatic Gate

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Neighborhood

Home Design

  • Custom Home
  • Contemporary Architecture
  • Modern Architecture
  • Turnkey
  • Planned Development
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 4,847 Sq Ft Home
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Entryway
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Dining Room
  • Home Office
  • Bonus Room
  • Game Room
  • Sauna
  • Home Gym
  • Stone Flooring

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Dressing Area
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

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

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool
  • Gunite Spa

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Sport Court
  • Balcony
  • Covered Patio or Porch
  • Lanai
  • Exterior Lighting
  • Greenhouse
  • Aviary
  • Gazebo
  • Shed
  • Outbuilding
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • No Utilities
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Detached Guest House
  • Property is near park
  • Barn

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 12674
  • Assessor Parcel Number 67245122

Community Details

Overview

  • Ritz Cove Association, Phone Number (949) 481-0555
  • Tsg HOA
  • Ritz Cove Subdivision

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

7,200 Sq Ft Lot

HOA Fees

$725 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Ad Number: 9492481888
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinkler System, Gated Community, Gated with Guard, Security System, Smoke Detector(s)
  • Subdivision Name Other: Ritz Cove (RC)
  • View: Yes
  • Architectural Style: Contemporary, Custom Built, Modern
  • Property Condition: Building Permit, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67245122
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4847.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Elevator, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Two Story Ceilings, Vacuum Central
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Family Kitchen, Dining Room, In Kitchen
  • Fireplace Features: Family Room, Gas, Gas Starter, Great Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1815.56
  • Room Type: All Bedrooms Up, Bonus Room, Den, Dressing Area, Entry, Exercise Room, Family Room, Game Room, Kitchen, Laundry, Master Bathroom, Master Bedroom, Master Suite, Office
  • Spa Features: Gunite, Heated, In Ground
  • Window Features: Custom Covering, Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Aviary, Barn(s), Gazebo, Greenhouse, Guest House, Guest House Attached, Guest House Detached, Outbuilding, Sauna Private, Second Garage, Second Garage Attached, Second Garage Detached, Shed(s), Sport Court Private, Storage
  • Exterior Features: Rain Gutters
  • View: Catalina, Coastline, Neighborhood, Ocean
  • Fence: Yes
  • Fencing: Excellent Condition, Glass, Stucco Wall
  • Patio And Porch Features: Covered, Lanai, Patio, Patio Open, Stone
  • Pool Features: Private, Gunite, Heated, Gas Heat, In Ground, Lap
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: None, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Electric Oven, Electric Range, Electric Cooktop, Freezer, Disposal, Gas Water Heater, Ice Maker, Microwave, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pets Permitted, Guard, Security, Controlled Access
  • Association Fee: 725.00
  • Association Fee Frequency: Monthly
  • Association Name: Ritz Cove
  • Phone: 949-481-0555
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Storm Drains, Street Lights
  • Association Management: TSG

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7200.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 0423.23
  • Tax Lot: 28
  • Tax Tract Number: 12674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Feb 9, 2021
Sold by
Cam Llc
Bought by
Mara 30 Llc
Seller's Agent
Robert Wolff
Harcourts Prime Properties
Buyer's Agent
Kristina Dodge
Compass
List Price
$9,300,000
Sold Price
$8,800,000
Premium/Discount to List
-$500,000
-5.38%
Current Estimated Value
$7,679,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,120,715
Avg. Annual Appreciation
-2.60%

Purchase Details

Listed on
Mar 13, 2013
Closed on
Jul 3, 2013
Sold by
Pleasantville Road Partners Llc
Bought by
Cam Llc
Seller's Agent
Robert Wolff
Harcourts Prime Properties
Buyer's Agent
Robert Wolff
Harcourts Prime Properties
List Price
$6,950,000
Sold Price
$6,750,000
Premium/Discount to List
-$200,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
Jul 27, 2012
Sold by
Cove Holding Ltd
Bought by
Pleasantville Road Partners

Purchase Details

Closed on
Jun 11, 2003
Sold by
Karkoutly Ayman
Bought by
Cove Holding Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,337,500
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1997
Sold by
Susan Karkoutly
Bought by
Karkoutly Ayman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mara 30 Llc $8,800,000 Chicago Title Company
Cam Llc $4,000,000 Chicago Title Company
Pleasantville Road Partners -- Chicago Title Company
Cove Holding Ltd -- Chicago Title Co
Karkoutly Ayman -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cove Holding Ltd $6,337,500
Previous Owner Karkoutly Ayman $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold $8,800,000 -5.4% $1,816 / Sq Ft
10/08/2020 10/08/20 For Sale $9,300,000 +37.8% $1,919 / Sq Ft
08/20/2013 08/20/13 Sold $6,750,000 -2.9% $1,406 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
03/13/2013 03/13/13 For Sale $6,950,000 +129.8% $1,448 / Sq Ft
11/19/2012 11/19/12 Sold $3,025,000 -23.4% -- View Prior Sale
11/10/2012 11/10/12 Pending -- -- --
07/12/2012 07/12/12 For Sale $3,950,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $96,323 $9,525,402 $7,431,305 $2,094,097
2024 $96,323 $9,338,630 $7,285,593 $2,053,037
2023 $94,660 $9,155,520 $7,142,738 $2,012,782
2022 $93,007 $8,976,000 $7,002,684 $1,973,316
2021 $67,018 $6,485,471 $4,530,033 $1,955,438
2020 $66,837 $6,418,971 $4,483,583 $1,935,388
2019 $65,239 $6,293,109 $4,395,669 $1,897,440
2018 $63,969 $6,169,715 $4,309,479 $1,860,236
2017 $62,713 $6,048,741 $4,224,980 $1,823,761
2016 $60,152 $5,930,139 $4,142,138 $1,788,001
2015 $52,481 $5,054,503 $4,079,920 $974,583
2014 $41,779 $4,000,000 $4,000,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20211307

California Regional Multiple Listing Service (CRMLS)

APN: 672-451-22

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