NOT LISTED FOR SALE

Estimated Value: $9,045,000 - $10,233,561

4 Beds
4.5 Baths
5,412 Sq Ft
$1,763/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $10,000,000 $1,848 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $54,844/month

38 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Fireplace in Primary Bedroom
  • El Morro Elementary School Rated A+
  • Gourmet Kitchen
  • Deck

About This Home

As of March 2024

Nestled within the exclusive, key-pad gated community of Smithcliffs, 34 Smithcliffs Rd in the coveted North Laguna Beach is a masterpiece of design and luxury. Featured in Riviera Magazine, this fully-remodeled residence seamlessly blends the talents of Denise Morrison Interior Design, Foubister Architects, and Frank Ultimo. The sprawling 5,412 sqft home rests on a meticulously landscaped .27-acre lot. The heart of the home is the massive kitchen, adorned with a stunning neolith book-matched stone island, a testament to both beauty and durability. With 4 bedrooms, 5 bathrooms, Elevator and a 3-car garage, this residence is a symphony of space and functionality. As you enter, the front living space blends the essence of coastal living, offering tantalizing peek-a-boo ocean views that complement the contemporary design. Step onto the patio deck, a haven for outdoor enthusiasts, featuring fire pits and a TV setup, an idyllic setting for enjoying sunsets and sipping fine wine. Experience the epitome of California luxury living at 34 Smithcliffs Rd, where meticulous craftsmanship, sophisticated design, and breathtaking ocean vistas converge to create a residence beyond compare.

Last Agent to Sell the Property

Joshua Altman

Douglas Elliman of California, Inc. License #01764587 Listed on: 01/29/2024

Douglas Elliman of California, Inc.

Co-Listed By

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Last Buyer's Agent

Baron Bershaw

Compass License #01954954

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 0.27

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Driveway

Property Views

  • Ocean
  • Trees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,412 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Oven
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Sunken Shower or Bathtub
  • Powder Room
  • Double Vanity

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Additional Features

  • 0.27 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 053-301-43

Community Details

Overview

  • Association Phone (714) 508-9070

Security

  • Gated with Attendant
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

HOA Fees

$600 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: Smithcliffs
  • Living Area: 5412
  • Lot Acreage: 0.2692
  • Stories: 2
  • Year Built: 1997
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Elevator, Built-Ins, Recessed Lighting
  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Flooring: Wood, Tile, Mixed
  • Appliances: Oven, Built-Ins, Gas, Range Hood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Bedroom Features: Dressing Area, Master Retreat, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Sunken Tub, Double Vanity(s), Powder Room
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, In Kitchen, Kitchen Island, Formal Dining Rm, Dining Area
  • Kitchen Features: Gourmet Kitchen, Counter Top, Island
  • Laundry: Room, Inside
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Built-Ins, Freezer, Elevator, Refrigerator, Dishwasher
  • Price Per S Q F T: 1986.33

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Deck(s), Patio Open, Covered
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 4
  • Parking Garage: Garage - 3 Car, Private, Private Garage, Driveway
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Central, Fireplace
  • Security: Gated Community with Guard

Association/Amenities

  • Amenities: Gated Community, Gated Community Guard, Controlled Access

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 600.00
  • Phone: 7145089070|
  • HOA: No

Lot Info

  • Assessor Parcel Number: 053-301-43
  • Lot Size Area: 11727

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Mar 11, 2024
Sold by
Jon And Carol Demorest Trust and Demorest Jon D
Bought by
Prajin George L
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Baron Bershaw
Compass
List Price
$10,750,000
Sold Price
$10,000,000
Premium/Discount to List
-$750,000
-6.98%
Views
120
Current Estimated Value
$9,539,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$460,146
Avg. Annual Appreciation
-2.54%
Original Mortgage
$4,800,000
Outstanding Balance
$4,739,668
Interest Rate
8.38%
Mortgage Type
New Conventional
Estimated Equity
$4,800,186

Purchase Details

Closed on
Jan 6, 2020
Sold by
Demorest Jon D and Demorest Carol M
Bought by
Demorest Jon D and Demorest Carol M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,055,200
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2019
Closed on
Sep 17, 2019
Sold by
Johnston Carin M
Bought by
Demorest Jon and Demorest Carol
Seller's Agent
Suzi Dailey
Realty ONE Group West
Buyer's Agent
Maureen White
Compass
List Price
$5,378,000
Sold Price
$5,100,000
Premium/Discount to List
-$278,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%
Original Mortgage
$3,570
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 2019
Sold by
Johnston Carin N
Bought by
Johnston Carin N and Johnston Family Trust

Purchase Details

Closed on
Jun 10, 2004
Sold by
Via Verde Development Llc
Bought by
Johnston Justin Edwin

Purchase Details

Closed on
Jun 13, 1995
Sold by
Brinderson Parent Company
Bought by
Johnston Edwin E and Johnston Carin M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Prajin George L $10,000,000 First American Title
Demorest Jon D -- Ticor Ttl Orange Cnty Branch
Demorest Jon $5,100,000 First American Title
Johnston Carin N -- None Available
Johnston Justin Edwin $300,000 First American Title Co
Johnston Cameron Brian $300,000 --
Johnston Edwin E $445,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prajin George L $4,800,000
Previous Owner Demorest Jon D $4,055,200
Previous Owner Demorest Jon $3,570
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2024 03/29/24 Sold $10,000,000 -7.0% $1,848 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
01/29/2024 01/29/24 Price Changed $10,750,000 0.0% $1,986 / Sq Ft
01/29/2024 01/29/24 For Sale $10,750,000 +110.8% $1,986 / Sq Ft
10/16/2019 10/16/19 Sold $5,100,000 -5.2% $942 / Sq Ft View Prior Sale
05/08/2019 05/08/19 For Sale $5,378,000 -- $994 / Sq Ft
Source: The MLS

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 $56,460 $10,200,000 $8,120,287 $2,079,713
2024 $56,460 $5,468,229 $3,591,759 $1,876,470
2023 $55,462 $5,361,009 $3,521,332 $1,839,677
2022 $54,360 $5,255,892 $3,452,287 $1,803,605
2021 $53,258 $5,152,836 $3,384,595 $1,768,241
2020 $52,714 $5,100,000 $3,349,890 $1,750,110
2019 $22,067 $2,075,445 $670,070 $1,405,375
2018 $21,624 $2,034,750 $656,931 $1,377,819
2017 $21,180 $1,994,853 $644,050 $1,350,803
2016 $20,764 $1,955,739 $631,422 $1,324,317
2015 $20,435 $1,926,362 $621,937 $1,304,425
2014 $20,034 $1,888,628 $609,754 $1,278,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-344871

The MLS

APN: 053-301-43