Seller's Agent in 2025
Mark Taylor
Compass
(949) 335-8698
108 Total Sales
38 Palazzo Newport Beach, CA 92660
Estimated Value: $5,558,000 - $6,109,000
5
Beds
6.5
Baths
5,033
Sq Ft
$1,185/Sq Ft
Est. Value
Highlights
- 24-Hour Security
- In Ground Pool
- Updated Kitchen
- Abraham Lincoln Elementary School Rated A
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of March 2025Nestled on a prized corner lot within the prestigious guard-gated community of Bonita Canyon, 38 Palazzo offers unmatched privacy, luxury and coastal charm. This 10,103-square-foot lot is a true sanctuary for resort-style living and entertaining surrounded by lush, mature landscaping. Spanning over 5,000 square feet, this meticulously designed estate features five ensuite bedrooms, six and a half bathrooms and a dedicated study, all adorned with thoughtful details such as extensive built-ins, rare natural stone and custom finishes throughout. Offering incomparable indoor-outdoor living, the heart of the home is the gourmet kitchen, equipped with Thermador and Sub-Zero appliances, that flows effortlessly into the inviting family room. Expansive bifold doors and windows open to a travertine loggia with fireplace and built-in heaters, creating a harmonious connection to the serene outdoors. A true private oasis, the backyard features a sparkling pool and spa, an expansive bar, and a stunning 1,500-gallon tropical fish tank—perfect for hosting unforgettable gatherings. Recently remodeled, the upstairs primary suite is a haven of tranquility with a spa-inspired bathroom offering a freestanding soaking tub, glass-enclosed shower and custom walk-in closet with a center island. A cozy seating area with a fireplace completes this luxurious retreat. An expansive media and entertainment room with a wet bar and a private gym (or secondary office) provide versatility and convenience. The main-level home office is fully equipped with custom built-ins and easy main-floor access for remote work or study. Beyond the home’s exceptional design and functionality, it offers exclusive access to Bonita Canyon’s sought-after amenities including tennis courts, a lap pool, greenbelts and a playground plus it is ideally located just minutes from world-class dining, shopping, and Newport’s pristine beaches. Combining timeless elegance with modern luxury, this home offers a masterful blend of sophistication and comfort. With its entertainer’s style, unparalleled privacy, and resort-style features, 38 Palazzo is more than a home—it’s a lifestyle. Don’t miss the opportunity to make this extraordinary residence your own.
Last Agent to Sell the Property
Compass Brokerage Phone: 949-335-8698 License #01877391 Listed on: 01/15/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1998
Lot Details
- 10,103 Sq Ft Lot
- Corner Lot
- Private Yard
- Back Yard
HOA Fees
- $450 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Driveway
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,033 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Beamed Ceilings
- High Ceiling
- Recessed Lighting
- Entryway
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Home Office
- Neighborhood Views
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Six Burner Stove
- Built-In Range
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Separate Shower
- Closet In Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Pool
- In Ground Pool
- Spa
Outdoor Features
- Balcony
- Patio
- Outdoor Grill
Utilities
- Zoned Heating and Cooling System
Listing and Financial Details
- Tax Lot 24
- Tax Tract Number 15517
- Assessor Parcel Number 45872329
Community Details
Overview
- Bonita Canyon Association, Phone Number (949) 768-7261
- Profession Community Management HOA
- Lucera Subdivision
Recreation
- Tennis Courts
- Community Playground
- Community Pool
- Community Spa
Additional Features
- Community Barbecue Grill
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2025
Closed on
Feb 6, 2025
Sold by
Kerstin Woods Living Trust and Scott A Genereux Living Trust
Bought by
Ma Palazzo Llc
Seller's Agent
Mark Taylor
Compass
Buyer's Agent
Sara Taylor
Arbor Real Estate
List Price
$6,095,000
Sold Price
$5,700,000
Premium/Discount to List
-$395,000
-6.48%
Views
92
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,859
Avg. Annual Appreciation
4.32%
Original Mortgage
$4,275,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 2, 2021
Sold by
Nicholson Family Trust and Bank Of America Na
Bought by
Kerstin Woods Living Trust and Scott A Genereux Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,696,800
Interest Rate
2.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 9, 2007
Sold by
Nicholson Richard E and Nicholson Kim
Bought by
Nicholson Richard E and Nicholson Kim
Purchase Details
Closed on
Feb 12, 1999
Sold by
Standard Pacific Corp
Bought by
Nicholson Richard E and Nicholson Kim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,350
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ma Palazzo Llc | $5,700,000 | Chicago Title Company | |
| Kerstin Woods Living Trust | $3,371,000 | First American Title | |
| Nicholson Richard E | -- | None Available | |
| Nicholson Richard E | $803,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ma Palazzo Llc | $4,275,000 | |
| Previous Owner | Kerstin Woods Living Trust | $2,696,800 | |
| Previous Owner | Nicholson Richard E | $642,350 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | Sold | $5,700,000 | -6.5% | $1,133 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $6,095,000 | -- | $1,211 / Sq Ft |
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 | $40,977 | $3,648,877 | $2,769,560 | $879,317 |
| 2024 | $40,977 | $3,577,331 | $2,715,255 | $862,076 |
| 2023 | $39,979 | $3,507,188 | $2,662,015 | $845,173 |
| 2022 | $39,227 | $3,438,420 | $2,609,819 | $828,601 |
| 2021 | $17,531 | $1,373,818 | $646,123 | $727,695 |
| 2020 | $17,297 | $1,359,732 | $639,498 | $720,234 |
| 2019 | $16,878 | $1,333,071 | $626,959 | $706,112 |
| 2018 | $16,550 | $1,306,933 | $614,666 | $692,267 |
| 2017 | $16,628 | $1,281,307 | $602,613 | $678,694 |
| 2016 | $16,264 | $1,256,184 | $590,797 | $665,387 |
| 2015 | $16,080 | $1,237,315 | $581,922 | $655,393 |
| 2014 | $15,720 | $1,213,078 | $570,523 | $642,555 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Taylor
-
Dylan Mason
D
Seller Co-Listing Agent in 2025
Dylan Mason
Compass
(949) 294-7832
81 Total Sales
-
Sara Taylor
Buyer's Agent in 2025
Sara Taylor
Arbor Real Estate
(949) 717-7100
27 Total Sales
-
Heather Kidder
Buyer Co-Listing Agent in 2025
Heather Kidder
Arbor Real Estate
(949) 466-8699
127 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24243947
APN: 458-723-29
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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