38 Palazzo Newport Beach, CA 92660
Bonita Canyon Neighborhood
5
Beds
6.5
Baths
5,033
Sq Ft
10,103
Sq Ft Lot
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
Est. Annual Taxes
- $40,977
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
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
$130,068
Avg. Annual Appreciation
5.52%
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,700,000 | Chicago Title Company | |
| Grant Deed | $3,371,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $803,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,200,000 | New Conventional | |
| Previous Owner | $4,275,000 | New Conventional | |
| Previous Owner | $2,696,800 | New Conventional | |
| Previous Owner | $582,000 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $642,350 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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
Seller's Agent in 2025
Mark Taylor
Compass
(949) 335-8698
3 in this area
115 Total Sales
-
Dylan Mason
D
Seller Co-Listing Agent in 2025
Dylan Mason
Compass
(949) 294-7832
3 in this area
92 Total Sales
-
Sara Taylor
Buyer's Agent in 2025
Sara Taylor
Arbor Real Estate
(949) 717-7100
2 in this area
26 Total Sales
-
Heather Kidder
Buyer Co-Listing Agent in 2025
Heather Kidder
Arbor Real Estate
(949) 466-8699
2 in this area
147 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24243947
APN: 458-723-29
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
Nearby Homes
- 15 Boardwalk
- 3 Anondale
- 10 Seabluff
- 3 Seabluff
- 1977 Port Cardiff Place
- 1736 Port Sheffield Place
- 2720 Hilltop Dr Unit 58
- 4 Huntington Ct
- 9 Leesbury Ct
- 417 Bay Hill Dr
- 48 Belcourt Dr Unit 34
- 515 Bay Hill Dr
- 7 Leesbury Ct
- 3 Weybridge Ct
- 28 Old Course Dr
- 9 Saint Tropez
- 17 Monaco Unit 12
- 77 Hillsdale Dr
- 2 Royal Saint George Rd
- 49 Canyon Island Dr