NOT LISTED FOR SALE

Estimated Value: $3,056,789 - $3,741,000

3 Beds
4 Baths
2,849 Sq Ft
$1,231/mo HOA Fee

Last Sold September 19, 2024

Last sale price $3,535,318 $1,241 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $20,380/month

42 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Open Floorplan
  • Under Construction
  • Primary Bedroom Suite
  • Dumbwaiter

About This Home

As of September 2024

An entertainer's dream, this is a unique opportunity to own one of the few top-floor Penthouses overlooking Uptown Newport. This 2-story Penthouse features 3 bedrooms, 2 bathrooms, plus 2 powder rooms with approximately 2,849 square feet and two private terraces with approximately 910 square feet. The main floor living and dining room showcases 20-foot double height ceilings with walls of glass, and adjacent open kitchen with optional bar. The 2nd floor offers an additional family room, powder, and outdoor terrace with optional outdoor kitchen and heated spa. The entertainers' kitchen is finished in custom millwork and countertops, and outfitted with Wolf and Subzero appliances. The light-filled primary suite is tucked away for privacy, with a spacious walk-in closet, and en-suite bath replete with a large soaking tub, spa-sized shower, and custom dual vanity. Floating above the treetops, Residence 29 is an indoor-outdoor oasis of casual sophistication designed to enhance the Newport Beach lifestyle. Tailored amenities include a serene, heated pool and spa, resort-inspired cabana, and state-of-the-art fitness center. The bespoke lobby provides direct elevator access to the residence, while owners enjoy private 2-car garages with storage.

Last Agent to Sell the Property

Erin O'Connor

Polaris Pacific Brokerage Email: erin.oconnor.re@gmail.com License #01507021 Listed on: 01/11/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,586

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $1,231 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,849 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Entrance Foyer
  • Separate Family Room
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Room
  • Laundry Room
  • Property Views

Kitchen

  • Dumbwaiter
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Patio
  • Terrace

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • $1 per year additional tax assessments

Community Details

Overview

  • 30 Units
  • Parkhouse Residences Association, Phone Number (951) 371-2727
  • The Management Trust HOA
  • Built by Shopoff

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Additional Features

  • Clubhouse
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,586

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$1,231 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Card/Code Access
  • Subdivision Name Other: Parkhouse Residences
  • View: Yes
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2849.00 Square Feet
  • Interior Amenities: Dumbwaiter, High Ceilings, Living Room Balcony, Open Floorplan, Pantry
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1240.90
  • Room Type: All Bedrooms Down, Foyer, Kitchen, Laundry, Living Room, Primary Suite, Separate Family Room, Walk-In Pantry
  • Spa Features: Association, Heated
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Builder Name: Shopoff
  • Patio And Porch Features: Terrace
  • Pool Features: Association, Heated
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room, Clubhouse
  • Association Fee: 1231.00
  • Association Fee Frequency: Monthly
  • Association Name: Parkhouse Residences
  • Phone: (951) 371-2727
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park
  • Association Management: The Management Trust

Schools

  • School District: Santa Ana Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Latitude Manual: 33.66187300

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 30
  • Number Of Units Total: 30

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2024
Sold by
Parkhouse Residences Llc
Bought by
Pravin B Shaw Trust and Shaw
Current Estimated Value
$3,431,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
6.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Pravin B Shaw Trust $3,535,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pravin B Shaw Trust $695,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2024 09/19/24 Sold $3,535,318 +1.2% $1,241 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $3,495,000 -- $1,227 / 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 $10,586 $3,535,318 $2,517,533 $1,017,785
2024 $10,586 $848,966 $848,966 --
2023 $10,409 $832,320 $832,320 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22005781

California Regional Multiple Listing Service (CRMLS)

APN: 934-058-30