Seller's Agent in 2024
Milad Sadeghian
Berkshire Hathaway HomeService
(949) 560-3647
1 in this area
16 Total Sales
44 Drakes Bay Dr Corona Del Mar, CA 92625
Spyglass Hill NeighborhoodEstimated Value: $6,470,000 - $6,945,000
5
Beds
5.5
Baths
4,423
Sq Ft
$1,524/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Panoramic View
- Outdoor Fireplace
- Abraham Lincoln Elementary School Rated A
- Reservoir in Community
- Cathedral Ceiling
About This Home
As of May 2024This exquisite home, perched to offer stunning views of mountains and city lights, embodies a serene lifestyle with the unique benefit of single-level living complemented by additional upstairs space. Nestled on an expansive lot, the property greets you with a gated entry courtyard, and offers a resort-like backyard surrounded by a spacious patio, a pool, and a spa—perfect for both relaxation and entertainment. The interior showcases four bedrooms on the main level, complemented by an upstairs bonus room featuring a bedroom and a bathroom. Vaulted ceilings with exposed beams and hardwood floors add to the home’s elegance, while the bespoke gourmet kitchen serves as the heart of the home with granite countertops, a wine vault framed by exquisite wrought iron doors, and custom cabinetry. The kitchen, equipped with top-of-the-line stainless steel appliances, including dual ovens and a built-in refrigerator, opens to a cozy family room with a fireplace and a large center island, inviting gatherings around culinary creations. Seamless indoor-outdoor living is facilitated by numerous rooms opening directly to the poolside, where a covered loggia with a full outdoor kitchen awaits, ensuring the outdoors can be enjoyed year-round. The saltwater pool and spa, accentuated by custom lighting, offer unobstructed views thanks to sleek glass rails, enhancing the property's luxurious ambiance. The main floor primary suite is a haven of sophistication, featuring a walk-in closet, dual vanities, and a walk-in shower. Generously sized secondary bedrooms accommodate a wide range of needs, making this home ideal for multi-generational living. Additional highlights include a tile roof and a three-car garage with elegant wood doors, emphasizing the home’s refined aesthetic. Located on a tranquil, single-loaded street, this property is a peaceful retreat with easy access to hiking trails, parks, and playgrounds. Its proximity to Fashion Island, Crystal Cove State Park, and Corona Del Mar positions it as a legacy property in a coveted coastal location.
Last Agent to Sell the Property
Berkshire Hathaway HomeService License #02017269 Listed on: 03/05/2024
Last Buyer's Agent
Berkshire Hathaway HomeService License #02017269 Listed on: 03/05/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,746
Year Built
- Built in 2009 | Remodeled
Lot Details
- 0.29 Acre Lot
- Glass Fence
- Fence is in good condition
- Front and Back Yard Sprinklers
- Density is up to 1 Unit/Acre
- Property is zoned R1
HOA Fees
- $192 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Electric Vehicle Home Charger
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway
- Assigned Parking
Property Views
- Panoramic
- City Lights
- Reservoir
- Mountain
- Hills
Home Design
- Entry on the 1st floor
- Tile Roof
- Stone Siding
- Stucco
Interior Spaces
- 4,423 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Double Door Entry
- Sliding Doors
- Family Room with Fireplace
- Great Room with Fireplace
- Family Room Off Kitchen
- Living Room
- Dining Room
- Bonus Room
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Six Burner Stove
- Built-In Range
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Built-In Trash or Recycling Cabinet
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms | 4 Main Level Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Bathroom on Main Level
- Granite Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Walk-in Shower
- Closet In Bathroom
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Pool
- In Ground Pool
- In Ground Spa
- Saltwater Pool
- Waterfall Pool Feature
Outdoor Features
- Outdoor Fireplace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
Schools
- Lincoln Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 7386
- Assessor Parcel Number 46105113
- $380 per year additional tax assessments
Community Details
Overview
- Spyglass Hill Association, Phone Number (714) 634-0611
- Spyglass Hill Community Association
- Spyglass Hill Custom Subdivision
- Reservoir in Community
Amenities
- Picnic Area
Recreation
- Community Playground
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2024
Closed on
May 21, 2024
Sold by
Hack Family Trust and Hack Jeffrey M
Bought by
Badlani Family Trust and Badlani
Seller's Agent
Milad Sadeghian
Berkshire Hathaway HomeService
Buyer's Agent
Milad Sadeghian
Berkshire Hathaway HomeService
List Price
$6,850,000
Sold Price
$6,100,000
Premium/Discount to List
-$750,000
-10.95%
Views
1305
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
$640,874
Avg. Annual Appreciation
7.53%
Original Mortgage
$3,965,000
Outstanding Balance
$3,903,674
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$2,799,889
Purchase Details
Closed on
Apr 23, 2003
Sold by
Hack Jeffrey M and Hack Laurie
Bought by
Hack Jeffrey M and Hack Laurie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 20, 1998
Sold by
Kim Jenny
Bought by
Hack Jeffrey M and Hack Laurie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.17%
Mortgage Type
Unknown
Purchase Details
Closed on
Feb 25, 1994
Sold by
Kim Kirk J and Kim Yune Sook
Bought by
Kim Kirk J and Kim Jenny
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Badlani Family Trust | $6,100,000 | Fidelity National Title | |
| Hack Jeffrey M | -- | Fidelity National Title | |
| Hack Jeffrey M | $639,000 | Fidelity National Title Co | |
| Kim Kirk J | -- | World Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Badlani Family Trust | $3,965,000 | |
| Previous Owner | Hack Jeffrey M | $1,415,000 | |
| Previous Owner | Hack Jeffrey M | $1,400,000 | |
| Previous Owner | Hack Jeffrey M | $1,006,300 | |
| Previous Owner | Hack Jeffrey M | $1,000,000 | |
| Previous Owner | Hack Jeffrey M | $1,090,000 | |
| Previous Owner | Hack Jeffrey M | $1,100,000 | |
| Previous Owner | Hack Jeffrey M | $1,100,000 | |
| Previous Owner | Hack Jeffrey M | $0 | |
| Previous Owner | Hack Jeffrey M | $300,000 | |
| Previous Owner | Hack Jeffrey M | $1,100,000 | |
| Previous Owner | Hack Jeffrey M | $695,000 | |
| Previous Owner | Hack Jeffrey M | $700,000 | |
| Previous Owner | Hack Family Trust | $600,000 | |
| Previous Owner | Hack Family Trust | $421,793 | |
| Previous Owner | Mack Jeffrey M | $138,000 | |
| Previous Owner | Hack Jeffrey M | $440,000 | |
| Previous Owner | Hack Jeffrey M | $437,100 | |
| Previous Owner | Hack Jeffrey M | $138,000 | |
| Previous Owner | Hack Jeffrey M | $437,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $6,100,000 | -4.6% | $1,379 / Sq Ft |
| 04/17/2024 04/17/24 | Pending | -- | -- | -- |
| 04/04/2024 04/04/24 | Price Changed | $6,395,000 | -6.6% | $1,446 / Sq Ft |
| 03/05/2024 03/05/24 | For Sale | $6,850,000 | -- | $1,549 / 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 | $20,746 | $6,222,000 | $4,786,612 | $1,435,388 |
| 2024 | $20,746 | $1,987,883 | $770,282 | $1,217,601 |
| 2023 | $20,255 | $1,948,905 | $755,178 | $1,193,727 |
| 2022 | $19,872 | $1,910,692 | $740,371 | $1,170,321 |
| 2021 | $19,489 | $1,873,228 | $725,854 | $1,147,374 |
| 2020 | $19,291 | $1,854,021 | $718,411 | $1,135,610 |
| 2019 | $18,906 | $1,817,668 | $704,324 | $1,113,344 |
| 2018 | $18,538 | $1,782,028 | $690,514 | $1,091,514 |
| 2017 | $18,196 | $1,747,087 | $676,975 | $1,070,112 |
| 2016 | $17,791 | $1,712,831 | $663,701 | $1,049,130 |
| 2015 | $17,630 | $1,687,103 | $653,731 | $1,033,372 |
| 2014 | $17,225 | $1,654,055 | $640,925 | $1,013,130 |
Source: Public Records
Agents Affiliated with this Home
-
Milad Sadeghian
-
Mehdi Khosh
Seller Co-Listing Agent in 2024
Mehdi Khosh
Berkshire Hathaway HomeService
(714) 612-0452
1 in this area
96 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24044475
APN: 461-051-13
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