NOT LISTED FOR SALE

Estimated Value: $4,996,000 - $5,581,110

0.22 Acre
$23,518,271 Price per Acre
9,722 Sq Ft Lot

Last Sold April 04, 2024

Last sale price $4,800,000 $2,405 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $30,978/month

154 Days on Market

Highlights

  • View of Trees or Woods
  • Corner Lot
  • Park
  • Harbor View Elementary School Rated A

About This Lot

As of April 2024

Now with APPROVED plans from the city! A unique development opportunity in Cameo Highlands, one of the most sought out neighborhoods in Corona Del Mar. This project has been designed by leading architectural firm TagFront and provides an opportunity for a buyer to either use the optional design renderings or develop their own one of a kind property. The design is planned as a 5 bedroom, 6.5 bathrooms, with 5,700 sqft of living space. Upon entry, immediately notice the open concept floor plan that gives you plenty of natural light from the backyard and the atrium leading to the downstairs. The kitchen, living room, and dining space flow seamlessly together to enhance the open concept floor plan. And with the collapsable doors leading to the backyard, the home provides a unique indoor/outdoor feel that is great for entertaining, especially as you enjoy the custom pool/spa, outdoor kitchen, and peek-a-boo views of the ocean. The primary bedroom is on the main level and also opens up to the pool. It features its own fireplace, attached bathroom with a separate tub/shower, and a walk in closet. Once you head downstairs, you’ll immediately find yourself in the media/play room that leads to the 3 additional bedrooms with their own private bathrooms, and the laundry room. This design also features an office space on the main level, wine display, wet bar, a 3 car garage, outdoor kitchen, elevated lounge space next to the pool, and a seating area in the front yard with its own fireplace. The property is at the end of Cortland Dr. and adjacent to world renowned Pelican Hill golf course that provides a private feel with lush landscaping. The asking price is reflective of the land value + cost to build. At this time, the seller does NOT plan to build but is selling the land with the completed design/renderings, plus approval by the HOA. Cameo Highlands was built as a small enclave of luxury homes alongside Cameo Shores. Residents can enjoy luxury amenities such as private beaches, community park, and is just a short walk to the Village of Corona Del Mar and Crystal Cove State Park.

Last Agent to Sell the Property

Mitchell Galyean

Seven Gables Real Estate Brokerage Phone: 714-743-3706 License #01858203 Listed on: 10/12/2023

Seven Gables Real Estate

Co-Listed By

Mark Galyean

Seven Gables Real Estate Brokerage Phone: 714-743-3706 License #00677307

Last Buyer's Agent

Danny Nguyen

Smart Choice Realty License #01271379

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $26,408

Lot Details

  • 9,722 Sq Ft Lot
  • Chain Link Fence
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R-1-6000

HOA Fees

  • $175 Monthly HOA Fees

Property Views

  • Woods
  • Peek-A-Boo

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 3519
  • Assessor Parcel Number 47507106
  • $369 per year additional tax assessments

Community Details

Overview

  • Cameo Homeowners Association, Phone Number (949) 716-3998
  • Cameo Highlands Subdivision

Recreation

  • Park

Property Details

Property Type

Land

Est. Annual Taxes

$26,408

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Current Use Comments: Seller has town down the previous structure
  • Possible Use Comments: This project has been designed by leading architectural firm TagFront & provides an opportunity for a buyer to either use the optional design rende...
  • Subdivision Name Other: Cameo Highlands (CAMH)
  • View: Yes
  • Zoning: R-1-6000
  • Property Type: Land
  • Parcel Number: 47507106
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 493.73

Exterior Features

  • View: Peek-A-Boo, Trees/Woods
  • Fencing: Chain Link

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 175.00
  • Association Fee Frequency: Monthly
  • Association Name: Cameo Homeowners Association
  • Phone: 949-716-3998
  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 9722.00
  • Lot Size Acres: 0.2232

Multi Family

  • Lot Size Area: 9722.0000 Square Feet

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 13
  • Tax Tract Number: 3519
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Mar 26, 2024
Sold by
Nguyen Thanh Hoa
Bought by
Pham Anh Duong
Seller's Agent
Mitchell Galyean
Seven Gables Real Estate
Buyer's Agent
Danny Nguyen
Smart Choice Realty
List Price
$5,750,000
Sold Price
$4,800,000
Premium/Discount to List
-$950,000
-16.52%
Views
343
Current Estimated Value
$5,249,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,278
Avg. Annual Appreciation
3.43%

Purchase Details

Listed on
Oct 12, 2023
Closed on
Mar 18, 2024
Sold by
Dhany And Denise Nathie Family Trust and Nathie Dhany
Bought by
Pham Anh Duong
Seller's Agent
Mitchell Galyean
Seven Gables Real Estate
Buyer's Agent
Danny Nguyen
Smart Choice Realty
List Price
$5,750,000
Sold Price
$4,800,000
Premium/Discount to List
-$950,000
-16.52%
Views
343

Purchase Details

Listed on
Jun 29, 2020
Closed on
Mar 22, 2021
Sold by
Nowparast Nader F and Nowparast Sourour Lili
Bought by
Nathie Dhany and Nathie Denise
Seller's Agent
Majid Salem-Naraghi
First Team Real Estate
Buyer's Agent
Mitchell Galyean
Seven Gables Real Estate
List Price
$2,895,000
Sold Price
$2,625,000
Premium/Discount to List
-$270,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.79%

Purchase Details

Closed on
Apr 12, 2001
Sold by
Nowparast Nader F and Nowparast Surour Lili
Bought by
Nowparast Nader F and Nowparast Sorour Lili

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.98%

Purchase Details

Closed on
Jan 23, 2001
Sold by
Nowparast Nader F and Nowparast Surour Lili
Bought by
Nowparast Nader F and Nowparast Surour Lili

Purchase Details

Closed on
Feb 9, 1999
Sold by
Thorme Robert X and Thorme Sonia
Bought by
Nowparast Nader F and Nowparast Surour Lili

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
7.04%
Source: Public Records

Range of Values:

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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
Pham Anh Duong -- First American Title
Pham Anh Duong $4,800,000 First American Title
Nathie Dhany $2,625,000 Western Resources Title
Nowparast Nader F -- First American Title Ins Co
Nowparast Nader F -- --
Nowparast Nader F $650,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nowparast Nader F $200,000
Previous Owner Nowparast Nader F $250,000
Previous Owner Nowparast Nader F $250,000
Previous Owner Nowparast Nader F $150,000
Previous Owner Nowparast Nader F $199,058
Previous Owner Nowparast Nader F $200,950
Previous Owner Nowparast Phd Nader F $200,000
Previous Owner Nowparast Nader F $245,000
Previous Owner Nowparast Nader F $100,000
Previous Owner Nowparast Nader F $250,000
Previous Owner Nowparast Nader F $275,000
Previous Owner Nowparast Nader F $100,000
Previous Owner Nowparast Nader F $287,000
Previous Owner Nowparast Nader F $487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $4,800,000 -3.0% $2,405 / Sq Ft
02/29/2024 02/29/24 Price Changed $4,950,000 -13.9% $2,480 / Sq Ft
10/12/2023 10/12/23 For Sale $5,750,000 +119.0% $2,881 / Sq Ft
04/28/2021 04/28/21 Sold $2,625,000 -5.4% $863 / Sq Ft
01/19/2021 01/19/21 Price Changed $2,775,000 0.0% $913 / Sq Ft
10/28/2020 10/28/20 Price Changed $2,774,000 -0.8% $913 / Sq Ft
10/06/2020 10/06/20 Price Changed $2,795,000 -3.5% $919 / Sq Ft
06/29/2020 06/29/20 For Sale $2,895,000 0.0% $952 / Sq Ft
10/03/2015 10/03/15 For Rent $1,500 -6.3% --
10/02/2015 10/02/15 Rented $1,600 +6.7% --
09/28/2015 09/28/15 Off Market $1,500 -- --
09/15/2015 09/15/15 For Rent $1,500 0.0% --
09/08/2015 09/08/15 Off Market $1,500 -- --
09/02/2015 09/02/15 For Rent $1,500 0.0% --
08/07/2014 08/07/14 Rented $1,500 0.0% --
08/07/2014 08/07/14 For Rent $1,500 0.0% --
05/06/2014 05/06/14 Rented $1,500 -6.3% --
04/06/2014 04/06/14 Under Contract -- -- --
02/27/2014 02/27/14 For Rent $1,600 -- --
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 $26,408 $4,850,000 $4,850,000 --
2024 $26,408 $2,472,404 $2,472,404 --
2023 $25,790 $2,423,926 $2,423,926 $0
2022 $28,530 $2,677,500 $2,376,399 $301,101
2021 $11,529 $1,068,179 $795,748 $272,431
2020 $11,418 $1,057,227 $787,589 $269,638
2019 $11,184 $1,036,498 $772,147 $264,351
2018 $10,961 $1,016,175 $757,007 $259,168
2017 $10,766 $996,250 $742,163 $254,087
2016 $10,525 $976,716 $727,611 $249,105
2015 $10,424 $962,045 $716,681 $245,364
2014 $10,177 $943,200 $702,642 $240,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23189606

California Regional Multiple Listing Service (CRMLS)

APN: 475-071-06