Seller's Agent in 2019
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
8 in this area
67 Total Sales
5 Bay Island Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $7,615,000
6
Beds
4.5
Baths
3,542
Sq Ft
$2,150/Sq Ft
Est. Value
Highlights
- Beach Front
- Marina
- Property has ocean access
- Newport Elementary School Rated A
- Ocean View
- Private Dock Site
About This Home
As of September 2019Originally established in 1903 as a gun club for wealthy Southern Californians, "Bay Island Club," today, is a 5.5 acre, private enclave, laced with mature trees, flowering gardens and verdant lawns, consisting of 23 bayfront residences, with a commonly owned tennis court, caretaker’s cottage, parking structure and wide private sandy beach. Situated in the heart of Newport Harbor, with spectacular views of the Balboa Pavilion, Saddleback Mountain, and the night lights of Fashion Island, this 1993 built waterfront home features six bedrooms, four and one-half baths, a big view deck with storage underneath for kayaks and all the beach gear, a large living room with fireplace, an Island kitchen with Granite countertops, hardwood floors, remodeled baths, an elevator, a spacious master-suite with a retreat and fireplace, a private pier and dock for a 65' boat, & plenty of room for the whole family. This easy-living beach house will remind you of all your favorite memories of summer, think of smores, barbequing, “Balboa bars”, cousins, bunk beds and playing on the beach until dark. All of the fun of Newport Beach is outside your door, swimming, sailing, paddleboarding, bicycling, volleyball, boogeyboarding, watching the holiday boat parade, fine dining on the Balboa Peninsula, strolling the beach boardwalk & playing at the world famous Fun Zone. Bay Island Club is one of the most gracious locations in all of Southern California and is a once in a lifetime opportunity of ownership.
Last Agent to Sell the Property
Pacific Sotheby’s International Realty License #00936421 Listed on: 07/08/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,748,364
Year Built
- Built in 1993 | Remodeled
Lot Details
- 3,059 Sq Ft Lot
- Beach Front
- Property Fronts a Bay or Harbor
- East Facing Home
- Rectangular Lot
HOA Fees
- $2,389 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Parking Lot
- Off-Site Parking
- Community Parking Structure
Property Views
- Ocean
- Marina
- Coastline
- Bay
- Harbor
- Panoramic
- City Lights
Home Design
- Cape Cod Architecture
- Traditional Architecture
- Turnkey
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Wood Siding
- Copper Plumbing
- Clapboard
Interior Spaces
- 3,542 Sq Ft Home
- Elevator
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Track Lighting
- Sliding Doors
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Double Oven
- Six Burner Stove
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 6 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Upgraded Bathroom
- Stone Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Walk-in Shower
Outdoor Features
- Property has ocean access
- Boat Slip
- Private Dock Site
- Docks
- Balcony
- Patio
- Rear Porch
Utilities
- Central Heating
- Underground Utilities
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 04804002
Community Details
Overview
- Bay Island Association, Phone Number (949) 675-2914
- Maintained Community
Amenities
- Clubhouse
Recreation
- Boat Dock
- Pier or Dock
- Marina
- Tennis Courts
- Community Playground
Security
- Resident Manager or Management On Site
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 4, 2002
Sold by
Cutler Frank
Bought by
Cutler Frank
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 10, 1995
Sold by
Fluter Leeann
Bought by
Fluter Russell E
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 |
|---|---|---|---|
| Cutler Frank | -- | Chicago Title Co | |
| Fluter Russell E | -- | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Gannon Daniel J | $3,000,000 | |
| Closed | Mckeehan Burr | $200,000 | |
| Closed | Ray James W | $2,500,000 | |
| Closed | Mckeehan Burr | $2,425,000 | |
| Closed | Ray James W | $2,725,000 | |
| Closed | Collins Budge | $300,000 | |
| Closed | Cutler Frank W | $7,875,000 | |
| Closed | Collins Budge | $700,000 | |
| Closed | Mckeehan Burr | $1,995,000 | |
| Closed | Cutler Frank | $6,000,000 | |
| Closed | Fluter Russell E | $650,000 | |
| Closed | Fletcher Douglas B | $1,365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2019 09/27/19 | Sold | $8,800,000 | -4.9% | $2,484 / Sq Ft |
| 07/29/2019 07/29/19 | Pending | -- | -- | -- |
| 07/08/2019 07/08/19 | For Sale | $9,250,000 | -- | $2,612 / 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 | $1,748,364 | $179,886,321 | $162,417,006 | $17,469,315 |
| 2024 | $1,748,364 | $166,139,788 | $149,797,695 | $16,342,093 |
| 2023 | $1,662,817 | $158,600,066 | $143,305,761 | $15,294,305 |
| 2022 | $1,602,031 | $152,300,028 | $138,070,640 | $14,229,388 |
| 2021 | $1,484,468 | $141,094,105 | $128,256,244 | $12,837,861 |
| 2020 | $1,333,613 | $126,669,774 | $115,378,482 | $11,291,292 |
| 2019 | $1,269,865 | $120,790,424 | $109,890,564 | $10,899,860 |
| 2018 | $1,244,319 | $118,421,998 | $107,735,848 | $10,686,150 |
| 2017 | $1,223,841 | $116,253,709 | $105,761,295 | $10,492,414 |
| 2016 | $1,032,956 | $98,428,909 | $88,921,951 | $9,506,958 |
| 2015 | $1,023,179 | $96,939,552 | $87,586,261 | $9,353,291 |
| 2014 | $862,202 | $82,029,779 | $72,583,886 | $9,445,893 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
-
Evan Corkett
Seller Co-Listing Agent in 2019
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
6 in this area
43 Total Sales
-
Anne Hoover
Buyer's Agent in 2019
Anne Hoover
Surterre Properties Inc.
(949) 422-5983
17 Total Sales
-
J
Buyer Co-Listing Agent in 2019
John Hoover
Surterre Properties Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG19160674
APN: 048-040-02
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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
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