518 S Bay Front Newport Beach, CA 92662
Balboa Island Neighborhood
3
Beds
3.5
Baths
3,180
Sq Ft
2,591
Sq Ft Lot
Highlights
- Docks
- Property Fronts a Bay or Harbor
- Wood Flooring
- Abraham Lincoln Elementary School Rated A
- Fireplace in Primary Bedroom
- 1-minute walk to Balboa Island Park
About This Home
As of September 2021This is the most amazing home, the best Big Island South Bay Front property with private dock on the market in recent memory. A sliding glass wall opens the stylish great room to the bay front patio with water and fire feature and the truly stunning Balboa Pavilion view. The open plan kitchen boasts Carrera counters, tasteful custom cabinetry and top end Dacor, Miele and Subzero appliances. There is a separate butler's pantry with wine coolers and refrigerator drawers, plus a separate huge walk-in pantry and storage. The charming rear patio features a soothing waterfall wall. Up the sunlit architectural staircase is the bay front Master with fireplace, volume ceilings and sliding glass wall opening to a large deck. There is an ensuite marble bath and generous walk in closet. The large upstairs family room is wired for video and surround sound. Electric shades quickly convert to a wonderful home theatre. There are two more bedrooms and 2 baths, as well as a large laundry room on this level. This property is special and emotional, and could be purchased furnished, exclusive of artwork.
Completed by Patterson Construction in 2008, enough of a prior framework was retained to qualify as a remodel, grandfathering a larger footprint and extra square footage.
Last Agent to Sell the Property
Steve Sutherlen
Villa Real Estate License #00416316 Listed on: 03/05/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $58,354
Year Built
- Built in 2008
Lot Details
- 2,591 Sq Ft Lot
- Property Fronts a Bay or Harbor
- Property is zoned R 1.5
Parking
- 2 Car Attached Garage
Property Views
- Bay
- Harbor
Interior Spaces
- 3,180 Sq Ft Home
- Great Room with Fireplace
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
Laundry
- Laundry Room
- Laundry on upper level
Additional Features
- Docks
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 99
- Assessor Parcel Number 05005118
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2020
Closed on
Aug 3, 2021
Sold by
Bridwell Jennifer S and Jennifer S Bridwell Revocable
Bought by
Nelson Richard G and Nelson Diane R
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$9,995,000
Sold Price
$9,500,000
Premium/Discount to List
-$495,000
-4.95%
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
-$2,319,340
Avg. Annual Appreciation
-6.75%
Original Mortgage
$2,000,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 5, 2014
Closed on
May 29, 2014
Sold by
Rasmussen Carroll Dean
Bought by
Bridwell Jennifer S
Seller's Agent
Steve Sutherlen
Villa Real Estate
Buyer's Agent
Sue Young
Compass
List Price
$6,850,000
Sold Price
$6,550,000
Premium/Discount to List
-$300,000
-4.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Purchase Details
Closed on
Jul 9, 2009
Sold by
Brown Walter L
Bought by
Rasmussen Carroll Dean
Purchase Details
Closed on
Jul 26, 2006
Sold by
Snow Eric Lawrence
Bought by
Brown Walter L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,060,000
Interest Rate
7.62%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 10, 2003
Sold by
Snow Alan Albert
Bought by
Snow Alan Albert
Purchase Details
Closed on
Dec 19, 2001
Sold by
Virginia S Snow Irrevocable Qualified Pe
Bought by
Snow Alan Albert
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 | $9,262,500 | Fidelity Natl Ttl Orange Cnt | |
| Grant Deed | $6,550,000 | Lawyers Title | |
| Grant Deed | $5,030,000 | Chicago Title Company | |
| Grant Deed | $5,100,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,000,000 | New Conventional | |
| Previous Owner | $1,800,000 | Stand Alone Second | |
| Previous Owner | $3,060,000 | Unknown | |
| Previous Owner | $2,450,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $9,500,000 | 0.0% | $3,537 / Sq Ft |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- |
| 04/30/2021 04/30/21 | Price Changed | $9,500,000 | -5.0% | $3,537 / Sq Ft |
| 11/16/2020 11/16/20 | For Sale | $9,995,000 | +52.6% | $3,721 / Sq Ft |
| 06/10/2014 06/10/14 | Sold | $6,550,000 | -4.4% | $2,060 / Sq Ft |
| 06/02/2014 06/02/14 | Pending | -- | -- | -- |
| 03/05/2014 03/05/14 | For Sale | $6,850,000 | -- | $2,154 / 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 |
|---|---|---|---|---|
| 2024 | $58,354 | $5,515,480 | $5,349,126 | $166,354 |
| 2023 | $99,421 | $9,447,750 | $9,162,794 | $284,956 |
| 2022 | $97,788 | $9,262,500 | $8,983,131 | $279,369 |
| 2021 | $78,410 | $7,417,929 | $7,085,086 | $332,843 |
| 2020 | $77,659 | $7,341,868 | $7,012,437 | $329,431 |
| 2019 | $76,033 | $7,197,910 | $6,874,938 | $322,972 |
| 2018 | $74,511 | $7,056,775 | $6,740,135 | $316,640 |
| 2017 | $73,190 | $6,918,407 | $6,607,975 | $310,432 |
| 2016 | $71,536 | $6,782,752 | $6,478,406 | $304,346 |
| 2015 | $70,869 | $6,680,869 | $6,381,094 | $299,775 |
| 2014 | -- | $5,296,553 | $4,967,086 | $329,467 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
Tim Smith
Coldwell Banker Realty
(949) 717-4711
5 in this area
722 Total Sales
-
S
Seller's Agent in 2014
Steve Sutherlen
Villa Real Estate
-
Buyer's Agent in 2014
Sue Young
Compass
(949) 395-5112
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP14045434
APN: 050-051-18
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
- 135 Turquoise Ave
- 210 Collins Ave
- 126 Ruby Ave
- 201 Diamond Ave
- 222 Ruby Ave
- 121 Emerald Ave Unit 2
- 126 Sapphire Ave
- 214 Sapphire Ave
- 316 Diamond Ave
- 302 Sapphire Ave
- 700 E Oceanfront
- 916 E Oceanfront
- 115 Apolena Ave
- 600 E Oceanfront Unit 1D
- 417 E Balboa Blvd
- 1103 Balboa Ave
- 207 E Edgewater Ave Unit A
- 207 E Edgewater Ave
- 402 E Oceanfront
- 310 E Oceanfront