$6,700,000
SOLD DEC 12, 2024
5 Beds
4 Baths
2,616 Sq Ft
2,310 Sq Ft Lot

Recently Sold

$2,561 Per Sq Ft

8% Below List Price

79 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Fishing
  • Newport Elementary School Rated A
  • Property has ocean access
  • Contemporary Architecture

About This Home

As of December 2024

Located on the Balboa Peninsula in the heart of Newport Beach, sitting on a prime 35' corner oceanfront lot, this newly refreshed, light and bright home offers 5 bedrooms and 4 baths, including 2-bedroom suites upstairs with a view of the Great Pacific Ocean. The Den can easily convert to a sixth bedroom and bath on the ground floor. In addition to panoramic beach views and the Pacific Ocean, enjoy southern views of the Balboa Pier, city lights and the hills of Newport Coast and views to the west, Catalina Island and stunning sunsets. A large patio situated along the boardwalk enables residents and guests to enjoy this unique beach community. For convenience, the home accommodates parking for 3 cars including an enclosed single garage. This Oceanfront corner lot single family home is great for large families and entertaining. It's an easy walk to Restaurants and shops. Great bike paths allow travel in both directions! Ride to the Harbor entrance or all the way to Huntington Beach! Easy on and off the peninsula via Balboa Blvd and the Balboa Island Ferry! Wide stretches of white sandy beaches!!! Great for the active members of your family! Wonderful schools for the young ones or relax with a book and listen to the waves roll in. Newport Elementary is in walking distance! Summer Junior Lifeguard programs for the kids! Make this your primary home or family vacation location. Looking forward to finding this amazing home it's new owners!!! (Square footage is approximate).

Last Agent to Sell the Property

Marlys Vasterling

Lora Vance, Realtor Brokerage Phone: 949-735-7064 License #00889533 Listed on: 07/16/2024

Last Buyer's Agent

Tara McNabb

Compass License #01871729

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,221

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 2,310 Sq Ft Lot
  • Beach Front
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Attached Garage
  • Carport
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Contemporary Architecture
  • Raised Foundation

Interior Spaces

  • 2,616 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den

Kitchen

  • Double Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • Converted Bedroom
  • 4 Full Bathrooms
  • Tile Bathroom Countertop
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Property has ocean access
  • Patio
  • Exterior Lighting
  • Front Porch

Location

  • Property is near public transit

Schools

  • Harbor View Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 3 / 9
  • Tax Tract Number 219
  • Assessor Parcel Number 04802411
  • $1,075 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,221

Year Built

Built in 1998 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04802411
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2616.00 Square Feet
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Entry Location: Waterfront
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: In Living Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2561.16
  • Room Type: All Bedrooms Up, Converted Bedroom, Den, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
  • Patio And Porch Features: Front Porch, Tile
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Harbor View
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Harbor View
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: HARVIE
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 2310.00
  • Lot Size Acres: 0.0530

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2310.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Fishing in Community, Ocean Access, Ocean Front, Sea Front

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 628.00
  • Tax Lot: 3
  • Tax Tract Number: 219
  • TaxOtherAnnualAssessmentAmount: 1075.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Oct 25, 2024
Sold by
Next Gen Watson Llc
Bought by
Demore Living Trust and Demore
Seller's Agent
Marlys Vasterling
Lora Vance, Realtor
Buyer's Agent
Tara McNabb
Compass
List Price
$7,250,000
Sold Price
$6,700,000
Premium/Discount to List
-$550,000
-7.59%
Views
109
Current Estimated Value
$6,867,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,115
Avg. Annual Appreciation
0.29%
Original Mortgage
$4,000,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2020
Sold by
Watson Phyllis H and The Watson Family Trust
Bought by
Next Gen Watson Llc

Purchase Details

Closed on
Dec 27, 2019
Sold by
Watson Phyllis H and The Watson Family Trust Of 199
Bought by
Watson Phyllis H and The Watson Family Trust Of 199

Purchase Details

Listed on
Oct 6, 2014
Closed on
May 5, 2015
Sold by
Politiski Ridley J and Politiski Michael
Bought by
Watson Family Trust Of 1992
Seller's Agent
Rob Smith
Compass
Buyer's Agent
Marlys Vasterling
Lora Vance, Realtor
List Price
$4,995,000
Sold Price
$4,550,000
Premium/Discount to List
-$445,000
-8.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%

Purchase Details

Closed on
Dec 29, 2008
Sold by
Politiski Noreen S
Bought by
Politiski Noreen S and Politiski Trust

Purchase Details

Closed on
Dec 4, 2000
Sold by
Politiski Robert C and Politiski Noreen S
Bought by
Politiski Robert C and Politiski Noreen S
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,700,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $4,550,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,000,000 New Conventional
Previous Owner $863,500 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $686,000 Unknown
Previous Owner $485,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $6,700,000 -7.6% $2,561 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $7,250,000 0.0% $2,771 / Sq Ft
05/23/2020 05/23/20 Rented $11,000 0.0% --
05/04/2020 05/04/20 For Rent $11,000 0.0% --
04/21/2020 04/21/20 Off Market $11,000 -- --
03/09/2020 03/09/20 For Rent $11,000 +23.6% --
10/31/2018 10/31/18 Rented $8,900 0.0% --
09/17/2018 09/17/18 Price Changed $8,900 -6.3% $3 / Sq Ft
06/04/2018 06/04/18 For Rent $9,500 0.0% --
06/25/2015 06/25/15 Sold $4,550,000 -8.9% $1,820 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
10/06/2014 10/06/14 For Sale $4,995,000 -- $1,998 / 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
2024 $57,221 $5,361,192 $4,997,775 $363,417
2023 $56,174 $5,256,071 $4,899,779 $356,292
2022 $55,169 $5,153,011 $4,803,705 $349,306
2021 $54,344 $5,051,972 $4,709,515 $342,457
2020 $53,828 $5,000,171 $4,661,225 $338,946
2019 $52,732 $4,902,129 $4,569,829 $332,300
2018 $51,770 $4,806,009 $4,480,224 $325,785
2017 $50,866 $4,711,774 $4,392,376 $319,398
2016 $49,748 $4,619,387 $4,306,251 $313,136
2015 $5,786 $411,837 $98,966 $312,871
2014 -- $403,770 $97,027 $306,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24146319

California Regional Multiple Listing Service (CRMLS)

APN: 048-024-11