$8,325,000
SOLD SEP 14, 2023
4 Beds
6 Baths
4,450 Sq Ft
6,900 Sq Ft Lot

Recently Sold

$1,871 Per Sq Ft

1% Below List Price

9 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Home Theater
  • Abraham Lincoln Elementary School Rated A
  • Wine Cellar
  • Heated In Ground Pool

About This Home

As of September 2023

Designed by renowned OC architect Christopher Brandon and built by local legend Chris Gallo, this dream team custom beauty is a mid-century modern Corona del Mar Landmark. But here's the best part - it's not open to the public, it's in fact available as your own luxury private hideaway.

The approach starts right as you enter, a wooden architectural sculpture trellis and a right-angled pathway of cedar posts line the walkway from the entry gate to the front door. It also shades the afternoon sun coming into the great room. At dusk, LED lights inserts in the overhanging trellis cast a serene sense of home over the courtyard area.

Upstairs is the primary living area, where we enjoy as much natural light as possible. Ceiling heights extend to almost 10 feet. In the kitchen, a quartz-topped island anchors an expansive luxurious open space equipped with Thermador, Sub-Zero, and Miele professional-grade appliances. A private and spacious pantry provides extra space to prep and clean out of view of your guests. The open plan living area opens onto the great room. It is flanked by a quiet and private outdoor patio on one side, and the pool courtyard on the other, creating two independent, but equally tranquil, distinct outdoor experiences. Fleetwood disappearing glass walls on both sides of the space make the main-floor living space feel more expansive. Have dinner in the patio and see through the great room, over the pool and all the way to the pool room or extra bedroom. The master suite includes dual walk-in closets. Downstairs boasts two bedroom suites, a theater room, a climate controlled 500 bottle wine room, a kitchenette/wet bar, and 3 car garage access. Perfect for guests, winding down, or family time with the kids.

Waterfalls in the saltwater pool provide visual and auditory stimulation and the raised spa give the pool area a larger resort style feel. The current residents also upgraded the space by adding a brand new (taller) privacy hedge, a fire pit, and a retractable awning for a perfectly comfortable outdoor experience at all hours of the day. This unique home is a must see.

Irvine Terrace's inventory includes some original homes which are being remodeled. However, todays land and building costs, supply chain issues, and delays means that a home like this could cost twice as much to build and take over four years. Why wait? This 2018 flawlessly built architectural landmark can be yours today and is ready for you to move in.

Last Agent to Sell the Property

Oscar Chavez

Keller Williams Newport Estates License #01300098 Listed on: 08/10/2023

Keller Williams Newport Estates

Last Buyer's Agent

Keven Stirdivant

Kase Real Estate License #01434793

Kase Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,916

Year Built

  • Built in 2018 | Remodeled

Lot Details

  • 6,900 Sq Ft Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Driveway
  • Automatic Gate

Property Views

  • Ocean
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Midcentury Modern Architecture
  • Modern Architecture
  • Turnkey
  • Metal Roof

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Skylights
  • Recessed Lighting
  • Awning
  • Roller Shields
  • Casement Windows
  • Window Screens
  • Wine Cellar
  • Great Room
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Bonus Room
  • Game Room
  • Storage
  • Tile Flooring
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Six Burner Stove
  • <<builtInRangeToken>>
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Converted Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Saltwater Pool
  • Waterfall Pool Feature

Outdoor Features

  • Beach Access
  • Deck
  • Enclosed patio or porch
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Corona Del Mar High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1701
  • Assessor Parcel Number 05028410
  • $369 per year additional tax assessments

Community Details

Overview

  • Irvine Terrace Association, Phone Number (949) 448-6000
  • First Residential HOA
  • Built by Gallo Builders
  • Irvine Terrace Subdivision

Recreation

  • Community Playground
  • Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,916

Year Built

Built in 2018 | Remodeled

Lot Details

0

HOA Fees

$47 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Price range 7.95M to 8.425M. 7.95M is cost of the home vacant - sellers are firm on price. Range up to 8.425M includes artwork and furniture - all of which is new and individual receipts are available.
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: Yes
  • Architectural Style: Mid Century Modern, Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05028410
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4450.00 Square Feet
  • Interior Amenities: Built-in Features, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Wet Bar
  • Stories: 2
  • Entry Location: Upstairs
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1870.79
  • Room Type: Bonus Room, Converted Bedroom, Family Room, Game Room, Great Room, Home Theatre, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Separate Family Room, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Private, Heated
  • Window Features: Casement Windows, Roller Shields, Screens, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Quartz Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Barbecue Private, Lighting, Rain Gutters, Sump Pump
  • View: Neighborhood, Ocean, Peek-A-Boo
  • Builder Name: Gallo Builders
  • Patio And Porch Features: Covered, Deck, Enclosed, Patio, Tile
  • Pool Features: Private, Heated, In Ground, Salt Water, Waterfall
  • Pool Private: Yes
  • Roof: Metal
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Gas Range, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Heating Type: Central, Zoned
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground
  • Association Fee: 47.00
  • Association Fee Frequency: Monthly
  • Association Name: Irvine Terrace
  • Phone: 949-448-6000
  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking, Park, Watersports, Sidewalks, Suburban
  • Association Management: First Residential

Schools

  • School District: Newport Mesa Unified
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584
  • Latitude Manual: 33.60945800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6900.0000 Square Feet
  • Number Of Units In Community: 450
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 11
  • Tax Tract Number: 1701
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 23, 2023
Sold by
Richard Shawn Buckley Revocable Trust
Bought by
2023 Strong Family Trust and Strong
Seller's Agent
Oscar Chavez
Keller Williams Newport Estates
Buyer's Agent
Keven Stirdivant
Kase Real Estate
List Price
$8,425,000
Sold Price
$8,325,000
Premium/Discount to List
-$100,000
-1.19%
Views
47
Current Estimated Value
$9,040,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$715,909
Avg. Annual Appreciation
4.56%
Original Mortgage
$5,962,500
Outstanding Balance
$5,862,727
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$3,178,182

Purchase Details

Listed on
Nov 1, 2022
Closed on
Dec 30, 2022
Sold by
Stephanie And Erik Wexler Family Trust
Bought by
Richard Shawn Buckley Revocable Trust
Seller's Agent
Alex Miller
Compass
Buyer's Agent
Oscar Chavez
Keller Williams Newport Estates
List Price
$7,499,000
Sold Price
$7,000,000
Premium/Discount to List
-$499,000
-6.65%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.53%

Purchase Details

Listed on
Apr 15, 2019
Closed on
Jul 22, 2019
Sold by
711 Ramona Llc
Bought by
Wexler Erik and Wexler Stephanie
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
Kathryn White
Coldwell Banker Realty
List Price
$5,795,000
Sold Price
$5,200,000
Premium/Discount to List
-$595,000
-10.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$3,900,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 13, 2015
Closed on
Jun 23, 2015
Sold by
P & L Visions Llc
Bought by
711 Ramona Llc
Seller's Agent
Tim Robertson
Compass
Buyer's Agent
Tim Robertson
Compass
List Price
$2,025,000
Sold Price
$1,925,000
Premium/Discount to List
-$100,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.35%

Purchase Details

Listed on
Oct 29, 2014
Closed on
Jan 27, 2015
Sold by
Levin Alan M and Papazian Robert A
Bought by
P & L Visions Llc
Seller's Agent
Bryn Debeikes
Coldwell Banker Realty
Buyer's Agent
Tim Robertson
Compass
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.81%

Purchase Details

Listed on
Oct 29, 2014
Closed on
Jan 20, 2015
Sold by
Papazian Sandra
Bought by
Papazian Robert A
Seller's Agent
Bryn Debeikes
Coldwell Banker Realty
Buyer's Agent
Tim Robertson
Compass
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%

Purchase Details

Closed on
Jan 3, 2014
Sold by
Romero Alice
Bought by
Levin Alan M and Papazian Robert A
Source: Public Records

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Range of Values:

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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 $8,325,000 Lawyers Title
Grant Deed $7,000,000 Fidelity National Title
Grant Deed $5,200,000 Ticor Title
Grant Deed $1,925,000 California Title Company
Grant Deed -- California Title Company
Interfamily Deed Transfer -- California Title Company
Grant Deed $1,650,000 California Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,962,500 New Conventional
Previous Owner $3,740,000 New Conventional
Previous Owner $3,900,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $8,325,000 -1.2% $1,871 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $8,425,000 +20.4% $1,893 / Sq Ft
01/11/2023 01/11/23 Sold $7,000,000 -6.7% $1,591 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
12/28/2022 12/28/22 For Sale $7,499,000 +7.1% $1,704 / Sq Ft
12/15/2022 12/15/22 Off Market $7,000,000 -- --
11/01/2022 11/01/22 For Sale $7,499,000 +44.2% $1,704 / Sq Ft
08/26/2019 08/26/19 Sold $5,200,000 -3.6% $1,182 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
06/07/2019 06/07/19 Price Changed $5,395,000 -6.9% $1,226 / Sq Ft
04/15/2019 04/15/19 For Sale $5,795,000 +201.0% $1,317 / Sq Ft
07/17/2015 07/17/15 Sold $1,925,000 -4.9% $1,354 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
06/13/2015 06/13/15 For Sale $2,025,000 +22.7% $1,424 / Sq Ft
01/29/2015 01/29/15 Sold $1,650,000 +10.0% $1,157 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
10/29/2014 10/29/14 For Sale $1,500,000 -- $1,052 / 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 $87,916 $8,325,000 $6,066,473 $2,258,527
2023 $57,608 $5,466,127 $3,415,922 $2,050,205
2022 $56,658 $5,358,949 $3,348,944 $2,010,005
2021 $55,568 $5,253,872 $3,283,278 $1,970,594
2020 $55,035 $5,200,000 $3,249,612 $1,950,388
2019 $41,807 $3,942,377 $1,995,071 $1,947,306
2018 $20,904 $1,955,952 $1,955,952 $0
2017 $20,535 $1,917,600 $1,917,600 $0
2016 $20,079 $1,880,000 $1,880,000 $0
2015 $2,158 $172,085 $122,507 $49,578
2014 -- $168,715 $120,108 $48,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23145970

California Regional Multiple Listing Service (CRMLS)

APN: 050-284-10