$8,063,000 - $9,425,518
RENTED FEB 6, 2025
4 Beds
3.5 Baths
3,893 Sq Ft
$2,298 Price per Sq Ft

Last Sold September 14, 2021

Last sale price $6,600,000 $1,695 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $54,797/month

Highlights

  • Property has ocean access
  • Private Dock Site
  • Boat Slip
  • Abraham Lincoln Elementary School Rated A
  • Home fronts navigable water
  • Home Theater

About This Home

As of February 2025

Furnished Four-bedroom home available from March. Enjoy living in this bayfront home with a large private boat dock, additional family room, and sitting room or office space. You'll enjoy the benefits of Balboa Island while living in a serene neighborhood. This Contemporary-style home showcases sleek, clean lines and stylish stainless steel which compliments the warm, Mahogany siding. The inside boasts light-filled spaces with large windows, high ceilings and the versatility of open concept living. This home is a host's dream as it features a Snaidero European kitchen with professional-grade stainless steel appliances, motorized window shades, a wet bar, a media room, and walls of glass opening to the bayside patio. The sunken living room offers the perfect space for extra guests or for an intimate gathering around the fireplace. Retire for the night in your waterfront master suite, indulge in a soak in your free-standing jetted tub or relax in a steam shower surrounded by designer-selected stone.

This home has plenty of space and privacy. The second-level primary suite is located at the bayside of the home, there are two Jack & Jill bedrooms and a full office located at the opposite end of the home. The fourth bedroom suite is located on the primary level with an attached full bath.

Enjoy the California weather on your large bayside patio where you can indulge in a cool drink and a good book or entertain family and friends. Take advantage of direct access to Balboa Island channels to the ocean with your large, private dock. Balboa Island offers a variety of experiences from whale watching to wine tasting and is the perfect spot for waterfront activities, whether you enjoy the thrill of the surf or the Zen of kayaking and paddleboarding. Crowned Orange County's top culinary community, residents and visitors of Newport Beach enjoy the area's diverse sophisticated restaurants and charming dining experiences. Enjoy elevated shopping trips on Fashion Island where prestigious department stores and specialty boutiques are surrounded by panoramic ocean views. End the perfect shopping day at one of the over 30 dining options on Fashion Island.

Last Agent to Rent the Property

Tina Tullett

Tina Tullett Brokerage Phone: 949-432-7174 License #02156807 Listed on: 10/07/2024

Last Renter's Agent

NoEmail NoEmail

None MRML License #N/A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,645

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 5,060 Sq Ft Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Driveway
  • Off-Street Parking

Property Views

  • Bay
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Turnkey
  • Copper Plumbing

Interior Spaces

  • 3,893 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Built-In Features
  • Bar
  • Two Story Ceilings
  • Recessed Lighting
  • Raised Hearth
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Separate Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Home Theater
  • Den with Fireplace

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Boat Slip
  • Private Dock Site
  • Docks
  • Stone Porch or Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Softener
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $30,000
  • 12-Month Minimum Lease Term
  • Available 12/5/24
  • Tax Lot 59
  • Tax Tract Number 3867
  • Assessor Parcel Number 05043102

Community Details

Overview

  • Property has a Home Owners Association
  • Promontory Bay Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,645

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-12-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 30000
  • Furnished: Furnished
  • Pets Allowed: Yes
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Inclusions: Fully Furnished
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security System
  • Subdivision Name Other: Promontory Bay (PBAY)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05043102
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3893.00 Square Feet
  • Interior Amenities: Bar, Built-in Features, Copper Plumbing Full, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Two Story Ceilings, Wet Bar
  • Stories: 2
  • Entry Location: Front Driveway Steel Door/1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen, In Living Room
  • Entry Level: 1
  • Fireplace Features: Den, Living Room, Gas Starter, Raised Hearth
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 8.22
  • Room Type: Entry, Foyer, Guest/Maid's Quarters, Home Theatre, Jack & Jill, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Media Room, Office, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Primary Bath, Exhaust Fan(s), Granite Counters, Hollywood Bathroom (Jack&Jill), Jetted Tub, Main Floor Full Bath, Privacy Toilet Door, Remodeled, Separate Tub And Shower, Soaking Tub, Stone Counters, Upgraded, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip, Dock Private, Satellite Dish
  • View: Bay, Neighborhood, Water
  • Patio And Porch Features: Deck, Patio, Patio Open, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Off Street
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Double Oven, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Water Softener
  • Electric: 220 Volts in Garage, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Park Nearby
  • Lot Size Sq Ft: 5060.00
  • Lot Size Acres: 0.1162

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months, 24 Months, 6 Months, Month To Month, Negotiable, Seasonal, Short Term Lease
  • Lot Size Area: 5060.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Includes Dock, Navigable Water, Ocean Access

Tax Info

  • Tax Census Tract: 630.05
  • Tax Lot: 59
  • Tax Tract Number: 3867

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jul 30, 2021
Sold by
Grasso Albert L and Grasso Lois M
Bought by
Liu Jing
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Fei Li
Keller Williams Legacy
List Price
$7,395,000
Sold Price
$6,600,000
Premium/Discount to List
-$795,000
-10.75%
Current Estimated Value
$8,945,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,345,880
Avg. Annual Appreciation
8.05%
Original Mortgage
$3,960,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2020
Closed on
Oct 23, 2020
Sold by
Hall Mark H and The Gregson B Hall Irrevocable
Bought by
Grasso Albert L and Grasso Lois M
Seller's Agent
Michelle Ultimo Hall
Ultimo Properties, Inc.
Buyer's Agent
ROBERT IRISH
LAKE HILLS REALTY INC
List Price
$6,950,000
Sold Price
$6,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.04%

Purchase Details

Closed on
Feb 28, 2013
Sold by
Casa Real Limited Partnership
Bought by
Hall Mark H and The Gregson B Hall Irrevocable Trust

Purchase Details

Closed on
Jun 27, 2006
Sold by
Taborelli David Jay and Groux Charles James
Bought by
Casa Real Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2005
Sold by
Groux Charles James and Taborelli David Jay
Bought by
Taborelli David Jay and Groux Ii Charles James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2003
Sold by
Groux Charles J and Taborelli David J
Bought by
Groux Ii Charles James and Taborelli David Jay

Purchase Details

Closed on
Sep 29, 1998
Sold by
Groux Charles J and Taborelli David J
Bought by
Groux Ii Charles J and Taborelli David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,492,000
Interest Rate
7%

Purchase Details

Closed on
Oct 11, 1995
Sold by
Hall Richard A
Bought by
Groux Ii Charles J and Taborelli David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
7.37%
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
Liu Jing $6,600,000 First American Title Company
Grasso Albert L $6,950,000 First Amer Ttl Co Res Div
Hall Mark H -- None Available
Casa Real Lp $4,400,000 California Title Company
Taborelli David Jay -- Fidelity National Title
Groux Ii Charles James -- Fidelity National Title Ins
Groux Ii Charles J -- Fidelity National Title Co
Groux Ii Charles J $1,475,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Jing $3,960,000
Previous Owner Casa Real Lp $3,000,000
Previous Owner Taborelli David Jay $2,000,000
Previous Owner Groux Ii Charles James $1,000,000
Previous Owner Taborelli David J $1,000,000
Previous Owner Taborelli David J $70,000
Previous Owner Taborelli David J $249,000
Previous Owner Taborelli David J $75,000
Previous Owner Groux Ii Charles J $1,492,000
Previous Owner Groux Ii Charles J $1,475,000
Closed Groux Ii Charles James $0
Closed Taborelli David Jay $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Rented $32,000 +6.7% --
10/07/2024 10/07/24 For Rent $30,000 +3.4% --
03/29/2024 03/29/24 Rented $29,000 -3.3% --
03/03/2024 03/03/24 Price Changed $30,000 -7.7% $8 / Sq Ft
02/14/2024 02/14/24 Price Changed $32,500 -7.1% $8 / Sq Ft
01/03/2024 01/03/24 For Rent $35,000 +29.6% --
10/01/2023 10/01/23 Rented $27,000 0.0% --
09/26/2023 09/26/23 Under Contract -- -- --
09/26/2023 09/26/23 Price Changed $27,000 +22.7% $7 / Sq Ft
09/17/2023 09/17/23 Price Changed $22,000 -4.3% $6 / Sq Ft
09/08/2023 09/08/23 Price Changed $23,000 -8.0% $6 / Sq Ft
08/28/2023 08/28/23 Price Changed $25,000 -3.8% $6 / Sq Ft
08/16/2023 08/16/23 Price Changed $26,000 -3.7% $7 / Sq Ft
08/06/2023 08/06/23 For Rent $27,000 0.0% --
09/14/2021 09/14/21 Sold $6,600,000 -5.0% $1,695 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
03/24/2021 03/24/21 Price Changed $6,950,000 -6.0% $1,785 / Sq Ft
02/22/2021 02/22/21 For Sale $7,395,000 +6.4% $1,900 / Sq Ft
11/16/2020 11/16/20 Sold $6,950,000 0.0% $1,785 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $6,950,000 -- $1,785 / 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
2025 $72,645 $7,003,972 $6,276,501 $727,471
2024 $72,645 $6,866,640 $6,153,433 $713,207
2023 $70,952 $6,732,000 $6,032,777 $699,223
2022 $69,785 $6,600,000 $5,914,487 $685,513
2021 $72,435 $6,850,000 $6,169,272 $680,728
2020 $47,566 $4,483,581 $3,856,999 $626,582
2019 $46,573 $4,395,668 $3,781,371 $614,297
2018 $45,642 $4,309,479 $3,707,227 $602,252
2017 $44,833 $4,224,980 $3,634,536 $590,444
2016 $43,821 $4,142,138 $3,563,271 $578,867
2015 $43,412 $4,079,920 $3,509,748 $570,172
2014 $42,388 $4,000,000 $3,440,996 $559,004
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24207665

California Regional Multiple Listing Service (CRMLS)

APN: 050-431-02