$6,800,000
SOLD OCT 19, 2012
5 Beds
4 Baths
2,950 Sq Ft
5,400 Sq Ft Lot

Recently Sold

$2,305 Per Sq Ft

20% Below List Price

105 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Traditional Architecture
  • Fireplace
  • Newport Elementary School Rated A
  • Main Floor Bedroom
  • 4-minute walk to Degrassi Park

About This Home

As of November 2021

Incredible opportunity to create a signature bayfront estate on a large, double lot at the coveted Eastern end of Lido Isle. Enjoy the ever-changing worldclass boating activity, city lights, stunning sunrises, open channel and turning basin views from this prized locale. Featuring a private pier and slip for large vessels and situated in one of Newport's finest and most established waterside communities, this fabulous property is on the market for the first time in 62 years. The existing 5 bedroom/4 bath home with a wrap-around bayfront patio and ample yard space has been well-maintained and with a little TLC, would make a wonderful and charming family retreat. Parcels of this stature are a rare and fading breed. The community of Lido offers sailing, private beaches, playgrounds, tennis, bbq's, an abundance of activities and is within walking distance to fine dining, shopping and renowned surf breaks.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 06/07/2012

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Sharon McKinnon

Compass License #00828100

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $207,295

Year Built

  • Built in 1937

Lot Details

  • 5,400 Sq Ft Lot
  • Property Fronts a Bay or Harbor

Parking

  • 3 Car Attached Garage

Property Views

  • Bay
  • City Lights

Home Design

  • Traditional Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,950 Sq Ft Home
  • Fireplace
  • Living Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Sewer Paid

Community Details

  • Property has a Home Owners Association
  • Association Phone (949) 533-7878

Listing and Financial Details

  • Tax Lot 347
  • Tax Tract Number 907
  • Assessor Parcel Number 42327110

Home Details

Home Type

Single Family

Est. Annual Taxes

$207,295

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-533-7878
  • Property Attached: No
  • Subdivision Name Other: Lido Island
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42327110
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2950.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Levels: Two
  • Price Per Square Foot: 2305.08
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Water
  • Fence: No
  • Pool Private: No
  • Roof: Clay, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 80.00
  • Phone: 949.533.7878
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5400.0000 Square Feet
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 347
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Nov 4, 2021
Sold by
Harry Huberman Bernard
Bought by
Bimey Family Living 1989 Trust
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$18,900,000
Sold Price
$18,900,000
Total Days on Market
105
Current Estimated Value
$12,750,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,149,025
Avg. Annual Appreciation
-10.33%
Original Mortgage
$10,000,000
Outstanding Balance
$9,364,028
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$3,386,947

Purchase Details

Listed on
Sep 20, 2021
Closed on
Oct 15, 2021
Sold by
Huberman Lukas Ian and Huberman Nikokette
Bought by
Richardson Steven M and Richardson Survivors Trust
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$18,900,000
Sold Price
$18,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Outstanding Balance
$9,364,028
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$3,386,947

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 17, 2016
Sold by
Birney Marcia Lynn
Bought by
Huberman Bernard and Bernard Huberman Trust
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$8,750,000
Sold Price
$7,850,000
Premium/Discount to List
-$900,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%

Purchase Details

Listed on
Jun 7, 2012
Closed on
Sep 18, 2012
Sold by
Stegall James W
Bought by
Birney Michael T and Birney Marcia Lynn
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sharon McKinnon
Compass
List Price
$8,495,000
Sold Price
$6,800,000
Premium/Discount to List
-$1,695,000
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$5,000,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2011
Sold by
Lahaye Mary E
Bought by
Lahaye Mary E and Mary E Lahaye Qualified Personal Residen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 14, 2000
Sold by
Lahaye Mary E
Bought by
Lahaye Mary E
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
Deed -- --
Grant Deed $18,900,000 Chicago Title
Deed -- --
Grant Deed $7,850,000 California Title Company
Grant Deed -- First American Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000,000 New Conventional
Previous Owner $4,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,000,000 New Conventional
Previous Owner $750,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $18,900,000 0.0% $3,355 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $18,900,000 +140.8% $3,355 / Sq Ft
06/24/2016 06/24/16 Sold $7,850,000 -3.1% $2,490 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
06/05/2016 06/05/16 Price Changed $8,100,000 -7.4% $2,569 / Sq Ft
04/11/2016 04/11/16 For Sale $8,750,000 +28.7% $2,775 / Sq Ft
10/19/2012 10/19/12 Sold $6,800,000 -20.0% $2,305 / Sq Ft
06/07/2012 06/07/12 For Sale $8,495,000 -- $2,880 / 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 $207,295 $19,663,560 $17,470,696 $2,192,864
2023 $202,471 $19,278,000 $17,128,133 $2,149,867
2022 $199,151 $18,900,000 $16,792,287 $2,107,713
2021 $110,398 $10,458,180 $8,385,486 $2,072,694
2020 $102,621 $9,712,760 $8,299,504 $1,413,256
2019 $87,940 $8,330,482 $8,136,769 $193,713
2018 $86,180 $8,167,140 $7,977,225 $189,915
2017 $84,651 $8,007,000 $7,820,808 $186,192
2016 $74,841 $7,097,625 $6,925,703 $171,922
2015 $74,144 $6,991,013 $6,821,673 $169,340
2014 $72,150 $6,830,872 $6,688,046 $142,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002272

California Regional Multiple Listing Service (CRMLS)

APN: 423-271-10