NOT LISTED FOR SALE

Estimated Value: $7,784,000 - $22,105,290

3 Beds
3.5 Baths
4,000 Sq Ft
$3,736/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $21,000,000 $5,250 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $96,845/month

54 Days on Market

Highlights

  • Property has ocean access
  • Private Dock Site
  • Parking available for a boat
  • Newport Elementary School Rated A
  • Home fronts a seawall
  • 4-minute walk to Degrassi Park

About This Home

As of July 2024

A refined collection of spaces capturing the idyllic sights and sounds of an iconic location. Set along the Nord of Lido Isle – one of the region’s most-desired enclaves, this bayfront residence and its exterior surround were just completely reimagined to reflect an elegant and modern – yet delightfully comfortable environment. Captivating views of the wide waterway, main turning basin, and sparkling skyline present an ever- changing panorama from the 40 feet of unobstructed frontage. Both levels of the over 3,900 square-foot dwelling are crowned by near property-width walls of windows affording a beautiful palette of diffused light throughout the home, and spectacular views from the main living areas. The three bedrooms, four baths, and generous rooms for dining, entertaining, and relaxation are all finished with impeccable quality and a fresh, yet enduring aesthetic. Every consideration was made to open and enhance the property through both fine materials and precision construction execution. A small selection of interior appointments and technological components includes – abundant use of stones and hardwoods; raised and recessed square wall paneling; finish carpentry of rift white oak throughout the entire home; the addition of white oak beams; new Town & Country fire places with stone surrounds; a reconfigured stair and custom
railings; designer lighting, wall coverings, and Sofi-controlled window treatments; Nickel
and brass fittings and fixtures; Wolf, Sub Zero, and Perlic kitchen and bar
accommodations; Waterworks and spa-like bath elements; new HVAC; home security;
and wired Sonos sound system. The outdoors, with equivalent attributes, are
complemented by a rare extended waterfront terrace clad with Belgard Italian pavers;
Western cedar soffits; copper gutters and water divertment; surveillance cameras; and a
new custom boat dock with Pro Fender wrapped carpet fenders and berthing capacity
for an up to 60’ craft. Further distinguishing the offering – a commercial grade elevator
and three-vehicle garage space, both fully-finished with porcelain and stone flooring;
paneling and Quality first woodworks millwork; along with the optimal proximity to
regional amenities, Lido Village, and the recreation opportunities of the Newport Harbor.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty Brokerage Phone: 7144213377 License #01024996 Listed on: 05/21/2024

Pacific Sotheby's Int'l Realty

Co-Listed By

Ryan Tarr

Pacific Sotheby's Int'l Realty Brokerage Phone: 7144213377 License #01960027

Last Buyer's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $170,240

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 3,600 Sq Ft Lot
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Wood Fence
  • Wire Fence
  • Stucco Fence
  • Landscaped
  • Level Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $121 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Gated Parking
  • Parking available for a boat

Property Views

  • Bay
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Turnkey
  • Raised Foundation
  • Wood Product Walls

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Awning
  • Custom Window Coverings
  • Entryway
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Living Room Balcony
  • Dining Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Doors swing in
  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Property has ocean access
  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Open Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Rear Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected
  • Tankless Water Heater
  • Water Purifier
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 344
  • Tax Tract Number 907
  • Assessor Parcel Number 42327107
  • $380 per year additional tax assessments

Community Details

Overview

  • Lido Isle Community Association, Phone Number (949) 673-6170
  • Lido Island Subdivision

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Boat Dock
  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Community Playground
  • Water Sports

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$170,240

Year Built

Built in 1983 | Remodeled

Lot Details

0

HOA Fees

$121 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Fire Sprinkler System, Guarded, Security System, Smoke Detector(s)
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42327107
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4000.00 Square Feet
  • Interior Amenities: Bar, Built-in Features, Elevator, High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Wet Bar, Wired for Data, Wired for Sound, Wood Product Walls
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Primary Bedroom, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 5250.00
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Suite, Walk-In Closet
  • Window Features: Custom Covering, Double Pane Windows, Drapes
  • Bathroom Features: Bathtub, Closet In Bathroom, Double Sinks In Primary Bath, Exhaust Fan(s), Soaking Tub, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Awning(s), Barbecue Private, Boat Slip, Dock Private, Lighting, Rain Gutters
  • View: Bay, City Lights, Hills, Mountain(s), Panoramic, Water
  • Fence: Yes
  • Fencing: Stucco Wall, Wire, Wood
  • Patio And Porch Features: Patio Open, Rear Porch, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Boat, Built-In Storage, Direct Garage Access, Garage, Garage Faces Front, Garage - Three Door, Gated, Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Purifier, Water Softener
  • Electric: 220 Volts in Garage, 220 Volts in Laundry
  • Heating Type: Central, Fireplace(s), Zoned
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dock, Tennis Court(s), Sport Court, Clubhouse, Guard, Security
  • Association Fee: 1450.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Curbs, Watersports, Sidewalks, Street Lights
  • Association Management: Lido Isle Community Association

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Level
  • Lot Size Sq Ft: 3600.00
  • Lot Size Acres: 0.0826
  • Latitude Manual: 33.61092700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3600.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock, Ocean Access, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 344
  • Tax Tract Number: 907
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jul 18, 2024
Sold by
Lloyd Smith Separate Property Trust and 2022 M Smith Irrevocable Trust
Bought by
Everett Family Trust and Everett
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$22,500,000
Sold Price
$21,000,000
Premium/Discount to List
-$1,500,000
-6.67%
Views
49
Current Estimated Value
$14,944,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,055,355
Avg. Annual Appreciation
-28.13%

Purchase Details

Closed on
Aug 30, 2023
Sold by
Lloyd Smith Separate Property Trust
Bought by
2022 M Smith Irrevocable Trust and 2022 R Smith Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,432,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 1, 2022
Sold by
Linda Faye Kruse Revocable Living Trust
Bought by
Lloyd Smith Separate Property
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$15,995,000
Sold Price
$16,100,000
Premium/Discount to List
$105,000
0.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.17%

Purchase Details

Closed on
Jun 29, 2020
Sold by
Kruse Linda Faye and Linda Faye Kruse Qualified Per
Bought by
Kruse Linda Faye and Kruse Linda Faye

Purchase Details

Closed on
Dec 5, 2019
Sold by
Kruse Linda Faye and Kruse Linda Faye
Bought by
Kruse Linda Faye and Linda Faye Kruse Qualified Per

Purchase Details

Closed on
Sep 6, 2019
Sold by
Kruse Linda Faye
Bought by
Kruse Linda Faye and Linda Faye Kruse Revocable Living Trust

Purchase Details

Listed on
May 8, 2018
Closed on
Jul 9, 2018
Sold by
Lear Amy and Marschewski Alison
Bought by
Kruse David Robert and Kruse Linda Faye
Seller's Agent
Maureen White
Compass
Buyer's Agent
Marilyn Read
Coldwell Banker Realty
List Price
$8,695,000
Sold Price
$8,000,000
Premium/Discount to List
-$695,000
-7.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
May 19, 2010
Sold by
Carroll Richard W and Carroll Shirley E
Bought by
Choate Jerry D and Jerry Choate Trust

Purchase Details

Closed on
Sep 25, 2006
Sold by
Carroll Richard W and Carroll Shirley E
Bought by
Carroll Richard W and Carroll Shirley E

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
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2006
Sold by
Carroll Richard W and Carroll Shirley E
Bought by
Carroll Richard W and Carroll Shirley E

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
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2003
Sold by
Carroll Richard and Carroll Shirley
Bought by
Carroll Richard W and Carroll Shirley E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 1994
Sold by
Lido Partners
Bought by
Carroll Richard and Carroll Shirley

Purchase Details

Closed on
Nov 10, 1993
Sold by
Koll Lido Partners
Bought by
Lido Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.91%
Source: Public Records

Range of Values:

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Average Value
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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
Everett Family Trust $21,000,000 Lawyers Title
2022 M Smith Irrevocable Trust $13,491,272 None Listed On Document
Lloyd Smith Separate Property $16,100,000 First American Title
Kruse Linda Faye -- None Available
Kruse Linda Faye -- None Available
Kruse Linda Faye -- None Available
Kruse David Robert $8,000,000 Lawyers Title
Choate Jerry D $5,300,000 Provident Title
Carroll Richard W -- None Available
Carroll Richard W -- Stewart Title Irvine
Carroll Richard W -- --
Carroll Richard $2,275,000 Stewart Title
Lido Partners -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2022 M Smith Irrevocable Trust $6,432,000
Previous Owner 2022 M Smith Irrevocable Trust $6,432,000
Previous Owner Carroll Richard W $3,000,000
Previous Owner Carroll Richard $1,000,000
Previous Owner Carroll Richard $2,000,000
Previous Owner Lido Partners $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $21,000,000 -6.7% $5,250 / Sq Ft
05/21/2024 05/21/24 For Sale $22,500,000 +39.8% $5,625 / Sq Ft
03/14/2022 03/14/22 Sold $16,100,000 +0.7% $4,043 / Sq Ft
02/25/2022 02/25/22 For Sale $15,995,000 +99.9% $4,017 / Sq Ft
07/09/2018 07/09/18 Sold $8,000,000 -8.0% $2,009 / Sq Ft
05/08/2018 05/08/18 For Sale $8,695,000 -- $2,184 / 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 $170,240 $16,141,925 $13,333,045 $2,808,880
2023 $169,489 $16,138,698 $13,330,379 $2,808,319
2022 $88,742 $8,409,427 $7,914,244 $495,183
2021 $87,034 $8,244,537 $7,759,063 $485,474
2020 $86,273 $8,160,000 $7,679,503 $480,497
2019 $84,466 $8,000,000 $7,528,924 $471,076
2018 $63,466 $6,012,653 $5,525,590 $487,063
2017 $62,339 $5,894,758 $5,417,245 $477,513
2016 $60,930 $5,779,175 $5,311,025 $468,150
2015 $60,360 $5,692,367 $5,231,249 $461,118
2014 $58,934 $5,580,862 $5,128,776 $452,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24102682

California Regional Multiple Listing Service (CRMLS)

APN: 423-271-07