$8,000,000
SOLD JUL 9, 2018
3 Beds
4 Baths
3,982 Sq Ft
3,600 Sq Ft Lot

Recently Sold

$2,009 Per Sq Ft

8% Below List Price

58 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Open Floorplan
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • 4-minute walk to Degrassi Park

About This Home

As of July 2024

Situated on the premiere waterfront avenue of Newport Beach’s coveted Lido Isle this recently remodeled 3-bedroom suite 3.5-bathroom home epitomizes southern California coastal living in every way. The approx. 3980 sqft home follows soft contemporary design notes, bay facing living room & dining room, gourmet kitchen and 3 car garages. Second floor hosts a master retreat spanning the 40ft bay facing side, two secondary bedroom suites and media center. Outside premium stone hardscapes and beautiful landscapes accent the waterfront deck, dock, and built in BBQ all in the backdrop of Newport Harbor and city lights with the saddleback mountains resting in the horizon. Positioned on the main channel offers deep water allowing perfect accommodations for a wide range of sea vessels. The vibrant and recently renovated surrounding community showcases premium shopping, dining and entertainment. This rare location and pristine condition can only be appreciated in person.

Last Agent to Sell the Property

Maureen White

Compass License #00430565 Listed on: 05/08/2018

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Marilyn Read

Coldwell Banker Realty License #00981786

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $170,240

Year Built

  • Built in 1983

Lot Details

  • 3,600 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Level Lot

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Home Design

  • Turnkey

Interior Spaces

  • 3,982 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Harbor Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher
  • Granite Countertops
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • 4 Full Bathrooms
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Private Dock Site
  • Docks
  • Outdoor Grill

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 344
  • Tax Tract Number 907
  • Assessor Parcel Number 42327107

Community Details

Overview

  • Lido Isle Community Association, Phone Number (714) 456-0700

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$170,240

Year Built

Built in 1983

Lot Details

0

HOA Fees

$900 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42327107
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3982.00 Square Feet
  • Interior Amenities: Built-in Features, Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2009.04
  • Room Type: Family Room, Kitchen, Master Suite
  • Bathroom Features: Shower, Double Sinks In Master Bath, Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Utility Sink

Exterior Features

  • Exterior Features: Barbecue Private, Dock Private
  • View: Harbor, Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse
  • Association Fee: 900.00
  • Association Fee Frequency: Monthly
  • Association Name: Lido Isle Community
  • Phone: 714-456-0700
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Park Nearby
  • Lot Size Sq Ft: 3600.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

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

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%
Total Days on Market
58
Views
49
Current Estimated Value
$14,354,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,645,862
Avg. Annual Appreciation
-35.42%

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
-3.48%

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
8.82%

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

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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 $21,000,000 Lawyers Title
Grant Deed $13,491,272 None Listed On Document
Grant Deed $16,100,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $8,000,000 Lawyers Title
Grant Deed $5,300,000 Provident Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title Irvine
Interfamily Deed Transfer -- --
Partnership Grant Deed $2,275,000 Stewart Title
Grant Deed -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $6,432,000 Seller Take Back
Previous Owner $6,432,000 New Conventional
Previous Owner $3,000,000 New Conventional
Previous Owner $1,000,000 Unknown
Previous Owner $2,000,000 Credit Line Revolving
Previous Owner $800,000 No Value Available
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: NP18106864

California Regional Multiple Listing Service (CRMLS)

APN: 423-271-07