NOT LISTED FOR SALE

Estimated Value: $6,536,000 - $15,987,035

6 Beds
5.5 Baths
4,787 Sq Ft
$2,028/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $8,300,000 $1,734 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $61,033/month

28 Days on Market

Highlights

  • Beach Front
  • Marina
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Marina View
  • Fireplace in Primary Bedroom

About This Home

As of May 2016

This Mid-Century Modern style bayfront home is located on the coveted Eastern tip of Lido Isle. From this vantage point you have one of the finest views of Newport Harbor's main turning basin, the snow capped San Bernardino Mountains, night lights of Fashion Island, glorious sunrises and all of the harbor's sailing regattas and activity. The home was designed by the renowned team of architect Rolly Pulaski and interior designer Steve Chase and maintains its original architectural integrity and character. The lower level of the home features a big waterfront patio, a private entry courtyard, a large living room with a fireplace, a library with floor to ceiling bookshelves, a formal dining area, a downstairs bedroom suite, large kitchen, and a 3-car attached garage. Upstairs there is a bayfront master suite, and three additional bedrooms and two baths. The property features 50’ of waterfront and a private pier and slip which can accommodate a boat up to 59’ and a side tie. Lido Isle is one of Newport Beach’s most desired waterfront communities and enjoys a private yacht club, bay beaches, tennis, kid’s playground and an abundance of group activities for the whole family. This prestigious property is offered for the first time in over 40 years.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 04/28/2016

Pacific Sotheby’s International Realty

Co-Listed By

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Last Buyer's Agent

Jason Roberts

Bear Appraisals License #AR035487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $113,221

Year Built

  • Built in 1972

Lot Details

  • 6,245 Sq Ft Lot
  • Beach Front
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Marina
  • Coastline
  • Bay
  • Harbor
  • Views of a pier
  • Panoramic
  • City Lights
  • Bluff

Interior Spaces

  • 4,787 Sq Ft Home
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Workshop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Listing and Financial Details

  • Tax Lot 323
  • Tax Tract Number 907
  • Assessor Parcel Number 42328111

Community Details

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$113,221

Year Built

Built in 1972

Lot Details

0

HOA Fees

$120 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42328111
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4787.00
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Eating Area: Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1733.86
  • Room Type: Family Room, Library, Living Room, Master Bedroom, Main Floor Bedroom, Master Suite, Workshop

Exterior Features

  • View: Bay, Bluff, City Lights, Coastline, Harbor, Marina, Panoramic, Pier, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 120.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6245.00
  • Price Per Lot Square Foot: 1329.06

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Beach Front, Marina in Community, Navigable Water

Tax Info

  • Tax Lot: 323
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2024
Sold by
Gabriel Gregory S
Bought by
Gregory And Jessica Gabriel Family Trust and Gabriel
Current Estimated Value
$9,709,678

Purchase Details

Closed on
Apr 3, 2024
Sold by
Gabriel Andrew S
Bought by
Gabriel Family Trust and Gabriel

Purchase Details

Closed on
Apr 11, 2018
Sold by
Hines Alan
Bought by
Gabriel Andrew S and Gabriel Nicholas G

Purchase Details

Closed on
Aug 19, 2016
Sold by
Gabriel Steven C and Gabriel Dana M
Bought by
Hines J Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 28, 2016
Closed on
May 24, 2016
Sold by
First Foundation Bank
Bought by
Hines J Alan
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Jason Roberts
Bear Appraisals
List Price
$8,995,000
Sold Price
$8,300,000
Premium/Discount to List
-$695,000
-7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%

Purchase Details

Closed on
Jan 15, 2016
Sold by
First Foundation Bank
Bought by
First Foundation Bank

Purchase Details

Closed on
Dec 9, 2009
Sold by
Rutter J E T and Rutter Lenore Kittredge
Bought by
Rutter J E T and Rutter Lenore Kittredge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2005
Sold by
Rutter J E T and Rutter Lenore Kittredge
Bought by
Rutter J E T and Rutter Lenore Kittredge

Purchase Details

Closed on
Apr 16, 2004
Sold by
Rutter J E T and Rutter Lenore Kittredge
Bought by
Rutter J E T and Rutter Lenore Kittredge

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
5.39%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 4, 2001
Sold by
Rutter J E T and Rutter Lenore Kittredge
Bought by
Rutter J E T and Rutter Lenore Kittredge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,001
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 1999
Sold by
Rutter J E T and Rutter Lenore K
Bought by
Rutter J E T and Rutter Lenore Kittredge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1997
Sold by
Rutter J E T and Kittredge Lenore Kittredge
Bought by
Rutter J E T and Rutter Lenore Kittredge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gregory And Jessica Gabriel Family Trust -- None Listed On Document
Gabriel Family Trust -- None Listed On Document
Gabriel Andrew S -- None Available
Hines J Alan -- First American Title
Gabriel Steven C -- First American Title
Hines J Alan $8,300,000 Chicago Title Company
First Foundation Bank -- None Available
First Foundation Bank -- None Available
Rutter J E T -- None Available
Rutter J E T -- --
Rutter J E T -- Equity Title Company
Rutter J E T -- Equity Title Company
Rutter J E T -- Equity Title Company
Rutter J E T -- Equity Title Company
Rutter J E T -- Guardian Title Company
Rutter J E T -- Guardian Title Company
Rutter J E T -- --
Rutter J E T -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gabriel Steven C $4,000,000
Previous Owner Rutter J E T $729,750
Previous Owner Rutter J E T $1,000,000
Previous Owner Rutter J E T $1,000,001
Previous Owner Rutter J E T $645,000
Previous Owner Rutter J E T $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $8,300,000 -7.7% $1,734 / Sq Ft
04/28/2016 04/28/16 For Sale $8,995,000 -- $1,879 / 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 $113,221 $14,159,831 $11,558,682 $2,601,149
2024 $113,221 $10,722,877 $8,921,654 $1,801,223
2023 $106,316 $10,105,542 $8,746,720 $1,358,822
2022 $90,560 $8,575,216 $8,575,216 $0
2021 $88,818 $8,407,075 $8,407,075 $0
2020 $87,967 $8,320,871 $8,320,871 $0
2019 $92,961 $8,808,026 $8,157,717 $650,309
2018 $91,099 $8,635,320 $7,997,762 $637,558
2017 $89,484 $8,466,000 $7,840,943 $625,057
2016 $9,928 $912,794 $563,858 $348,936
2015 $9,833 $899,083 $555,388 $343,695
2014 $9,528 $881,472 $544,509 $336,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16089435

California Regional Multiple Listing Service (CRMLS)

APN: 423-281-11