NOT LISTED FOR SALE

Estimated Value: $8,249,000 - $11,111,000

6 Beds
6.5 Baths
7,800 Sq Ft
$1,241/Sq Ft Est. Value

Last Sold May 13, 2015

Last sale price $11,600,000 $1,487 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $64,848/month

62 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Cabana
  • El Morro Elementary School Rated A+
  • 24-Hour Security
  • Newly Remodeled

About This Home

As of May 2015

Within the exclusive guard gated community of Emerald Bay, this brand new estate sets a new standard of casually elegant living on the coast. Gracing one of the largest lots on the ocean side of Coast Hwy, the 6 bedroom, 6 and 1 half bath residence boasts approximately 7,800 sqft of interior living space. Years in design and construction ensure every architectural detail is given the utmost in attention. The gracious master suite has His & Her’s closets, adjoining office, lavish master bath and mesmerizing whitewater views from the large, private balcony. A large bonus room is center to two of the secondary bedrooms, each with its own bath and walk-in closet. The oversized Chef’s kitchen features the best of everything, from abundant custom cabinetry and deluxe appliances to a large island with breakfast bar and catering kitchen. Perfect for entertaining, the large dining room is complete with showcase wine cellar and exquisite fireplace. Other highlights Home Automation System, include Staff quarters with separate entrance, private pool & spa, indulgent cabana and garage parking for 5 cars.

Last Agent to Sell the Property

Mary Beveridge

Douglas Elliman of California License #01325822 Listed on: 03/12/2015

Douglas Elliman of California

Last Buyer's Agent

Harold Noriega

Compass License #01494239

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $138,188

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Fence is in excellent condition

HOA Fees

  • $589 Monthly HOA Fees

Parking

  • 5 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Custom Home
  • Split Level Home
  • Spanish Tile Roof
  • Copper Plumbing

Interior Spaces

  • 7,800 Sq Ft Home
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Bonus Room
  • Utility Room

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Home Security

  • Home Security System
  • Security Lights
  • Smart Home
  • Fire and Smoke Detector

Pool

  • Cabana
  • In Ground Spa
  • Private Pool

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Patio
  • Rain Gutters

Utilities

  • Central Air
  • Sewer Paid

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 940
  • Assessor Parcel Number 05306079

Home Details

Home Type

Single Family

Est. Annual Taxes

$138,188

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

HOA Fees

$589 per month

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: 24 Hour Security, Security Lights, Fire and Smoke Detection System, Gated Community, Gated with Guard, Guarded, Smoke Detector(s), Security System
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05306079
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7800.00
  • Interior Amenities: Bar, Beamed Ceilings, Built-in Features, Balcony, Copper Plumbing Full, Home Automation System, High Ceilings, Recessed Lighting
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Dining Room, Family Room, Master Bedroom
  • Levels: Multi/Split
  • Price Per Square Foot: 1487.18
  • Room Type: Bonus Room, Family Room, Formal Entry, Guest/Maid's Quarters, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Office, Utility Room, Wine Cellar
  • Spa Features: In Ground
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, Water, White Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Cabana
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 7072.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Gutters

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11799.00
  • Lot Size Acres: 0.2710

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11799.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2015
Closed on
Mar 17, 2015
Sold by
Martin Harry L and Martin Lina H
Bought by
Kerslake Mark J and Kerslake Holly E
Seller's Agent
Mary Beveridge
Douglas Elliman of California
Buyer's Agent
Harold Noriega
Compass
List Price
$12,999,000
Sold Price
$11,600,000
Premium/Discount to List
-$1,399,000
-10.76%
Current Estimated Value
$9,680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,920,000
Avg. Annual Appreciation
-1.03%
Original Mortgage
$8,000,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2012
Sold by
Martin Martin I
Bought by
Martin Harry I and Martin Lina H

Purchase Details

Closed on
Oct 7, 2010
Sold by
Bren Steven M
Bought by
Martin Harry I

Purchase Details

Closed on
Oct 24, 2008
Sold by
Bren Steven M and Bren Cynthia
Bought by
Bren Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,960,700
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2004
Sold by
Bren Steven M
Bought by
Bren Steven M and Bren Cynthia

Purchase Details

Closed on
Oct 18, 2004
Sold by
Bren Cynthia
Bought by
Bren Steven M

Purchase Details

Closed on
Jul 16, 2004
Sold by
Nelson D Marshall and Nelson Janine U
Bought by
Bren Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,900,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 1995
Sold by
Nelson D Marshall
Bought by
Nelson D Marshall and Nelson Janine U
Source: Public Records

Range of Values:

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Average Value
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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
Kerslake Mark J $11,550,000 Fidelity National Title Co
Martin Harry I -- Fidelity National Title Co
Martin Harry I $5,495,000 Fidelity National Title Co
Bren Steven M -- Multiple
Bren Steven M -- --
Bren Steven M -- First American Title Co
Bren Steven M $4,900,000 First American Title Co
Nelson D Marshall -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerslake Mark J $8,000,000
Previous Owner Kerslake Mark J $8,000,000
Previous Owner Martin Harry I $2,000,000
Previous Owner Martin Harry I $2,750,000
Previous Owner Bren Steven M $4,960,700
Previous Owner Bren Steven M $4,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2015 05/13/15 Sold $11,600,000 0.0% $1,487 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
01/21/2015 01/21/15 Off Market $11,600,000 -- --
01/08/2015 01/08/15 For Sale $12,999,000 -- $1,667 / 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 $138,188 $13,881,369 $10,431,011 $3,450,358
2024 $138,188 $13,609,186 $10,226,482 $3,382,704
2023 $135,020 $13,342,340 $10,025,963 $3,316,377
2022 $132,486 $13,080,726 $9,829,376 $3,251,350
2021 $129,947 $12,824,242 $9,636,643 $3,187,599
2020 $128,606 $12,692,746 $9,537,831 $3,154,915
2019 $126,400 $12,443,869 $9,350,815 $3,093,054
2018 $123,943 $12,199,872 $9,167,466 $3,032,406
2017 $121,514 $11,960,659 $8,987,711 $2,972,948
2016 $119,228 $11,726,137 $8,811,482 $2,914,655
2015 $78,869 $7,749,622 $5,591,197 $2,158,425
2014 $77,373 $7,597,818 $5,481,673 $2,116,145
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15004988

California Regional Multiple Listing Service (CRMLS)

APN: 053-060-79