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Sold for $4,437,500
  • Listed by: Compass • Summer Perry • Contact: 949-375-9074
    Bought with: Compass
    $4,437,500

    205 Garnet Ave, Newport Beach, CA 92662

    4beds
    2,241sqft
    Single Family Residence
    Built in 1979
    2,550 Square Feet Lot
    $4,437,000 Zestimate®
    $1,980/sqft
    $7,583 Estimated rent

    Home value

    $4,437,000

    $4.08M - $4.88M

    $7,583/mo

    Zestimate® history
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    What's special

    Cozy fireplacePrivate balconyAbundance of natural lightDesigner touchesElegant white oak flooringCustom-tiled showerVersatile bonus room
    Welcome to 205 Garnet Avenue, Newport Beach! Nestled in the tranquil part of Balboa Island, just north of the charming Balboa Ferry, this stunning four-bedroom, four-bathroom home offers 2,241 square feet of luxurious living space on a 2,550-square-foot lot. The home is situated on a street that is notably wider than many others in the area, providing a more spacious and open feel. The underground assessment has already been paid, adding extra value and peace of mind to this remarkable property. Recently remodeled by HGTV stars The Flipping El Moussas, this pristine home is filled with designer touches and an abundance of natural light that will leave you in awe. Step inside to discover wide plank white oak flooring that flows seamlessly throughout, offering both beauty and ease of maintenance. The chef's kitchen is a true showstopper, featuring white shaker cabinets, stunning countertops and backsplash, a custom hood vent, and high-end appliances—perfect for culinary enthusiasts. The primary suite is an impressive oasis with vaulted ceilings, a cozy fireplace, a private balcony, a large custom-tiled shower, and a new vanity. The secondary bedrooms are equally inviting, offering ample closet space and the same elegant white oak flooring. All bathrooms have been beautifully appointed with new vanities and custom-tiled showers. Embrace California's indoor/outdoor living by opening the Dutch door or enjoying your morning coffee on the spacious front patio or one of the multiple balconies. Additional features include a versatile bonus room and full bath downstairs that can be converted into a fifth bedroom. There is also a secondary entrance to the back half of the upstairs, providing an opportunity for a 1-bedroom, 1-bath attached Junior ADU rental unit if desired. With its prime location in a quiet part of the island and impeccable design, this home is perfect for entertaining or enjoying the relaxing coastal lifestyle. Don't miss out on this remarkable property—schedule your visit today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Summer Perry DRE #01882790 949-375-9074,

    Compass,

    Jessica Bailey DRE #01990301,

    Compass

    Bought with:

    Dean Lueck, DRE #01752859

    Compass

    Source: CRMLS,MLS#: NP24196311MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Bonus Room, Den, Family Room, Kitchen, Laundry, Living Room
    Bathroom
    • Features: Bathroom Exhaust Fan, Bathtub, Full Bath on Main Level, Humidity Controlled, Jetted Tub, Low Flow Plumbing Fixtures, Stone Counters, Remodeled, Separate Shower, Tub Shower
    Kitchen
    • Features: Built-in Trash/Recycling, Kitchen/Family Room Combo, Pots & Pan Drawers, Stone Counters, Remodeled, Self-closing Cabinet Doors, Self-closing Drawers, Updated Kitchen
    Kitchen
    • Features: Galley Kitchen
    Heating
    • Central, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Barbecue, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Water To Refrigerator, Water Purifier, Dryer, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Beamed Ceilings, Built-in Features, Balcony, Breakfast Area, Chair Rail, Ceiling Fan(s), Crown Molding, High Ceilings, Living Room Deck Attached, Open Floorplan, Quartz Counters, Stone Counters, Recessed Lighting, Storage, Bar, Galley Kitchen
    • Flooring: Wood
    • Windows: Double Pane Windows, Plantation Shutters
    • Has fireplace: Yes
    • Fireplace features: Gas, Guest Accommodations, Living Room, Primary Bedroom
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,241 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Concrete, Door-Multi, Garage, No Driveway, Garage Faces Rear
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Safe Emergency Egress from Home
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Patio & porch: Deck, Front Porch, Patio, Porch, Stone
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Neighborhood
    • Waterfront features: Ocean Side Of Freeway, Ocean Side Of Highway
    Lot
    • Size: 2,550 Square Feet
    • Features: Sprinklers In Front, Level, Rectangular Lot, Sprinklers Timer
    Details
    • Additional structures: Guest House Attached
    • Parcel number: 05002211
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Board & Batten Siding, Drywall
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Electric: Electricity - On Property, 220 Volts in Laundry
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Fishing, Marina
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Balboa Island - Main Island (Balm)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,980/sqft
    • Tax assessed value: $4,161,495
    • Annual tax amount: $44,012
    • Date on market: 10/9/2024
    • Cumulative days on market: 51 days
    • Listing terms: Cash,Cash to New Loan,Conventional,FHA,Submit,VA Loan
    • Inclusions: Seller would prefer to sell their personal property i.e. furniture, kitchen accessories and linens. Underground assessment has been paid.
    • Exclusions: A few select items are staged throughout the home and are not for sale.
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/6/2025Sold$4,437,500-3.4%$1,980/sqft
    Source: CRMLS #NP24196311 Report a problem
    12/29/2024Pending sale$4,595,000$2,050/sqft
    Source: CRMLS #NP24196311 Report a problem
    12/2/2024Contingent$4,595,000$2,050/sqft
    Source: CRMLS #NP24196311 Report a problem
    10/9/2024Listed for sale$4,595,000+14.9%$2,050/sqft
    Source: CRMLS #NP24196311 Report a problem
    9/13/2024Listing removed$20,850$9/sqft
    Source: Zillow Rentals Report a problem
    7/2/2024Price change$20,850+4.3%$9/sqft
    Source: Zillow Rentals Report a problem
    6/19/2024Listed for rent$20,000$9/sqft
    Source: Zillow Rentals Report a problem
    4/25/2023Sold$4,000,000+0%$1,785/sqft
    Source: Public Record Report a problem
    3/27/2023Pending sale$3,999,900$1,785/sqft
    Source: CRMLS #PW23047975 Report a problem
    3/23/2023Listed for sale$3,999,900+41.6%$1,785/sqft
    Source: CRMLS #PW23047975 Report a problem
    8/17/2022Sold$2,825,000$1,261/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$44,012 +1.6%$4,161,495 +2%
    2024$43,322 -2.5%$4,079,898 +44.4%
    2023$44,412 +340.1%$2,825,000 +203.3%
    2022$10,092 +2%$931,442 +2%
    2021$9,898 +1%$913,179 +1%
    2020$9,802 $903,816 +2%
    2019$9,802 +2.1%$886,095 +2%
    2018$9,602 +3.9%$868,721 +2%
    2017$9,244 $851,688 +2%
    2016$9,244 +2.3%$834,989 +1.5%
    2015$9,037 +3.4%$822,447 +2%
    2014$8,738 $806,337 +0.5%
    2013-- $802,693 +2%
    2012-- $786,954 +2%
    2011-- $771,524 +0.8%
    2010-- $765,758 -0.2%
    2009-- $767,578 +2%
    2008-- $752,528 +2%
    2007-- $737,773 +2%
    2006-- $723,307 +2%
    2005-- $709,125 +2%
    2004-- $695,221 +1.9%
    2003-- $682,480 +2%
    2002-- $669,099 +2%
    2001$6,678 +2.6%$655,980 +2%
    2000$6,509 $643,118
    Find assessor info on the county website

    Neighborhood: 92662

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harbor View
    • Middle: Corona Del Mar
    • High: Corona Del Mar

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,437,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,437,000