Outstanding Island duplex cottage in excellent location. This home provides a classic Island design with an abundance of flexibility. The home has 6 total bedrooms, 4.5 total baths, two-car garage, and two short-term lodging permits. The main house has 3 bedrooms, including two on the main level, one and a half baths, updated kitchen, A/C, as well as a large front patio. The expansive rear unit includes 3 bedrooms, 2.5 baths, a main floor entrance and bedroom as well as a fantastic living area with vaulted ceilings, updated kitchen, A/C, patio, and more. The home also has a spacious two-car garage, enclosed outdoor shower, and is conveniently located just four doors from the Bay as well on the quiet west end of the Island where the utilities have already been ungrounded. The home also includes TWO short term rental permits which provides the new owner with a rare opportunity to use this home as either a main house, second home, or investment property.
Sold for $3,375,000
Listed by: Arbor Real Estate • Ryan Gunderson • Contact: 949-873-3841
Bought with: Compass
Tax assessed value
$3,375,000
227 Agate Ave, Newport Beach, CA 92662
6beds
2,480sqft
Duplex
Built in 1930
2,550 Square Feet Lot
$4,612,400 Zestimate®
$1,361/sqft
$8,893 Estimated rent
Home value
$4,612,400
$4.01M - $5.35M
$8,893/mo
Zestimate® history
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$21,339/mo
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Zillow last checked:
Listing updated:
Listed by:
Ryan Gunderson DRE #01869795 ryan@arborrealestate.com,
Arbor Real Estate
Bought with:
Brad Hinman, DRE #01186277
Compass
Source: CRMLS,MLS#: NP24184231
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom
Bedroom
- Features: Bedroom on Main Level
Cooling
- Central Air
Appliances
- Laundry: In Garage
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,480 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 2,550 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 05003133
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,361/sqft
- Tax assessed value: $3,375,000
- Annual tax amount: $37,800
- Date on market: 9/19/2024
- Cumulative days on market: 4 days
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2024 | Sold | $3,375,000+5.6%$1,361/sqft |
Source:  CRMLS #NP24184231 Report a problem | ||
| 9/27/2024 | Contingent | $3,195,000$1,288/sqft |
Source: CRMLS #NP24184231 Report a problem | ||
| 9/19/2024 | Listed for sale | $3,195,000$1,288/sqft |
Source: CRMLS #NP24184231 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,800 +809.1% | $3,375,000 +1935.6% |
| 2024 | $4,158 +1.6% | $165,801 +2% |
| 2023 | $4,091 +1.4% | $162,550 +2% |
| 2022 | $4,032 +1% | $159,363 +2% |
| 2021 | $3,993 +87.6% | $156,239 +1% |
| 2020 | $2,129 | $154,637 +2% |
| 2019 | $2,129 +1.6% | $151,605 +2% |
| 2018 | $2,095 +3.6% | $148,633 +2% |
| 2017 | $2,023 | $145,719 +2% |
| 2016 | $2,023 +2% | $142,862 +1.5% |
| 2015 | $1,983 +3.5% | $140,717 +2% |
| 2014 | $1,916 | $137,961 +0.5% |
| 2013 | -- | $137,338 +2% |
| 2012 | -- | $134,646 +2% |
| 2011 | -- | $132,006 +0.8% |
| 2010 | -- | $131,020 -0.2% |
| 2009 | -- | $131,333 +2% |
| 2008 | -- | $128,758 +2% |
| 2007 | -- | $126,234 +2% |
| 2006 | -- | $123,759 +2% |
| 2005 | -- | $121,333 +2% |
| 2004 | -- | $118,954 +1.9% |
| 2003 | -- | $116,774 +2% |
| 2002 | -- | $114,485 +2% |
| 2001 | $1,198 +2.7% | $112,241 +2% |
| 2000 | $1,167 | $110,041 |
Find assessor info on the county website
Neighborhood: 92662
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Nearby schools
GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 2.1 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.1 mi
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Estimated market value
$4,612,400
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Estimated market value
$4,612,400
- California
- Orange County
- Newport Beach
- 92662
- 227 Agate Ave
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