Stunning Cape Cod three-bedroom, two-and-a-half-bath Island home just steps from
the water! As soon as you step on the property, you'll be greeted by a cozy front patio
and a beautiful Dutch door leading to the large living room. The downstairs living
space is complete with a fireplace, dining area, and a spacious private interior patio.
The real standout feature of this home is the outstanding secondary family room with
its fantastic two-story high ceilings, a fireplace, complete with wood beams. This space is perfect
for entertaining or just relaxing after a day at the beach. Enjoy a fully equipped
kitchen with upgraded appliances and all the amenities you need. The second level
of the home provides two guest bedrooms, as well as a master suite boasting an office/sitting area, and a private balcony. This property also comes with
a rare short-term lodging permit, making it an excellent investment opportunity for
those looking to rent out the property when not in use. This home is a true gem,
offering the perfect blend of beach-side relaxation and modern amenities. Don't miss
your chance to make it your own!
Sold for $3,950,000
Listed by: Arbor Real Estate • Ryan Gunderson • Contact: 949-873-3841
Bought with: Compass
$3,950,000
229 Opal Ave, Newport Beach, CA 92662
3beds
2,162sqft
Single Family Residence
Built in 1989
2,550 Square Feet Lot
$5,261,400 Zestimate®
$1,827/sqft
$8,078 Estimated rent
Home value
$5,261,400
$4.63M - $6.00M
$8,078/mo
Zestimate® history
Owner options
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$8,078/mo
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$8,078/mo
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$24,974/mo
Est. payment
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$24,974/mo
Est. payment
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List your homeWhat's special
Master suiteModern amenitiesSpacious private interior patioFantastic two-story high ceilingsCozy front patioSecondary family roomFully equipped kitchen
Zillow last checked:
Listing updated:
Listed by:
Ryan Gunderson DRE #01869795 949-873-3841,
Arbor Real Estate
Bought with:
Allison Root, DRE #01368988
Compass
Source: CRMLS,MLS#: NP23048364
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Up
Kitchen
- Features: Granite Counters
Heating
- Central
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Upper Level
Features
- All Bedrooms Up
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,162 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Front Patio
- Pool features: None
- Has view: Yes
- View description: City Lights
Lot
- Size: 2,550 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 05007206
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,827/sqft
- Tax assessed value: $4,029,000
- Annual tax amount: $45,270
- Date on market: 5/11/2023
- Cumulative days on market: 15 days
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2023 | Sold | $3,950,000-5.8%$1,827/sqft |
Source:  CRMLS #NP23048364 Report a problem | ||
| 5/26/2023 | Contingent | $4,195,000$1,940/sqft |
Source: CRMLS #NP23048364 Report a problem | ||
| 5/11/2023 | Listed for sale | $4,195,000+126.8%$1,940/sqft |
Source: CRMLS #NP23048364 Report a problem | ||
| 6/11/2004 | Sold | $1,850,000+97.9%$856/sqft |
Source: Public Record Report a problem | ||
| 6/1/1998 | Sold | $935,000+8.7%$432/sqft |
Source: Public Record Report a problem | ||
| 8/26/1997 | Sold | $860,000$398/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $45,270 +1.5% | $4,029,000 +2% |
| 2024 | $44,616 +37.6% | $3,950,000 +40.4% |
| 2023 | $32,433 +10.4% | $2,813,553 +2% |
| 2022 | $29,380 +2% | $2,758,386 +2% |
| 2021 | $28,817 +1% | $2,704,300 +1% |
| 2020 | $28,540 | $2,676,571 +2% |
| 2019 | $28,540 +2.1% | $2,624,090 +2% |
| 2018 | $27,948 +3.9% | $2,572,638 +2% |
| 2017 | $26,906 | $2,522,195 +5.5% |
| 2016 | $26,906 +5.8% | $2,391,000 +15.1% |
| 2015 | $25,442 +14.7% | $2,077,920 |
| 2014 | $22,180 | $2,077,920 +17% |
| 2013 | -- | $1,776,000 +11% |
| 2012 | -- | $1,600,000 |
| 2011 | -- | $1,600,000 -18.5% |
| 2010 | -- | $1,962,000 -6.5% |
| 2009 | -- | $2,098,000 -4% |
| 2008 | -- | $2,184,840 |
| 2007 | -- | $2,184,840 +2% |
| 2006 | -- | $2,142,000 +13.5% |
| 2005 | -- | $1,887,000 +79.7% |
| 2004 | -- | $1,050,070 +1.9% |
| 2003 | -- | $1,030,825 +2% |
| 2002 | -- | $1,010,613 +2% |
| 2001 | $10,075 +2.6% | $990,798 +2% |
| 2000 | $9,820 | $971,371 |
Find assessor info on the county website
Neighborhood: 92662
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GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 2 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.1 mi
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Estimated market value
$5,261,400
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Estimated market value
$5,261,400
- California
- Orange County
- Newport Beach
- 92662
- 229 Opal Ave
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