Sold before Processing. Entered for comp purposes only.
Fantastic Balboa Island beach cottage on the Grand Canal and Boardwalk with rare Short Term Rental Permits. The main cottage consists of 3 bedrooms and two baths with an ensuite primary bedroom. The beamed and vaulted ceilinged living/great room with fireplace greets guests through its entry Dutch door. The chef's kitchen leads to a separate dining area opening to a private side patio. The front patio sits directly facing the Canal and the home's private dock which holds up to an 18 foot boat. The private rear unit has two comfortable bedrooms, a bath, kitchen and living room, and its own patio. In the rear there is covered parking for 3 cars. Both units have short term rental permits that are transferable to the new owner.
Sold for $3,750,000
Listed by: Abrams Coastal Properties • Donald Abrams • Contact: 949-675-4822
Bought with: Abrams Coastal Properties
$3,750,000
313 Grand Canal, Newport Beach, CA 92662
5beds
1,728sqft
Duplex
Built in 1923
2,614 Square Feet Lot
$4,593,100 Zestimate®
$2,170/sqft
$7,719 Estimated rent
Home value
$4,593,100
$4.09M - $5.24M
$7,719/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Donald Abrams DRE #01234323 949-675-4822,
Abrams Coastal Properties
Bought with:
Donald Abrams, DRE #01234323
Abrams Coastal Properties
Source: CRMLS,MLS#: NP23154883
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Great Room, Primary Bathroom, Primary Bedroom, Dining Room
Primary bedroom
- Features: Primary Suite
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Dual Sinks, Tub Shower
Kitchen
- Features: Updated Kitchen
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Oven, Gas Range
- Laundry: Outside
Features
- Beamed Ceilings, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Separate/Formal Dining Room, Bedroom on Main Level, Main Level Primary, Primary Suite
- Flooring: Carpet, Wood
- Windows: Wood Frames
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,728 sqft
Property
Parking
- Total spaces: 6
- Parking features: Covered
- Garage spaces: 3
- Carport spaces: 3
- Covered spaces: 6
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Open, Patio
- Exterior features: Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Front
Lot
- Size: 2,614 Square Feet
- Features: Front Yard
Details
- Parcel number: 05015125
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Cottage,Patio Home
- Property subtype: Duplex
Materials
- Foundation: Combination
- Roof: Asbestos Shingle
Condition
- Turnkey
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Security: Smoke Detector(s)
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,170/sqft
- Tax assessed value: $3,825,000
- Annual tax amount: $43,290
- Date on market: 9/18/2023
- Listing terms: Cash,Cash to Existing Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2023 | Sold | $3,750,000+383.9%$2,170/sqft |
Source:  CRMLS #NP23154883 Report a problem | ||
| 6/3/1999 | Sold | $775,000+66.3%$448/sqft |
Source: Public Record Report a problem | ||
| 2/26/1996 | Sold | $466,000$270/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $43,290 +1.5% | $3,825,000 +2% |
| 2024 | $42,654 +178.3% | $3,750,000 +221.1% |
| 2023 | $15,328 +22.1% | $1,167,799 +2% |
| 2022 | $12,554 +1.9% | $1,144,901 +2% |
| 2021 | $12,316 +1% | $1,122,452 +1% |
| 2020 | $12,197 | $1,110,943 +2% |
| 2019 | $12,197 +2.1% | $1,089,160 +2% |
| 2018 | $11,951 +3.8% | $1,067,804 +2% |
| 2017 | $11,510 | $1,046,867 +2% |
| 2016 | $11,510 +2.3% | $1,026,341 +1.5% |
| 2015 | $11,255 +3.4% | $1,010,925 +2% |
| 2014 | $10,886 | $991,123 +0.5% |
| 2013 | -- | $986,644 +2% |
| 2012 | -- | $967,299 +2% |
| 2011 | -- | $948,333 +0.8% |
| 2010 | -- | $941,246 -0.2% |
| 2009 | -- | $943,483 +2% |
| 2008 | -- | $924,984 +2% |
| 2007 | -- | $906,848 +2% |
| 2006 | -- | $889,067 +2% |
| 2005 | -- | $871,635 +2% |
| 2004 | -- | $854,545 +1.9% |
| 2003 | -- | $838,884 +2% |
| 2002 | -- | $822,436 +2% |
| 2001 | $8,311 +2.6% | $806,310 +2% |
| 2000 | $8,102 | $790,500 |
Find assessor info on the county website
Neighborhood: 92662
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Nearby schools
GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 1.7 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 1.9 mi
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Estimated market value
$4,593,100
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Estimated market value
$4,593,100
- California
- Orange County
- Newport Beach
- 92662
- 313 Grand Canal
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