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Sold for $4,500,000
  • Listed by: Compass • Robin McMonigle • Contact: 214-543-6903
    Bought with: RE/MAX ONE
    $4,500,000

    427 Belvue Ln, Newport Beach, CA 92661

    3beds
    1,200sqft
    Single Family Residence
    Built in 1951
    4,000 Square Feet Lot
    $5,377,200 Zestimate®
    $3,750/sqft
    $7,473 Estimated rent

    Home value

    $5,377,200

    $4.79M - $6.08M

    $7,473/mo

    Zestimate® history
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    What's special

    Opulent coastal retreatVerdant lawnSun-drenched living spacesPeninsula point
    Enveloped by the serene embrace of Belvue Lane, this exquisite coastal sanctuary is a true gem nestled within the idyllic Balboa Peninsula Point. Poised on a generous 4,000 square foot lot, this vintage residence exudes timeless elegance and invites endless imagination. Approaching this coastal haven, a picturesque white picket fence envelops the splendid front yard, adorned with a lush, blooming garden that leads to an inviting Dutch-door entry. Meticulously updated, the sun-drenched living spaces seamlessly flow towards a verdant lawn and a tranquil terrace, gracefully separating the charming two-bedroom cottage from an enchanting separate guest area or home office, all crowned by a welcoming garage. Whether one's vision leans towards restoring the original character of this endearing beachside bungalow or embarking on the creation of an opulent coastal retreat, the allure of Belvue Lane's picturesque promenade orientation is undeniable. A leisurely stroll away, the glistening shores and tranquil bay beckon, while Peninsula Point homeowners relish the offerings of a community racquet club and a neighborhood association bayfront BBQ area with a convenient boat launch. Nearby, the historic Balboa Village unfolds its eclectic tapestry of shops and restaurants, beckoning with its coastal charm. Included in this offering are City of Newport Beach approved architectural plans, artfully crafted by Bill Guidero, and landscape designs by Molly Wood Garden, envisioning a luxurious 3,800 square foot coastal masterpiece.

    Zillow last checked:

    Listing updated:

    Listed by:

    Robin McMonigle DRE #01197591 214-543-6903,

    Compass

    Bought with:

    Kristy Wallick, DRE #02155985

    RE/MAX ONE

    Source: CRMLS,MLS#: NP23217026MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Rooms
    • Room types: Kitchen, Living Room
    Cooling
    • None
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 4,000 Square Feet
    • Features: Back Yard, Front Yard
    Details
    • Parcel number: 04825122
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Sewer: Sewer On Bond
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Suburban
    • Subdivision: Balboa Peninsula Point (Blpp)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $3,750/sqft
    • Tax assessed value: $6,064,555
    • Date on market: 11/27/2023
    • Cumulative days on market: 124 days
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    4/30/2024Sold$4,500,000-2.1%$3,750/sqft
    Source: CRMLS #NP23217026 Report a problem
    3/27/2024Pending sale$4,595,000$3,829/sqft
    Source: CRMLS #NP23217026 Report a problem
    11/27/2023Listed for sale$4,595,000+2.1%$3,829/sqft
    Source: CRMLS #NP23217026 Report a problem
    7/22/2022Sold$4,500,000-5.8%$3,750/sqft
    Source: Public Record Report a problem
    7/15/2022Pending sale$4,775,000$3,979/sqft
    Source: CRMLS #NP22097921 Report a problem
    7/13/2022Contingent$4,775,000$3,979/sqft
    Source: CRMLS #NP22097921 Report a problem
    6/26/2022Price change$4,775,000-4%$3,979/sqft
    Source: CRMLS #NP22097921 Report a problem
    6/25/2022Price change$4,975,000-5.2%$4,146/sqft
    Source: CRMLS #NP22097921 Report a problem
    5/10/2022Listed for sale$5,250,000$4,375/sqft
    Source: CRMLS #NP22097921 Report a problem
    7/21/2020Listing removed$5,950$5/sqft
    Source: Pacific Sotheby's Int'l Realty #NP20131540 Report a problem
    7/12/2020Listed for rent$5,950+2.6%$5/sqft
    Source: Pacific Sotheby's Int'l Realty #NP20131540 Report a problem
    4/24/2019Listing removed$5,800$5/sqft
    Source: Pacific Sotheby's International Realty #OC19054519 Report a problem
    3/12/2019Listed for rent$5,800$5/sqft
    Source: Pacific Sotheby's International Realty #OC19054519 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $6,064,555 +20.4%
    2025$53,168 +9.4%$5,035,887 +9.7%
    2024$48,616 +2.4%$4,590,000 +2%
    2023$47,480 +3133.5%$4,500,000 +4204.2%
    2022$1,468 +1.8%$104,548 +2%
    2021$1,443 +1%$102,499 +1%
    2020$1,428 $101,448 +2%
    2019$1,428 +1.6%$99,459 +2%
    2018$1,406 +9.5%$97,509 +2%
    2017$1,284 $95,598 +2%
    2016$1,284 +2.1%$93,724 +1.5%
    2015$1,257 +3.7%$92,317 +2%
    2014$1,212 $90,509 +0.5%
    2013-- $90,100 +2%
    2012-- $88,334 +2%
    2011-- $86,602 +0.8%
    2010-- $85,955 -0.2%
    2009-- $86,160 +2%
    2008-- $84,471 +2%
    2007-- $82,815 +2%
    2006-- $81,192 +2%
    2005-- $79,600 +2%
    2004-- $78,040 +1.9%
    2003-- $76,610 +2%
    2002-- $75,108 +2%
    2001$770 +2.7%$73,636 +2%
    2000$749 $72,193
    Find assessor info on the county website

    Neighborhood: 92661

    Nearby schools

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    Estimated market value
    $5,377,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,377,200