See Home Value
$6,545,566*
House - Off Market

259 Ocean View Avenue

Newport Beach, CA 92663
bedrooms
4 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
4525 Sqft
$5,846,000 - $7,144,000
Reference Base Price*
0.78%
Since Jun 1, 2022
National-US
Primary Model
Sold Mar 25, 2024
$5,175,000
$1,125,000 by Wells Fargo Bank, Na
Mortgage Due Apr 01, 2054
Sold Feb 27, 2018
$3,000,000

About This Property

VIEWS VIEWS VIEWS!!! Incredible Newport Heights custom home. This home underwent a complete remodel 4 years ago. No expense was spared, this home has light oakwood flooring throughout, marble in the kitchen and bathrooms, 10 ft high ceilings, and a great open floor plan with a large living room! The kitchen has custom cabinetry, a huge cascading marble island and the top-of-the-line appliances. The 4th bedroom has been transformed into a media room which can easily be reverted. The front facing unobstructed views from this home are breathtaking! You can see Newport Harbor all the way to the ocean. The top floor patio wraps around the house with incredible views from both the master and guest bedroom. The master suite has TWO large walk-in closets, and the bathroom is coated in marble with a large walk-in shower and separate soaking tub. The backyard has a swimming pool and spa, which is incased in a custom glass fence. The front yard also has a nice grass area if you are looking for another spot to relax with great ocean city and views. The driveway off Cliff has been redone to reduce the slope for cars that have a lower ground clearance. You can easily park 3-4 cars on the driveway in addition to the 3-car garage. This location is unbeatable, you can easily walk to the beach, or to restaurants and shops on Mariner's Mile and Lido!

The manager has listed the unit size as 4525 square feet.
Unit Size
4,525Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$1,435
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

Price History

Date / Event Date Event Price
Apr 18, 2022 Listed $6,495,000
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 864
  • Garage Type: Garage
  • Garage Square Area: 657
  • Parking Space Count: 3
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 9,176
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 620
  • Total Building Area: 4,466
  • Gross Building Area: 4,466
  • Building Area: 4,466
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 4,466
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT NO. 1133
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 1133 BLK LOT 30

Ownership

  • Current Owner : NGUYEN NADINE
  • Previous Owner : ROBERT A CROSSLEY JR SEPARATE PROPERTY T
  • Owner Before Previous Owner: GRASSO LOUIS M
  • Owner Before Previous Owner 2: GRASSO JEAN M
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063400

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 31-C4
  • Subdivision Tract Number: 1133
  • Parcel: 049-122-20
  • Lot: 30
  • Latitude: 33.6221
  • Longitude: -117.921

    Address

  • Full Address: 259 Ocean View Ave
  • Address - House Number: 259
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C042
  • 4-Digit Zip Code: 4701
  • Zip Code: 92663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $38,224
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.0509
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 99
  • Final Value: 5,542,623
  • High Value: 5,824,895
  • Low Value: 5,260,351

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,125,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK, NA
  • First Open Lien Mortgage Recording Date: Mar 25, 2024
  • First Open Lien Mortgage Loan Amount: $1,125,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,609,990
  • Assessed Land Value: $2,365,888
  • Assessed Improvements Value: $1,244,102

    Sales

  • Current Sale Contract Date: Feb 26, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Transaction ID: 11923152859
  • Current Sale Price: $5,175,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 70931
  • Previous Sale Recording Date: Feb 27, 2018
  • Previous Sale Contract Date: Feb 05, 2018
  • Previous Sale Amount: $3,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK, NA
  • First Mortgage Transaction Date: Mar 25, 2024
  • First Mortgage Loan Amount: $1,125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
3,249 ft²
$2,307/ft²
$7,495,000 Nov 22, 2022
-
$211/mo
House
3 Beds
3.5 Baths
2,479 ft²
$2,822/ft²
$6,995,000 Mar 27, 2023
-
-
House
3 Beds
3.5 Baths
2,664 ft²
$2,738/ft²
$7,295,000 Feb 4, 2023
-
$1,300/mo
Multifamily
8 Beds
7 Baths
3,000 ft²
$1,967/ft²
$5,900,000 Apr 13, 2023
-
-
Commercial
Loft
-
3,000 ft²
$2,223/ft²
$6,668,888 May 12, 2022
-
-
Multifamily
6 Beds
4 Baths
2,800 ft²
$2,545/ft²
$7,125,000 Sep 13, 2021
-
-

About Newport Beach


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Frequently Asked Questions

When was property at 259 Ocean View Avenue built and last sold?
The property at 259 Ocean View Avenue was built in 2018 and last sold on Feb 26, 2024 for $5,175,000.
How much is this home worth?
The estimated value of the home located at 259 Ocean View Avenue is $6,608,339.
What are some comparable homes to 259 Ocean View Avenue?
There are currently no comparable homes to 259 Ocean View Avenue.

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