2420 23rd St Newport Beach, CA 92660
Eastside Costa Mesa NeighborhoodHighlights
- Fishing
- Primary Bedroom Suite
- 0.68 Acre Lot
- Heinz Kaiser Elementary School Rated A
- Lake View
- Open Floorplan
About This Home
As of January 2025One of only 19 lake front homes in the exclusive Newport Beach neighborhood of Cherry Lake, discover this charming home on a 30,000 SF lot, the largest in the enclave. The Cherry Lake community is one of the most unique and highly sought after areas in the Newport Beach/Back Bay region. This home is positioned on an incredible lot offering unlimited potential for expansion and growth. Lush landscape, mature trees, tropical plants and flowers give the property a tranquil energy. The spring-fed lake is a rare gem, offering swimming, paddle-boarding and a beautiful view. This home is minutes from the ocean, 500 feet to the Back Bay, yet feels as though you’ve escaped to a private paradise resort. This quaint home boasts almost 2000 SF of interior living space and an open concept floor plan. There is an outdoor workspace, newer AC (3 separate zones) and solar. Discover why Cherry Lake is dubbed at the “Hidden Gem” of Newport Beach.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $32,290
Year Built
- Built in 1954
Lot Details
- 0.68 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned R1
HOA Fees
- $192 Monthly HOA Fees
Parking
- 2 Car Garage
Interior Spaces
- 1,877 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Bar
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Attached Deck
- Dining Room
- Game Room
- Wood Flooring
- Lake Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom Suite
- Maid or Guest Quarters
- 2 Full Bathrooms
Outdoor Features
- Open Patio
- Exterior Lighting
- Rain Gutters
- Front Porch
Utilities
- Zoned Heating and Cooling
- Cable TV Available
Listing and Financial Details
- Tax Lot 104
- Tax Tract Number 300
- Assessor Parcel Number 11932108
- $451 per year additional tax assessments
Community Details
Overview
- Lake Park Homeowners Assn Association, Phone Number (949) 429-5831
- Cherry Lake Area Subdivision
- Community Lake
Recreation
- Fishing
- Water Sports
- Hiking Trails
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $9,450,000 | -0.5% | $1,945 / Sq Ft |
| 12/14/2024 12/14/24 | For Sale | $9,495,000 | +251.7% | $1,955 / Sq Ft |
| 12/11/2024 12/11/24 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | Sold | $2,700,000 | -6.9% | $1,438 / Sq Ft |
| 01/17/2022 01/17/22 | Pending | -- | -- | -- |
| 01/13/2022 01/13/22 | Price Changed | $2,899,000 | -17.1% | $1,544 / Sq Ft |
| 10/13/2021 10/13/21 | For Sale | $3,499,000 | -- | $1,864 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $32,290 | $3,002,035 | $2,674,770 | $327,265 |
| 2023 | $29,411 | $2,754,000 | $2,622,324 | $131,676 |
| 2022 | $7,385 | $656,864 | $549,384 | $107,480 |
| 2021 | $7,231 | $643,985 | $538,612 | $105,373 |
| 2020 | $7,162 | $637,382 | $533,089 | $104,293 |
| 2019 | $7,021 | $624,885 | $522,636 | $102,249 |
| 2018 | $6,885 | $612,633 | $512,388 | $100,245 |
| 2017 | $6,766 | $600,621 | $502,341 | $98,280 |
| 2016 | $6,617 | $588,845 | $492,492 | $96,353 |
| 2015 | $6,552 | $580,000 | $485,094 | $94,906 |
| 2014 | $6,398 | $568,639 | $475,592 | $93,047 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,001,000 | Construction | |
| Previous Owner | $2,683,736 | Construction | |
| Previous Owner | $550,333 | New Conventional | |
| Previous Owner | $550,333 | Commercial | |
| Previous Owner | $1,200,000 | New Conventional | |
| Previous Owner | $1,070,000 | New Conventional | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $330,000 | Unknown | |
| Previous Owner | $712,500 | New Conventional | |
| Previous Owner | $716,200 | New Conventional | |
| Previous Owner | $713,750 | New Conventional | |
| Previous Owner | $199,000 | Credit Line Revolving | |
| Previous Owner | $700,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $332,000 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,700,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $415,000 | South Coast Title Company |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21227042
APN: 119-321-08
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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