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3428 Ocean Boulevard
Corona Del Mar, CA 92625
Tim Smith with Coldwell Banker Realty, original listing - (949) 644-1600
$18,995,000
Conventional
Property
Bedroom
4
Bathroom
Full: 1, ½: 2, ¾: 3
Property Type
Conventional
Square ft
5325 Square Feet
Property Description
Commanding attention from its prominent corner homesite, this custom Tuscan-inspired estate reflects the talents of Oatman Architects, Ziccardi Designs, and Corbin Reeves Construction, and is among the finest on Corona del Mar’s prestigious Ocean Boulevard. Unobstructed ocean, Catalina Island, sunset and Newport Harbor channel views stretch 180º from the elevated entry terrace clad in stone and featuring ample room for outdoor dining and an open-air fireplace. Breathtaking views continue indoors beyond a 10' tall mahogany entry door while oversized Riviera bronze windows and doors welcome natural light into a fireplace-warmed living room. On the opposite side of the foyer, a magazine-worthy kitchen boasts leathered marble countertops, a stunning brick-finished triple-barrel ceiling, custom cutting board, butler’s pantry, and breakfast room with terrace access and pizza oven. Appliances are top-tier and include a Le Cornue range and integrated Sub-Zero refrigerator. Down the center hall, two temperature-controlled wine displays flank a fireplace in the family room, which opens to a private courtyard with custom fountain. A mud room with outdoor access and full beach bath, and an attached three-car garage are also featured on the first level. A three-stop elevator, which can be accessed in the garage for true no-step living, and a magnificent travertine spiral staircase provide access to the second level which is home to all four bedrooms (one currently used as an office), an ocean-view sitting room, and a bonus/ craft room with wet bar and Murphy bed. Ocean views are on full display in the luxurious primary suite, where a custom repurposed floor inlay, fireplace, sitting area, two-door entry, and two walk-in closets can be enjoyed. Crowned by an enormous skylight, the primary bath showcases a stunning, custom-commissioned hand-carved solid marble tub that was lowered by crane through the skylight during construction. Every detail of the approximate 5,325 square foot home is exquisite, including custom millwork, dramatic stone-finished archways, French oak flooring, Crestron home automation, Lutron lighting, beamed and groin-vaulted ceilings, and custom window treatments. Moments from John Wayne International Airport, premium dining, shopping, and recreation, 3428 Ocean Boulevard offers inspired daily living that few are fortunate to experience.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2014
MLS Number
--
Location
Address
3428 Ocean Boulevard
City
Corona del Mar
State
CA
Zip Code
92625
County
ORANGE (SOUTH)
Listing
Name
Phone
(949) 478-2295
Office Name
Office Phone
(949) 644-1600
Agent Name
Tim Smith
Agency Phone
(949) 644-1600

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.