15 The Colonnade, Long Beach, California 90803, Long Beach, 90803 - 5 bed, 5 bath

15 The Colonnade, Long Beach, California 90803 home-pic-0
ACTIVE$10,995,000
15 The Colonnade, Long Beach, California 90803
5Beds
5Baths
6,182Sqft
12,143Lot

Price Vs. Estimate

The estimated value ($9,467,955.92) is $1,527,044.08 (13%) lower than the list price ($10,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unparalleled Waterfront Location & Views: Situated at a prime intersection of canals with panoramic views of Alamitos Bay and The Peninsula, offering exceptional scenic beauty and direct water access.
Top Cons:
Dated Interior Aesthetics: While refurbished, the 1948 Mid-Century Modern design with features like wood panel walls and marble fireplaces may require further significant modernization to align with current luxury buyer preferences.

Compared to the nearby listings

Price:$10.99M vs avg $1.62M (+$9,370,000)99%
Size:6,182 sqft vs avg 1,888 sqft99%
Price/sqft:$1.8K vs avg $89799%

More Insights

Built in 1948 (77 years old).
Condition: Built in 1948, this classic Mid-Century Modern home has undergone recent exterior refurbishing (new paint, roof, resurfaced deck). However, the interior, particularly the kitchen and bathrooms, exhibits dated styles with older cabinetry, countertops, and tile work that appear to be from renovations 15-30 years ago, or well-preserved original features. While the property is well-maintained and functional, it shows clear signs of being outdated, and the listing itself suggests the potential for a 'Full Remodel,' indicating it requires significant aesthetic updates to meet current luxury standards.
Year Built
1948
Close
-
List price
$10.99M
Original List price
$12M
Price/Sqft
$1,779
HOA
-
Days on market
-
Sold On
-
MLS number
PW25043297
Home ConditionFair
Features
Excellent View: Bay, Back Bay, Bridge(s), Canal, Courtyard, Park/Greenbelt, Marina, Neighborhood, Pool, Trees/Woods, Water
Deck
Pool
Patio
ViewBay,Back Bay,Bridge(s),Canal,Courtyard,Park/Greenbelt,Marina,Neighborhood,Pool,Trees/Woods,Water

About this home

One of California's most Distinctive Waterfront Homes. This Classic Mid Century Modern Home is one of Naples Island's Landmark Homes, located in the Heart of Naples Island and a very Prestigious Location. This Masterpiece was Designed by Famed Architect, Mr. George M. Montierth, known for his Mid Century Style with Island Features. This Waterfront Compound is situated on Naples Canal and The Colonnade Park, overlooking the intersection of Naples Canal, Rivo Alto Canal and The Colonnade Canal, while enjoying the Panoramic views of Alamitos Bay and The Peninsula. This is a Prime Opportunity to Own a Most Unique Property on Naples Island. There is a Private Personal Marina with 135 Feet of Open Water Dock Frontage, with a U-shaped Slip that is 39 Feet with a 13 Foot Beam opening. This Oversized Marina can accommodate multiple boats or other watercrafts. This is Truly a Yachtsman's Paradise. This 6182 Square Foot Home is complete with a Private Swimming Pool in the Courtyard, Special Features include: Grand Formal Entry with 20-Foot-High Ceilings, Sweeping Staircase, Beautiful Wood Panel Walls in the Formal Living Room with 10 Foot Ceilings, an Oversized Marble Fireplace and Walls of Windows facing the Waterfront. There is a Full walk in Wet Bar, Beautiful Formal Dining Room, all Overlooking the Courtyard and Private Pool. Two Very Spacious Master Suites Upstairs, One with a Marble Fireplace, Both with Walk-in Closets, Vanity and Make-up Rooms, Master Baths include Custom Wood Build-in Closets, Glass Tile. There is a Guest House with its own Bath and Shower. There is also a full Workshop located next to the Guest House. The Driveway and Motor Court can accommodate multiple Cars, as well. This property is also situated on the Phase Two Seawall Project, therefore, has a brand-New Seawall. This Amazing Home has recently undergone an extensive refurbishing, including New Paint, a New Roof, and a Resurfaced Upper Level View Deck, off of the Master Bedroom. This Special property actually is Five Legal Lots or Three Waterfront Lots, the Length of the Lot on the Water frontage is 112 Feet and the Depth of the Front of the Home is 146 feet of Frontage on The Colonnade Park. Develop this Property, Rebuild your Dream Home or simply Enjoy this True Classic. There are three sets of Plans which include, an ADU, Full Remodel, and Landscaping. This Property is One of the Best Available with Excellent Potential for All. Enjoy the Indoor/Outdoor Lifestyle of Naples Island.

Nearby schools

7/10
Mann Elementary School
Public,K-50.6mi
7/10
Jefferson Leadership Academies School
Public,6-81.2mi
6/10
Wilson High School
Public,9-121.4mi

Price History

Date
Event
Price
07/22/96
Sold
$145,500
09/18/24
Sold
$775,000
04/04/17
Sold
$585,000
Condition Rating
Fair

Built in 1948, this classic Mid-Century Modern home has undergone recent exterior refurbishing (new paint, roof, resurfaced deck). However, the interior, particularly the kitchen and bathrooms, exhibits dated styles with older cabinetry, countertops, and tile work that appear to be from renovations 15-30 years ago, or well-preserved original features. While the property is well-maintained and functional, it shows clear signs of being outdated, and the listing itself suggests the potential for a 'Full Remodel,' indicating it requires significant aesthetic updates to meet current luxury standards.
Pros & Cons

Pros

Unparalleled Waterfront Location & Views: Situated at a prime intersection of canals with panoramic views of Alamitos Bay and The Peninsula, offering exceptional scenic beauty and direct water access.
Extensive Private Marina: Features 135 feet of open water dock frontage with an oversized U-shaped slip, accommodating multiple large watercraft, making it a true yachtsman's paradise.
Significant Development Potential: Comprised of five legal lots (or three waterfront lots) with existing plans for an ADU, full remodel, and landscaping, offering immense flexibility for future expansion or a custom rebuild.
Architecturally Significant Mid-Century Modern Design: A landmark home designed by famed architect George M. Montierth, boasting grand features like 20-foot ceilings, a sweeping staircase, and a spacious 6182 sqft layout.
Recent Major Capital Improvements: Benefits from a brand-new seawall and extensive recent refurbishing, including new paint, a new roof, and a resurfaced upper-level view deck, reducing immediate capital expenditures for a buyer.

Cons

Dated Interior Aesthetics: While refurbished, the 1948 Mid-Century Modern design with features like wood panel walls and marble fireplaces may require further significant modernization to align with current luxury buyer preferences.
High Ongoing Maintenance & Operating Costs: The sheer size of the property (6182 sqft home, large lot, private marina, pool) implies substantial ongoing expenses for maintenance, utilities, and insurance, which could be a consideration for buyers.
Niche Appeal of Architectural Style: The distinct Mid-Century Modern style, while historically significant, caters to a specific taste, potentially limiting the pool of high-end buyers who might prefer a more contemporary or traditional aesthetic.

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