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5590 E The Toledo, Long Beach, California 90803, Long Beach, 90803 - 4 bed, 4 bath

5590 E The Toledo, Long Beach, California 90803 home-pic-0
ACTIVE$5,995,000$3,083/sqft
Est. Value: $5,393,440
-10%
AboveEstimate
5590 E The Toledo, Long Beach, California 90803
4Beds
4Baths
3,083Sqft
4,378Lot

Price Vs. Estimate

The estimated value ($5,393,439.52) is $601,560.48 (10%) lower than the list price ($5,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Naples Elementary School (10/10).
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

Compared to the nearby listings

Price:$6.00M vs avg $1.68M (+$4,312,750)98%
Size:3,083 sqft vs avg 2,018.5 sqft88%
Price/sqft:$1.9K vs avg $90099%

More Insights

Built in 1940 (86 years old).
Condition: Despite being built in 1940, this property has undergone extensive and recent high-end renovations, as evidenced by the chef's kitchen with Wolf and Sub-Zero appliances, quartz countertops, gorgeous wood flooring, and modern features like accordion glass doors and a spa/jacuzzi. The interior presents as virtually new, meeting current luxury standards with no deferred maintenance.
Year Built
1940
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
$1,945
HOA
-
Days on market
-
Sold On
-
MLS number
PW26004334
Home ConditionExcellent
Features
Excellent View: Canal
Deck
Spa
Patio
ViewCanal

About this home

Exceptional Cape Cod–style waterfront home on a rare oversized lot with over 50 feet of canal frontage and direct open-water access, ideal for large vessels. The thoughtfully designed interior features an open layout with a chef’s kitchen with quartz countertops, oversized Wolf range, Sub-Zero refrigerator, oversized island, and open dining area. Accordion glass doors seamlessly connect indoor and outdoor living, opening to a generous waterfront, stone laden patio complete with built-in firepit, BBQ, and outdoor refrigerator perfect for waterfront living and entertaining. Step inside to gorgeous wood flooring. Primary bedroom is on lower level with ensuite and walk in closet. French doors open to interior courtyard that features stone and brick hardscape, waterfall spa/jacuzzi and gorgeous stone wood burning fireplace! Second bedroom, full bath and laundry are also on lower level. The upstairs features a huge family room with built in cabinetry, a cozy fireplace and oversized balcony with panoramic views of the canal and distant mountain ranges. Additionally, two bedrooms, two baths(one ensuite) and a full laundry room. A rare opportunity to own a premier waterfront home combining classic Cape Cod charm, modern luxury, and exceptional boating access.

L
Laurel Lucas
Listing Agent

Nearby schools

10/10
Naples Elementary School
Public,•K-5•0.1mi
7/10
Rogers Middle School
Public,•6-8•0.9mi
6/10
Wilson High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
04/14/23
Sold
$4,500,000
Condition Rating
Excellent
Despite being built in 1940, this property has undergone extensive and recent high-end renovations, as evidenced by the chef's kitchen with Wolf and Sub-Zero appliances, quartz countertops, gorgeous wood flooring, and modern features like accordion glass doors and a spa/jacuzzi. The interior presents as virtually new, meeting current luxury standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Premier Waterfront Location & Boating Access: Situated on a rare oversized lot with over 50 feet of canal frontage and direct open-water access, this property is ideal for large vessels, offering unparalleled boating convenience.
Luxurious Chef's Kitchen: The thoughtfully designed chef’s kitchen boasts high-end amenities including quartz countertops, an oversized Wolf range, Sub-Zero refrigerator, and a large island, perfect for culinary enthusiasts.
Exceptional Indoor/Outdoor Living & Entertaining: Accordion glass doors seamlessly connect the interior to a generous waterfront patio with a built-in firepit, BBQ, and outdoor refrigerator, complemented by an interior courtyard featuring a waterfall spa/jacuzzi and stone fireplace.
Thoughtful Layout & High-End Finishes: Combining classic Cape Cod charm with modern luxury, the home features gorgeous wood flooring, a convenient primary bedroom on the lower level, an upstairs family room with panoramic canal and mountain views, and two laundry rooms.
Desirable Naples Subdivision & School District: Located in the prestigious Naples subdivision, the property benefits from a prime address and access to highly-rated schools, including a 10-rated elementary school.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4378, living area = 3083.
Age of Property (1940): While extensively updated, the core structure dates back to 1940, which may imply potential for older, unmentioned infrastructure (e.g., plumbing, electrical systems) that could require future attention.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant comfort concern and a potential upgrade cost for a luxury home in Southern California's climate.
Limited Information on Parking/Garage: The property details do not specify garage space or dedicated parking, which could be a practical consideration for a home of this caliber and in this desirable, often densely populated, waterfront area.
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