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59 Rivo Alto Canal, Long Beach, California 90803, Long Beach, 90803 - 5 bed, 5 bath

59 Rivo Alto Canal, Long Beach, California 90803 home-pic-0
ACTIVE$5,500,000
59 Rivo Alto Canal, Long Beach, California 90803
5Beds
5Baths
3,420Sqft
2,709Lot

Price Vs. Estimate

The estimated value ($5,500,000) is $0 (0%) lower than the list price ($5,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Naples Elementary School (10/10).
Top Cons:
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 = 2709, living area = 3420.

Compared to the nearby listings

Price:$5.50M vs avg $1.62M (+$3,875,000)97%
Size:3,420 sqft vs avg 1,888 sqft95%
Price/sqft:$1.6K vs avg $89798%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, the property has undergone an extensive, high-end renovation, as evidenced by the description and images. The listing explicitly mentions a '$300,000 Gourmet Kitchen' with 'Finest of Materials, Custom Cabinetry, Brazilian Blue Granite and Carrera Marble counters,' which is clearly visible in the images with professional-grade appliances and a modern, luxurious design. Bathrooms also appear recently updated with contemporary fixtures and finishes. The entire home features custom wood flooring, crown moldings, wainscoting, crystal chandeliers, smart home wiring, and dual A/C units, indicating that all major components and finishes are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1952
Close
-
List price
$5.5M
Original List price
$5.75M
Price/Sqft
$1,608
HOA
-
Days on market
-
Sold On
-
MLS number
PW25115801
Home ConditionExcellent
Features
Excellent View: Bridge(s), Canal, Mountain(s), Neighborhood, Panoramic, Water
Patio
ViewBridge(s), Canal, Mountain(s), Neighborhood, Panoramic, Water

About this home

This Custom Built French Provincial Home is truly One Of A Kind for Rivo Alto Canal.5 bedrooms,5 Bathrooms, 3600 Sq Ft Of Living Space,2710 Sq. Ft. Oversized Premier Corner Lot, With Three Car Garage Parking and plenty of Street Parking.Amazing Panoramic Views from Bridge to Bridge as well as a Roof Top Deck view that is 360 degrees. This Homes Spared no Expense, nothing but the Best of the Best Materials, Craftsmanship and Quality. Dramatic and Elegant Formal Entry, Formal Living Room with Wood Burning Fireplace, Built in Cabinetry,Entertainment area, Formal Dining at Waters edge. Custom Elevator, His and Hers Offices,The Home is Wired as a Smart House for anything electronic,Dual A/C units,$300,000 Gourmet Kitchen with the Finest of Materials, Custom Cabinetry, Brazilian Blue (Bahia Blue)Granite and Carerra Marble counters. Other features include: Three Car Garage, Custom Closets in All Rooms,Upstairs Laundry,Custom Wood Flooring all levels, Crown Moldings, Wainscoting,Crystal Chandeliers, Waterfront Stone Patio with Wall to Wall Glass Doors that Open Side to Side for the Ultimate Indoor/Outdoor Entertaining.Also include a Private 30 Foot Dock for all Watercraft.This is One of a Kind Custom Home. Enjoy the Indoor/Outdoor Lifestyle of Naples Island.

Nearby schools

10/10
Naples Elementary School
Public,•K-5•0.2mi
7/10
Rogers Middle School
Public,•6-8•0.8mi
6/10
Wilson High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
01/06/99
Sold
$873,000
06/30/14
Sold
$3,185,000
07/27/12
Sold
$3,200,000
05/28/04
Sold
$1,725,000
03/12/02
Sold
$1,212,000
Condition Rating
Excellent
Despite being built in 1952, the property has undergone an extensive, high-end renovation, as evidenced by the description and images. The listing explicitly mentions a '$300,000 Gourmet Kitchen' with 'Finest of Materials, Custom Cabinetry, Brazilian Blue Granite and Carrera Marble counters,' which is clearly visible in the images with professional-grade appliances and a modern, luxurious design. Bathrooms also appear recently updated with contemporary fixtures and finishes. The entire home features custom wood flooring, crown moldings, wainscoting, crystal chandeliers, smart home wiring, and dual A/C units, indicating that all major components and finishes are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Unrivaled Waterfront Location & Views: Direct Rivo Alto Canal frontage with a private 30-foot dock, complemented by breathtaking panoramic bridge-to-bridge and 360-degree rooftop deck views.
Exceptional Custom Craftsmanship & Luxury Finishes: A one-of-a-kind French Provincial custom build featuring premium materials, custom wood flooring, crown moldings, wainscoting, and crystal chandeliers throughout.
State-of-the-Art Gourmet Kitchen: A $300,000 chef's kitchen equipped with the finest materials, custom cabinetry, Brazilian Blue Granite, and Carrera Marble counters.
Extensive High-End Amenities: Includes a custom elevator, dual A/C units, smart home wiring, dedicated His & Hers offices, and a three-car garage, enhancing comfort and convenience.
Seamless Indoor/Outdoor Entertaining: Designed for the Naples Island lifestyle with a waterfront stone patio featuring wall-to-wall glass doors that open completely, ideal for large-scale entertaining.

Cons

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 = 2709, living area = 3420.
Premium Price Point: The current list price of $5.5 million positions this property in a highly exclusive luxury segment, naturally narrowing the pool of prospective buyers.
Property Age: Built in 1952, despite extensive renovations, the underlying structure and systems may require ongoing maintenance considerations typical of a property of this vintage.
Recent Price Reduction: The property has seen a price reduction from its original listing of $5.75 million, which could suggest initial overpricing or extended market time, potentially impacting buyer perception.

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