
Newport Coast, California 92657
This estate represents a High-Potential Investment Opportunity, listed at $27,800,000—positioned well above the $23,668,642 Fair Market Value by -17%. While the property features a Fair Condition Rating due to its early-2000s aesthetic, it offers massive scale, panoramic ocean views, and a resort-style pool and spa. Located in the prestigious Pelican Hill enclave with access to top-rated schools like El Morro Elementary, this property is an ideal acquisition for Luxury Homeowners or High-Net-Worth Investors seeking a premier coastal canvas for modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Rim Ridge Subject 5 bd · 7 ba · 9,845 sqft · $2,404 | $27,800,000* List Price | 5 | 7 | 9,845 | $2,404 | - |
A 50 Pelican Crest Sold 6 bd · 8 ba · 8,900 sqft · $2,247 · 0.8 mi | $20,000,000 | 6 | 8 | 8,900 | $2,247 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is 26 years old, placing it in the 'Fair' category based on age (>20y). While the estate is meticulously maintained and functional, the interior finishes—including the heavy wood-paneled office, coffered ceilings, and kitchen cabinetry—reflect a dated early-2000s luxury aesthetic that has not undergone a recent modern renovation.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).
The property occupies a prime front-row position in Pelican Hill, offering unobstructed, captivating views of the Pacific Ocean, Catalina Island, and Newport Harbor from nearly every major living space.
Spanning nearly 10,000 square feet across only two levels with no subterranean basement, the home provides a highly functional and accessible layout that is rare for estates of this massive scale.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 9845, other record living area = 9406. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Built in 2000, the residence may require significant cosmetic updates or system modernizations to compete with the ultra-contemporary finishes expected by buyers at the $27.8M price point.
With 138 days on the market, the property is seeing a slower absorption rate, which may suggest that the current list price is testing the upper limits of the market for a non-new construction home.
Perfectly situated at the end of a quiet cul-de-sac within the prestigious guard-gated enclave of Pelican Hill, this remarkable Newport Coast estate offers rare privacy, commanding scale, and some of the most captivating views in Southern California. Positioned on over half an acre, the residence captures panoramic ocean, Catalina, Newport Harbor, Buck Gully, and city light views from an exceptional front-row setting. Spanning over 9,800 square feet of living space across just two levels — with no subterranean level — the home offers a highly desirable and functional floor plan. The main level features a dramatic two-story foyer, expansive formal and informal living areas, a finely appointed kitchen, wine cellar, billiards room, wet bar, laundry, and two bedroom suites. Oversized sliding doors create a seamless indoor-outdoor connection to the resort-style grounds, where covered loggias, lounge areas, gardens, barbecue area, pool, and spa all frame the extraordinary coastal backdrop. The second level includes three additional bedroom suites, including a grand primary retreat with spa-like bath, generous wardrobe space, gym, theater, and private terraces. All three upstairs bedrooms face the incredible ocean views, creating a rare and memorable living experience. There is also an opportunity to add a fourth upstairs bedroom, offering additional flexibility for future needs. With over half an acre of private grounds, panoramic views from Catalina to Palos Verdes, and a coveted Pelican Hill location just moments from world-class beaches, golf, dining, and shopping, this estate represents one of Newport Coast’s most exceptional coastal offerings.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.7 mi
Grades K-5 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.5 |
| Baths | 7.0 | 5.6 |
| Square foot | 9,845 | 5,039.615 |
| Lot Size | 24,000 | 12,368.808 |
| Price | $27.80M | $8.36M |
| Price per sq ft | $2.8K | $1.8K |
| Built year | 2000 | 2001 |
| HOA | $1094.0 | $653 |
| Days on market | 143 | 83 |
Jun 4, 2026
$27,800,000
Initial Listing