
Newport Coast, California 92657
This Pelican Hill Estate represents a High-Potential Investment Opportunity, listed at $27,800,000—positioned above the $26,880,143 Fair Market Value by 3%. While priced at a premium, the property offers Panoramic Ocean Views, a Resort-Style Pool and Spa, and a massive 9,845 sqft floor plan. With a Fair Condition Rating due to dated interiors, there is significant upside for a buyer to modernize this asset. Located in the Newport Mesa Unified district with Top-Rated Schools, this is an ideal acquisition for Luxury Homeowners or Discerning Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Rim Ridge Subject | $27,800,000* List Price | 5 | 7 | 9,845 | $2,766 | - |
A 50 Pelican Crest Sold | $20,000,000 | 6 | 8 | 8,900 | $2,247 | 0.8 mi |
B 36 Pelican Crest Drive Sold | $30,000,000 | 6 | 9 | 13,206 | $2,272 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is 25 years old, placing it in the 'Fair' category (>20y). While the estate is grand and meticulously maintained, the interior finishes—including the heavy wood-paneled library, ornate coffered ceilings, and traditional kitchen cabinetry—are stylistically dated to its original construction era and would require cosmetic updates to meet modern luxury standards.
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 estate occupies a coveted front-row position in Pelican Hill, offering unobstructed panoramic views of the Pacific Ocean, Catalina Island, and Newport Harbor from nearly every primary living space.
Spanning nearly 10,000 square feet across only two levels with no subterranean living, the home provides a rare and highly functional floor plan that maximizes natural light and indoor-outdoor flow.
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 1999, the estate may require significant aesthetic updates or renovations to align with the ultra-modern design preferences of today's luxury buyers at this price point.
The property commands substantial ongoing expenses, including a $1,094 monthly HOA fee and significant property taxes associated with the $27.8 million valuation.
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 | 5.0 |
| Baths | 7.0 | 7.0 |
| Square foot | 9,845 | 7,800 |
| Lot Size | 24,000 | 15,753 |
| Price | $27.80M | $8.98M |
| Price per sq ft | $2.8K | $1.7K |
| Built year | 1999 | 2001 |
| HOA | $1094.0 | $595 |
| Days on market | 48 | 101 |
Jun 4, 2026
$27,800,000
Initial Listing