
Newport Coast, California 92657
This Newly Transformed Coastal Compound is a Strong Value Opportunity, listed at $39,998,000—positioned well below the $42,970,228 Fair Market Value by 6%. This valuation gap offers $2,972,228 in Instant Equity for the discerning buyer. Boasting a Pristine Condition Rating, the estate features a comprehensive wellness wing, panoramic ocean views, and a chef’s kitchen. Located in the elite Pelican Crest enclave near Top-Rated Schools like Corona Del Mar High, it perfectly balances lifestyle luxury with financial upside. This is an exceptional acquisition for Ultra-High-Net-Worth Families or Luxury Real Estate Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Shoreridge Subject | $39,998,000* List Price | 6 | 8 | 11,200 | $3,837 | - |
A 1 Clear Water Active | $46,500,000 List Price | 6 | 10 | 12,347 | $3,766 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This trophy estate has been recently and extensively redeveloped, featuring ultra-high-end finishes and modern luxury standards. The property includes a chef's kitchen with professional Wolf and Sub-Zero appliances, spa-inspired bathrooms with book-matched stone and heated floors, and advanced home automation throughout. With its recent transformation into a holistic wellness-focused compound, all components are virtually new, meeting the highest quality standards with no deferred maintenance.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a rare 0.75-acre lot within the guarded gates of Pelican Crest, this estate offers unparalleled privacy and prestige in one of Southern California’s most exclusive enclaves.
The property features a world-class wellness center including an infrared sauna, PRX training systems, and dedicated yoga spaces, catering to the highest standards of modern luxury living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11200, other record living area = 10618.
With a list price near $40 million following a $34 million sale in 2023, the significant year-over-year appreciation may limit the pool of qualified buyers and complicate valuation.
The scale of the 11,200-square-foot residence and its complex automation, multiple pools, and extensive stone finishes necessitate high ongoing operational and maintenance costs.
Among the finest trophy estates to be publicly offered along the California coastline, this exceptional ocean view residence is situated behind the guarded gates of Pelican Crest in Newport Coast, positioned on a rare ~¾-acre parcel within one of Southern California’s most prestigious enclaves. Recently and extensively redeveloped with holistic wellness and modern luxury in mind, the estate spans approximately 11,200 square feet and showcases refined contemporary design, advanced home automation, and seamless indoor-outdoor living throughout. The residence offers six en suite bedrooms and eight bathrooms, complemented by expansive entertaining spaces designed to capture panoramic ocean and sunset views. Set back from the street behind private iron gates, the property features a long drive leading to a concealed multi car garage, creating an exceptional sense of privacy and arrival. A dramatic foyer introduces the home, where walls of glass frame breathtaking coastal vistas. Expansive custom windows and sliding doors integrate the interior with resort inspired outdoor living spaces, including multiple pools and tranquil water features.The chef’s kitchen is appointed with professional Wolf and Sub Zero appliances and a dedicated butler’s prep area. An elegant bar and lounge clad in backlit onyx leads to an expansive recreation wing featuring a full home theater and a professional Full Swing simulator. Wellness amenities include a dedicated indoor outdoor gym equipped with PRX Performance training systems, Tonal, an infrared sauna, and tranquil spaces designed for Pilates and yoga.Crowning the residence is a spectacular executive office with sweeping ocean views. The primary suite functions as a private retreat, offering a generous sitting area, retractable ceiling mounted television, and a secluded terrace with private spa overlooking the coastline. The spa inspired primary bath features floor to ceiling book matched stone, heated floors, and a shower framed by ocean vistas. A couture inspired walk in closet, influenced by Yves Saint Laurent, completes the suite. A rare offering within Pelican Crest, this estate represents an exceptional opportunity to acquire a newly transformed coastal compound of remarkable scale, privacy, and design.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 2.0 mi
Grades K-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 84% |
| Baths | 8.0 | 5.0 | 84% |
| Square foot | 11,200 | 4,000 | 86% |
| Lot Size | 34,372 | 10,180 | 95% |
| Price | $40.00M | $9.10M | 98% |
| Price per sq ft | $3.6K | $1.9K | 98% |
| Built year | 2010 | 2001 | 86% |
| HOA | $500.0 | $588 | 33% |
| Days on market | 42 | 194 | 5% |
Mar 11, 2026
$39,998,000
Initial Listing
Apr 13, 2023
$34,000,000
Public Record
Feb 17, 2021
$14,710,000
Public Record
Jun 27, 2016
$4,116,000
Public Record