1010 Kings Road, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 6 bath

1010 Kings Road, Newport Beach, California 92663 home-pic-0
ACTIVE$13,495,000
1010 Kings Road, Newport Beach, California 92663
6Beds
6Baths
6,654Sqft
7,083Lot

Price Vs. Estimate

The estimated value ($10,690,850.49) is $2,804,149.51 (20%) lower than the list price ($13,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unrivaled Panoramic Views: The property boasts unobstructed panoramic views across the ocean, bay, beach, Fashion Island, and Newport Coast from multiple levels and rooms, enhancing its luxury appeal.
Top Cons:
Significant Overpricing: The current list price of $13.495M is substantially higher than the estimated value of $10.69M and a newer, highly amenitized comparable property that recently sold for $12.425M.

Compared to the nearby listings

Price:$13.49M vs avg $4.45M (+$9,045,000)97%
Size:6,654 sqft vs avg 2,456 sqft99%
Price/sqft:$2.0K vs avg $1.8K62%

More Insights

Built in 1997 (28 years old).
Condition: This property was fully renovated in 2022, making it virtually new in terms of condition and features. The description highlights a stunning architectural contemporary design, modern amenities, smart home integration (Crestron Automation), and luxurious spaces including a full kitchen, wet bar, and master retreats. All components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1997
Close
-
List price
$13.49M
Original List price
$13.49M
Price/Sqft
$2,028
HOA
-
Days on market
-
Sold On
-
MLS number
NP25041071
Home ConditionExcellent
Features
Excellent View: Bay, Catalina, City Lights, Coastline, Harbor, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Pier, Water
Pool
Spa
Patio
ViewBay,Catalina,City Lights,Coastline,Harbor,Hills,Mountain(s),Neighborhood,Ocean,Panoramic,Pier,Water

About this home

Nestled in the exclusive enclave of Kings Road in Newport Heights, Newport Beach, this stunning architectural contemporary home is a true masterpiece. Fully renovated in 2022, it boasts unobstructed panoramic views that stretch across the ocean, bay, beach, Fashion Island, and Newport Coast. With two levels of breathtaking vistas and a 180-degree view-oriented frontage, this home offers the ultimate in coastal living. The expansive backyard enhances this incredible property, providing a spacious, private outdoor retreat. Perfect for both casual and grand entertaining, it features a saltwater pool and spa, a built-in BBQ, a cozy living and dining area with a fireplace, and ample space to relax while taking in the stunning surroundings. The home's open floor plan seamlessly blends indoor and outdoor living, with a moving wall of glass that connects the interior to the exterior for an unparalleled entertaining experience. The upper level offers a luxurious master retreat and additional bedrooms, each with views that invite relaxation. Meanwhile, the second level showcases a full kitchen, a wet bar, a 360-bottle wine cooler, and a second master retreat with its own private patio and commanding panoramic views. The lower level adds convenience with a bedroom ensuite, laundry room, and a 4-car garage. Smart home features, including the Crestron Automation system, ensure that every aspect of this home, from lighting and temperature to entertainment, can be controlled with ease. Just a short walk from dining and shopping, and only minutes to the beach, Balboa Bay Club, and Fashion Island, this home offers the best of coastal living with all the modern amenities you could desire. The breathtaking views and serene backyard make this property an idyllic retreat in the heart of Newport Beach.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.8mi
7/10
Horace Ensign Intermediate School
Public,7-80.2mi
7/10
Newport Harbor High School
Public,9-120.5mi
Condition Rating
Excellent

This property was fully renovated in 2022, making it virtually new in terms of condition and features. The description highlights a stunning architectural contemporary design, modern amenities, smart home integration (Crestron Automation), and luxurious spaces including a full kitchen, wet bar, and master retreats. All components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Unrivaled Panoramic Views: The property boasts unobstructed panoramic views across the ocean, bay, beach, Fashion Island, and Newport Coast from multiple levels and rooms, enhancing its luxury appeal.
Recent High-End Renovation: Fully renovated in 2022, the home features a stunning architectural contemporary design, open floor plan, moving wall of glass, and integrated Crestron Smart Home Automation system.
Exceptional Outdoor Entertainment: An expansive private backyard offers a saltwater pool and spa, built-in BBQ, and a cozy living/dining area with a fireplace, perfect for sophisticated entertaining.
Prime Coastal Location: Located in the exclusive Kings Road enclave of Newport Heights, it offers walkability to dining and shopping, and is minutes away from the beach, Balboa Bay Club, and Fashion Island.
Versatile Multi-Level Living: The home includes a second full kitchen, wet bar, 360-bottle wine cooler, and dual master retreats, providing extensive amenities and flexible living arrangements.

Cons

Significant Overpricing: The current list price of $13.495M is substantially higher than the estimated value of $10.69M and a newer, highly amenitized comparable property that recently sold for $12.425M.
High Lot Coverage: With 6,654 sqft of living space on a 7,083 sqft lot, the property has a high building-to-lot ratio, which may limit extensive open green space despite the 'expansive backyard' description.
Original Construction Age: Despite a comprehensive 2022 renovation, the home's original build year of 1997 might be a consideration for buyers prioritizing entirely new construction, especially at this price point.

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