121 41st Street, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 5 bath

121 41st Street
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 121 41st Street, Newport Beach, California 92663 reveals a Prime Investment Opportunity with a current list price of $8,100,000—significantly undercutting the $8,509,036 Fair Market Value by 4%. This valuation gap indicates a +$409,036 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 41st Street Subject | $8,100,000* List Price | 4 | 5 | 3,060 | $2,781 | - |
A 3304 Marcus Sold | $6,100,000 | 4 | 4 | 2,767 | $2,205 | 0.4 mi |
B 613 36th Active | $5,795,000 List Price | 4 | 3 | 2,776 | $2,088 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2017, this luxury coastal home is within the 10-year window for an excellent rating and features premium upgrades. The property includes high-end Wolf and Sub-Zero appliances, Calacatta Borghini marble countertops, oak flooring, and modern systems such as a three-level elevator and a Tesla charger, all maintained in move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location & Views
Situated just steps from the sand, this residence offers rare panoramic rooftop views of the Pacific Ocean, Catalina Island, and city lights, providing an elite coastal lifestyle in a coveted Newport Beach neighborhood.
- High-End Modern Amenities
The home features a three-level elevator, a gourmet chef's kitchen with Wolf and Sub-Zero appliances, and a rare three-car parking capacity including a Tesla charger, which is a significant premium for this beach-close location.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- 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 = 2550, living area = 3060.
- Compact Lot Size
With a lot size of only 2,550 square feet, the property lacks a traditional backyard or significant ground-level green space, relying entirely on rooftop decks for outdoor recreation.
About 121 41st Street
Just steps from the sand in one of Newport Beach’s most coveted locations, this impeccably upgraded coastal residence offers refined design, panoramic rooftop views, and effortless seaside living across three thoughtfully designed levels connected by an elevator. This home features 3 ensuite bedrooms plus a versatile office/optional fourth bedroom and 5 bathrooms, complemented by soaring 9-foot ceilings, rich oak flooring, and custom finish carpentry. Expansive sliding doors fill the home with natural light and create seamless indoor–outdoor flow, ideal for relaxed daily living or sophisticated entertaining. Two marble-clad fireplaces anchor the living spaces, adding warmth and architectural elegance. The entertainer’s kitchen is both functional and striking, featuring Sub-Zero refrigeration, a 48” Wolf range, double oven with steamer, built-in Wolf espresso machine, integrated wine refrigerator, custom cabinetry, and natural honed stone and Calacatta Borghini marble countertops with a statement mosaic marble backsplash. The upper level serves as a true indoor–outdoor retreat, opening to dual rooftop decks with sweeping views of the Pacific Ocean, Catalina Island, city lights, Fashion Island, and Saddleback Mountain. A covered entertaining area with built-in buffet, sink, and enclosed wine refrigerator, plus a private spa, provides an ideal setting for sunset relaxation or comfortably entertaining a large party in luxury. Additionally, the third level includes a bonus/flex room, perfect for a media room, gym, game room, or private lounge, offering extra versatility separate from the main living and bedroom spaces. Outdoor living continues with a welcoming front patio, custom fountain, and covered beach shower. Interior highlights include plantation shutters, custom window coverings, a thoughtfully designed office with built-ins and concealed storage, and a beautifully appointed custom closet in the primary suite. Additional features include surround sound, a security system with video surveillance, fire sprinklers, premium systems throughout, a two-car garage with custom cabinetry, epoxy flooring, and a Tesla charger, plus a rare additional carport space — a highly sought-after amenity in this beach-close location. Impeccably maintained and move-in ready, 121 41st Street blends luxury, comfort, and coastal lifestyle — ideal as a full-time residence or elevated beach retreat.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2017
- Lot Size
- 2,550 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.2 mi
Newport Elementary School
Grades PK-6 • 1.4 mi
Horace Ensign Intermediate School
Grades 7-8 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 4.0 | 69% |
| Square foot | 3,060 | 2,609.5 | 65% |
| Lot Size | 2,550 | 4,425.5 | 20% |
| Price | $8.10M | $4.47M | 87% |
| Price per sq ft | $2.6K | $1.8K | 85% |
| Built year | 2017 | 1963 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 219 | 4% |
Pricing History
Listed for Sale
Feb 26, 2026
$8,100,000
Initial Listing
Sold
Jun 13, 2018
$3,430,000
Public Record
Sold
Apr 11, 2016
$2,350,000
Public Record





































