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

121 41st Street, Newport Beach, California 92663 home-pic-0

121 41st Street

Newport Beach, California 92663

ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
3,060Sq Ft
2,550Lot Size

Property Price

LIST PRICE$8,100,000
EST. MARKET VALUE
$8,509,036
4% BelowMARKET VALUE

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

$8,509,036 +$409,036 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
121 41st Street
Subject
$8,100,000*
List Price
453,060$2,781-
A
3304 Marcus
Sold
$6,100,000442,767$2,2050.4 mi
B
613 36th
Active
$5,795,000
List Price
432,776$2,0880.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

8/10

Newport Elementary School

Grades PK-6 • 1.4 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.2 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths5.04.0
69%
Square foot3,0602,609.5
65%
Lot Size2,5504,425.5
20%
Price$8.10M$4.47M
87%
Price per sq ft$2.6K$1.8K
85%
Built year20171963
85%
HOA$0$0
50%
Days on market9219
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

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