
Newport Beach, California 92661
This Exquisite Oceanfront Sanctuary is a Strong Value Opportunity, listed at $13,799,000—positioned well below the $14,590,129 Fair Market Value by 5%. This valuation gap offers $791,129 in Instant Equity for the discerning buyer. Boasting a Pristine Condition Rating after a high-end coastal remodel, the residence features a custom marble kitchen with Viking and Subzero appliances. Located steps from the sand within the Newport Mesa Unified district near the 9/10 rated Newport Elementary, it perfectly balances luxury with lifestyle. This is an ideal acquisition for Luxury Homebuyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 W Oceanfront Subject | $13,799,000* List Price | 3 | 4 | 3,669 | $3,977 | - |
A 1344 W Bay Avenue Sold | $10,500,000 | 4 | 3 | 2,922 | $3,593 | 0.2 mi |
B 505 W Edgewater Avenue Sold | $12,750,000 | 4 | 5 | 3,208 | $3,974 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently and extensively remodeled with a high-end modern California coastal interior. It features premium upgrades including a custom marble kitchen island, Viking and Subzero appliances, wide-plank hardwood flooring, and contemporary light fixtures throughout. The home is in pristine, move-in-ready condition with no signs of deferred maintenance, meeting the criteria for a fully renovated property within the last 5 years.
Elementary School: Newport Elementary School (9/10).
The property offers direct beach access and a large brick patio, providing a seamless indoor-outdoor lifestyle on the prestigious Balboa Peninsula.
The home features a recently updated California coastal interior with high-end finishes, including a custom marble kitchen island and professional-grade Viking and Subzero appliances.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3735, living area = 3669.
The property's direct oceanfront location on the Balboa Peninsula results in high pedestrian traffic and public visibility from the adjacent beach and boardwalk.
Listed at nearly $13.8 million, the property commands a significant premium that may limit the pool of qualified buyers despite its luxury features.
Welcome to the beach, the sand, and the surf. This ocean front property is everything living in Newport should be and quite a bit more. Recently remodeled throughout the entire home we have a splash of Spanish on the exterior blended into a fully furnished modern California coastal interior. Walk right off the sand into your home's large brick patio featuring multiple seating areas, grill, space heaters, and outdoor dining table. Welcoming you inside is the fully open sliding panel glass doors where you can glide over to the living room. The mainstay of every home is a beautiful, inviting, and social kitchen. The kitchen hub is a custom marble island with easy lines for friends and family to eat, drink, and play across the open concept adjacent dining room. Echoing the clean and crisp precision of the space is all stainless steel appliances including a Viking range and Subzero refrigerator. Just down the hall is a full sized billiards room all prepped for your first game of the summer. For the full appreciation of this view there's a gorgeous set of brass binoculars framing the ocean to the back drop of the master bedroom. The master bedroom also features a built in office/library so working from home is as convenient as possible while also maximizing your time in front of the water and appreciating the Pacific. The home has 8 additional beds all ready to go so feel free to have friends and family over without worrying about where to crash. The 3 car garage helps with parking during prime time when everyone is down during the summer.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,669 | 2,561.5 | 88% |
| Lot Size | 3,735 | 2,614 | 79% |
| Price | $13.80M | $5.17M | 88% |
| Price per sq ft | $3.8K | $2.6K | 88% |
| Built year | 1998 | 1959 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 211 | 4% |
Mar 21, 2026
$13,799,000
Initial Listing
Aug 25, 2017
$6,550,000
Public Record
Apr 25, 1997
$855,000
Public Record