
Newport Coast, California 92657
This Single Family Residence in Pelican Ridge Estates is a Strong Value Opportunity, listed at $8,750,000—positioned well below the $8,793,087 Fair Market Value by 0.5%. This property offers $43,087 in Instant Equity. While the home maintains a Fair Condition Rating due to its 1999 finishes, it features a resort-style pool and spa, panoramic ocean views, and access to top-rated Newport Mesa schools. This is an ideal acquisition for Owner-Occupants or discerning buyers seeking a prestigious, high-potential lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14 Clearview Subject | $8,750,000* List Price | 5 | 6 | 4,598 | $1,912 | - |
A 4 Kingsport Sold | $10,700,000 | 4 | 5 | 6,300 | $1,698 | 0.2 mi |
B 31 Overlook Active | $10,995,000 List Price | 4 | 5 | 4,975 | $2,210 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1999 (27 years old) and appears to retain most of its original high-end finishes. While the home is exceptionally well-maintained and move-in ready with premium Viking/Sub-Zero appliances, the limestone flooring, cabinetry style, and beige color palette are dated by modern standards. Per the criteria, its age (>20 years) and need for cosmetic updates to meet current luxury trends classify it as Fair.
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 at the end of a quiet cul-de-sac within the prestigious 24-hour guard-gated Pelican Ridge Estates, offering maximum security and exclusivity in a top-tier Newport Coast neighborhood.
The property features sweeping panoramic ocean and canyon vistas, complemented by a resort-style backyard equipped with a pool, spa, outdoor fireplace, and built-in barbecue.
Built in 1999, the interior finishes—including limestone flooring and white cabinetry—may feel dated to buyers seeking the ultra-modern aesthetic common in recent Newport Coast renovations.
With a list price of $8.75M, the property carries a high price-per-square-foot valuation that may be difficult to sustain without significant contemporary upgrades to the living spaces.
Nestled at the end of a quiet cul-de-sac in the prestigious 24-hour guard-gated community of Pelican Ridge Estates, this residence offers approx. 4,588 sq ft on an 11,200-sq ft pie-shaped lot with sweeping canyon and ocean views. Built in 1999, the home features 5 bedrooms, 5 1/2- baths, office, formal living and dining rooms, family room, breakfast area, pool and spa, and separate garages. A gated entry, paved driveway, stucco exterior, tile roof, and mature landscaping create a distinguished impression. The grand entry opens to a two-story foyer with elegant chandelier and limestone flooring throughout much of the main level. The kitchen features a large center island with seating and vegetable prep sink, dark stone countertops, white cabinetry, glass-front display cabinets, pantry, and premium Sub-Zero and Viking appliances, including a 6-burner gas range with grill and double convection ovens. A breakfast nook overlooks the outdoor living areas. The family room offers a detailed fireplace, custom built-in media cabinetry, and direct pool and patio access. The formal dining room opens through French doors to outdoor spaces, while the living room features a second fireplace and canyon views. The main level includes a private bedroom suite with adjoining bath, plus an office or optional 6th bedroom with powder room. A laundry room provides cabinetry, workspace, washer & dryer, and direct garage access. Upstairs, the primary suite enjoys panoramic ocean and canyon views, fireplace, custom built-ins, and walk-in closet. The primary bath features dual limestone vanities, dressing area, designer cabinetry, walk-in shower with dual shower heads, and soaking tub. Three additional bedroom suites each feature private adjoining baths, with custom cabinetry, walk-in closets, and stone and tile finishes. Designed for year-round Southern California living, the private backyard showcases a pool and spa surrounded by patios, glass fencing, mature landscaping, outdoor fireplace, built-in barbecue, and breathtaking ocean and canyon vistas. The property also includes a separate single-car garage and attached two-car garage with cabinetry and workshop space. Residents of Pelican Ridge Estates enjoy a 24-hour guard gate, clubhouse, community pool, sports courts, and maintained grounds. Ideally located near world-class shopping, dining, beaches, top-rated schools, and major transportation corridors, this exceptional property embodies the Newport Coast lifestyle.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 2.4 mi
Grades K-5 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 6.0 | 6.0 |
| Square foot | 4,598 | 5,350.15 |
| Lot Size | 11,200 | 11,889.05 |
| Price | $8.75M | $8.11M |
| Price per sq ft | $1.9K | $1.7K |
| Built year | 1999 | 2001 |
| HOA | $548.0 | $633 |
| Days on market | 21 | 93 |
Aug 19, 2026
$8,750,000
Initial Listing
Dec 14, 2005
$3,600,000
Public Record