
Newport Beach, California 92661
This Stunning Newly Rebuilt Residence is listed at $6,250,000, reflecting a stable market price consistent with its $6,247,353 Fair Market Value. Featuring an Excellent Condition Rating, this home offers a turnkey lifestyle with a Chef’s Kitchen, European Oak Floors, and a Second-Floor Deck overlooking the park. Located in the prestigious Newport Mesa Unified district near Newport Elementary (9/10), the property provides a sophisticated coastal sanctuary. With its rare Two-Car Garage and Carport, this home is the perfect fit for discerning luxury buyers or families seeking a refined, move-in ready coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1517 Miramar Drive Subject 4 bd · 4 ba · 2,554 sqft · $2,446 | $6,250,000* List Price | 4 | 4 | 2,554 | $2,446 | - |
A 2029 Miramar Drive Sold 4 bd · 3 ba · 1,826 sqft · $2,464 · 0.3 mi | $4,500,000 | 4 | 3 | 1,826 | $2,464 | 0.3 mi |
B 920 E Oceanfront Active 3 bd · 3 ba · 2,640 sqft · $2,839 · 0.5 mi | $7,495,000 List Price | 3 | 3 | 2,640 | $2,839 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly rebuilt residence (2026) in mint condition. It features a high-end chef's kitchen with premium Sub-Zero, Wolf, and ILVE appliances, designer bathrooms with Waterworks fixtures, and brand-new electrical and HVAC systems throughout.
Elementary School: Newport Elementary School (9/10).
Newly rebuilt in 2026, this residence features ultra-premium finishes including European oak flooring, an ILVE range, and Waterworks fixtures, offering a turnkey luxury experience with artisanal craftsmanship.
Rare for the Balboa Peninsula, the property includes both a two-car garage and a full-size carport, providing exceptional parking utility in a high-density coastal neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2554, other record living area = 2090. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2450, living area = 2554.
With a lot size of just 2,450 square feet, the property offers minimal private outdoor yard space, which may be a drawback for buyers seeking traditional garden or play areas.
Rich in authentic coastal character, this exceptional newly rebuilt four-bedroom, three-and-one-half-bath Peninsula Point residence offers a sophisticated interpretation of the classic Newport Beach cottage. Timeless architecture and beautifully considered interiors are elevated by bespoke craftsmanship, fine European fixtures and finishes, and a warm, layered palette of natural materials. Beyond its classic shingled façade and welcoming Dutch door, the interiors unfold with an understated sense of luxury. European oak floors flow throughout, complemented by extensive custom cabinetry and millwork and a curated collection of designer lighting. Generous windows and doors invite abundant natural light, while European limestone, handmade tile-work, honed marble, soapstone, and polished nickel fixtures lend depth, texture, and an artisanal quality to the home. A reclaimed brick fireplace, framed by custom cabinetry and built-in bookcases, gives the great room its distinctive sense of warmth and character. Expansive sliding doors open to the front terrace overlooking the park, where a fire pit creates an inviting outdoor gathering space and a natural extension of the interiors. At the heart of the home, the spacious kitchen is both beautifully appointed and highly functional, with custom cabinetry, a walk-in pantry, honed stone surfaces, an Italian-made ILVE range, and premier Sub-Zero, Wolf, and Cove appliances. A dedicated bar with beverage center complements the entertaining spaces, while the dining room is distinguished by a custom built-in hutch crafted as an integral part of the home’s millwork. The thoughtfully conceived four-bedroom plan includes a primary suite, junior primary suite, and two additional guest bedrooms. The primary offers a serene retreat with a spa-like bath featuring a steam shower, heated floors, European limestone, handcrafted tile, and polished nickel Waterworks fixtures. A second-floor deck provides another inviting outdoor setting for enjoying the coastal surroundings. A large two-car garage and full-size carport provide exceptional parking for the neighborhood, while a vintage-inspired outdoor beach shower awaits sandy feet after a day at the beach. Refined yet relaxed, 1517 Miramar captures the enduring appeal of Peninsula Point—the warmth and authenticity of a quintessential Newport Beach cottage, elevated by exceptional craftsmanship, sophisticated materials, and an effortless connection to its coastal setting.
No exterior & parking available.
Grades PK-6 • 1.7 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.5 |
| Square foot | 2,554 | 2,652.074 |
| Lot Size | 2,450 | 6,056.485 |
| Price | $6.25M | $4.19M |
| Price per sq ft | $2.4K | $1.6K |
| Built year | 2026 | 1972 |
| HOA | $0 | $463 |
| Days on market | 24 | 70 |
Sep 30, 2026
$6,250,000
Initial Listing
Jul 28, 2025
$3,200,000
Public Record