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1577 Miramar Drive, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 4 bath

1577 Miramar Drive, Newport Beach, California 92661 home-pic-0
ACTIVE$4,850,000$2,558/sqft
Est. Value: $5,412,656
11%
BelowEstimate
1577 Miramar Drive, Newport Beach, California 92661
4Beds
4Baths
2,558Sqft
2,450Lot

Price Vs. Estimate

The estimated value ($5,412,656.45) is $562,656.45 (11%) higher than the list price ($4,850,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
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 = 2450, living area = 2558.

Compared to the nearby listings

Price:$4.85M vs avg $4.40M (+$450,000)52%
Size:2,558 sqft vs avg 2,090 sqft55%
Price/sqft:$1.9K vs avg $2.5K21%

More Insights

Built in 2016 (10 years old).
Condition: Built in 2016, this property is virtually new construction, falling well within the 'built within 10 years' criteria. The images showcase a modern, high-end aesthetic throughout, with a chef's kitchen featuring Thermador appliances and quartz countertops, and spa-inspired bathrooms with contemporary fixtures and finishes. Hardwood floors, recessed lighting, and custom details are in pristine condition, indicating no deferred maintenance and meeting current quality standards.
Year Built
2016
Close
-
List price
$4.85M
Original List price
$4.85M
Price/Sqft
$1,896
HOA
-
Days on market
-
Sold On
-
MLS number
NP26002596
Home ConditionExcellent
Features
Good View: City Lights, Panoramic
Deck
ViewCity Lights,Panoramic

About this home

Positioned on one of the most desirable blocks of Balboa Peninsula Point, 1577 Miramar Drive presents a timeless coastal retreat just steps from both the ocean and bay. This 4 bedroom, 4 bathroom residence showcases quality craftsmanship and thoughtful design across all three levels, blending casual seaside living with elegant comfort. The main level welcomes you with a spacious front patio and a Dutch-door entry, opening to a sun-filled great room with a fireplace, custom built-ins, and a chef’s kitchen with Thermador appliances, quartz countertops, and an adjacent dining area overlooking the private backyard—perfect for relaxed outdoor gatherings. A bedroom and full bathroom add versatility to the main level, making it great for a home office or guest’s suite. Upstairs, the primary suite offers a spacious walk-in closet and spa-inspired bath with soaking tub, dual vanities, and a walk-in shower. Just down the skylit hall are two additional bedrooms, two bathrooms, and a spacious laundry room. Crowning the home is the third floor expansive rooftop deck with sweeping city and neighborhood views, completing this timeless beach residence ideal for full-time living or a luxurious coastal escape.

K
Kimberly Bibb
Listing Agent

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•1.8mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.1mi
7/10
Newport Harbor High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
05/08/01
Sold
$275,000
07/15/24
Sold
$4,495,000
04/30/21
Sold
$3,445,000
12/05/14
Sold
$1,825,000
Condition Rating
Excellent
Built in 2016, this property is virtually new construction, falling well within the 'built within 10 years' criteria. The images showcase a modern, high-end aesthetic throughout, with a chef's kitchen featuring Thermador appliances and quartz countertops, and spa-inspired bathrooms with contemporary fixtures and finishes. Hardwood floors, recessed lighting, and custom details are in pristine condition, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Coastal Location: Positioned on one of the most desirable blocks of Balboa Peninsula Point, just steps from both the ocean and bay, offering unparalleled access to coastal amenities.
Modern & High-Quality Construction: Built in 2016, the residence showcases quality craftsmanship, thoughtful design, and high-end features including a chef’s kitchen with Thermador appliances and quartz countertops.
Expansive Rooftop Deck with Views: The third-floor expansive rooftop deck provides sweeping city and neighborhood views, creating a premium outdoor living and entertaining space.
Luxurious Primary Suite: The primary suite offers a spacious walk-in closet and a spa-inspired bath with a soaking tub, dual vanities, and a walk-in shower, ensuring comfort and elegance.
Flexible Living Spaces: A versatile main-level bedroom and full bathroom are ideal for a home office or guest suite, complementing the sun-filled great room and private backyard for relaxed gatherings.

Cons

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 = 2450, living area = 2558.
Premium Price Point: The list price of $4.85 million places this property in a highly exclusive market segment, which may limit the pool of potential buyers.
Compact Lot Size: With a lot size of 2,450 sqft, the outdoor space is relatively limited compared to some other luxury properties, potentially impacting buyers seeking larger grounds.
Absence of Central Cooling System Mention: The property description does not explicitly mention a central air conditioning system, which could be a perceived drawback for some buyers, particularly during warmer months.
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