
Newport Coast, California 92657
This Rare Front-Row Coastal Residence represents a High-Potential Investment Opportunity, listed at $6,998,000—positioned slightly above the $6,941,807 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and massive 21,794 sqft lot offer significant upside for value-add renovation. Featuring unobstructed panoramic ocean and canyon views and proximity to top-rated Newport Mesa schools, this home provides a unique canvas for luxury customization. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to create a bespoke estate in a premier location.
Property is moderate renovation needed.
Built in 1997, this 27-year-old property is in mostly original condition. While well-maintained and functional, the kitchen features dated white cabinetry and older appliances, and the bathrooms reflect late-90s design trends. The listing description explicitly mentions 'tremendous potential' to create a dream home, signaling that the interior systems and finishes are due for modern updates.
Elementary School: Newport Coast Elementary School (9/10). High School: Corona Del Mar High School (9/10).
The property occupies a rare front-row position, offering permanent and panoramic views of the Pacific Ocean, Newport Harbor, and surrounding canyons.
The highly desirable floor plan features a primary suite on the main level, providing long-term accessibility and a sense of privacy away from secondary bedrooms.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =21794, other record lot size in square feet = 33065.
Offered for the first time in over 20 years, the property is described as having 'tremendous potential,' suggesting that the 1997 finishes may require significant updating to meet modern luxury standards.
Despite its high price point and large lot, the property is classified as a condominium, which may involve specific ownership structures and association regulations that differ from traditional fee-simple single-family homes.
Offered publicly for the first time in over 20 years, 16 Sugar Pine presents a rare opportunity to own an exceptional front-row property with unobstructed views of the Pacific Ocean, Newport Harbor, and the surrounding canyons. Ideally situated to maximize its breathtaking coastal setting, the residence offers three generously appointed bedrooms, a private office, and a highly desirable main-level primary suite. Soaring ceilings throughout the main living areas create an impressive sense of scale, while a grand foyer with a sweeping spiral staircase provides an elegant introduction to the home. Large windows invite an abundance of natural light into the interior, showcasing the spectacular ocean, harbor, and canyon views that define this special property. The thoughtfully designed floor plan provides an ideal balance of formal and informal living spaces, creating a wonderful setting for both large-scale entertaining and intimate gatherings alike. The main-level primary suite offers exceptional convenience and privacy, while the additional bedrooms and dedicated office provide flexibility for family members and guests. An extended private driveway leads to a spacious three-car garage, offering an additional level of privacy and convenience rarely found in coastal properties. With its irreplaceable front-row location, commanding views, and tremendous potential, 16 Sugar Pine represents a truly unique opportunity to create a dream home in one of Newport Coast’s most desirable coastal communities. Immediate proximity to award-winning schools, world-class resorts, premier shopping and dining, and picturesque beaches completes this exceptional offering.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,495 | 1,459 |
| Lot Size | 21,794 | 51,217 |
| Price | $7.00M | $1.85M |
| Price per sq ft | $2.0K | $1.3K |
| Built year | 1997 | 1994 |
| HOA | $550.0 | $677 |
| Days on market | 3 | 52 |
Oct 22, 2026
$6,998,000
Initial Listing
Apr 9, 1998
$770,000
Public Record