1703 E Ocean Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 5 bath

1703 E Ocean Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$12,200,000
1703 E Ocean Boulevard, Newport Beach, California 92661
3Beds
5Baths
3,452Sqft
3,080Lot

Price Vs. Estimate

The estimated value ($12,102,066.4) is $97,933.6 (0%) lower than the list price ($12,200,000). This property may be overpriced.

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 = 3080, living area = 3452.

Compared to the nearby listings

Price:$12.20M vs avg $4.22M (+$7,975,000)88%
Size:3,452 sqft vs avg 2,046 sqft88%
Price/sqft:$3.5K vs avg $2.8K77%

More Insights

Built in 2021 (4 years old).
Condition: This property, built in 2021, is virtually brand new. The description highlights bespoke finishes, exceptional craftsmanship, and state-of-the-art features, including a professional-grade kitchen with bleached walnut custom millwork and marble countertops, luxurious bathrooms with high-end fixtures, and smart home technology. The images confirm a pristine condition with modern design, high-quality materials like hardwood and polished concrete flooring, and contemporary lighting throughout. All components are new and meet the highest quality standards with no signs of wear or deferred maintenance.
Year Built
2021
Close
-
List price
$12.2M
Original List price
$12.2M
Price/Sqft
$3,534
HOA
-
Days on market
-
Sold On
-
MLS number
NP25016995
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Water

About this home

With bespoke finishes, exceptional craftsmanship, and striking architectural design this stunning seaside custom home in the Balboa Peninsula Point neighborhood of Newport Beach embodies a fusion of classic modern farmhouse design and luxury. Positioned on a premier ocean-view corner lot, the stunning construction features clean lines, expansive windows, a creamy, hand-plastered exterior, and a dramatic standing-seam pitched roof. Constructed to harmonize with the environment the home is bathed in light, offering a panorama of views and a seamless connection between indoor and outdoor living spaces. Designed with an open-plan layout the home’s meticulously tailored finishes include Riviera Bronze windows and doors, antique brass fixtures and fittings, artisan lacquer paint, polished concrete, marble, and fine European woods. The state-of-the art kitchen outfitted with professional grade appliances, impressive, bleached walnut custom millwork, and a large walk-in pantry, serves as the hub of the home and allows for seamless large-scale entertaining. Blending style, comfort, and function the generous three bedroom plus den floor plan spans three levels, embracing an open concept living experience enhanced by elevator access. With a strong connection to the water, the ocean view roof top terrace enjoys an ever-changing landscape of sunset and surf break views and is the ideal spot to enjoy a glass of wine around the fire with family and friends. Smart home technology, advanced lighting, climate control, and security and surveillance systems, automated window treatments, an elevator, two laundry areas, and an oversized three car garage are additional amenities of the residence. Combining architectural sophistication with thoughtful functionality this stylish ocean-close home affords a timeless and inspiring lifestyle experience.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.9mi
7/10
Horace Ensign Intermediate School
Public,7-82.2mi
7/10
Newport Harbor High School
Public,9-122.3mi
Condition Rating
Excellent

This property, built in 2021, is virtually brand new. The description highlights bespoke finishes, exceptional craftsmanship, and state-of-the-art features, including a professional-grade kitchen with bleached walnut custom millwork and marble countertops, luxurious bathrooms with high-end fixtures, and smart home technology. The images confirm a pristine condition with modern design, high-quality materials like hardwood and polished concrete flooring, and contemporary lighting throughout. All components are new and meet the highest quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Premier Ocean-View Corner Lot: Positioned on a premier ocean-view corner lot in Balboa Peninsula Point, offering panoramic views of the ocean, coastline, Catalina, and city lights, significantly enhancing desirability and value.
Brand New Luxury Construction & Design: Built in 2021, this custom home features bespoke finishes, exceptional craftsmanship, striking architectural design, and a modern farmhouse aesthetic with clean lines and expansive windows.
High-End Finishes & Professional Kitchen: Meticulously tailored finishes include Riviera Bronze windows/doors, antique brass fixtures, artisan lacquer paint, polished concrete, marble, and fine European woods, complemented by a state-of-the-art kitchen with professional-grade appliances and custom bleached walnut millwork.
Comprehensive Smart Home Integration & Modern Amenities: Equipped with smart home technology, advanced lighting, climate control, security/surveillance systems, automated window treatments, an elevator, two laundry areas, and an oversized three-car garage.
Expansive Rooftop Terrace with Panoramic Views: A dedicated ocean-view rooftop terrace provides an ideal space for entertaining, enjoying sunsets, and surf break views, complete with a fire feature.

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 = 3080, living area = 3452.
High Price Point: With a list price of $12.2 million, the property targets a very niche luxury market, potentially limiting the pool of prospective buyers.
Limited Outdoor Ground Space: The lot size of 3,080 sqft is relatively small for a luxury custom home of this caliber, suggesting limited traditional yard or garden space beyond the rooftop terrace.
Potential for Public Exposure: Being on a 'premier ocean-view corner lot' on E Ocean Boulevard, while offering stunning views, may also entail increased public visibility and potential for noise from street traffic or beach activity, impacting privacy.

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