1743 Miramar, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 5 bath

1743 Miramar, Newport Beach, California 92661 home-pic-0
ACTIVE$4,150,000
1743 Miramar, Newport Beach, California 92661
4Beds
5Baths
3,017Sqft
2,450Lot

Price Vs. Estimate

The estimated value ($4,150,000) is $0 (0%) lower than the list price ($4,150,000). 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 = 2450, living area = 3017.

Compared to the nearby listings

Price:$4.15M vs avg $4.10M (+$50,000)50%
Size:3,017 sqft vs avg 2,046 sqft81%
Price/sqft:$1.4K vs avg $2.7K4%

More Insights

Built in 2026 (-1 years old).
Condition: This property is a 'Ready to Build' project with approved plans for a brand new, luxury residence. With a projected build year of 2026, the completed home will feature a chef's kitchen with an oversized island, a spa primary bath with a soaking tub and walk-in shower, and all new, high-end components meeting current quality standards. This aligns perfectly with the 'Excellent' condition criteria for a newly constructed home with no deferred maintenance and minimal physical depreciation.
Year Built
2026
Close
-
List price
$4.15M
Original List price
$4.15M
Price/Sqft
$1,376
HOA
-
Days on market
-
Sold On
-
MLS number
OC25229646
Home ConditionExcellent
Features
Good View: Neighborhood
ViewNeighborhood

About this home

READY TO BUILD - Approved Plans will be delivered at the Escrow– RTI Project Rare opportunity to build a custom residence on the iconic Balboa Peninsula Point. This prime location is just steps from the beach and within walking distance of the Balboa “Fun Zone,” shops, restaurants, Newport Bay, Balboa Pier, Ferry, and Village. Approved plans showcase a stunning 3-level design offering 3,017 sq ft., 4 bedrooms + office, and 4.5 baths, with an elevator for easy access. The main level features a chef’s kitchen with oversized island, bar seating, and an airy living area that opens to a front patio through floor-to-ceiling glass doors—perfect for indoor/outdoor living. The second level includes a private primary suite with spa bath, soaking tub, walk-in shower, dual vanities, balcony, and large walk-in closet. Two additional en-suite bedrooms complete this floor. The third level offers another bedroom and bath, plus direct access to an expansive 1,100+ sq ft. rooftop deck with both covered and open lounging areas—an entertainer’s dream. Additional highlights include an oversized 2-car garage with EV charging capabilities, ample storage, and a carport for a third vehicle. Permits & plans anticipated in December 2025. A rare chance to customize and create your dream home in one of Southern California’s most sought-after coastal communities. Price includes only the lot and plans. It doesn't include construction cost.

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,9-122.4mi
Condition Rating
Excellent

This property is a 'Ready to Build' project with approved plans for a brand new, luxury residence. With a projected build year of 2026, the completed home will feature a chef's kitchen with an oversized island, a spa primary bath with a soaking tub and walk-in shower, and all new, high-end components meeting current quality standards. This aligns perfectly with the 'Excellent' condition criteria for a newly constructed home with no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Situated on the iconic Balboa Peninsula Point, steps from the beach and within walking distance to the Balboa 'Fun Zone,' shops, restaurants, Newport Bay, and Balboa Pier, offering unparalleled lifestyle access.
Ready-to-Build (RTI) with Approved Plans: The property comes with approved plans for a stunning 3-level, 3,017 sq ft residence, streamlining the development process and reducing design uncertainties.
Luxury Design & Features: The approved plans showcase high-end amenities including a chef's kitchen, spa primary bath, elevator, floor-to-ceiling glass doors for indoor/outdoor living, and an oversized garage with EV charging.
Expansive Rooftop Deck: A planned 1,100+ sq ft rooftop deck with covered and open lounging areas provides an exceptional space for entertaining and enjoying potential coastal views.
Customization Opportunity: Offers a rare chance for a buyer to customize and create a bespoke dream home in one of Southern California’s most sought-after coastal communities, built to their exact specifications.

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 = 3017.
Significant Additional Investment Required: The listed price includes only the lot and approved plans; the substantial cost of construction is not included and will require significant additional capital from the buyer.
Extended Timeline for Occupancy: Permits and plans are anticipated in December 2025, meaning construction cannot commence until then, leading to a prolonged waiting period before the home can be occupied.
No Existing Structure: This is a development opportunity for a new build, not a move-in ready property, requiring the buyer to engage in or oversee the entire construction process.

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