
Newport Beach, California 92625
This Brand-New Contemporary Masterpiece represents a Strong Value Opportunity, listed at $13,500,000—positioned well below the $14,415,894 Fair Market Value by 6%. This valuation gap offers $915,894 in Instant Equity. Featuring a 5,600 sq. ft. floor plan, a separate ADU, and an Excellent Condition Rating, the home offers elite coastal living near top-rated Harbor View Elementary and Corona Del Mar High. This is an ideal acquisition for Luxury Homeowners or Sophisticated Investors seeking a premier Irvine Terrace asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1900 Altura Drive Subject 5 bd · 5 ba · 5,600 sqft · $2,650 | $14,500,000* List Price | 5 | 5 | 5,600 | $2,650 | - |
A 2519 Harbor View Drive Sold 5 bd · 6 ba · 4,527 sqft · $3,091 · 0.5 mi | $13,995,000 | 5 | 6 | 4,527 | $3,091 | 0.5 mi |
B 1001 Tiller Way Active 5 bd · 4 ba · 4,388 sqft · $2,961 · 1.0 mi | $12,995,000 List Price | 5 | 4 | 4,388 | $2,961 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the original structure was built in 1960, the property is currently a brand-new construction project in the framing stage. As a new build by Nicholson Companies, it will feature all-new HVAC, electrical systems, and modern kitchen/baths, meeting the criteria for excellent condition (<10 years old).
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a prominent corner lot in the highly coveted Irvine Terrace enclave, this property offers elite walkability to Fashion Island and Corona del Mar State Beach.
A brand-new masterpiece by Nicholson Companies and Teale Architecture, featuring 5,600 sq. ft. of modern elegance with seamless indoor-outdoor flow and high-end finishes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5600, other record living area = 2327.
The property was recently sold within the past year on 2025-09-19. The sold price is $5,200,000.00.
With a list price of $13.5 million, the property sits at a significant price point that may limit the pool of qualified buyers despite its luxury features.
Set on a prominent large quarter acre corner lot in the highly coveted Irvine Terrace enclave of Corona del Mar, this brand-new contemporary masterpiece redefines coastal luxury living. Thoughtfully designed with refined finishes and impeccable craftsmanship, the residence offers an exceptional balance of sophistication, comfort, and modern elegance. The main home features four generously appointed bedrooms, four full bathrooms, and a powder room, complemented by a private office, a serene sitting room, and a stunning expansive great room. Open and airy spaces flow effortlessly throughout, with walls of glass inviting abundant natural light and creating a seamless connection between indoor and outdoor living. The great room serves as the heart of the home—ideal for both everyday living and grand-scale entertaining—while maintaining a warm, welcoming ambiance. A ADU/ separate guest house provides outstanding flexibility, perfect for hosting visitors, extended family, or creating a private retreat. Outdoors, lush landscaping surrounds the property, enhancing privacy and offering a tranquil setting for relaxation. An optional pool and spa upgrade allows for further customization, transforming the backyard into a true resort-style oasis. Located in Irvine Terrace, one of Orange County’s most prestigious coastal neighborhoods, residents enjoy a rare blend of upscale living, privacy, and walkability. Known for its large lots and diverse architecture, the community is moments from Fashion Island, Corona del Mar State Beach, and an array of fine dining destinations, all while preserving a close-knit, residential atmosphere. This is a rare opportunity to own a newly built contemporary home in one of Southern California’s most desirable coastal communities—where luxury, location, and lifestyle converge. Brought to you by the award-winning luxury home builder Nicholson Companies and the acclaimed architect Teale Architecture.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades K-6 • 1.2 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.5 |
| Square foot | 5,600 | 2,652.074 |
| Lot Size | 11,009 | 6,056.485 |
| Price | $14.50M | $4.19M |
| Price per sq ft | $2.6K | $1.6K |
| Built year | 1960 | 1972 |
| HOA | $60.0 | $463 |
| Days on market | 45 | 70 |
Sep 15, 2026
$14,500,000
$13,500,000
+7% Price Increase
Initial Listing
Sep 10, 2026
$13,500,000
Initial Listing
Sep 19, 2025
$5,200,000
Public Record