1963 Port Edward Place, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 5 bath

1963 Port Edward Place, Newport Beach, California 92660 home-pic-0
ACTIVE$8,599,000
1963 Port Edward Place, Newport Beach, California 92660
5Beds
5Baths
5,306Sqft
9,000Lot

Price Vs. Estimate

The estimated value ($8,126,574.41) is $472,425.59 (5%) lower than the list price ($8,599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
Lack of Private Pool/Spa: Despite being a luxury estate in a high-value area, the property description does not mention a private pool or spa, which is a common expectation and feature in many comparable properties at this price point.

Compared to the nearby listings

Price:$8.60M vs avg $3.85M (+$4,751,000)93%
Size:5,306 sqft vs avg 2,673.5 sqft93%
Price/sqft:$1.6K vs avg $1.4K67%

More Insights

Built in 2024 (1 years old).
Condition: This property is a completely re-designed 2024 custom-built estate, making it brand new. The kitchen features top-of-the-line Wolf, Sub-Zero, and Bosch appliances, dual islands with Taj Mahal quartzite countertops, and striking pendant lighting. Bathrooms are spa-inspired with high-end finishes like Calcutta black marble, soaking tubs, and dual-head showers. The home boasts white wide plank French oak flooring throughout, modern light fixtures, and all systems are new, meeting the highest current quality standards with no deferred maintenance.
Year Built
2024
Close
-
List price
$8.6M
Original List price
$9.5M
Price/Sqft
$1,621
HOA
$1,720
Days on market
-
Sold On
-
MLS number
OC25042579
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

Discover unparalleled elegance in this completely re-designed 2024 custom-built estate, perfectly positioned on a coveted 9,000 sqft corner lot in the prestigious Port Streets. Spanning 5,306 sqft of impeccably designed living space, this home blends exquisite craftsmanship with thoughtfully curated finishes. White wide plank French oak flooring leads you through an inviting, light-filled interior. The elegant living room, warmed by a charming stone fireplace, features French doors that open to a welcoming front porch. At the heart of the home, the chef’s kitchen with dual islands is a masterpiece of both design and functionality. Equipped with a Wolf six-burner range, Sub-Zero refrigerator, dual Bosch dishwashers, a wine refrigerator, and Wolf cappuccino maker, this space is built for both casual dining and entertaining. Two expansive islands adorned with Taj Mahal quartzite countertops offer generous prep space, complemented by striking pendant lighting that adds to the home's refined ambiance. Seamlessly integrating indoor and outdoor living, the adjacent family room opens through bifold doors to a beautifully landscaped backyard including a lush lawn creating a private retreat, perfect for both relaxation and entertaining. A dedicated home office, enclosed with French doors, offers a quiet space for productivity. The main-level guest suite provides a private sanctuary with serene front-yard views and an en-suite bath featuring a walk-in shower—ideal for visitors or extended family. Upstairs, the primary suite is a true haven, featuring a spa-inspired bathroom with a soaking tub, dual-head showers, dual vanities with striking Calcutta black marble countertops, and custom white oak cabinetry. His-and-her walk-in closets with built-ins offer exceptional storage, while a private balcony provides a tranquil escape. The second level also includes three additional bedrooms, two stylish bathrooms, and a thoughtfully designed laundry room with a utility sink for added convenience. Additional highlights include recessed lighting, prewiring for a premium entertainment system, a spacious two-car attached garage, and a well-appointed wine cellar. Ideally located within the award-winning Andersen Elementary Blue Ribbon school district and just moments from the upscale shopping and dining of Fashion Island, this exceptional residence offers the perfect blend of style, comfort, and modern convenience in one of Newport Beach’s most sought-after neighborhoods.

Nearby schools

9/10
Roy O. Andersen Elementary School
Public,K-60.3mi
7/10
Abraham Lincoln Elementary School
Public,K-60.5mi
9/10
Corona Del Mar High School
Public,7-121.7mi
Condition Rating
Excellent

This property is a completely re-designed 2024 custom-built estate, making it brand new. The kitchen features top-of-the-line Wolf, Sub-Zero, and Bosch appliances, dual islands with Taj Mahal quartzite countertops, and striking pendant lighting. Bathrooms are spa-inspired with high-end finishes like Calcutta black marble, soaking tubs, and dual-head showers. The home boasts white wide plank French oak flooring throughout, modern light fixtures, and all systems are new, meeting the highest current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
New Custom Construction: Built in 2024, this completely re-designed custom estate offers modern design, brand-new systems, and finishes, appealing to buyers seeking a move-in ready luxury home without the need for immediate renovations.
Prime Location & Top-Rated Schools: Strategically located on a coveted corner lot in the prestigious Port Streets, within the award-winning Andersen Elementary Blue Ribbon school district, and just moments from upscale shopping and dining at Fashion Island, enhancing its desirability and long-term value.
Gourmet Chef's Kitchen: The heart of the home features a chef’s kitchen with dual islands, equipped with a full suite of high-end appliances including a Wolf six-burner range, Sub-Zero refrigerator, dual Bosch dishwashers, wine refrigerator, and Wolf cappuccino maker, ideal for culinary enthusiasts and entertaining.
Luxurious Suites & Thoughtful Layout: Boasts a lavish primary suite with a spa-inspired bathroom and private balcony, complemented by a convenient main-level guest suite with an en-suite bath, providing comfort and privacy for residents and visitors alike.
Exquisite Design & High-End Finishes: Showcases impeccable design with exquisite craftsmanship, white wide plank French oak flooring, Taj Mahal quartzite and Calcutta black marble countertops, a dedicated home office, and a well-appointed wine cellar, reflecting premium quality throughout.

Cons

Lack of Private Pool/Spa: Despite being a luxury estate in a high-value area, the property description does not mention a private pool or spa, which is a common expectation and feature in many comparable properties at this price point.
High Association Fees: The association fee of $1,720 is considerably higher than most comparable properties in the area, adding a significant ongoing cost that potential buyers will need to factor into their budget.
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $9.499M to $8.599M, which could suggest initial overpricing or market resistance, potentially impacting buyer perception.

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