1978 Port Laurent Place, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 6 bath

1978 Port Laurent Place, Newport Beach, California 92660 home-pic-0
ACTIVE$6,950,000
1978 Port Laurent Place, Newport Beach, California 92660
5Beds
6Baths
4,422Sqft
9,363Lot

Price Vs. Estimate

The estimated value ($5,726,144.3) is $1,223,855.7 (17%) lower than the list price ($6,950,000). 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:
Absence of Premium Views: The property does not offer panoramic, ocean, or city light views, which can be a significant factor in the high-value Newport Beach market where such views often command a premium.

Compared to the nearby listings

Price:$6.95M vs avg $3.85M (+$3,102,000)84%
Size:4,422 sqft vs avg 2,673.5 sqft81%
Price/sqft:$1.6K vs avg $1.4K65%

More Insights

Built in 2000 (25 years old).
Condition: The property was built in 2000, placing it within the 10-20 year range for a 'good' score. The description highlights a 'gourmet kitchen' with top-of-the-line appliances (Sub-Zero, 6-burner range, dual dishwashers, beverage fridge, warming drawer), and the images confirm high-quality, well-maintained traditional finishes throughout, including hardwood floors and recessed lighting. Bathrooms feature dual vanities and soaking tubs, indicating good quality. While the overall style is classic and well-kept, it doesn't appear to have undergone a full recent renovation (within the last 5 years) to meet the 'excellent' criteria for modern aesthetics, particularly in the kitchen and bathroom styles which, while high-end, reflect a 2000s traditional design rather than a contemporary one. There are no signs of deferred maintenance or significant wear and tear, and major systems are functional.
Year Built
2000
Close
-
List price
$6.95M
Original List price
$7.33M
Price/Sqft
$1,572
HOA
$143
Days on market
-
Sold On
-
MLS number
NP25083084
Home ConditionGood
Features
Deck
Patio
View-

About this home

Welcome to 1978 Port Laurent Place – a stunning, custom-built Charleston-inspired residence, offering 5 spacious bedrooms and situated on one of the largest lots in the coveted Port Streets community. From the moment you step inside, you’re greeted by a warm and elegant entryway that sets the tone for the rest of the home. The formal living and dining rooms are beautifully connected by a dual-sided fireplace, featuring two exquisite mantles and large windows that flood the space with natural light. A grand staircase serves as a striking centerpiece, leading you to a spacious family room with custom built-ins and French doors that open to a private, expansive backyard. The gourmet kitchen is a chef’s dream, equipped with top-of-the-line appliances including a Sub-Zero refrigerator, 6-burner range, dual dishwashers, beverage fridge, warming drawer, and a utility sink. A charming breakfast nook and showcase built-ins add both function and beauty to the space. Adjacent to the kitchen is a versatile bonus room currently serving as a playroom, complete with additional built-ins. The main level also includes a guest bedroom with en-suite bath, an elegant powder room and an attached two-car garage. Upstairs, the serene primary suite is located in its own wing of the home. With a custom fireplace, built-ins, and a private covered balcony overlooking the backyard, this retreat is as comfortable as it is luxurious. The en-suite bathroom features dual vanities, a soaking tub, separate shower, water closet, and a large walk-in closet. Three additional bedrooms offer plenty of space and flexibility, including one with a private en-suite bathroom and two connected by a stylish Jack-and-Jill bath with separate vanity areas. A spacious and convenient laundry room rounds out the upper level. Outside, the expansive backyard is a true rarity in the Port Streets. With ample room for a pool, sports court, or anything you can dream of, it already features a built-in BBQ, patio, and cozy outdoor fireplace. The possibilities here are endless. Don’t miss the chance to own this exceptional, high-quality custom home in one of Newport Beach’s most sought-after neighborhoods.

Nearby schools

7/10
Abraham Lincoln Elementary School
Public,K-60.3mi
9/10
Roy O. Andersen Elementary School
Public,K-60.5mi
9/10
Corona Del Mar High School
Public,7-121.8mi
Condition Rating
Good

The property was built in 2000, placing it within the 10-20 year range for a 'good' score. The description highlights a 'gourmet kitchen' with top-of-the-line appliances (Sub-Zero, 6-burner range, dual dishwashers, beverage fridge, warming drawer), and the images confirm high-quality, well-maintained traditional finishes throughout, including hardwood floors and recessed lighting. Bathrooms feature dual vanities and soaking tubs, indicating good quality. While the overall style is classic and well-kept, it doesn't appear to have undergone a full recent renovation (within the last 5 years) to meet the 'excellent' criteria for modern aesthetics, particularly in the kitchen and bathroom styles which, while high-end, reflect a 2000s traditional design rather than a contemporary one. There are no signs of deferred maintenance or significant wear and tear, and major systems are functional.
Pros & Cons

Pros

Great Schools: Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Prime Location & Community: Situated on one of the largest lots in the highly coveted Port Streets community of Newport Beach, known for its desirability and excellent school district.
Expansive & Customizable Backyard: A true rarity in the Port Streets, the expansive backyard offers ample room for a pool, sports court, or other custom features, already equipped with a built-in BBQ, patio, and outdoor fireplace.
High-End Gourmet Kitchen: The chef's dream kitchen features top-of-the-line appliances including a Sub-Zero refrigerator, 6-burner range, dual dishwashers, beverage fridge, warming drawer, and a utility sink.
Spacious & Versatile Floor Plan: Offers 5 spacious bedrooms, 6 bathrooms, a versatile bonus room, a main-level guest suite with en-suite bath, and a serene primary suite in its own wing, providing ample space and flexibility.
Custom-Built Quality & Design: A stunning, custom-built Charleston-inspired residence, reflecting high-quality construction and elegant architectural details throughout the home.

Cons

Absence of Premium Views: The property does not offer panoramic, ocean, or city light views, which can be a significant factor in the high-value Newport Beach market where such views often command a premium.
Potential Overpricing: The current list price of $6.95M is 17% above the estimated property value of $5.73M and has already seen a reduction from its original list price, suggesting it may still be priced above current market expectations.
Age of Interior Finishes: Built in 2000, while custom and high-quality, the interior finishes and systems may not reflect the very latest design trends or smart home technologies found in newer or recently renovated luxury properties, potentially requiring future updates for some buyers.

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