
Newport Coast, California 92657
This Value-Add Coastal Estate is listed at $9,499,000, positioned near its $9,172,510 Fair Market Value to reflect the stability of the exclusive Pelican Point market. With a Condition Rating of 4, the residence remains in well-maintained but original 1997 condition, offering a rare opportunity for modernization and forced appreciation. The property features panoramic Pelican Hill Golf Course and Ocean views and is served by top-rated schools like Corona Del Mar High School. This is a premier acquisition for Luxury Renovators or Visionary Owner-Occupants.
Property is moderate renovation needed.
Built in 1997 and offered by the original owner, the home is nearly 30 years old and remains in mostly original condition. While well-maintained, the interior is dated, featuring 1990s-era oak cabinetry, brass fixtures, and glass block shower walls in the bathrooms. It requires cosmetic updates and modernization of systems to meet current luxury standards.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).
Situated in the exclusive, guard-gated Pelican Point community on the ocean side of PCH, offering rare private beach access and proximity to world-class amenities like Pelican Hill Golf Course and Crystal Cove.
The property boasts a premium position along the 11th fairway of the Pelican Hill Ocean South Golf Course, providing serene golf course and ocean views.
Built in 1997 and held by the original owner, the home likely requires significant cosmetic updates and modernization to meet current luxury standards for the Newport Coast market.
With only three existing bedrooms, the current configuration may be insufficient for larger families or buyers seeking more guest accommodations at this $9.5M price point.
Pelican Point - an exclusive oceanfront, guard-gated community ideally situated on the ocean side of PCH. Adjacent to the renowned Pelican Hill Golf Course and Crystal Cove State Park, this exceptional property offers the perfect blend of coastal luxury and convenience—just a short stroll to the beach, Crystal Cove Promenade, and Corona Del Mar. This remarkable residence presents a rare opportunity to create your own sanctuary. Available for the first time since it was built, the home has been lovingly maintained by its original owner and is ready for your personal vision. Set along the 11th fairway of Pelican Hill Ocean South Golf Course, the home enjoys serene golf course and ocean views. The spacious floor plan features a luxurious primary suite, adjacent upstairs bedroom and another main floor bedroom. Each bedroom enjoys ensuite bathrooms in addition to two main level powder baths. Possible to create a fourth bedroom upstairs and side loaded garage with additional living area. Currently accepting backup offers.
No exterior & parking available.
Grades PK-6 • 1.4 mi
Grades PK-6 • 2.3 mi
Grades K-5 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 5.0 | 25% |
| Baths | 5.0 | 5.0 | 50% |
| Square foot | 4,324 | 4,256 | 50% |
| Lot Size | 11,715 | 11,591.5 | 53% |
| Price | $8.89M | $9.68M | 48% |
| Price per sq ft | $2.1K | $1.6K | 65% |
| Built year | 1997 | 2001 | 25% |
| HOA | $836.0 | $622 | 63% |
| Days on market | 93 | 173 | 15% |
May 13, 2026
$8,895,000
$9,499,000
-6% Price Drop
Initial Listing
Mar 15, 2026
$9,499,000
Initial Listing