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20431 Cypress Street, Newport Beach, California 92660, Newport Beach, 92660 - 7 bed, 8 bath

20431 Cypress Street, Newport Beach, California 92660 home-pic-0
ACTIVE$4,875,000
20431 Cypress Street, Newport Beach, California 92660
7Beds
8Baths
5,001Sqft
9,000Lot

Price Vs. Estimate

The estimated value ($4,710,864.76) is $164,135.24 (3%) lower than the list price ($4,875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
Lack of Views: Despite its Newport Beach location, the property explicitly states 'view: None,' which can be a significant drawback in a market where premium views often command higher values.

Compared to the nearby listings

Price:$4.88M vs avg $3.85M (+$1,027,000)67%
Size:5,001 sqft vs avg 2,673.5 sqft91%
Price/sqft:$975 vs avg $1.4K8%

More Insights

Built in 2010 (15 years old).
Condition: Built in 2010, this custom-designed home, described as the builder's private residence, features exceptional craftsmanship and top-tier materials throughout. The chef's kitchen boasts solid custom cherry cabinets and high-end Sub Zero and Viking appliances, meeting modern quality standards. Bathrooms feature luxurious Versailles pattern travertine floors, which extend throughout the main level. Upstairs, new wood floors are present. The property shows no signs of deferred maintenance and its high-quality construction ensures minimal physical depreciation, making it virtually new in terms of condition and appeal despite its 14-year age.
Year Built
2010
Close
-
List price
$4.88M
Original List price
$4.25M
Price/Sqft
$975
HOA
-
Days on market
-
Sold On
-
MLS number
TR24148561
Home ConditionExcellent
Features
View-

About this home

True one off Thomas Kincade Inspired Custom 5bd, 6bth Main Home with 2bd/2bth ADU located in the Equestrian Area of the Back Bay of Newport Beach, newly built in 2010. Includes RV/Large Trailer Parking w/Hookups, Separate Large Shop/Barn with 1/2 bath, Office, Tack Room & Hay loft, currently a car collector garage w/parking for 10 vehicles when combined w/main home oversized garage. The barn can also be converted to two stalls with the backyard being a turnout/exercise area. Aprox 7,000 sqft under roof, not counting the attics !! Main home has beautiful diamond pattern leaded glass windows, Versailles pattern travertine floors throughout the main level as well as all bathrooms throughout the home, chef’s kitchen with solid custom cherry cabinets, top of the line appliances such as Sub Zero, Viking with all of today’s modern conveniences. Formal Dining room features a 450 bottle temperature-controlled wine room with cedar racks. Downstairs bedroom off the entry, with en-suite bath, is built out with custom inlayed Cherry Wood walls, coffered ceilings and is currently used as an office/library. Three fireplaces total with two being true wood burning w/hand carved marble mantels imported from Italy. Upstairs you will find the New Wood Floors throughout with a very large Master suite, three additional bedrooms with en-suite baths, all with walk-in closets, and a loft/sitting area. NOTE: This is not a "spec home", the builder built this home as his private residence with all the best materials and true craftmanship that would cost well over $1,400 per square foot to duplicate in todays market.

Nearby schools

9/10
Eastbluff Elementary School
Public,•K-6•0.9mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.6mi
/10
Woodland Elementary School
Public,•PK-2•1.8mi
8/10
Mariners Elementary School
Public,•PK-6•2.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•3.3mi
9/10
Corona Del Mar High School
Public,•7-12•1.3mi
7/10
Newport Harbor High School
Public,•9-12•3.0mi
Condition Rating
Excellent
Built in 2010, this custom-designed home, described as the builder's private residence, features exceptional craftsmanship and top-tier materials throughout. The chef's kitchen boasts solid custom cherry cabinets and high-end Sub Zero and Viking appliances, meeting modern quality standards. Bathrooms feature luxurious Versailles pattern travertine floors, which extend throughout the main level. Upstairs, new wood floors are present. The property shows no signs of deferred maintenance and its high-quality construction ensures minimal physical depreciation, making it virtually new in terms of condition and appeal despite its 14-year age.
Pros & Cons

Pros

Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Exceptional Custom Craftsmanship: Built as a private residence in 2010 with 'best materials and true craftmanship,' including imported marble, custom cherry cabinets, and top-of-the-line appliances (Sub Zero, Viking).
Versatile Auxiliary Structures: Features a 2-bed/2-bath ADU and a large shop/barn (approx. 7,000 sqft under roof total) convertible to equestrian stalls or a 10-car collector's garage, offering significant flexibility.
Desirable Equestrian Area Location: Situated in the unique Equestrian Area of Newport Beach's Back Bay, providing a distinct lifestyle opportunity within a prestigious city.
Luxury Amenities: Includes a 450-bottle temperature-controlled wine room, RV/trailer parking with hookups, and multiple wood-burning fireplaces with hand-carved marble mantels.
Modern & Spacious Living: Constructed in 2010, offering contemporary design and systems, with a substantial main home (5001 sqft) featuring a large master suite and en-suite baths for all bedrooms.

Cons

Lack of Views: Despite its Newport Beach location, the property explicitly states 'view: None,' which can be a significant drawback in a market where premium views often command higher values.
Potential Overpricing: The current list price of $4.875M is above the estimated market value of $4.71M, potentially indicating an aggressive pricing strategy that could affect market duration.
Limited Equestrian Land: While located in an equestrian area with a convertible barn, the 9,000 sqft lot size may be considered restrictive for serious equestrian pursuits, potentially limiting its appeal to buyers seeking more expansive horse property.

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