208 Via Palermo, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 6 bath

208 Via Palermo, Newport Beach, California 92663 home-pic-0
ACTIVE$11,250,000$4,669/sqft
Est. Value: $10,553,941
-6%
AboveEstimate
208 Via Palermo, Newport Beach, California 92663
6Beds
6Baths
4,669Sqft
5,104Lot

Price Vs. Estimate

The estimated value ($10,553,941.02) is $696,058.98 (6%) lower than the list price ($11,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.

Compared to the nearby listings

Price:$11.25M vs avg $4.47M (+$6,775,000)93%
Size:4,669 sqft vs avg 2,589.5 sqft92%
Price/sqft:$2.4K vs avg $1.8K78%

More Insights

Built in 2006 (20 years old).
Condition: Despite being built in 2006, this property has been 'newly and completely renovated' with 'extensive upgrades including all new windows, doors, plumbing, and end-user finishes, delivering the feel of a newly built residence.' The kitchen features top-tier Wolf, Sub-Zero, and Miele appliances, custom cabinetry, and marble countertops, all in pristine, modern condition. Bathrooms are spa-inspired with high-end finishes, freestanding tubs, and walk-in showers. Flooring is a mix of new hardwood and stylish tile. All components appear virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2006
Close
-
List price
$11.25M
Original List price
$11.25M
Price/Sqft
$2,410
HOA
$2,400
Days on market
-
Sold On
-
MLS number
OC25280082
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Located on the exclusive enclave of Lido Isle, this newly and completely renovated residence blends timeless traditional architecture with refined California coastal elegance. Sited on a highly sought-after oversized 58-foot-wide lot, the home offers six bedrooms, including a main-level en-suite, plus a dedicated office. Upon entry, a dramatic two-story foyer, seldom found on Lido Isle, sets the tone for the home’s thoughtful scale and architectural presence. The floorplan is ideally suited for both everyday living and sophisticated entertaining, anchored by a light-filled great room that flows seamlessly into the heart of the home. The gourmet kitchen is a chef’s showpiece, appointed with a Wolf 6-burner range with grill, 36" Sub-Zero separate refrigerator and freezer, Miele coffee bar, dual dishwashers, and custom finishes throughout. The kitchen opens seamlessly to the family room and outdoors through a dual bi-fold door system, creating an effortless indoor-outdoor living experience. The formal dining room features its own fireplace and additional bi-fold doors, complemented by a wet bar and an impressive 850-bottle, climate-controlled wine cellar, ideal for entertaining. Upstairs, the primary suite is a private retreat with beamed ceilings, a sitting room with Juliet balcony, and a spa-inspired bath with freestanding tub and walk-in shower. Four additional bedrooms complete the second level, two en-suite with custom built-ins and two sharing a Jack-and-Jill bath with dual vanities and a walk-in shower. Outdoor living offers multiple seating areas, a built-in stone fireplace, and a BBQ island, perfect for year-round coastal entertaining. Throughout the home, custom millwork, arched built-ins, and architectural symmetry highlight the exceptional craftsmanship. Extensive upgrades include all new windows, doors, plumbing, and end-user finishes, delivering the feel of a newly built residence.The home offers access to the unmatched Lido Isle lifestyle, featuring a private beach, yacht club, tennis and pickleball courts, water sports, and close proximity to Lido Marina Village and world-class beaches.

K
Keegan Budden
Listing Agent

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.4mi
9/10
Newport Elementary School
Public,PK-60.4mi
7/10
Horace Ensign Intermediate School
Public,7-80.5mi
7/10
Newport Harbor High School
Public,9-120.8mi

Price History

Date
Event
Price
07/02/97
Sold
$621,000
06/09/25
Sold
$7,250,000
10/17/11
Sold
$3,800,000
Condition Rating
Excellent

Despite being built in 2006, this property has been 'newly and completely renovated' with 'extensive upgrades including all new windows, doors, plumbing, and end-user finishes, delivering the feel of a newly built residence.' The kitchen features top-tier Wolf, Sub-Zero, and Miele appliances, custom cabinetry, and marble countertops, all in pristine, modern condition. Bathrooms are spa-inspired with high-end finishes, freestanding tubs, and walk-in showers. Flooring is a mix of new hardwood and stylish tile. All components appear virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Location & Community Access: Located on the exclusive Lido Isle, offering access to a private beach, yacht club, tennis/pickleball courts, water sports, and close proximity to Lido Marina Village and world-class beaches.
Extensive & Recent Renovation: Newly and completely renovated with extensive upgrades including all new windows, doors, plumbing, and high-end finishes, delivering the feel of a newly built residence.
Luxury Gourmet Kitchen & Wine Cellar: Features a chef’s showpiece gourmet kitchen with top-tier appliances (Wolf, Sub-Zero, Miele) and an impressive 850-bottle, climate-controlled wine cellar, ideal for entertaining.
Oversized Lot & Outdoor Living: Sited on a highly sought-after oversized 58-foot-wide lot, providing ample space for multiple outdoor seating areas, a built-in stone fireplace, and a BBQ island.
Sophisticated Design & Functional Layout: Blends timeless traditional architecture with California coastal elegance, featuring a dramatic two-story foyer, custom millwork, 6 bedrooms (including a main-level en-suite + office), and seamless indoor-outdoor living.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
Recently Sold Property: The property was recently sold within the past year on 2025-06-09. The sold price is $7,250,000.00.
Lack of Direct Water View/Access: While on Lido Isle, the property offers a 'Neighborhood' view and does not appear to have direct waterfront access or a private dock, which some buyers in this exclusive area might expect.
Absence of Central Air Conditioning: The property description does not explicitly mention a cooling system, which could be a consideration for comfort during warmer months, especially for a luxury residence.
Ongoing Association Fees: The property is subject to an association fee of $2400 (likely annual), which adds to the ongoing cost of homeownership.
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