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

208 Via Palermo
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 208 Via Palermo, Newport Beach, California 92663 reveals a property with a current list price of $10,650,000, which is 4% above the estimated $10,220,200 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 208 Via Palermo Subject | $10,650,000* List Price | 6 | 6 | 4,669 | $2,189 | - |
A 205 Via Eboli Sold | $8,999,000 | 4 | 5 | 3,618 | $2,487 | 0.4 mi |
B 110 Via Trieste Active | $10,495,000 List Price | 5 | 6 | 5,507 | $1,906 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a complete, high-end renovation featuring top-tier appliances (Wolf, Sub-Zero, Miele), new plumbing, windows, and custom finishes throughout, providing the quality and feel of a brand-new luxury residence.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Comprehensive Modern Renovation
The home has undergone an extensive top-to-bottom renovation including new plumbing, windows, and high-end finishes, offering the turnkey experience and aesthetic of a brand-new residence.
- Exceptional Lot Width
Situated on a rare 58-foot-wide lot, the property provides a sense of scale and architectural volume, including a dramatic two-story foyer, that is difficult to find within the Lido Island enclave.
CONSRISKS & DEFICIENCIES
- 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.
- Limited View Profile
Despite the premium price point exceeding $10 million, the property offers only neighborhood views rather than the bay or ocean vistas typically expected by buyers in this luxury bracket.
About 208 Via Palermo
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 5,104 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2400.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 0.4 mi
Newport Elementary School
Grades PK-6 • 0.4 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 96% |
| Baths | 6.0 | 4.0 | 91% |
| Square foot | 4,669 | 2,609.5 | 87% |
| Lot Size | 5,104 | 4,783.5 | 56% |
| Price | $10.65M | $4.47M | 91% |
| Price per sq ft | $2.3K | $1.8K | 69% |
| Built year | 2006 | 1963 | 83% |
| HOA | $2400.0 | $0 | 98% |
| Days on market | 61 | 219 | 13% |
Pricing History
Listed for Sale
Feb 11, 2026
$10,650,000
$10,995,000
-3% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$10,995,000
$11,250,000
-2% Price Drop
Initial Listing
Price Change
Jan 5, 2026
$11,250,000
Initial Listing
Sold
Jun 9, 2025
$7,250,000
Public Record
Sold
Oct 17, 2011
$3,800,000
Public Record
Sold
Jul 2, 1997
$621,000
Public Record






















