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

208 Via Palermo, Newport Beach, California 92663 home-pic-0

208 Via Palermo

Newport Beach, California 92663

ACTIVE
CONDITION: EXCELLENT
6Beds
6Baths
4,669Sq Ft
5,104Lot Size

Property Price

LIST PRICE$10,650,000
EST. MARKET VALUE
$10,220,200
4% AboveMARKET VALUE

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

$10,220,200
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
208 Via Palermo
Subject
$10,650,000*
List Price
664,669$2,189-
A
205 Via Eboli
Sold
$8,999,000453,618$2,4870.4 mi
B
110 Via Trieste
Active
$10,495,000
List Price
565,507$1,9060.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

8/10

Newport Elementary School

Grades PK-6 • 0.4 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 0.5 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.04.0
96%
Baths6.04.0
91%
Square foot4,6692,609.5
87%
Lot Size5,1044,783.5
56%
Price$10.65M$4.47M
91%
Price per sq ft$2.3K$1.8K
69%
Built year20061963
83%
HOA$2400.0$0
98%
Days on market61219
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

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