2117 Miramar Drive, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 4 bath

2117 Miramar Drive, Newport Beach, California 92661 home-pic-0
ACTIVE$5,750,000
2117 Miramar Drive, Newport Beach, California 92661
4Beds
4Baths
2,352Sqft
2,450Lot

Price Vs. Estimate

The estimated value ($4,541,501.9) is $1,208,498.1 (21%) lower than the list price ($5,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2450, living area = 2352.

Compared to the nearby listings

Price:$5.75M vs avg $4.22M (+$1,525,000)58%
Size:2,352 sqft vs avg 2,046 sqft62%
Price/sqft:$2.4K vs avg $2.7K42%

More Insights

Built in 1981 (44 years old).
Condition: This property, though built in 1981, has undergone a 'beautifully custom remodeled' transformation, as explicitly stated in the description and visually confirmed by the high-quality images. The kitchen features modern white shaker cabinets, granite countertops, and a Sub-Zero refrigerator, presenting a stylish and functional space. All bathrooms are extensively updated with contemporary vanities, fixtures, and luxurious elements like a Bain Ultra soaking tub and large walk-in showers with modern tiling. Flooring consists of light wood-look tile in living areas and clean, modern carpeting in bedrooms. The 'completely remodeled rooftop deck' with a modern pergola further highlights recent, high-end upgrades. While central air conditioning is not explicitly mentioned, the overall condition, refined finishes, and extensive renovations bring this home to a virtually new standard, meeting current quality expectations with no apparent deferred maintenance.
Year Built
1981
Close
-
List price
$5.75M
Original List price
$6.85M
Price/Sqft
$2,445
HOA
-
Days on market
-
Sold On
-
MLS number
219126504DA
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Panoramic
Deck
ViewBay,City Lights,Panoramic

About this home

Nestled on a highly desirable block in the coveted Balboa Peninsula Point neighborhood, this beautifully custom remodeled and well maintained home is just steps from the bay, beach, the world famous Wedge, and waterfront West Jetti View Park. Offering an exceptional opportunity to experience the epitome of Newport Beach's coastal lifestyle, this residence is a perfect retreat--whether as a primary family home or a luxurious vacation getaway. Ideally situated, the home provides access to Peninsula Point beaches, the iconic Wedge, Balboa Pier, Balboa Island Ferry, the historic Balboa Fun Zone, the Peninsula Point Racquet Club, land Lido Marina Village. Inside, the inviting main living space flows seamlessly into the dining area, creating a warm yet sophisticated ambiance. French doors open to a charming brick patio, extending the living space outdoors--an ideal setting for morning coffee by the fireplace or evening gatherings. The open-concept kitchen is both functional and stylish, featuring granite countertops, Sub-Zero refrigerator, and direct access to the patio for alfresco dining. Thoughtfully designed, the home offers abundant natural light and airy with four bedrooms, and three-and-a-half bathrooms. Each cozy bedroom serves as a private sanctuary with refined finishes. The large primary suite with fireplace is a true retreat, boasting a spa-like en-suite bath with a luxurious Bain Ultra soaking tub and a custom walk-in closet designed for ultimate organization. One of the home's most coveted features is the large completely remodeled rooftop deck with copper trim, offering stunning panoramic views--including breathtaking sunsets, as well as city and water vistas. Additional highlights included a rare three-car direct-access garage providing ample parking and storage, slate roof, side ramp for wheelchair access to kitchen and dining area, custom doors, closets, windows and window coverings, custom stainless steel handrails, outdoor heater and fireplace features, outdoor shower, and more. Property is offered turnkey furnished.

Nearby schools

9/10
Newport Elementary School
Public,PK-62.1mi
7/10
Horace Ensign Intermediate School
Public,7-82.4mi
7/10
Newport Harbor High School
Public,9-122.5mi
Condition Rating
Excellent

This property, though built in 1981, has undergone a 'beautifully custom remodeled' transformation, as explicitly stated in the description and visually confirmed by the high-quality images. The kitchen features modern white shaker cabinets, granite countertops, and a Sub-Zero refrigerator, presenting a stylish and functional space. All bathrooms are extensively updated with contemporary vanities, fixtures, and luxurious elements like a Bain Ultra soaking tub and large walk-in showers with modern tiling. Flooring consists of light wood-look tile in living areas and clean, modern carpeting in bedrooms. The 'completely remodeled rooftop deck' with a modern pergola further highlights recent, high-end upgrades. While central air conditioning is not explicitly mentioned, the overall condition, refined finishes, and extensive renovations bring this home to a virtually new standard, meeting current quality expectations with no apparent deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Nestled in the coveted Balboa Peninsula Point, the home is steps from the bay, beach, the world-famous Wedge, and West Jetti View Park, offering unparalleled access to Newport Beach's iconic coastal attractions and lifestyle.
Panoramic Rooftop Deck: A large, completely remodeled rooftop deck with copper trim provides stunning panoramic views of sunsets, city lights, and water, serving as a highly desirable outdoor living and entertaining space.
Extensive Custom Remodel & High-End Finishes: The property boasts a beautifully custom remodeled interior with refined finishes, including an open-concept kitchen with granite countertops and a Sub-Zero refrigerator, a spa-like primary bath with a Bain Ultra soaking tub, and custom doors, closets, and window coverings throughout.
Rare Three-Car Garage: A rare three-car direct-access garage provides ample parking and storage, a significant advantage in a dense coastal neighborhood where parking can be limited.
Turnkey & Accessibility Features: Offered turnkey furnished, the home is ready for immediate occupancy, and includes a practical side ramp for wheelchair access to the kitchen and dining area, enhancing its appeal and convenience.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2450, living area = 2352.
Significant Price Discrepancy & Reduction: The current list price of $5.75M is considerably higher than the property's estimated value of $4.54M, and it has already undergone a substantial price reduction from its original $6.85M, indicating potential overpricing or market resistance.
Lack of Mentioned Central Air Conditioning: The property description does not specify the presence of a central air conditioning system, which could be a significant drawback for a luxury home in Southern California, especially given the 1981 build year.
Limited Traditional Yard Space: Despite a charming brick patio and a rooftop deck, the 2450 sqft lot size is relatively compact, offering limited traditional ground-level yard space, which might not appeal to all buyers seeking expansive outdoor areas.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state