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

2117 Miramar Drive
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 2117 Miramar Drive, Newport Beach, California 92661 reveals a Fairly Priced Property with a current list price of $4,950,000 aligned with the estimated $5,052,324 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 2117 Miramar Drive Subject | $4,950,000* List Price | 4 | 4 | 2,352 | $2,148 | - |
A 1577 Miramar Drive Sold | $4,650,000 | 4 | 4 | 2,558 | $1,818 | 0.3 mi |
B 332 L Street Sold | $3,950,000 | 3 | 3 | 1,753 | $2,253 | 0.2 mi |
C 1585 Miramar Active | $4,550,000 List Price | 4 | 3 | 2,630 | $1,730 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1981, the property has undergone extensive, high-quality renovations, as explicitly stated in the description and evidenced by the images. The kitchen features modern white shaker cabinets, granite countertops, and high-end Sub-Zero and stainless steel appliances, all appearing virtually new. Bathrooms are spa-like with modern fixtures, freestanding tubs, glass-enclosed showers, and illuminated mirrors. Flooring, lighting, and other finishes throughout the home are contemporary and in pristine condition, indicating a recent and comprehensive update. Major systems like heating and air conditioning are also new, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Nestled on one of Peninsula Point's most desirable streets, the property is just one block from the bay, beach, the Wedge, and West Jetty View park, offering unparalleled access to Newport Beach's iconic attractions and coastal lifestyle.
- Turnkey & Remodeled Condition
The residence is beautifully remodeled and turnkey-furnished, blending timeless style with modern comforts, making it move-in ready for a primary residence or luxury vacation retreat.
CONSRISKS & DEFICIENCIES
- 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.
- Compact Lot Size
With a lot size of 2450 sqft, the property offers limited outdoor space beyond the patios and roof deck, which might be a consideration for buyers seeking larger grounds or extensive landscaping.
- Property Age
Built in 1981, the underlying structure is over 40 years old. While extensively remodeled, some buyers may prefer newer construction or have concerns about potential long-term maintenance associated with an older build.
About 2117 Miramar Drive
Nestled on one of Peninsula Point's most desirable streets, one block from the bay, beach, the Wedge, and the West Jetty View park, this beautifully remodeled and turnkey-furnished primary residence or luxury vacation retreat perfectly blends timeless style with modern comforts. The inviting main living area flows seamlessly into the dining space, creating a warm, sophisticated ambiance--French doors open to a spacious patio, ideal for morning coffee or evening gatherings. The open-concept kitchen features granite countertops, a Sub-Zero refrigerator, and direct access to a second outdoor patio with its own built-in fireplace--perfect for alfresco dining. Bathed in natural light, the home offers four bedrooms and three and a half bathrooms. The tranquil primary suite boasts its own fireplace, a spa-like en-suite bath with a BainUltra massage tub, and a custom walk-in closet. A standout feature is the expansive, fully renovated roof deck finished with elegant copper trim. This versatile space provides panoramic views of the water, city lights, and breathtaking sunsets, making it ideal for entertaining or quiet relaxation. Additional highlights include a three-car direct-access garage, slate roof, skylights, custom stainless steel handrails inside and out, weather-resistant windows and a garage door, a new quiet, high-efficiency heater, a weather-resistant air conditioner, custom closets, and an outdoor shower. Home is located minutes from Balboa Pier, Balboa Island Ferry, the historic Fun Zone, Peninsula Point Racquet Club, and Lido Marina Village--offering you the best of Newport Beach's coastal lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 2,450 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 2.1 mi
Horace Ensign Intermediate School
Grades 7-8 • 2.4 mi
Newport Harbor High School
Grades 9-12 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,352 | 2,315 | 52% |
| Lot Size | 2,450 | 2,614 | 48% |
| Price | $4.95M | $4.50M | 55% |
| Price per sq ft | $2.1K | $2.5K | 39% |
| Built year | 1981 | 1981 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 177 | 6% |
Pricing History
Listed for Sale
Jan 1, 2026
$4,950,000
Initial Listing
Sold
May 24, 2010
$1,620,000
Public Record
Sold
Sep 12, 2003
$1,550,000
Public Record







































