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2238 Channel Road, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath

2238 Channel Road, Newport Beach, California 92661 home-pic-0
ACTIVE$14,500,000
2238 Channel Road, Newport Beach, California 92661
5Beds
6Baths
4,477Sqft
4,500Lot

Price Vs. Estimate

The estimated value ($14,500,000) is $0 (0%) lower than the list price ($14,500,000). 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 = 4500, living area = 4477.

Compared to the nearby listings

Price:$14.50M vs avg $4.22M (+$10,275,000)92%
Size:4,477 sqft vs avg 2,046 sqft92%
Price/sqft:$3.2K vs avg $2.8K62%

More Insights

Built in 2003 (22 years old).
Condition: Built in 2003, this property is exceptionally well-maintained and features high-end, durable materials throughout, including hardwood floors, natural stone, granite, and designer tiles. The kitchen is equipped with quality Viking appliances and granite countertops, while the bathrooms are luxurious with quality tiling and fixtures, including a jetted tub. Although the property is 21 years old, its pristine condition, high-quality finishes, and the recent addition of a brand new dock indicate meticulous upkeep and a move-in ready state with no immediate renovations required, aligning with the 'Good' condition criteria.
Year Built
2003
Close
-
List price
$14.5M
Original List price
$14.5M
Price/Sqft
$3,239
HOA
-
Days on market
-
Sold On
-
MLS number
NP25178189
Home ConditionGood
Features
Excellent View: Bay, Harbor
Deck
ViewBay, Harbor

About this home

Paradise on the sought after Peninsula Point bayfront! Spanning 45 feet on the bay, this beautifully detailed Craftsman influenced home offers approximately 4400 sq ft of living area plus a 3 car garage. You enter through a private entry path that is lushly landscaped and features a soothing water feature. Hardwood floors, natural stone, granite, Walker Zanger & Ann Sacks tile are just some of the quality finishes. A cook’s kitchen is open to the great room and features Viking appliances and a walk in pantry. 5 bedrooms total with 1 bedroom on the first level plus a media room. Each bedroom features a private bathroom. The primary suite includes an adjoining retreat/office, fireplace, luxurious bath and walk in closet. The pier and bayfront terrace is the perfect setting for dining al fresco or taking in the stunning expansive views of yachting activity near the entrance to Newport Harbor. A brand new dock completed in July is awaiting your vessel.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•2.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.4mi
7/10
Newport Harbor High School
Public,•9-12•2.5mi
Condition Rating
Good
Built in 2003, this property is exceptionally well-maintained and features high-end, durable materials throughout, including hardwood floors, natural stone, granite, and designer tiles. The kitchen is equipped with quality Viking appliances and granite countertops, while the bathrooms are luxurious with quality tiling and fixtures, including a jetted tub. Although the property is 21 years old, its pristine condition, high-quality finishes, and the recent addition of a brand new dock indicate meticulous upkeep and a move-in ready state with no immediate renovations required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Unrivaled Bayfront Location & Views: The property boasts 45 feet of direct bay frontage in the highly sought-after Peninsula Point, offering stunning, expansive views of Newport Harbor and yachting activity.
Private, Brand-New Dock: A significant and highly valuable amenity, the property includes a brand-new private dock, providing immediate and convenient water access for a vessel.
Exceptional Interior Finishes & Amenities: Features high-end materials such as hardwood floors, natural stone, granite, Walker Zanger & Ann Sacks tile, Viking appliances, a gourmet kitchen, and a dedicated media room.
Spacious & Thoughtful Layout: With approximately 4400 sq ft, the home offers 5 bedrooms, each with a private bathroom, including a desirable first-level bedroom and a luxurious primary suite with an adjoining retreat/office.
Strong Curb Appeal & Architectural Detail: The beautifully detailed Craftsman-influenced architecture is complemented by a private, lushly landscaped entry path and a soothing water feature, creating an inviting first impression.

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 = 4500, living area = 4477.
Premium Price Point: The $14.5 million listing price targets a very exclusive market segment, potentially limiting the pool of qualified buyers.
Compact Lot Size: With a 4500 sqft lot supporting a nearly equally sized home (4477 sqft), traditional yard space is likely minimal, which may not suit buyers desiring larger outdoor recreational areas beyond the bayfront terrace.
Absence of Explicit Cooling System: The property description does not explicitly mention an air conditioning system, which is a standard expectation for luxury homes in Southern California and could be a point of concern for potential buyers.

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