2238 Channel Road, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath
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Newport Beach, California 92661
This Bayfront Luxury Estate is a High-Potential Investment Opportunity, listed at $13,900,000—positioned slightly above the $13,551,256 Fair Market Value. While the property requires aesthetic updates to its Fair Condition Rating to match modern luxury standards, it offers elite Harbor Frontage with a 2025 Rebuilt Private Dock. Located in the prestigious Peninsula Point neighborhood near Newport Elementary (9/10), this home provides a rare waterfront lifestyle. It is an ideal acquisition for Luxury Homeowners seeking a custom renovation project or High-Net-Worth Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 Channel Road Subject | $13,650,000 | 5 | 6 | 4,477 | $3,027 | - |
A 1201 E Balboa Active | $10,895,000 List Price | 5 | 5 | 4,111 | $2,650 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, which falls into the 'Fair' category (>20y). While the home is a high-end luxury estate and appears meticulously maintained with a rebuilt dock (2025), the kitchen and interior finishes—specifically the cherry-toned cabinetry and speckled granite—are original to the 2003 construction and are now considered dated, likely requiring aesthetic updates to meet current modern luxury standards.
Elementary School: Newport Elementary School (9/10).
The property features 45 feet of harbor frontage and a private dock rebuilt in 2025 that accommodates multiple vessels, offering an elite lifestyle for yachting enthusiasts.
The 4,477 sqft home boasts high-end finishes including Walker Zanger tile, Viking appliances, and a functional layout with five en-suite bedrooms and a dedicated media room.
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.
With a 4,477 sqft structure on a 4,500 sqft lot, the property lacks a traditional backyard, relying instead on the entry courtyard and bayfront terrace.
While the home features refined finishes, the 20-year-old construction may require aesthetic updates to compete with the ultra-modern new builds often found at this price point.
Ideally positioned on the coveted Peninsula Point, this exceptional bayfront home offers 45 feet of frontage on Newport Harbor and 4477 square feet of thoughtfully designed living space, complemented by a three-car garage. A private, lushly landscaped entry courtyard with a tranquil water feature creates a warm and inviting first impression. Refined finishes throughout include hardwood flooring, natural stone, granite, and designer tile selections from Walker Zanger and Ann Sacks. Designed for both effortless living and entertaining, the chef’s kitchen opens seamlessly to the expansive great room and is appointed with Viking appliances and a spacious walk-in pantry. The home features five bedrooms, each with their own bath, a desirable main-level guest suite, as well as a dedicated media room. The luxurious primary suite offers glorious bay views, a private office, fireplace, spa-inspired bath, and dual walk-in closets. Capturing sweeping views of Newport Harbor and the vibrant yachting activity near the harbor entrance, the bayfront terrace and private pier provide an exceptional setting for waterfront entertaining, dining al fresco, or simply enjoying the coastal lifestyle. The private dock, rebuilt in July 2025, will accommodate multiple vessels.
No exterior & parking available.
Grades PK-6 • 2.2 mi
Grades 7-8 • 2.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 6.0 | 4.0 | 78% |
| Square foot | 4,477 | 2,922 | 83% |
| Lot Size | 4,500 | 3,058 | 78% |
| Price | $13.65M | $6.42M | 78% |
| Price per sq ft | $3.0K | $2.4K | 70% |
| Built year | 2003 | 1990 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 157 | 9% |
May 14, 2026
$13,900,000
Initial Listing
Aug 23, 2005
$6,100,000
Public Record