
Newport Beach, California 92663
This Coastal Residential Estate represents a High-Potential Investment Opportunity, listed at $6,500,000—positioned above the $6,057,350 Fair Market Value. While currently priced for the premium location, the property offers significant upside through modernization. Featuring a Condition Rating of 4, the home requires a strategic renovation to match its unobstructed panoramic ocean and harbor views. Situated in the Newport Mesa Unified district, this asset is ideal for Value-Add Investors or Owner-Occupants seeking to create a bespoke coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2311 Cliff Drive Subject 2 bd · 4 ba · 3,876 sqft · $1,563 | $6,500,000* List Price | 2 | 4 | 3,876 | $1,563 | - |
A 701 Kings Road Sold 3 bd · 3 ba · 4,264 sqft · $1,735 · 0.5 mi | $7,400,000 | 3 | 3 | 4,264 | $1,735 | 0.5 mi |
B 520 Kings Sold 4 bd · 4 ba · 4,173 sqft · $1,411 · 0.7 mi | $5,890,000 | 4 | 4 | 4,173 | $1,411 | 0.7 mi |
C 101 Kings Place Sold 4 bd · 4 ba · 3,479 sqft · $1,437 · 0.7 mi | $5,000,000 | 4 | 4 | 3,479 | $1,437 | 0.7 mi |
D 521 Kings Road Pending 4 bd · 4 ba · 4,474 sqft · $1,721 · 0.6 mi | $7,699,000 List Price | 4 | 4 | 4,474 | $1,721 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this 50-year-old property is well-maintained but significantly dated. While the home is functional and move-in ready, the bathrooms show older tile-work, mirrored walls, and vanity styles consistent with a 20-30+ year old renovation. The presence of original brick flooring and the listing's emphasis on 'significant potential' and 'reimagining' the estate confirm that while livable, the systems and finishes require modernization to meet current luxury standards.
The property features rare, unobstructed sit-down views of the Pacific Ocean, Newport Harbor, and Catalina Island, providing significant long-term value and prestige.
With nearly 3,900 square feet, soaring ceilings, and a seamless transition to an oversized terrace, the home is perfectly designed for high-end indoor-outdoor living.
Situated on coveted Cliff Drive near John Wayne Park, the property offers an elite coastal lifestyle with convenient access to top-rated schools, beaches, and luxury dining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Despite the large square footage, the home only offers two bedrooms, which may restrict its appeal to larger families or buyers seeking more guest accommodations.
Built in 1974 and marketed for its 'potential,' the residence likely requires significant modernization or a complete reimagining to align with current luxury market expectations.
Unobstructed sit-down views of the Pacific Ocean, Newport Harbor and Catalina Island define this elevated coastal residence on coveted Cliff Drive. Encompassing approximately 3,876 square feet on a 7,762 square foot lot, the two bedroom, three and one half bath home features generous proportions, abundant natural light and significant potential, offering a compelling opportunity to enjoy today while tailoring select elements over time. The main level opens with a dramatic foyer featuring soaring ceilings and brick flooring. A spacious living room centered around a fireplace captures the sweeping coastal panorama, while the kitchen opens to a second fireside gathering area. Dedicated dining and entertaining spaces extend to an oversized terrace, creating a seamless connection between the interiors and the outdoors. The upper level presents a substantial bonus room with a wet bar and commanding vistas extending across Newport Harbor to the ocean and Catalina Island. Flexible in use, the space provides an impressive setting for recreation, entertaining or relaxation while enjoying colorful sunsets and boats moving through the harbor. The lower level features two en-suite bedrooms, including an oversized primary suite with a large walk-in closet and access to a private deck. Additional highlights include multiple outdoor areas and a three car garage. Ideally positioned near John Wayne Park and Newport Harbor, the property provides convenient access to local schools, beaches, shopping, dining and the Balboa Peninsula. Whether enjoyed in its current form, thoughtfully reimagined or envisioned as a custom estate, this remarkable property represents a rare opportunity to create a distinctive residence in one of Newport Beach’s most desirable locations.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 4.0 | 3.5 |
| Square foot | 3,876 | 2,652.074 |
| Lot Size | 7,762 | 6,056.485 |
| Price | $6.50M | $4.19M |
| Price per sq ft | $1.7K | $1.6K |
| Built year | 1974 | 1972 |
| HOA | $0 | $463 |
| Days on market | 10 | 70 |
Oct 15, 2026
$6,500,000
Initial Listing