24 Fairway, Newport Coast, California 92657, Newport Coast, 92657 - 6 bed, 9 bath

24 Fairway, Newport Coast, California 92657 home-pic-0

24 Fairway

Newport Coast, California 92657

ACTIVE
CONDITION: EXCELLENT
6Beds
9Baths
8,834Sq Ft
19,166Lot Size

Property Price

LIST PRICE$32,800,000
EST. MARKET VALUE
$36,719,560
10% BelowMARKET VALUE

SUMMARY

Analysis of 24 Fairway, Newport Coast, California 92657 reveals a Prime Investment Opportunity with a current list price of $32,800,000—significantly undercutting the $36,719,560 Fair Market Value by 10%. This valuation gap indicates a +$3,919,560 Instant Equity potential for buyers. 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 Coast 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

$36,719,560 +$3,919,560 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Newport Coast.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
24 Fairway
Subject
$32,800,000*
List Price
698,834$4,157-
A
18 Sail Vista
Active
$34,900,000
List Price
687,543$4,6270.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This estate has undergone a comprehensive, master-level renovation that effectively makes it a brand-new home. The interior features high-end finishes including Venetian plaster, bespoke oak paneling, and wide-plank flooring. The kitchen is a modern masterpiece with waterfall-edge stone islands and integrated professional-grade appliances, while the bathrooms are clad in exotic stone with contemporary fixtures. With a newly installed mini-pebble pool, a massive 12-car subterranean garage, and seamless bifold doors for indoor-outdoor living, the property meets the highest standards of luxury and modern construction with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).

  • Premier Front-Row Views

    The estate occupies a coveted front-row position in Pelican Hill, offering rare, unobstructed panoramic views of the Pacific Ocean and the world-class golf course.

  • Elite Car Collector Facility

    A massive 3,156-square-foot subterranean garage accommodates up to 12 vehicles, providing an exceptional and rare amenity for high-end automotive enthusiasts.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19166, other record lot size in square feet = 18500.

  • Aggressive Market Pricing

    The listing price of $32.8 million represents a massive appreciation from its 2021 sale price of $8.8 million, which may challenge appraisal values despite the extensive remodel.

  • High Carrying Costs

    Prospective owners face substantial ongoing expenses, including a $1,080 monthly association fee and significant property taxes associated with the high valuation.

About 24 Fairway

MASTERFULLY REMODELED. TURN KEY. FRONT ROW OCEAN & GOLF COURSE VIEWS. Commanding a premier front row position within the prestigious guard-gated enclave of Pelican Hill, 24 Fairway Point is a fully reimagined coastal estate offering unobstructed ocean and golf course views. Transformed through a comprehensive renovation, this stunning home blends modern luxury with exceptional craftsmanship. A true sense of arrival begins at the dramatic steel entry doors, opening to a voluminous double-height foyer that immediately sets the tone. Custom chandeliers, bespoke oak paneling, and Venetian plaster walls frame a breathtaking grand entry. Just off the foyer, a striking two-story library with a marble fireplace provides an intimate retreat overlooking the beautifully manicured front grounds. A coveted architectural advantage distinguishes this home from others in Pelican Hill: the resort-style backyard sits directly off the main living level. Walls of bifold doors create seamless indoor-outdoor living, allowing the great room, dining area, and chef’s kitchen to flow effortlessly onto a limestone terrace. Framed by ocean and fairway views, the backyard features a new mini pebble pool and spa, outdoor fireplace, and oversized BBQ island, creating a true main-level resort experience. A refined guest suite completes the main floor. The functional floor plan continues upstairs with four generously sized bedroom suites, including a stunning primary retreat positioned to capture sweeping coastal sunsets. The primary suite showcases custom millwork and a spa-like bath clad in exotic stone, while three additional bedrooms, each featuring ensuite baths and distinct, thoughtfully curated design elements round out the upper level. The lower floor is designed for both entertainment, featuring a temperature-controlled wine cellar, expansive flex space for theater or gym use, and a secluded and spacious sixth bedroom suite. Completing the home is an extraordinary 3,156 square foot 12-car subterranean garage—an exceptional and rare offering ideal for collectors or recreational vehicles. Ideally located moments from Fashion Island, Crystal Cove State Beach, award-winning schools, and the world renown Pelican Hill Resort and Golf Club, 24 Fairway Point represents a rare opportunity to own a fully renovated estate with grand scale and unobstructed front row views in Southern California’s most coveted coastal communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2006
Lot Size
19,166 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
9 (9 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$1080.0 / Month

Neighborhood Insights

Newport Coast Unified Schools

Harbor View Elementary School

Grades PK-6 • 1.2 mi

9/10

Newport Coast Elementary School

Grades PK-6 • 1.7 mi

9/10

El Morro Elementary School

Grades K-5 • 3.6 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.04.0
93%
Baths9.05.0
90%
Square foot8,8344,000
88%
Lot Size19,1669,376
86%
Price$32.80M$8.57M
95%
Price per sq ft$3.7K$1.7K
98%
Built year20062001
81%
HOA$1080.0$541
90%
Days on market44180
2%

Pricing History

Listed for Sale

Jan 22, 2026

$32,800,000

Initial Listing

Sold

Jun 3, 2024

$1,592,000

Public Record

Sold

Jul 23, 2021

$8,800,000

Public Record

Sold

Oct 30, 2015

$9,100,000

Public Record

Sold

Jul 7, 2006

$8,750,000

Public Record

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