2401 Bayshore Drive, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 5 bath

2401 Bayshore Drive, Newport Beach, California 92663 home-pic-0
ACTIVE$16,995,000
2401 Bayshore Drive, Newport Beach, California 92663
4Beds
5Baths
4,292Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($16,995,000) is $0 (0%) lower than the list price ($16,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Community: Situated in the highly coveted guard-gated Bayshores community in Newport Beach, offering exclusive amenities such as 24/7 security, two private beaches, access to boat dock slips, and a private walking gate to Balboa Bay Resort/Club.
Top Cons:
Substantial Price Reductions: The property has undergone significant price reductions from its original list price of $21.995M to $16.995M, which may indicate market resistance or an initial overvaluation.

Compared to the nearby listings

Price:$17.00M vs avg $4.45M (+$12,545,000)97%
Size:4,292 sqft vs avg 2,456 sqft90%
Price/sqft:$4.0K vs avg $1.8K95%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024 and is described as 'newly renovated and expanded,' meeting the criteria for an excellent rating. The images confirm a pristine, modern aesthetic throughout, featuring a chef's kitchen with top-tier appliances, custom cabinetry, and a waterfall edge island. Bathrooms are spa-caliber, and all fixtures, flooring (light wood), and finishes are new and high-end. The home also boasts Savant full home automation, indicating state-of-the-art electrical systems and overall quality.
Year Built
2024
Close
-
List price
$17M
Original List price
$22M
Price/Sqft
$3,960
HOA
$635
Days on market
-
Sold On
-
MLS number
OC25113494
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Harbor, Water
Spa
Patio
ViewBay,City Lights,Harbor,Water

About this home

Situated on a rare 50-foot-wide corner lot, this newly renovated and expanded home offers a refined yet relaxed lifestyle complete with private beach and bay views and seamless indoor-outdoor living in the heart of one of Newport Beach's most coveted guard-gated bay front communities. The open concept floor plan includes bi-folding doors along the entire first floor showcasing the private beach and bay views. The chef’s kitchen is outfitted with top-tier appliances, refrigerated wine storage, custom cabinetry, large center island and an additional island for casual dining. An entertainer’s dream bar with a custom double waterfall edge, bay views, and wine and beverage refrigerators with an ice maker is perfect for both entertaining and everyday luxury. Upstairs, a versatile great room/media room offers flexible living space, while the primary suite boasts a spa-caliber bath and oversized custom closet. Additional highlights include Savant full home automation; an oversized spa, fire pit, and bi-folding doors; and an oversized garage with expanded storage. The community also features 24/7 guard-gated security, two private beaches, access to boat dock slips, multiple children’s playgrounds, volleyball, and a private walking gate to Balboa Bay Resort/Club and water sport amenities. This is a rare opportunity to own a truly turn-key coastal home in one of Newport’s most sought-after enclaves. The property is also being offered for lease at $60,000 a month.

Condition Rating
Excellent

This property was built in 2024 and is described as 'newly renovated and expanded,' meeting the criteria for an excellent rating. The images confirm a pristine, modern aesthetic throughout, featuring a chef's kitchen with top-tier appliances, custom cabinetry, and a waterfall edge island. Bathrooms are spa-caliber, and all fixtures, flooring (light wood), and finishes are new and high-end. The home also boasts Savant full home automation, indicating state-of-the-art electrical systems and overall quality.
Pros & Cons

Pros

Prime Location & Community: Situated in the highly coveted guard-gated Bayshores community in Newport Beach, offering exclusive amenities such as 24/7 security, two private beaches, access to boat dock slips, and a private walking gate to Balboa Bay Resort/Club.
Brand New Renovation & Expansion: Completed in 2024, the home is newly renovated and expanded, providing a turn-key, modern living experience with contemporary design and features, eliminating immediate maintenance concerns.
Exceptional Bay Views & Indoor-Outdoor Flow: Offers private beach and bay views, enhanced by bi-folding doors along the entire first floor, creating seamless indoor-outdoor living ideal for entertaining and enjoying the coastal environment.
High-End Luxury Finishes & Smart Home Technology: Features a chef's kitchen with top-tier appliances, an entertainer's dream bar, Savant full home automation, and a primary suite with a spa-caliber bath and oversized custom closet, reflecting premium quality.
Rare Corner Lot & Outdoor Amenities: Positioned on a rare 50-foot-wide corner lot, the property includes an oversized spa, fire pit, and an oversized garage with expanded storage, maximizing outdoor enjoyment and practical utility.

Cons

Substantial Price Reductions: The property has undergone significant price reductions from its original list price of $21.995M to $16.995M, which may indicate market resistance or an initial overvaluation.
Limited Buyer Pool: The ultra-luxury price point of nearly $17 million targets a very exclusive and limited buyer demographic, potentially extending the property's market time.
Ongoing Association Fees: A monthly association fee of $635 adds to the recurring costs of ownership, which, while standard for such high-end communities, is an additional financial commitment for buyers.

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