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25 Spinnaker, Newport Coast, California 92657, Newport Coast, 92657 - 5 bed, 7 bath

25 Spinnaker, Newport Coast, California 92657 home-pic-0
ACTIVE$29,950,000$8,010/sqft
Est. Value: $31,550,646
5%
BelowEstimate
25 Spinnaker, Newport Coast, California 92657
5Beds
7Baths
8,010Sqft
20,857Lot

Price Vs. Estimate

The estimated value ($31,550,645.78) is $1,600,645.78 (5%) higher than the list price ($29,950,000). This property may be underpriced.

Key pros and cons

Top Pros:
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).
Top Cons:
Significant Price Reduction: The property has undergone a substantial price reduction of $1,550,000 from its original list price, which may suggest initial overpricing or market adjustments.

Compared to the nearby listings

Price:$29.95M vs avg $7.44M (+$22,512,500)94%
Size:8,010 sqft vs avg 3,887.5 sqft88%
Price/sqft:$3.7K vs avg $1.7K98%

More Insights

Built in 2018 (8 years old).
Condition: This property was custom-built in 2018, making it only 6 years old. The description explicitly states 'modern innovation,' 'exceptional craftsmanship,' 'professional-grade Wolf appliances,' 'custom cabinetry,' 'state-of-the-art movie theater,' and 'new air purification scrub filters.' The images confirm a pristine, high-end, and contemporary design throughout, particularly in the kitchen and bathrooms, with virtually new components, modern finishes, and no signs of wear or deferred maintenance. All aspects meet current quality standards.
Year Built
2018
Close
-
List price
$29.95M
Original List price
$29.95M
Price/Sqft
$3,739
HOA
$945
Days on market
-
Sold On
-
MLS number
OC26004736
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Ocean, Water
Deck
Patio
ViewCity Lights,Coastline,Ocean,Water

About this home

**REDUCED BY $1,550,000 FROM ORIGINAL LIST PRICE** Creative Seller Financing available. Positioned at the end of an exclusive cul-de-sac within the guard-gated enclave of Crystal Cove, 25 Spinnaker unveils a rare blend of architectural refinement, modern innovation, and coastal grandeur. Custom-built in 2018, this ~8,010 square foot contemporary estate is thoughtfully sited on a ~20,800+ square foot parcel, capturing uninterrupted vistas of the Pacific Ocean, Catalina Island, and Newport Harbor from nearly every vantage point. Every element of this residence reflects exceptional craftsmanship and purposeful design. The open concept layout harmonizes grand scale living with effortless indoor-outdoor flow. Light-filled interiors reveal five en-suite bedrooms, including a main-level junior suite ideal for guests or multigenerational living, alongside 7 designer bathrooms, a sophisticated executive office, and an upstairs bonus lounge. Curated with distinction, the home features a fully equipped state-of-the-art movie theater, whole-house water filtration system, and new air purification scrub filters ensuring unparalleled comfort and wellness. The chef’s kitchen integrates professional-grade Wolf appliances, custom cabinetry, and a generous center island designed for both culinary artistry and entertaining. A private gated entry introduces the estate, opening to a grand motor court and a four-car garage equipped with custom built-in cabinetry and direct access to the residence. The surrounding grounds showcase lush, low-maintenance landscaping and provide a resort-like setting that creates the perfect setting for relaxation and entertaining, all complemented by sweeping ocean breezes and breathtaking panoramic coastal views. A testament to modern coastal luxury, 25 Spinnaker delivers privacy, prestige, and perfection. Just moments from the world-class dining, boutiques, and beaches that define the Newport Coast lifestyle.

P
Paul Daftarian
Listing Agent

Nearby schools

9/10
Newport Coast Elementary School
Public,•PK-6•1.5mi
9/10
El Morro Elementary School
Public,•K-5•2.1mi
9/10
Harbor View Elementary School
Public,•PK-6•2.9mi
9/10
Thurston Middle School
Public,•6-8•4.3mi
9/10
Laguna Beach High School
Public,•9-12•4.0mi
9/10
Corona Del Mar High School
Public,•7-12•4.6mi

Price History

Date
Event
Price
12/28/17
Sold
$9,300,000
02/19/16
Sold
$2,600,000
Condition Rating
Excellent
This property was custom-built in 2018, making it only 6 years old. The description explicitly states 'modern innovation,' 'exceptional craftsmanship,' 'professional-grade Wolf appliances,' 'custom cabinetry,' 'state-of-the-art movie theater,' and 'new air purification scrub filters.' The images confirm a pristine, high-end, and contemporary design throughout, particularly in the kitchen and bathrooms, with virtually new components, modern finishes, and no signs of wear or deferred maintenance. All aspects meet current quality standards.
Pros & Cons

Pros

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).
Panoramic Ocean & Coastal Views: The property offers uninterrupted vistas of the Pacific Ocean, Catalina Island, and Newport Harbor from nearly every vantage point, providing a premium coastal living experience.
Exclusive Guard-Gated Community & Location: Situated at the end of an exclusive cul-de-sac within the prestigious, guard-gated Crystal Cove enclave, ensuring privacy, security, and a highly desirable address.
Modern Custom-Built Estate with High-End Amenities: A 2018 custom-built contemporary home featuring a state-of-the-art movie theater, whole-house water filtration, air purification, and a chef's kitchen with professional Wolf appliances.
Spacious & Functional Layout: Boasting over 8,000 sq ft of living space on a generous 20,800+ sq ft lot, with an open-concept design, five en-suite bedrooms (including a main-level junior suite), executive office, and bonus lounge.
Flexible Seller Financing Option: The availability of creative seller financing can significantly broaden the buyer pool and potentially facilitate a more accessible and quicker transaction.

Cons

Significant Price Reduction: The property has undergone a substantial price reduction of $1,550,000 from its original list price, which may suggest initial overpricing or market adjustments.
High Monthly Association Fees: A considerable monthly association fee of $945.0 adds a significant recurring cost to the overall ownership expenses.
Absence of Explicit Luxury Outdoor Amenities: While a 'resort-like setting' is mentioned, the description does not explicitly detail high-end outdoor features such as a pool, spa, or extensive outdoor kitchen, which are often expected in properties of this caliber and price point.
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