26 Fairway, Newport Coast, California 92657, Newport Coast, 92657 - 5 bed, 9 bath

26 Fairway, Newport Coast, California 92657 home-pic-0
ACTIVE$15,500,000
26 Fairway, Newport Coast, California 92657
5Beds
9Baths
7,900Sqft
17,500Lot
Year Built
2004
Close
-
List price
$15.5M
Original List price
$15.5M
Price/Sqft
$1,962
HOA
$1,208
Days on market
-
Sold On
-
MLS number
PW25066120
Home ConditionGood
Features
Excellent View: City Lights, Canyon, Golf Course, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Trees/Woods, Water
Pool
Spa
Patio
ViewCity Lights,Canyon,Golf Course,Hills,Mountain(s),Neighborhood,Ocean,Panoramic,Trees/Woods,Water

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $15.50M(88th), sqft - 7900(93th), beds - 5(74th), baths - 9(93th).

Nestled serenely on the front row, this extraordinary estate commands an elevated position, gifting panoramic vistas that stretch across the expanse of the Pelican Hill Golf Club and beyond, where the azure ocean meets the sky. Encompassing over 7,900 square feet of opulent living space, this residence is a testament to boundless luxury with a distinctive coastal essence. Set within the prestigious confines of an around-the-clock guard-gated community, this property ensures the utmost privacy and security. Adding to the allure is the convenience of an elevator, seamlessly connecting all three levels of the residence. A picturesque embodiment of resort-style living, the custom design of this remarkable home encompasses 5 lavish Bedrooms, 7 Full Bathrooms, and 2 Half Bathrooms. The grandeur is accentuated by the presence of a separate front casita, offering privacy and versatility. A tranquil private courtyard welcomes you, setting the tone for the lavish experience within. The outdoor expanse unveils an oasis of relaxation, complete with a glistening pool, an invigorating spa, and a barbecue area where al fresco dining is an art form. The sweeping views of the golf course merging with the vast ocean create an ever-changing backdrop, enriching each moment spent here. This residence is a symphony of indulgence, exemplified by its offerings of a subterranean 6-car parking garage spanning 1,300 square feet, an upper-level direct access 2-car garage, a wine room for connoisseurs, an intimate theater for cinematic experiences, a well-equipped gym for wellness pursuits, and a soothing sauna for moments of respite. Drawing inspiration from the famed architect Wallace Neff, the residence exudes an air of timeless elegance. Graceful archways and hand-carved beam ceilings adorn the interior, while hand-fired terra cotta flooring graces the floors, each element meticulously chosen to define luxury living. Set within the renowned 504-acre enclave of Pelican Hill®, this home enjoys privileged access to a world of unrivaled coastal beauty. A sanctuary of privacy and seclusion, this community is a testament to refined living, offering a retreat where family and friends gather to create lasting memories. Seize the opportunity to live amidst architectural excellence, surrounded by lush landscaping, and awaken each day to unparalleled vistas. This estate represents the epitome of luxury living, where classic sophistication meets the tranquil allure of coastal living.

Nearby schools

9/10
Harbor View Elementary School
Public,PK-61.2mi
9/10
Newport Coast Elementary School
Public,PK-61.7mi
9/10
El Morro Elementary School
Public,K-53.6mi
9/10
Thurston Middle School
Public,6-85.9mi
9/10
Corona Del Mar High School
Public,7-123.1mi
9/10
Laguna Beach High School
Public,9-125.6mi
Condition Rating
Good

This property, built in 2004, is 20 years old and falls perfectly within the 'Good' category's age range (10-20 years old). The images and description reveal an exceptionally well-maintained, luxurious estate with high-end finishes throughout. The kitchen features professional-grade stainless steel appliances, custom dark wood cabinetry, and natural stone countertops, all in excellent condition, albeit in a traditional Mediterranean style. The numerous bathrooms are equally opulent, showcasing custom vanities, intricate tile work, high-end fixtures, and spacious layouts, all appearing pristine. While the home exudes 'timeless elegance' and is move-in ready with no immediate renovations required, its traditional aesthetic and 20-year age mean its components are not 'new or virtually new' nor does it reflect the latest modern design trends, which would be required for an 'Excellent' rating. However, its superior quality, meticulous upkeep, and functional, high-end systems make it a very strong 'Good' property.
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 & Golf Course Views: The property boasts an elevated, front-row position offering breathtaking panoramic vistas of the Pelican Hill Golf Club and the Pacific Ocean, a highly coveted and value-driving feature.
Exclusive Guard-Gated Community: Located within the prestigious, around-the-clock guard-gated Pelican Hill® enclave, ensuring unparalleled privacy, security, and a refined living environment.
Extensive Luxury Amenities: Features a comprehensive suite of high-end amenities including an elevator, separate casita, private courtyard, pool, spa, barbecue area, subterranean 6-car garage, wine room, theater, gym, and sauna, catering to a luxurious lifestyle.
Distinguished Architectural Design: Inspired by famed architect Wallace Neff, the residence exhibits timeless elegance with graceful archways, hand-carved beam ceilings, and hand-fired terra cotta flooring, showcasing exceptional craftsmanship.
Spacious & Versatile Living Space: Encompassing over 7,900 square feet with 5 lavish bedrooms, 7 full bathrooms, 2 half bathrooms, and a separate casita, providing ample space and flexibility for various living arrangements.

Cons

Age and Potential for Modernization: Built in 2004, the property is 20 years old. While featuring timeless design, it may require updates to meet the latest modern aesthetic and smart home technology expectations of buyers in this luxury segment, especially compared to recently renovated comparables.
High Association Fees: The monthly association fee of $1208.0 is substantial and significantly higher than some comparable properties in the area, representing a considerable ongoing cost for the homeowner.
Potential Overpricing Relative to Market Estimation: The listing price of $15.5 million is notably above the property's estimated value of $14.368 million, and also higher than a recently redesigned comparable property, which could impact market appeal and time on market.

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