
Newport Beach, California 92663
This Premiere Waterfront Penthouse is a Strong Value Opportunity, listed at $2,900,000—positioned above the $2,693,249 Fair Market Value. While priced at a premium, the property offers rare Panoramic Bay and Ocean Views, soaring 10' Ceilings, and a Zero-Stairs Floor Plan. With a Condition Rating of 4, the interior provides a canvas for modernization to match its elite location. Situated near Top-Rated Schools like Newport Elementary, this residence is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a trophy asset on the Newport Peninsula.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2600 Newport Subject | $2,750,000* List Price | 3 | 3 | 2,010 | $1,310 | - |
A 512 35th Sold | $2,225,000 | 3 | 3 | 1,796 | $1,239 | 0.4 mi |
B 601 Lido Park Drive 1e Sold | $3,256,500 | 2 | 3 | 1,910 | $1,705 | 0.2 mi |
C 126 47th Street 1 Sold | $2,142,000 | 3 | 3 | 1,500 | $1,428 | 0.9 mi |
D 2600 Newport Boulevard 215 Pending | $2,050,000 List Price | 2 | 2 | 1,494 | $1,372 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1992 (34 years old) and is being sold for the first time in 32 years. While it features 'fresh paint and carpet' and high-end kitchen appliances, the core finishes in the kitchen and bathrooms—specifically the tiled countertops, cabinetry style, and bathroom fixtures—are dated and appear to be over 20 years old. Per the criteria, its age and dated aesthetic require modernization to meet current luxury standards.
Elementary School: Newport Elementary School (9/10).
As a premiere end-unit penthouse, this property offers rare panoramic water views of the bay, harbor, and ocean from two private balconies and multiple interior rooms.
The single-level floor plan provides a seamless 'zero-stairs' experience from the secure underground parking garage to the unit's entry, making it ideal for long-term accessibility.
The monthly association fee of $1,050 is a substantial recurring expense that may impact the overall affordability for some luxury buyers.
Built in 1992, the property may require further modernization of core systems or common areas to compete with the ultra-modern aesthetics of newer waterfront developments.
First time on the market in 32 years. The premiere, end unit penthouse, with the ultimate bay view at 28th Street Marina is now available. This single level home exists within a gated community of 35 luxury condos spread across two buildings. The property features a dynamic security system which controls access at the pedestrian gate at the front, the underground parking garage, and access to elevators. Easy accessibility for those seeking a setup with zero stairs from the parking garage, to the entry door, and throughout the interior. The interior is gorgeous, with fresh paint and carpet throughout. You're going to love how spacious the layout is, with an oversized living room which features a dramatic fireplace. The kitchen does not disappoint, outfitted with top of the line appliances. In addition to the 3 full bedrooms, the floor plan includes a dedicated office with built-in's. One of the key benefits of being an end unit, is having water views from two of the bedrooms and also the office. You get not one, but two balconies that sit above the boats below. Unlike some of the older waterfront buildings on the peninsula, this unit boasts soaring 10' ceilings throughout, making it a special opportunity. 28th Street Marina is conveniently located just moments from the Newport pier, dozens of nearby pubs & restaurants, the boardwalk, and so much more.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades PK-6 • 0.7 mi
Grades 7-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,010 | 1,320 |
| Lot Size | 86,368 | 27,766 |
| Price | $2.75M | $1.56M |
| Price per sq ft | $1.4K | $1.0K |
| Built year | 1992 | 1977 |
| HOA | $1050.0 | $720 |
| Days on market | 48 | 61 |
Jul 8, 2026
$2,750,000
$2,800,000
-2% Price Drop
Initial Listing
Jun 28, 2026
$2,800,000
$2,900,000
-3% Price Drop
Initial Listing
Jun 4, 2026
$2,900,000
Initial Listing