
Newport Coast, California 92657
This Single Family Residence in Ocean Heights represents a High-Potential Investment Opportunity, listed at $10,495,000—positioned above the $9,662,324 Fair Market Value. While currently priced for the luxury market, the estate offers significant upside through cosmetic modernization of its Fair Condition Rating interiors. Featuring Panoramic Coastal Views and a Main-Level Primary Suite, the property provides a rare foundation for high-end customization. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to curate a premier estate in a prestigious guard-gated enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Overlook Subject 4 bd · 5 ba · 4,975 sqft · $1,942 | $10,495,000* List Price | 4 | 5 | 4,975 | $1,942 | - |
A 7 Sunrise Sold 5 bd · 6 ba · 4,948 sqft · $1,546 · 0.6 mi | $7,650,000 | 5 | 6 | 4,948 | $1,546 | 0.6 mi |
B 4 Kingsport Sold 4 bd · 5 ba · 6,300 sqft · $1,698 · 1.0 mi | $10,700,000 | 4 | 5 | 6,300 | $1,698 | 1.0 mi |
C 10 Morning Light Sold 6 bd · 7 ba · 5,019 sqft · $1,592 · 0.6 mi | $7,990,000 | 6 | 7 | 5,019 | $1,592 | 0.6 mi |
D 14 Clearview Active Under Contract 5 bd · 6 ba · 4,598 sqft · $1,903 · 0.8 mi | $8,750,000 List Price | 5 | 6 | 4,598 | $1,903 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old. While the home is meticulously maintained and move-in ready, the kitchen and bathrooms feature original travertine flooring and cabinetry styles that are dated by modern luxury standards. Per the criteria, homes over 20 years old with original finishes are rated fair as they require cosmetic updates.
The property commands exceptional, unobstructed views of the Pacific Ocean, Catalina Island, and Newport Harbor, providing a premier visual experience that significantly enhances its market value.
A highly desirable main-floor primary sanctuary offers rare convenience and long-term accessibility, featuring a private sitting area and direct access to the resort-style outdoor spaces.
Located in the exclusive Ocean Heights community, the estate offers 24-hour security and privacy within minutes of world-class amenities like Pelican Hill Resort and Crystal Cove shopping.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4975, other record living area = 4775.
With 66 days on market and a recent $500,000 price reduction, the property is currently navigating a price discovery phase to align with current luxury buyer demand.
Built in 2003, the residence may require cosmetic updates or modern technological integrations to compete with the ultra-contemporary new builds prevalent in the Newport Coast area.
Located within the prestigious 24-hour guard-gated community of Ocean Heights, 31 Overlook presents a rare opportunity to own a premier estate in one of Newport Coast’s most coveted enclaves. Positioned high above the coastline, Ocean Heights is renowned for its exceptional privacy, security, and breathtaking panoramic views spanning the Pacific Ocean, Catalina Island, Newport Harbor, Palos Verdes, and the glittering Southern California coastline. Residents enjoy an unparalleled lifestyle surrounded by natural beauty, with convenient access to world-class beaches, championship golf at Pelican Hill Resort, luxury shopping at Crystal Cove Shopping Center and Fashion Island, and an exceptional collection of fine dining destinations. Occupying one of the community’s most desirable homesites, this remarkable residence encompasses approximately 4,975 square feet of thoughtfully designed living space on an expansive 12,021-square-foot lot. Created to maximize its extraordinary setting, the home showcases timeless architecture, refined interiors, and meticulous craftsmanship throughout. Expansive windows and French doors frame breathtaking coastal vistas from nearly every principal room, while the coveted western orientation fills the interiors with natural light and captures spectacular sunsets year-round. Elegant yet inviting living spaces create an atmosphere of effortless luxury, seamlessly blending sophisticated design with the relaxed refinement of coastal living. The residence features four generously proportioned bedrooms and four-and-one-half beautifully appointed bathrooms. A highly sought-after main-level primary suite serves as a private sanctuary, complete with a sunlit sitting area overlooking the coastline, dual walk-in closets, and French doors that open to mesmerizing views. Designed for seamless indoor-outdoor living, the chef’s kitchen opens effortlessly to the great room, creating an ideal environment for both everyday living and entertaining. French doors lead to an array of resort-inspired outdoor spaces, including a built-in barbecue pavilion, lush courtyard gardens, a private putting green, and multiple seating and gathering areas designed to maximize enjoyment of the spectacular surroundings. Offering an extraordinary sense of arrival and an unrivaled coastal setting, 31 Overlook embodies the pinnacle of Newport Coast luxury living, a timeless estate within one of Southern California’s most exclusive and desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 5.0 | 5.6 |
| Square foot | 4,975 | 5,039.615 |
| Lot Size | 12,021 | 12,368.808 |
| Price | $10.49M | $8.36M |
| Price per sq ft | $2.1K | $1.8K |
| Built year | 2003 | 2001 |
| HOA | $541.0 | $653 |
| Days on market | 90 | 83 |
Oct 1, 2026
$10,495,000
$10,995,000
-5% Price Drop
Initial Listing
Jul 27, 2026
$10,995,000
Initial Listing
Jun 6, 2005
$3,750,000
Public Record