
Newport Beach, California 92663
This Reimagined Coastal Sanctuary is a Prime Investment Opportunity listed at $3,299,950—positioned well below the $3,384,990 Fair Market Value by 2%. This valuation gap offers $85,040 in Instant Equity for a residence in Like-New Condition. Featuring a chef’s kitchen, smart-home infrastructure, and a panoramic rooftop deck with coastal views, the home sits near the 9/10 rated Newport Elementary. It is a premier choice for luxury-seeking families or Owner-Occupants seeking a turnkey beachside retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 Lugonia Street Subject | $3,299,950* List Price | 4 | 4 | 2,755 | $1,234 | - |
A 231 Canal Sold | $3,550,000 | 4 | 3 | 2,562 | $1,386 | 0.1 mi |
B 331 Walnut Street Active | $2,999,900 List Price | 5 | 6 | 2,546 | $1,178 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone a comprehensive and high-end renovation and expansion, effectively bringing it to like-new condition. The interior features modern wide-plank flooring, soaring ceilings, and a chef's kitchen equipped with custom cabinetry, quartz countertops, and professional-grade stainless steel appliances. All major systems, including plumbing, electrical, and HVAC, have been fully upgraded, and the home includes advanced technology such as enterprise-level WiFi and water monitoring systems. The bathrooms are spa-inspired with designer finishes, and the overall aesthetic meets current luxury standards with no signs of deferred maintenance.
Elementary School: Newport Elementary School (9/10).
Situated just two blocks from the beach in the desirable Newport Shores community, the property offers immediate access to the sand and premium resort-style amenities including tennis courts and a community pool.
The home has been thoughtfully reimagined with high-end finishes, a chef’s kitchen with quartz countertops, and fully upgraded infrastructure including new plumbing, electrical, and smart-home security systems.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2755, other record living area = 2690.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2720, living area = 2755.
With a lot size of only 2,720 square feet, the property offers minimal private yard space, which may be a drawback for buyers seeking traditional garden or lawn areas.
Thoughtfully reimagined with refined coastal living in mind, every inch of this expansive beachside retreat exudes quality, comfort, and sophistication. This stunning four-bedroom, four-bath renovated and expanded residence is located just two blocks from one of Newport Beach’s most sought-after stretches of sand, and moments from acclaimed restaurants, boutique shops, and award-winning schools. The main level welcomes you with wide-plank flooring, dramatic soaring ceilings, and an airy open-concept layout. Elevated by high-end hardware and designer finishes throughout, the home reflects a commitment to craftsmanship at every turn. At the heart of the home lies a remarkable chef’s kitchen, featuring custom cabinetry, sleek quartz countertops, premium high-end appliances, and professional-grade stainless steel appliances—seamlessly flowing into the generous living and dining areas, complete with built-ins, designer lighting, and a cozy fireplace. Also on the main level is a spacious bedroom with a tastefully remodeled en-suite bath, a versatile bonus room ideal for a home office or gym, a second updated full bath, and abundant storage throughout. Upstairs, the primary suite is a true sanctuary with its own private deck, a spa-inspired en-suite bath with jetted tub and dual vanities, and a large walk-in closet. Step out to the rooftop deck for panoramic coastal views and refreshing ocean breezes. Two additional upstairs bedrooms feature custom closets, vaulted ceilings, and upscale lighting, accompanied by a flexible bonus space perfect for a media room, teen lounge, or secondary office, with direct access to another spacious outdoor deck. Beyond its aesthetic appeal, the home is equipped with advanced infrastructure for modern living, including an enterprise-level WiFi system with integrated security, an active water monitoring system with leak detection, a tankless water heater, and fully upgraded plumbing and electrical systems. Additional highlights include a dedicated upstairs laundry room, central air conditioning, an outdoor shower, and a finished two-car garage with added storage. As a resident of the highly desirable Newport Shores community, you’ll enjoy resort-style amenities including a community pool, tennis and pickleball courts, volleyball, basketball, playground, and BBQ area—all just moments from the beach. This is coastal California living at its finest.
No exterior & parking available.
Grades K-6 • 2.3 mi
Grades PK-6 • 2.4 mi
Grades 7-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,755 | 2,643 | 51% |
| Lot Size | 2,720 | 4,966 | 22% |
| Price | $3.30M | $4.45M | 31% |
| Price per sq ft | $1.2K | $1.8K | 14% |
| Built year | 1962 | 1963 | 49% |
| HOA | $70.0 | $0 | 65% |
| Days on market | 48 | 169 | 10% |
Mar 5, 2026
$3,299,950
Initial Listing
Jun 9, 2021
$2,475,000
Public Record
Nov 4, 2013
$940,000
Public Record