318 Coronado Street, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 5 bath

318 Coronado Street, Newport Beach, California 92661 home-pic-0
ACTIVE$6,495,000
318 Coronado Street, Newport Beach, California 92661
3Beds
5Baths
2,565Sqft
2,100Lot

Price Vs. Estimate

The estimated value ($6,150,232.25) is $344,767.75 (5%) lower than the list price ($6,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2100, living area = 2565.

Compared to the nearby listings

Price:$6.50M vs avg $4.22M (+$2,270,000)62%
Size:2,565 sqft vs avg 2,046 sqft62%
Price/sqft:$2.5K vs avg $2.7K46%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it brand new. The description highlights a 'stunning custom-built' home with a 'gourmet kitchen with high-end appliances' and a 'luxurious primary suite' featuring dual vanities and a soaking tub inside a walk-in shower. The images confirm a contemporary, high-quality finish throughout, including modern light wood cabinetry, white marble/quartz countertops, integrated high-end appliances in the kitchen, and luxurious, spa-like bathrooms with frameless glass showers and modern fixtures. All components are new, meeting current quality standards with no signs of wear or deferred maintenance, perfectly aligning with the 'Excellent' criteria for a newly built property.
Year Built
2023
Close
-
List price
$6.5M
Original List price
$6.5M
Price/Sqft
$2,532
HOA
-
Days on market
-
Sold On
-
MLS number
NP25100650
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Ocean
Deck
ViewBay,City Lights,Ocean

About this home

Welcome to 318 Coronado Street, a stunning custom-built 3-bedroom, 5-bathroom home located just two doors from the bay on the coveted Balboa Peninsula. This elevated corner residence offers panoramic views of the Newport Harbor, abundant indoor/outdoor living space, three-car parking (two-car garage plus an oversized carport), and a private elevator serving all three levels. The main level features a gourmet kitchen with a large island and high-end appliances, and a large great room that flows seamlessly out to a spacious front patio with bay views. A custom metal spiral staircase—paired with the elevator—leads to the second level with two guest suites, a laundry room, and a luxurious primary suite which includes a private balcony, dual vanities, soaking tub inside a walk-in shower, and a large walk-in closet. The show-stopping rooftop deck on the third floor spans two outdoor living areas: one with covered seating, a fireplace, TV, and wet bar, and the other with open-air lounging and views stretching from the ocean to Fashion Island - all perfect for al fresco dining and entertaining. This thoughtfully designed home blends refined craftsmanship with effortless beach living in one of Newport Beach’s most desirable locations.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.9mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.4mi
Condition Rating
Excellent

This property was built in 2023, making it brand new. The description highlights a 'stunning custom-built' home with a 'gourmet kitchen with high-end appliances' and a 'luxurious primary suite' featuring dual vanities and a soaking tub inside a walk-in shower. The images confirm a contemporary, high-quality finish throughout, including modern light wood cabinetry, white marble/quartz countertops, integrated high-end appliances in the kitchen, and luxurious, spa-like bathrooms with frameless glass showers and modern fixtures. All components are new, meeting current quality standards with no signs of wear or deferred maintenance, perfectly aligning with the 'Excellent' criteria for a newly built property.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Unbeatable Location & Panoramic Views: Situated just two doors from the bay on the coveted Balboa Peninsula, offering panoramic views of Newport Harbor, the ocean, and city lights from multiple levels, including a spectacular rooftop deck.
Brand New Custom Construction: Built in 2023, this custom-designed home features refined craftsmanship, high-end finishes, and modern architecture, ensuring a move-in ready luxury experience.
Extensive Indoor/Outdoor Entertainment Spaces: Boasts abundant indoor/outdoor living areas, highlighted by a spacious front patio with bay views and a show-stopping rooftop deck complete with covered seating, fireplace, TV, and wet bar.
Premium Luxury Amenities: Equipped with a private elevator serving all three levels, a gourmet kitchen with high-end appliances, a luxurious primary suite, and a rare three-car parking setup (two-car garage plus oversized carport).
High-End Design & Functionality: Thoughtfully designed with a seamless flow, custom metal spiral staircase, and a high bath-to-bedroom ratio (5 baths for 3 beds), emphasizing luxury and convenience.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2100, living area = 2565.
Compact Lot Size: The 2,100 sqft lot size is relatively small, which may limit expansive ground-level outdoor space or privacy compared to larger properties.
Aggressive Pricing Strategy: The current list price of $6.495 million is 5% above the estimated property value of $6.15 million, potentially indicating an ambitious pricing strategy in the current market.
Limited Bedroom Count for Price Point: With 3 bedrooms, some buyers in this luxury price range might seek a higher bedroom count for larger families or frequent guests, despite the generous number of bathrooms.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state