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 UNDER CONTRACT$6,495,000
318 Coronado Street, Newport Beach, California 92661
3Beds
5Baths
2,565Sqft
2,100Lot

Price Vs. Estimate

The estimated value ($6,495,000) is $0 (0%) 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 custom-built in 2023, making it virtually brand new. The description highlights a 'gourmet kitchen with high-end appliances' and a 'luxurious primary suite' with dual vanities and a soaking tub inside a walk-in shower. Images confirm modern, high-quality finishes throughout, including light wood cabinetry, marble countertops, contemporary fixtures, hardwood flooring, and state-of-the-art amenities like a private elevator and a fully equipped rooftop deck. All components are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
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
NP25223570
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 custom-built in 2023, making it virtually brand new. The description highlights a 'gourmet kitchen with high-end appliances' and a 'luxurious primary suite' with dual vanities and a soaking tub inside a walk-in shower. Images confirm modern, high-quality finishes throughout, including light wood cabinetry, marble countertops, contemporary fixtures, hardwood flooring, and state-of-the-art amenities like a private elevator and a fully equipped rooftop deck. All components are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Location & Bay Proximity: Situated just two doors from the bay on the coveted Balboa Peninsula, offering immediate access to the water and a highly desirable coastal lifestyle.
Exceptional Panoramic Views: Boasts panoramic views of the Newport Harbor, with additional ocean, city lights, and Fashion Island views from the impressive rooftop deck.
Brand New Custom Construction & Luxury Amenities: A stunning custom-built home from 2023, featuring a private elevator serving all three levels, a gourmet kitchen with high-end appliances, and a luxurious primary suite.
Superior Indoor/Outdoor Living & Entertainment: Offers abundant indoor/outdoor living space, including a spacious front patio with bay views and a show-stopping rooftop deck complete with covered seating, fireplace, TV, and wet bar.
Ample Parking: Provides three-car parking (two-car garage plus an oversized carport), a significant advantage in a dense coastal area where parking is often at a premium.

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 lot size of 2100 sqft is relatively small for a luxury home, which may limit extensive landscaping or future expansion possibilities.
Limited Traditional Yard Space: While offering multiple patios and a rooftop deck, the property likely lacks a conventional private backyard, which may not suit all buyer preferences.
Potential for Noise/Crowds: Located in a highly desirable and active area on the Balboa Peninsula, the property may experience increased ambient noise and foot traffic, especially during peak seasons.

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