
Newport Beach, California 92663
This Luxury New Construction Residence represents a Strong Value Opportunity, listed at $4,500,000—positioned well below the $4,830,083 Fair Market Value by 6%. This valuation gap offers $330,083 in Instant Equity for the buyer. Featuring a Brand New Condition Rating, this home offers panoramic water views, a rooftop deck, and proximity to top-rated schools like Newport Elementary. It is an ideal acquisition for Luxury Homeowners or Sophisticated Investors seeking a turnkey coastal asset in Newport Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3601 Lake Avenue Subject | $4,500,000* List Price | 4 | 5 | 2,200 | $2,308 | - |
A 213 Via Mentone Sold | $5,100,000 | 4 | 3 | 2,444 | $2,087 | 1.0 mi |
B 613 36th Sold | $5,250,000 | 4 | 3 | 2,776 | $1,891 | 0.2 mi |
C 209 Via Koron Active | $5,399,900 List Price | 4 | 4 | 2,412 | $2,239 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new construction scheduled for 2026 completion. Features luxury contemporary finishes, premium stone surfaces, spa-inspired bathrooms, and brand-new mechanical systems.
Scheduled for completion in 2026, these residences feature high-end contemporary finishes curated by Blackband Design, offering a turnkey luxury experience with sophisticated architectural detailing.
The property boasts 'forever water views' stretching from the 38th Street Bridge to Newport Island, maximized by expansive glass walls and spectacular rooftop entertaining decks.
Situated in the highly desirable Balboa Peninsula enclave, the home offers an unmatched lifestyle with immediate proximity to the beach, harbor, and world-class dining and shopping.
With a scheduled completion date of June 2026, buyers must navigate a significant lead time and the inherent delivery risks associated with new construction projects.
All current renderings and specifications are conceptual and subject to change, which may lead to discrepancies between the initial marketing vision and the final delivered product.
3601 & 3603 Lake Avenue | Newport Beach Introducing a rare new construction opportunity in the heart of Newport Beach. 3601 and 3603 Lake Avenue are two newly built luxury residences scheduled for completion June 1, 2026, offering refined coastal living, timeless design, and breathtaking “forever water views” stretching from the iconic 38th Street Bridge to Newport Island. Each approximately 2,200 square foot residence has been thoughtfully designed with sophisticated contemporary finishes, expansive glass walls, open-concept living spaces, and seamless indoor-outdoor flow. Both homes feature spectacular rooftop entertaining decks designed to maximize the panoramic bay and ocean views, creating the ultimate setting for sunset dining, lounging, and year-round coastal entertaining. Curated in collaboration with Blackband Design, the interiors showcase custom cabinetry, premium stone surfaces, designer-selected materials, wide plank flooring, elegant fireplaces, spa-inspired bathrooms, and elevated architectural detailing throughout. Spacious primary suites, multiple outdoor living areas, bonus spaces, and attached garages further elevate the livability and functionality of these exceptional homes. Perfectly positioned just moments from the sand, bay, harbor, restaurants, and world-class shopping and dining, these residences offer an unmatched Newport Beach lifestyle in one of the area’s most desirable coastal enclaves. Each property is offered at $4,500,000, or both residences may be purchased together for $9,000,000. All renderings and specifications are conceptual and subject to change
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades PK-6 • 1.1 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 2,200 | 2,868 |
| Lot Size | 3,600 | 6,914 |
| Price | $4.50M | $4.44M |
| Price per sq ft | $2.0K | $1.6K |
| Built year | 2026 | 1970 |
| HOA | $100.0 | $430 |
| Days on market | 51 | 59 |
Jun 1, 2026
$4,500,000
Initial Listing
Nov 13, 2023
$2,900,000
Public Record
Sep 11, 1997
$506,000
Public Record