502 Kings Rd, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 4 bath

502 Kings Rd, Newport Beach, California 92663 home-pic-0

502 Kings Rd

Newport Beach, California 92663

ACTIVE
CONDITION: FAIR
4Beds
4Baths
2,800Sq Ft
9,123Lot Size

Property Price

LIST PRICE$5,995,000
EST. MARKET VALUE
$5,554,310
7% AboveMARKET VALUE

SUMMARY

Analysis of 502 Kings Rd, Newport Beach, California 92663 reveals a property with a current list price of $5,995,000, which is 7% above the estimated $5,554,310 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$5,554,310
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
502 Kings Rd
Subject
$5,995,000*
List Price
442,800$1,984-
A
730 Saint James Place
Sold
$4,500,000242,576$1,7470.3 mi
B
101 Kings Place
Active Under Contract
$5,995,000
List Price
443,479$1,7230.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property is well-maintained and move-in ready but remains largely in a dated state consistent with mid-to-late 20th-century styling. While the pool has been recently refreshed with new plaster and tile, the interior features older wood cabinetry, tile countertops, and aged appliances in the kitchen and bathrooms that do not meet modern luxury standards for the area.

PROSSTRENGTHS & OPPORTUNITIES

  • Panoramic Coastal Views

    The property captures rare and sweeping views of the harbor, Pacific Ocean, and Catalina Island from its elevated second level, a highly coveted feature in this coastal enclave.

  • Expansive Lot Size

    Positioned on one of the largest lots on Kings Road, the 9,123-square-foot parcel offers a level of space and privacy that is increasingly difficult to find in Newport Beach.

  • Resort-Style Outdoor Living

    The grounds are designed for entertaining, featuring a gunite pool and spa with new tile and plaster, plus a detached cabana with a changing room and 3/4 bath.

CONSRISKS & DEFICIENCIES

  • Original 1960s Construction

    Given its 1960 build date, the home may require significant modernization or a complete renovation to meet the standards of today's luxury buyers.

  • Premium Price per Square Foot

    With a list price of nearly $6 million for 2,800 square feet of living space, the investment value is heavily weighted in the land and view potential rather than the existing structure.

About 502 Kings Rd

Positioned on one of the largest lots along sought-after Kings Road, this rare Newport Beach offering is defined by exceptional privacy, space, and views. From its elevated second level, the residence captures sweeping harbor, ocean, and Catalina Island views, a view that is increasingly rare in this coastal enclave. The multilevel home is filled with natural light, creating a bright and welcoming atmosphere throughout. A breakfast nook overlooks the backyard and pool, while the main level also features a primary bedroom with a walk-in closet, a spacious full bath with dual sinks, and a dedicated laundry room. Designed to embrace Southern California’s indoor-outdoor lifestyle, the grounds are anchored by an inground gunite pool and spa enhanced with new plaster and tile. A detached pool cabana with a changing room and a 3/4 bath adds resort-style functionality for entertaining or relaxed weekends at home. The backyard offers generous space to gather and host year-round. Upstairs, a second living area with vaulted ceilings, a wet bar, and picturesque views provides an inviting place to unwind. Three additional bedrooms and two bathrooms complete the upper level, including a main bedroom with an ensuite bath and walk-in closet. A two-car garage adds everyday convenience, while the expansive lot offers a level of space rarely available in the area, all just moments from the bay and nearby beaches. A rare opportunity to enjoy panoramic views and coastal living in one of Newport Beach’s most sought-after neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1960
Lot Size
9,123 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Heights Elementary School

Grades K-6 • 0.9 mi

8/10

Horace Ensign Intermediate School

Grades 7-8 • 0.4 mi

7/10

Newport Harbor High School

Grades 9-12 • 0.5 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.04.0
50%
Square foot2,8002,609.5
59%
Lot Size9,1234,783.5
94%
Price$6.00M$4.47M
74%
Price per sq ft$2.1K$1.8K
65%
Built year19601961
50%
HOA$0$0
50%
Days on market11219
6%

Pricing History

Listed for Sale

Feb 24, 2026

$5,995,000

Initial Listing

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