
Newport Beach, California 92663
This Renovated Coastal Estate is a High-Potential Investment Opportunity, listed at $5,995,000—positioned well below the $6,263,018 Fair Market Value by 4%. This valuation gap offers $268,018 in Instant Equity. Featuring a Condition Rating of 2, the residence boasts a high-end renovation, panoramic harbor and ocean views, and a resort-style gunite pool on a rare 9,123 sqft lot. Located near top-rated Newport Mesa schools, it balances luxury with appreciation potential. This is an ideal acquisition for Owner-Occupants or Luxury Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 Kings Rd Subject | $5,995,000* List Price | 4 | 4 | 2,800 | $2,237 | - |
A 519 Signal Road Active | $6,495,000 List Price | 6 | 5 | 3,858 | $1,684 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone a comprehensive high-end renovation within the last 5 years. The bathrooms feature modern dual vanities, LED-backlit mirrors, a frameless glass shower, and a freestanding tub. The kitchen and living areas show contemporary finishes, updated flooring, and recessed lighting, putting the home in mint, move-in-ready condition.
Situated on a 9,123 sqft lot, this property is one of the largest in the prestigious Kings Road area, offering a rare level of privacy and outdoor space for this coastal enclave.
The elevated second level captures sweeping views of the harbor, Pacific Ocean, and Catalina Island, providing a highly coveted backdrop that significantly enhances the property's value.
The grounds feature a recently refurbished gunite pool and spa, complemented by a detached cabana with a changing room and bath, perfect for high-end entertaining and Southern California living.
Built in 1960, the home may require substantial modernization or a full renovation to align with the contemporary luxury standards expected at a $6 million price point.
The primary panoramic views are largely restricted to the upper level, meaning the main floor living areas do not fully benefit from the property's coastal vantage point.
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.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.5 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 | 2,800 | 2,643 | 53% |
| Lot Size | 9,123 | 5,000 | 94% |
| Price | $6.00M | $4.65M | 67% |
| Price per sq ft | $2.1K | $1.8K | 65% |
| Built year | 1960 | 1963 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 169 | 16% |
Feb 24, 2026
$5,995,000
Initial Listing