
Newport Beach, California 92661
This Ultra-Luxury New Construction residence is a Prime Investment Opportunity, listed at $8,495,000—positioned well below the $8,841,624 Fair Market Value by 3%. This valuation gap offers $346,624 in Instant Equity. Featuring a Mint Condition Rating, the home showcases Crystallo stone fireplaces, walnut millwork, and a rooftop deck with harbor views. Located in the Newport Mesa Unified district near Newport Elementary (9/10), this property is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a turnkey coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 503 J Subject 4 bd · 6 ba · 3,577 sqft · $2,293 | $8,495,000* List Price | 4 | 6 | 3,577 | $2,293 | - |
A 503 L Street Sold 4 bd · 5 ba · 3,148 sqft · $2,097 · 0.1 mi | $6,600,000 | 4 | 5 | 3,148 | $2,097 | 0.1 mi |
B 1701 E Balboa Boulevard Sold 5 bd · 6 ba · 3,963 sqft · $1,691 · 0.0 mi | $6,700,000 | 5 | 6 | 3,963 | $1,691 | 0.0 mi |
C 1508 E Balboa Boulevard Active 4 bd · 6 ba · 3,316 sqft · $2,109 · 0.1 mi | $6,995,000 List Price | 4 | 6 | 3,316 | $2,109 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2025 construction in mint condition. Features ultra-premium kitchen with Gaggenau/Wolf appliances and Arabescato Gold marble, high-end walnut millwork, and a fully integrated Lutron RA3 smart-home system. All systems and finishes are new and require no maintenance.
Elementary School: Newport Elementary School (9/10).
Built in 2025, this residence features high-end finishes like Crystallo stone and walnut millwork, paired with a premium Gaggenau and Wolf appliance suite for a turnkey modern lifestyle.
The expansive rooftop deck serves as a premier entertainment hub, featuring a full Thor outdoor kitchen with a pizza oven, firepit, and integrated JBL speakers with harbor views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3577, other record living area = 2918. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3000, living area = 3577.
With a list price of nearly $8.5 million for approximately 3,577 square feet, the property commands a high price-per-square-foot that may challenge appraisal values.
In one of Peninsula Point’s discreet and quiet pockets, this residence reflects an architectural vision shaped by natural materials, balanced proportions, and a coastal modern design. The interiors unfold with a calm, intentional rhythm with limewashed walls, wide plank hardwood flooring, custom walnut millwork, and curated stone selections creating a warm, tactile foundation throughout. In the main living room, a backlit Crystallo stone fireplace becomes a sculptural highlight, softened by walnut paneling and glass elements. The dining room extends this material language with a large, elegant setting defined by a built in buffet and illuminated display cabinetry – a seamless transition to the kitchen. The kitchen features walnut cabinetry, honed Arabescato Gold marble, and a suite of premium appliances from Gaggenau, Sub Zero, Miele, and Wolf. An adjoining pantry provides generous storage and prep space while preserving the kitchen’s clean, uninterrupted aesthetic. Upstairs, a secondary living and bar lounge offers an intimate setting for gatherings, complete with custom walnut cabinetry and Sub Zero wine and beverage refrigeration. Four bedroom suites each feature thoughtfully appointed baths with natural stone, custom vanities, and premium fixtures. The primary suite is a refined retreat featuring a Crystallo stone fireplace, white oak detailing, private viewing balcony, custom walk-in closet, and a spa-inspired bath finished in White Rhino and Thassos marble. The rooftop deck is designed for year-round enjoyment, equipped with a full Thor outdoor kitchen supplying a pizza oven, grill, sink, and refrigeration, alongside a gas firepit, integrated JBL speakers, and irrigated planters. A fully integrated smart-home system with Lutron RA3 keypads and a two-car garage further support an effortless coastal lifestyle. Just one block from the water, the residence offers effortless access to the beach, bay, and the understated coastal energy of Balboa Peninsula Point. Seller financing available.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades 7-8 • 2.1 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 6.0 | 3.5 |
| Square foot | 3,577 | 2,652.074 |
| Lot Size | 3,000 | 6,056.485 |
| Price | $8.49M | $4.19M |
| Price per sq ft | $2.4K | $1.6K |
| Built year | 2025 | 1972 |
| HOA | $0 | $463 |
| Days on market | 72 | 70 |
Aug 13, 2026
$8,495,000
Initial Listing
Jan 21, 2020
$2,400,000
Public Record
Jul 7, 2015
$2,150,000
Public Record