
Newport Beach, California 92661
This Stunning Coastal Residence is listed at $6,895,000, reflecting a premium valuation relative to its $6,642,675 Fair Market Value. Built in 2018, this property maintains an Excellent Condition Rating, featuring a Gourmet Kitchen with Wolf/Sub-Zero appliances, wide-plank oak flooring, and a private elevator. Located in the prestigious Peninsula Point, it offers a sophisticated lifestyle with a Rooftop Deck providing sweeping city and coastal views. Zoned for the Newport Mesa Unified district, this home is an ideal sanctuary for Luxury Homebuyers or Discerning Professionals seeking a turnkey coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 503 L Street Subject | $6,895,000* List Price | 4 | 5 | 3,148 | $2,110 | - |
A 2149 E Ocean Boulevard Sold | $6,550,000 | 3 | 5 | 2,715 | $2,413 | 0.3 mi |
B 1701 E Balboa Boulevard Sold | $6,700,000 | 5 | 6 | 3,963 | $1,691 | 0.1 mi |
C 1508 E Balboa Boulevard Active | $6,995,000 List Price | 4 | 6 | 3,316 | $2,109 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and in mint condition. It features high-end modern finishes including a gourmet kitchen with Wolf and Sub-Zero appliances, marble countertops, wide-plank oak flooring, and a private elevator serving all three levels.
Elementary School: Newport Elementary School (9/10).
Built in 2018, this residence features high-end finishes like Wolf/Sub-Zero appliances and a rare three-level elevator, offering modern convenience and luxury.
Situated in the exclusive Balboa Peninsula Point, the home is steps from the bay and ocean, providing an elite lifestyle in one of Newport Beach's most sought-after neighborhoods.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3148, other record living area = 3412.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3523, living area = 3148.
With a list price of nearly $6.9 million for approximately 3,148 square feet, the property commands a high price-per-square-foot that may challenge some appraisals.
Tranquil coastal living meets elevated design at 503 L Street, ideally situated on Peninsula Point just a few homes from the bay and moments from the ocean. This thoughtfully designed three-level residence offers four bedrooms and four and a half bathrooms, with a bright, open-concept main level that captures a refined California coastal aesthetic through soaring ceilings and seamless indoor-outdoor flow. Every detail has been carefully curated, from the elevator that goes to all three levels to the marble countertops and wide-plank oak flooring throughout. The gourmet kitchen is both functional and beautifully appointed, featuring custom cabinetry, Wolf appliances, and a Sub-Zero panel-ready refrigerator and freezer. The private primary suite serves as a true retreat, complete with a fireplace, view balcony, and a spacious, spa-like bath. Designed for effortless entertaining, the third-level California Room includes a wet bar and opens to a rooftop deck with sweeping city lights and coastal views. A two-car garage completes this exceptional offering, delivering both convenience and a highly coveted Peninsula Point lifestyle.
No exterior & parking available.
Grades PK-6 • 2.0 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 4.0 | 61% |
| Square foot | 3,148 | 2,715 | 70% |
| Lot Size | 3,523 | 2,660 | 74% |
| Price | $6.89M | $5.77M | 65% |
| Price per sq ft | $2.2K | $2.2K | 50% |
| Built year | 2018 | 1990 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 150 | 4% |
May 14, 2026
$6,895,000
Initial Listing
Nov 18, 2019
$3,750,000
Public Record