
Newport Beach, California 92663
This New Construction Beachfront Residence represents a Strong Value Opportunity, listed at $7,500,000—positioned well below the $8,113,835 Fair Market Value by 7%. This valuation gap offers $613,835 in Instant Equity. Featuring an Excellent Condition Rating upon its 2027 completion, the home offers unobstructed ocean views, a private balcony, and rooftop decks. With an active short-term lodging permit and proximity to top-rated schools like Newport Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Luxury Owner-Occupants.
Property is new construction or fully renovated.
This is a brand-new beachfront construction with an estimated completion of 2027. As a new build, all systems, kitchen, and bathrooms will be state-of-the-art and in mint condition with no maintenance required.
Elementary School: Newport Elementary School (9/10).
Situated directly on the sand with no obstructions between the home and the Pacific Ocean, offering a rare and highly coveted Newport Beach lifestyle.
The property carries an active short-term lodging permit, providing a rare and valuable opportunity for high-yield rental income in a restricted coastal zone.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1964, other record lot size in square feet = 1698. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1973, other record living area = 1152.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1964, living area = 1973.
With an estimated completion date in 2027, buyers must navigate a significant multi-year waiting period before the property is ready for occupancy or rental.
Very few things in Newport Beach are truly rare. A newly designed beachfront residence, built to order on the sand, is one of them. 5109 Seashore Drive, currently under construction, sits directly on the Newport shore, with nothing but sand between the front patio and the Pacific. The position is exceptional. What is being built to meet it is equally so. Designed by Richart Architects, the residence is a study in considered proportion and purposeful design. Across three stories and 1,973 square feet on a beachfront lot, the home is oriented entirely toward the water at every level. A generous front patio opens onto the sand. A private balcony off the primary suite commands views of the ocean from above. Two rooftop decks crown the residence, offering unobstructed views of the coastline that stretch in both directions. Three bedrooms and four baths are composed throughout with the restraint and precision the architecture demands. Construction is being executed by Marston Builders of Newport Beach, with interiors by Jodi Fleming Design. The team is engaged, mid-build, and working from a fully resolved set of construction documents and a cohesive design vision that spans cabinetry, material selections, lighting, hardware, and every finish detail. For a buyer of discernment, the heavy work is done. The property currently carries an active short-term lodging permit, a credential that adds meaningful optionality on the Newport sand. The wait is measured in months. Estimated completion 2027. Offered exclusively. Full construction documentation provided upon offer. Renderings are conceptual only. Final design, materials, and features are subject to change.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades PK-6 • 1.8 mi
Grades 7-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 1,973 | 2,868 |
| Lot Size | 1,964 | 6,914 |
| Price | $7.50M | $4.44M |
| Price per sq ft | $3.8K | $1.6K |
| Built year | 2027 | 1970 |
| HOA | $0 | $430 |
| Days on market | 71 | 59 |
May 12, 2026
$7,500,000
Initial Listing
Apr 19, 2024
$5,800,000
Public Record