8 Pinnacle, Newport Coast, California 92657, Newport Coast, 92657 - 5 bed, 6 bath

8 Pinnacle, Newport Coast, California 92657 home-pic-0
ACTIVE$10,995,000
8 Pinnacle, Newport Coast, California 92657
5Beds
6Baths
5,382Sqft
15,500Lot
Year Built
1997
Close
-
List price
$10.99M
Original List price
$11.57M
Price/Sqft
$2,043
HOA
$935
Days on market
-
Sold On
-
MLS number
OC24146140
Home ConditionExcellent
Features
Good View: Ocean, Peek-A-Boo
Deck
Pool
Spa
Patio
ViewOcean, Peek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $10.99M(81th), sqft - 5382(86th), beds - 5(74th), baths - 6(79th).

Welcome to this stunning 5 bedroom, 6 bathroom residence, nestled on an oversized premier corner lot within the prestigious 24-hour guard gated community of Pelican Ridge on Newport Coast. In addition to the ocean views from upstairs bedrooms, office and balcony, this exquisite home offers unparalleled luxury and sophistication, complemented by breathtaking views. Step inside to discover a beautifully designed open-concept floor plan that seamlessly integrates indoor and outdoor living. This modern transitional home with its expansive windows and French doors throughout bathe the interior in natural light, highlighting the meticulous craftsmanship and attention to detail. The gourmet kitchen is a chefs dream, featuring Taj Mahal counter tops, top of the line Wolf appliances, including two dishwashers and an 8 burner gas range with dual oven. Adjacent to the kitchen an elegant living space flooded with natural light provides ample space for gatherings with family and friends. Each of the five generously sized bedrooms has an en-suite, offering ultimate privacy and comfort. The master suite is a true retreat, boasting a luxurious spa-like bathroom, a private balcony with sweeping views and a custom walk-in closet adjacent to a private workout room that can be converted to additional closet space. The entire home recently underwent extensive remodeling, with new carpets throughout, fresh interior and exterior paint, three new vanities, and much more. Additional amenities include an executive office, a cozy formal living room with open fireplace, formal dining room and a three car garage with ample storage space. Outside, the beautifully landscaped backyard is an entertainer’s paradise. Enjoy the serene ambiance with sparkling swimming pool, relaxing jacuzzi, built in barbecue and charming fire pit. The 0.36 acre, corner lot with lush greenery and tranquil setting create the perfect backdrop for outdoor relaxation and entertainment. Located in the heart of the luxurious Newport Coast, close to the world-renowned Pelican Hill Resort and golf course, this magnificent home offers the best of coastal living. Experience the ultimate in luxury and comfort in this exceptional Pelican Ridge residence.

Nearby schools

9/10
Newport Coast Elementary School
Public,PK-60.7mi
9/10
Harbor View Elementary School
Public,PK-62.2mi
9/10
El Morro Elementary School
Public,K-53.1mi
9/10
Thurston Middle School
Public,6-85.1mi
9/10
Corona Del Mar High School
Public,7-123.7mi
9/10
Laguna Beach High School
Public,9-124.9mi
Condition Rating
Excellent

Built in 1997, this property has recently undergone an extensive, high-quality renovation, aligning with the 'extensively renovated within 5 years' criteria. The gourmet kitchen features top-of-the-line Wolf appliances and Taj Mahal countertops, while the bathrooms boast new vanities and a luxurious, spa-like master bath. New carpets, fresh paint, and modern light fixtures throughout contribute to a virtually new condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Corona Del Mar High School (9/10).
Exclusive Guard-Gated Community: Located in the prestigious 24-hour guard-gated Pelican Ridge Estates, offering enhanced security and a luxurious lifestyle in Newport Coast.
Extensive Recent Remodel: The property has undergone a comprehensive recent remodel, including new carpets, fresh paint, and updated fixtures, providing a modern and turnkey living experience.
Gourmet Kitchen & En-Suite Bedrooms: Features a chef's dream gourmet kitchen with high-end Wolf appliances and Taj Mahal countertops, complemented by five generously sized bedrooms, each with its own en-suite bathroom.
Resort-Style Outdoor Amenities: The oversized corner lot boasts a beautifully landscaped backyard with a sparkling pool, jacuzzi, built-in barbecue, and fire pit, perfect for entertaining.
Ocean Views & Master Retreat: Offers desirable ocean views from upper levels and a luxurious master suite complete with a spa-like bathroom, private balcony, and a dedicated workout room.

Cons

High Monthly Association Fees: The property incurs a substantial monthly association fee of $935.00, which is a notable ongoing cost for potential buyers.
Above Estimated Market Value: The current list price is approximately 11% higher than the property's estimated value, potentially impacting buyer perception and negotiation.
Partial Ocean Views: While ocean views are present, the 'Peek-A-Boo' designation suggests they may not be fully panoramic or unobstructed from all areas, which could be a consideration for buyers prioritizing expansive vistas.

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