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491 Prospect St, Newport Beach, CA 92663

List Price: $3,389,999On Market FlagOn market
Apr 25, 20252,020 sqft4 beds3 baths
Listed by: Michael Shenkman
License #: 01460198
Phone #: 619-250-3931
Keller Williams RealtyLa Jolla
Source:
CRMLS Logo
MLS #: PTP2502962

Property Description

Discover the pinnacle of coastal living at 491 Prospect Street—a fully rebuilt, luxury residence in the heart of Newport Shores, just steps from the sand. Set on a rare oversized corner lot, this home stands apart with its generous outdoor space, private driveway, and attached two-car garage—offering privacy, parking, and the freedom to expand, a true rarity in this coveted beachside community. Completely reimagined from the ground up in 2020, this home offers the comfort, quality, and peace of mind that comes with something new, with every major system replaced just five years ago—including new electrical, plumbing, sewer, roof, A/C and furnace, tankless water heater, and a whole-house water filtration system. This is not your typical “row home” beach house. Set on a large, private lot with an attached two-car garage and its own driveway, the property offers the space and flexibility so rarely found this close to the coast. There's even room to expand—adding long-term value and lifestyle potential. Inside, the open-concept design flows effortlessly between indoor and outdoor spaces. The custom maple kitchen includes a stylish indoor/outdoor bar perfect for entertaining, while oversized bifold doors open to a private patio with a built-in BBQ and gas firepit—ideal for relaxed coastal evenings. Upstairs, the primary suite is a true retreat, featuring a linear fireplace, spa-like bathroom with a large Kohler bubble tub, and a separate steam shower wrapped in custom tile and glass—an indulgent escape after a day at the beach. Directly across the street, enjoy access to Newport Shores’ coveted amenities: an Olympic-sized pool, tennis and volleyball courts, and a vibrant calendar of community events—all within easy reach of the sand, restaurants, and coastal trails. Beautifully designed, thoughtfully rebuilt, and ideally located, 491 Prospect is a rare opportunity to own a truly turn-key home in one of Newport Beach’s most desirable neighborhoods. Every day feels like a vacation—welcome to Newport Beach living at its best.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$61,353

TurboHome Estimated Value

$3,740,100

$1,852 sqft

High Valuation
$3,927,105
$1944/sqft
Normal Valuation
$3,740,100
$1852/sqft
Low Valuation
$3,553,095
$1759/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1852/sqft$3,740,100

Neighborhood: Newport Shores (NEWS)

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Comparative Value

$2.38M

$2.72M

$3.39M

$4.86M

21772 Windsong Cir, Huntington Beach, CA 92646

Sale Price: $2,375,000

Selected Comparable

436 Holmwood Dr, Newport Beach, CA 92663

Sale Price: $2,720,000

Selected Comparable

491 Prospect St, Newport Beach, CA 92663

List Price: $3,389,999

Subject Property

129 45th St, Newport Beach, CA 92663

Sale Price: $3,417,000

Selected Comparable

223 Canal St, Newport Beach, CA 92663

Sale Price: $3,425,000

Selected Comparable

4015 Marcus Ave, Newport Beach, CA 92663

Sale Price: $4,855,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
491 Prospect St, Newport Beach, CA 92663

491 Prospect St, Newport Beach, CA 92663

List: $3,389,999

Listed: 4/25/2025

Area:2,020 sqft
Price/sqft:$1,678
Beds:4
Baths:3
Year Built:
Lot Size:2,838

Comparable Properties

COMPARABLE
Choose comps
223 Canal St, Newport Beach, CA 92663

223 Canal St, Newport Beach, CA 92663

Sale: $3,425,000

6/16/20250.19 mi

Area:2,562 sqft
Price/sqft:$1,337
Beds:4
Baths:3
Year Built:
Weight:25.0%
436 Holmwood Dr, Newport Beach, CA 92663

436 Holmwood Dr, Newport Beach, CA 92663

Sale: $2,720,000

5/28/20251.49 mi

Area:2,009 sqft
Price/sqft:$1,354
Beds:4
Baths:2
Year Built:
Weight:23.7%
21772 Windsong Cir, Huntington Beach, CA 92646

21772 Windsong Cir, Huntington Beach, CA 92646

Sale: $2,375,000

7/16/20251.18 mi

Area:2,652 sqft
Price/sqft:$896
Beds:4
Baths:3
Year Built:
Weight:22.3%
129 45th St, Newport Beach, CA 92663

129 45th St, Newport Beach, CA 92663

Sale: $3,417,000

3/20/20250.93 mi

Area:2,322 sqft
Price/sqft:$1,472
Beds:5
Baths:4
Year Built:
Weight:16.2%
4015 Marcus Ave, Newport Beach, CA 92663

4015 Marcus Ave, Newport Beach, CA 92663

Sale: $4,855,000

2/18/20251.13 mi

Area:2,608 sqft
Price/sqft:$1,862
Beds:5
Baths:4
Year Built:
Weight:12.9%

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