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547 Tustin Ave, Newport Beach, CA 92663

Sale Price: $5,725,000
Nov 20, 20244,723 sqft5 beds6 baths
Listed by: Steven Sergi
License #: 01417942
Phone #: 949-673-0789
VALIA Properties
Source:
CRMLS Logo
MLS #: NP24237705

Property Description

A perfect blend of comfort and elegance, this 4,723-square-foot residence, set on a desirable corner lot, offers exceptional indoor-outdoor living. Built in 2014, the home features five spacious bedrooms, each with an ensuite bathroom, providing both luxury and privacy. With 10-foot ceilings on the first floor and large windows throughout, the home is brimming with natural light. The gourmet kitchen boasts stainless steel appliances, custom cabinetry, with an island. Convenience is furthered with a butler’s pantry with wine fridge. The kitchen is adjacent to the great room making it perfect for both casual gatherings and entertaining on a grand scale. The great room opens seamlessly to a private courtyard, complete with a pool, spa, and fountain, perfect for relaxing or dining al fresco. A gated front patio/yard adds both charm and security. Ascending the gently curved staircase, the primary suite serves as a tranquil retreat complete with a fireplace. Completed with a spa-like bathroom with a soaking tub, dual vanities, a walk-in shower, and a generously sized walk-in closet. Large windows frame serene views, further enhancing the suite’s elegance and charm. You’ll additionally find four ensuite bedrooms, an oversized laundry room, and a large bonus room on the second level. A whole home solar systems powers the property, saving energy and dollars throughout the year. The 3-car garage is equipped with a convenient mudroom, adding extra functionality. Located in the highly sought-after Newport Heights community, this home is just moments from parks and top-rated schools. It’s conveniently located near Mariners’ Mile dining, local shopping, and dining, with easy access to beaches, Fashion Island, and Balboa Peninsula. The residence is also within the esteemed Newport-Mesa School District and walking distance from a charming park, ensuring the utmost in coastal convenience and lifestyle.
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

$82,068

TurboHome Estimated Value

$5,733,100

$1,214 sqft

High Valuation
$6,019,755
$1275/sqft
Normal Valuation
$5,733,100
$1214/sqft
Low Valuation
$5,446,445
$1153/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1214/sqft$5,733,100

Neighborhood: Newport Heights (NEWH)

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Comparative Value

$5.65M

$6.00M

$7.15M

$7.39M

$8.00M

2327 Margaret Dr, Newport Beach, CA 92663

Sale Price: $5,650,000

Selected Comparable

547 Tustin Ave, Newport Beach, CA 92663

Sale Price: $5,725,000

Selected Comparable

547 Tustin Ave, Newport Beach, CA 92663

List Price: $5,995,000

Subject Property

2401 Margaret Dr, Newport Beach, CA 92663

Sale Price: $7,150,000

Selected Comparable

320 Fullerton Ave, Newport Beach, CA 92663

Sale Price: $7,395,000

Selected Comparable

2206 Laurel Pl, Newport Beach, CA 92663

Sale Price: $8,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
547 Tustin Ave, Newport Beach, CA 92663

547 Tustin Ave, Newport Beach, CA 92663

List: $5,995,000

Listed: 11/20/2024

Area:4,723 sqft
Price/sqft:$1,269
Beds:5
Baths:6
Year Built:
Lot Size:6,375

Comparable Properties

COMPARABLE
Choose comps
547 Tustin Ave, Newport Beach, CA 92663

547 Tustin Ave, Newport Beach, CA 92663

Sale: $5,725,000

6/18/20250.00 mi

Area:4,723 sqft
Price/sqft:$1,212
Beds:5
Baths:6
Year Built:
Weight:22.6%
2327 Margaret Dr, Newport Beach, CA 92663

2327 Margaret Dr, Newport Beach, CA 92663

Sale: $5,650,000

4/1/20250.17 mi

Area:4,846 sqft
Price/sqft:$1,166
Beds:5
Baths:6
Year Built:
Weight:21.2%
2206 Laurel Pl, Newport Beach, CA 92663

2206 Laurel Pl, Newport Beach, CA 92663

Sale: $8,000,000

5/12/20250.33 mi

Area:5,523 sqft
Price/sqft:$1,448
Beds:5
Baths:6
Year Built:
Weight:19.2%
2401 Margaret Dr, Newport Beach, CA 92663

2401 Margaret Dr, Newport Beach, CA 92663

Sale: $7,150,000

5/29/20250.16 mi

Area:4,433 sqft
Price/sqft:$1,613
Beds:5
Baths:5
Year Built:
Weight:18.8%
320 Fullerton Ave, Newport Beach, CA 92663

320 Fullerton Ave, Newport Beach, CA 92663

Sale: $7,395,000

5/2/20250.35 mi

Area:4,986 sqft
Price/sqft:$1,483
Beds:5
Baths:7
Year Built:
Weight:18.2%

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