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515 Tustin Ave, Newport Beach, CA 92663

Sale Price: $5,500,000
Mar 12, 20254,398 sqft6 beds7 baths
Listed by: Jason Oppenheim
License #: 01863254
Phone #: 949-706-4974
The Oppenheim Group
Source:
CRMLS Logo
MLS #: OC25052482

Property Description

Welcome to 515 Tustin Avenue, a stunning turnkey residence in the highly sought-after Newport Heights neighborhood of Newport Beach. This exceptional home is a showcase of modern luxury, seamlessly blending style, comfort, and practicality. Step through the charming Dutch front door and experience a home where every detail has been thoughtfully curated. Custom window treatments complement expansive sliding doors, creating a seamless connection between indoor and outdoor spaces. The backyard is an entertainer’s dream, featuring a built-in barbecue perfect for hosting gatherings in a picturesque setting. A detached ADU offers incredible versatility—ideal for hosting guests, generating rental income, or serving as a private home office. The three-car garage is equipped with an EV charger hookup, and a high-efficiency split AC system ensures year-round comfort across both levels of the home. The gourmet kitchen is a chef’s delight, boasting a six-burner stovetop, premium Thermador appliances, a warming drawer, a walk-in pantry, and ample storage. A cozy breakfast nook offers the perfect spot for casual dining, while a Kangen alkaline water machine adds an extra touch of luxury. With six spacious bedrooms, each with its own en-suite bathroom, this home is designed to accommodate both family and guests with ease. The primary suite is a private retreat, complete with a steam shower, a luxurious soaking tub, a walk-in closet with custom built-ins, and a private balcony to enjoy the coastal breeze. A double vanity and separate counter space provide the perfect setup for daily routines. High ceilings, luxury vinyl flooring, and elegant finishes elevate the home’s interior, while its location within the esteemed Newport-Mesa School District ensures access to top-rated schools. Plus, with the furniture negotiable in the sale, moving into this exquisite Newport Heights home has never been easier. Experience the best of coastal living at 515 Tustin Avenue—where impeccable design, prime location, and modern convenience come together in perfect harmony.
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

$85,797

TurboHome Estimated Value

$5,607,400

$1,275 sqft

High Valuation
$5,887,770
$1339/sqft
Normal Valuation
$5,607,400
$1275/sqft
Low Valuation
$5,327,030
$1211/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1275/sqft$5,607,400

Neighborhood

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Comparative Value

$5.50M

$5.72M

$7.00M

$7.39M

515 Tustin Ave, Newport Beach, CA 92663

List Price: $5,495,000

Subject Property

515 Tustin Ave, Newport Beach, CA 92663

Sale Price: $5,500,000

Selected Comparable

430 Fullerton Ave, Newport Beach, CA 92663

Sale Price: $5,500,000

Selected Comparable

547 Tustin Ave, Newport Beach, CA 92663

Sale Price: $5,725,000

Selected Comparable

703 Saint James Pl, Newport Beach, CA 92663

Sale Price: $7,000,000

Selected Comparable

320 Fullerton Ave, Newport Beach, CA 92663

Sale Price: $7,395,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
515 Tustin Ave, Newport Beach, CA 92663

515 Tustin Ave, Newport Beach, CA 92663

List: $5,495,000

Listed: 3/12/2025

Area:4,398 sqft
Price/sqft:$1,249
Beds:6
Baths:7
Year Built:
Lot Size:6,375

Comparable Properties

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

515 Tustin Ave, Newport Beach, CA 92663

Sale: $5,500,000

5/29/20250.00 mi

Area:4,398 sqft
Price/sqft:$1,251
Beds:6
Baths:7
Year Built:
Weight:24.5%
430 Fullerton Ave, Newport Beach, CA 92663

430 Fullerton Ave, Newport Beach, CA 92663

Sale: $5,500,000

2/27/20250.24 mi

Area:4,398 sqft
Price/sqft:$1,251
Beds:6
Baths:7
Year Built:
Weight:22.7%
703 Saint James Pl, Newport Beach, CA 92663

703 Saint James Pl, Newport Beach, CA 92663

Sale: $7,000,000

8/20/20240.64 mi

Area:4,400 sqft
Price/sqft:$1,591
Beds:6
Baths:6
Year Built:
Weight:18.4%
320 Fullerton Ave, Newport Beach, CA 92663

320 Fullerton Ave, Newport Beach, CA 92663

Sale: $7,395,000

5/2/20250.30 mi

Area:4,986 sqft
Price/sqft:$1,483
Beds:5
Baths:7
Year Built:
Weight:17.4%
547 Tustin Ave, Newport Beach, CA 92663

547 Tustin Ave, Newport Beach, CA 92663

Sale: $5,725,000

6/18/20250.08 mi

Area:4,723 sqft
Price/sqft:$1,212
Beds:5
Baths:6
Year Built:
Weight:17.0%

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