16 Coral Reef, Newport Coast, CA 92657 - View 1
16 Coral Reef, Newport Coast, CA 92657 - View 2
16 Coral Reef, Newport Coast, CA 92657 - View 3

16 Coral Reef, Newport Coast, CA 92657

Sale Price: $5,100,000
Oct 10, 20243,421 sqft3 beds4 baths
Listed by: Paul Daftarian
License #: 01317949
Phone #: 949-484-0387
Luxe Real Estate
Source:
CRMLS Logo
MLS #: OC24202621

Property Description

Set on a uniquely private lot and positioned to maximize direct views of the Pacific Ocean, 16 Coral Reef provides a rare opportunity to reside in Pelican Ridge Estates amongst the prestigious custom homes in Newport Coast. Boasting approximately 3400 sqft of living space and three spacious bedrooms across multiple levels, this open concept floor plan offers dedicated spaces for guests while maintaining an open- concept floor plan ideal for large scale celebrations and casual living alike. The gourmet chef’s kitchen, with newly updated cabinetry, quartz countertops, and designer lighting provides the perfect focal point to entertain, while the serene backdrop of the Pacific Ocean teases the sky with ever-changing hues of the California skies and water. Upstairs, the expansive master suite, which features the best ocean views on property, provides a hotel-like ambiance that rivals the World Class Pelican Hill Resort just across the way. His and her closets, dual vanities, and designer lighting fixtures highlight the functionality & aesthetic the home provides at the highest level. Downstairs, two dedicated bedrooms + a bonus area provide a distinctly private living space supplementing the main living areas - creating a perfect setting for guests or fellow residents desiring privacy on par with larger, custom homes. Three sets of sliding doors allow one to easily traverse into the oversized outdoor space, complete with a BBQ island with seating, space for sunbathing, and the utmost privacy expected in a community of this caliber. World class community amenities, such as two 24 hour guard gates, community pools, and tennis/ basketball courts, perfectly complement the prestige and ease of living behind the exclusive Pelican Ridge gates.
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

$78,738

TurboHome Estimated Value

$5,374,600

$1,571 sqft

High Valuation
$5,643,330
$1650/sqft
Normal Valuation
$5,374,600
$1571/sqft
Low Valuation
$5,105,870
$1493/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1571/sqft$5,374,600

Neighborhood: Pelican Ridge (NCPR)

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Comparative Value

$4.61M

$5.03M

$5.50M

$6.40M

$7.40M

35 Andiamo, Newport Coast, CA 92657

Sale Price: $4,608,000

Selected Comparable

28 Sunset Cv, Newport Coast, CA 92657

Sale Price: $5,025,000

Selected Comparable

16 Coral Reef, Newport Coast, CA 92657

Sale Price: $5,100,000

Selected Comparable

16 Coral Reef, Newport Coast, CA 92657

List Price: $5,499,995

Subject Property

20 Castellina Dr, Newport Coast, CA 92657

Sale Price: $6,400,000

Selected Comparable

49 Sarteano Dr, Newport Coast, CA 92657

Sale Price: $7,400,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
16 Coral Reef, Newport Coast, CA 92657

16 Coral Reef, Newport Coast, CA 92657

List: $5,499,995

Listed: 10/10/2024

Area:3,421 sqft
Price/sqft:$1,608
Beds:3
Baths:4
Year Built:
Lot Size:7,058

Comparable Properties

COMPARABLE
Choose comps
28 Sunset Cv, Newport Coast, CA 92657

28 Sunset Cv, Newport Coast, CA 92657

Sale: $5,025,000

6/17/20250.16 mi

Area:3,421 sqft
Price/sqft:$1,469
Beds:3
Baths:4
Year Built:
Weight:23.7%
16 Coral Reef, Newport Coast, CA 92657

16 Coral Reef, Newport Coast, CA 92657

Sale: $5,100,000

4/22/20250.00 mi

Area:3,421 sqft
Price/sqft:$1,491
Beds:3
Baths:4
Year Built:
Weight:23.4%
20 Castellina Dr, Newport Coast, CA 92657

20 Castellina Dr, Newport Coast, CA 92657

Sale: $6,400,000

7/24/20251.33 mi

Area:3,646 sqft
Price/sqft:$1,755
Beds:3
Baths:5
Year Built:
Weight:18.7%
49 Sarteano Dr, Newport Coast, CA 92657

49 Sarteano Dr, Newport Coast, CA 92657

Sale: $7,400,000

3/21/20251.11 mi

Area:4,000 sqft
Price/sqft:$1,850
Beds:3
Baths:4
Year Built:
Weight:18.4%
35 Andiamo, Newport Coast, CA 92657

35 Andiamo, Newport Coast, CA 92657

Sale: $4,608,000

9/18/20241.22 mi

Area:3,085 sqft
Price/sqft:$1,494
Beds:3
Baths:3
Year Built:
Weight:15.7%

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