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16 Faenza, Newport Coast, CA 92657

Sale Price: $6,833,000
Aug 6, 20243,881 sqft4 beds4 baths
Listed by: Michael Fawaz
License #: 01342829
Phone #: 949-922-7762
Compass
Source:
CRMLS Logo
MLS #: NP24116191

Property Description

Main level primary suite ,Ideally located high on the hillside overlooking the serene canyon and Pacific Ocean, discover this immaculate 3881 SF property in the coveted community of Coastal Canyon in Newport Coast. With stunning views to Laguna Beach, the canyon, Pacific Ocean and beyond, this home situated on an expansive 9758 SF lot offers maximum privacy with a functional and stylish floorplan. The main level primary retreat showcases a spa-style bath with jetted tub, separate shower, two vanities, and a large walk-in finished closet with views of the coastline and direct access to the backyard oasis. The gourmet kitchen is spacious and accommodating, flowing through to a traditional great room with a fireplace and custom built-ins. The backyard is a private sanctuary featuring a pool, spa, firepit, lush greenery, trees and flowers with extensive privacy and incredible unobstructed panoramic vistas. Upstairs you’ll find a reading loft, two guest bedrooms and a junior primary suite with gorgeous ocean views and a private bathroom. The main level of this luxury property boasts an office, powder room, massive laundry space, formal dining room and a living room with another cozy fireplace and double paned glass French doors leading outside. Auto enthusiasts will appreciate one single car and an oversized double car garage, along with parking for four on the extra-long driveway. Fresh paint on both the interior and exterior, new carpet, polished travertine floors, and new quartz counters create a light and airy energy in this home. Conveniently located near excellent shops, dining, schools and world-class beaches, tennis courts, basketball courts, community club house and hiking trails.
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

$121,377

TurboHome Estimated Value

$7,520,900

$1,938 sqft

High Valuation
$7,896,945
$2035/sqft
Normal Valuation
$7,520,900
$1938/sqft
Low Valuation
$7,144,855
$1841/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1938/sqft$7,520,900

Neighborhood: Sausalito (SAUS)

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Comparative Value

$5.55M

$5.78M

$6.83M

$6.95M

$7.10M

5 Hidden Pass, Newport Coast, CA 92657

Sale Price: $5,550,000

Selected Comparable

2 Meridian, Newport Coast, CA 92657

Sale Price: $5,600,000

Selected Comparable

5 Wayside, Newport Coast, CA 92657

Sale Price: $5,775,000

Selected Comparable

16 Faenza, Newport Coast, CA 92657

Sale Price: $6,833,000

Selected Comparable

16 Faenza, Newport Coast, CA 92657

List Price: $6,950,000

Subject Property

8 Night Sky, Newport Coast, CA 92657

Sale Price: $7,100,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
16 Faenza, Newport Coast, CA 92657

16 Faenza, Newport Coast, CA 92657

List: $6,950,000

Listed: 8/6/2024

Area:3,881 sqft
Price/sqft:$1,791
Beds:4
Baths:4
Year Built:
Lot Size:9,758

Comparable Properties

COMPARABLE
Choose comps
16 Faenza, Newport Coast, CA 92657

16 Faenza, Newport Coast, CA 92657

Sale: $6,833,000

9/3/20240.00 mi

Area:3,881 sqft
Price/sqft:$1,761
Beds:4
Baths:4
Year Built:
Weight:21.1%
5 Hidden Pass, Newport Coast, CA 92657

5 Hidden Pass, Newport Coast, CA 92657

Sale: $5,550,000

7/14/20250.25 mi

Area:3,858 sqft
Price/sqft:$1,439
Beds:4
Baths:5
Year Built:
Weight:20.3%
5 Wayside, Newport Coast, CA 92657

5 Wayside, Newport Coast, CA 92657

Sale: $5,775,000

3/11/20250.38 mi

Area:3,480 sqft
Price/sqft:$1,659
Beds:4
Baths:4
Year Built:
Weight:19.9%
8 Night Sky, Newport Coast, CA 92657

8 Night Sky, Newport Coast, CA 92657

Sale: $7,100,000

7/16/20250.44 mi

Area:3,912 sqft
Price/sqft:$1,815
Beds:4
Baths:5
Year Built:
Weight:19.8%
2 Meridian, Newport Coast, CA 92657

2 Meridian, Newport Coast, CA 92657

Sale: $5,600,000

6/20/20250.48 mi

Area:3,000 sqft
Price/sqft:$1,867
Beds:4
Baths:4
Year Built:
Weight:18.8%

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