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1517 Miramar Drive, Newport Beach, CA 92661

$6.25M4bd · 4ba · 2,554 sqft
Lot 2,450 sqft•Single Family Residence•
Active
•33d on market•MLS# NP-26210684

Property Description

Rich in authentic coastal character, this exceptional newly rebuilt four-bedroom, three-and-one-half-bath Peninsula Point residence offers a sophisticated interpretation of the classic Newport Beach cottage. Timeless architecture and beautifully considered interiors are elevated by bespoke craftsmanship, fine European fixtures and finishes, and a warm, layered palette of natural materials. Beyond its classic shingled façade and welcoming Dutch door, the interiors unfold with an understated sense of luxury. European oak floors flow throughout, complemented by extensive custom cabinetry and millwork and a curated collection of designer lighting. Generous windows and doors invite abundant natural light, while European limestone, handmade tile-work, honed marble, soapstone, and polished nickel fixtures lend depth, texture, and an artisanal quality to the home. A reclaimed brick fireplace, framed by custom cabinetry and built-in bookcases, gives the great room its distinctive sense of warmth and character. Expansive sliding doors open to the front terrace overlooking the park, where a fire pit creates an inviting outdoor gathering space and a natural extension of the interiors. At the heart of the home, the spacious kitchen is both beautifully appointed and highly functional, with custom cabinetry, a walk-in pantry, honed stone surfaces, an Italian-made ILVE range, and premier Sub-Zero, Wolf, and Cove appliances. A dedicated bar with beverage center complements the entertaining spaces, while the dining room is distinguished by a custom built-in hutch crafted as an integral part of the home’s millwork. The thoughtfully conceived four-bedroom plan includes a primary suite, junior primary suite, and two additional guest bedrooms. The primary offers a serene retreat with a spa-like bath featuring a steam shower, heated floors, European limestone, handcrafted tile, and polished nickel Waterworks fixtures. A second-floor deck provides another inviting outdoor setting for enjoying the coastal surroundings. A large two-car garage and full-size carport provide exceptional parking for the neighborhood, while a vintage-inspired outdoor beach shower awaits sandy feet after a day at the beach. Refined yet relaxed, 1517 Miramar captures the enduring appeal of Peninsula Point—the warmth and authenticity of a quintessential Newport Beach cottage, elevated by exceptional craftsmanship, sophisticated materials, and an effortless connection to its coastal setting.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air, Zoned
View
Park/Greenbelt
Flooring
Stone, Wood
City
Newport Beach
Zip Code
92661
County
Orange
Listed byColdwell Banker Realty, Tara Foster Shapiro

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$31,603.40
Principal & Interest
Loan Amount
$5,000,000
Total Interest
$6,377,224
Total Payment Over 30 Years
$11,377,224
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1517 Miramar Drive, Newport Beach, CA 92661

Newport Beach · Single Family Residence

$6.25M
Luxury Tier
Beds
4
Baths
4
Sqft
2,554
Lot
2,450 sqft
Year
2026
$/Sqft
$2447
Pool: No✓
Spa: No✓
View: Park/Greenbelt✓
Garage: 2-car✓

Listed 5.3% below the median closed sale of $6,600,000. Price per sqft ($2,447) is a 10% premium to closed comps ($2,223). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $6.25M· $2,447/sqft
Total list price
Closed comps
vs closed median $6.60M
−$350K (−5.3%)
Active comps
vs active median $6.60M
−$350K (−5.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,432
+$15 (+0.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1617 Balboa BoulevardNewport Beach1929432,0783,080$2,575$5.35M10987
1508 Balboa BoulevardNewport Beach2015463,3162,700$2,109$7.00M23387
1303 Balboa BoulevardNewport Beach1972332,5622,400$2,576$6.60M18884
2508 Ocean BoulevardCorona del Mar2000442,7873,298$2,438$6.79M13083
119 OpalNewport Beach2001332,3542,550$2,463$5.80M3677
Total: 5 · Average3.63.82,619.42,805.6$2,432.2$6.31M139.2
Median2,562$6.60M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1305 Balboa BoulevardNewport Beach193011/10/2025342,6342,400$7.50M$6.92M$2,6290.9212884
118 SapphireNewport Beach200910/30/2026342,3212,550$6.39M$6.28M$2,7040.985281
503 L StreetNewport Beach201809/22/2026453,1483,523$6.89M$6.60M$2,0970.9613177
2149 Ocean BoulevardNewport Beach201601/07/2026353,2842,711$6.65M$6.55M$1,9950.9813176
1701 Balboa BoulevardNewport Beach200505/14/2026563,9633,375$6.80M$6.70M$1,6910.987675
Total: 5 · Average3.64.83,0702,911.8$6.61M$6.61M$2,223.2—103.6
Median3,148$6.60M$6.60M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.