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38 Palazzo, Newport Beach, CA 92660

$8.49M5bd · 7ba · 5,351 sqft
Lot 10,103 sqft•HOA $475/mo•Single Family Residence•
Active
•5d on market•MLS# NP-26135875

Property Description

A beautifully reimagined estate where refined interiors, resort-inspired grounds, and effortless indoor-outdoor living create one of Bonita Canyon's most exceptional offerings. Gracefully positioned on a coveted corner parcel within guard-gated Bonita Canyon, this extraordinary 5,510-square-foot residence has undergone a remarkable transformation including expanding the family room, blending timeless architecture with sophisticated contemporary design. Offering five bedrooms and six and a half baths, including a sought-after main-level bedroom suite, the home is defined by wide-plank hardwood flooring, custom millwork, dramatic archways, and curated designer finishes that create a warm and refined atmosphere throughout. The heart of the home is a stunning chef's kitchen featuring custom white oak cabinetry, premium appliances, dual sinks, exquisite stone surfaces, an oversized center island, and a retractable serving window that seamlessly connects to the outdoor entertaining pavilion. Expansive disappearing walls of glass blur the distinction between indoors and out, opening to a truly resort-inspired setting. Surrounded by mature bamboo and lush landscaping, the grounds feature a spectacular pool and spa with cascading water features, expansive patios, a covered outdoor kitchen and bar, and a breathtaking custom aquarium that creates a one-of-a-kind entertainment experience, and a full exterior bath for pool use. The residence also offers a richly appointed executive office with illuminated built-ins, spacious secondary bedrooms, a flexible bonus room, and an extraordinary primary retreat complete with a private sitting room and fireplace, spa-inspired bath with freestanding soaking tub and oversized shower, and a boutique-quality dressing room rivaling those found in luxury estates. A rare offering where impeccable craftsmanship, resort-caliber amenities, and effortless indoor-outdoor living come together to create an exceptional Newport Beach lifestyle. Bonita Canyon Amenities include, Jr. Size olympic pool, tennis court, tot lot, Greenbelts, Picnic area, and Gate Guarded access to the community.

Features & Amenities

FeeBuilt 1998

Property Details

Land Type
Fee
Year Built
1998
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Forced Air
Cooling
Central Air
View
None
Roof
Tile
City
Newport Beach
Zip Code
92660
County
Orange
Listed byBerkshire Hathaway HomeService, Mehdi Khosh

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$42,930.06
Principal & Interest
Loan Amount
$6,792,000
Total Interest
$8,662,822
Total Payment Over 30 Years
$15,454,822
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

38 Palazzo, Newport Beach, CA 92660

Newport Beach · Single Family Residence

$8.49M
Luxury Tier
Beds
5
Baths
7
Sqft
5,351
Lot
10,103 sqft
Year
1998
$/Sqft
$1587
Pool: Yes✓
Spa: Yes✓
View: None✓
Garage: 3-car✓

Listed 12.9% above the median closed sale of $7,520,000. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $8.49M· $1,587/sqft
Total list price
Closed comps
vs closed median $7.52M
+$970K (+12.9%)
Active comps
vs active median $7.99M
+$500K (+6.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,762
−$175 (−9.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3 Weybridge CourtNewport Beach1985466,5008,715$1,198$7.79M878
1700 Port AshleyNewport Beach2025664,2267,452$1,893$8.00M9277
81 Royal Saint George RoadNewport Beach1981576,89412,846$1,159$7.99M8077
2 Rue BiarritzNewport Beach2021564,0065,130$1,871$7.50M2472
1961 Port Cardigan PlaceNewport Beach1970573,3118,362$2,688$8.90M20065
Total: 5 · Average5.06.44,987.48,501$1,761.8$8.03M80.8
Median4,226$7.99M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
9 BoardwalkNewport Beach199902/24/2026554,94010,037$7.39M$7.45M$1,5071.012789
8 Gleneagles DriveNewport Beach199801/22/2026565,1308,596$7.55M$7.52M$1,4661.009884
17 NapoliNewport Beach198409/30/2026587,8449,600$7.79M$7.38M$9410.958477
1849 Port Wheeler PlaceNewport Beach197006/01/2026553,6746,215$7.59M$7.60M$2,0691.004970
1941 Port ChelseaNewport Beach201404/08/2026564,3457,280$8.99M$9.20M$2,1171.025767
Total: 5 · Average5.06.05,186.68,345.6$7.83M$7.83M$1,620—63
Median4,940$7.52M$7.52M

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.