318 Coronado Street, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$6,495,000
318 Coronado Street, Newport Beach, California 92661
3Beds
5Baths
2,565Sqft
2,100Lot
Year Built
2023
Close
-
List price
$6.5M
Original List price
$6.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25223570
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Ocean
Deck
ViewBay,City Lights,Ocean

About this home

Welcome to 318 Coronado Street, a stunning custom-built 3-bedroom, 5-bathroom home located just two doors from the bay on the coveted Balboa Peninsula. This elevated corner residence offers panoramic views of the Newport Harbor, abundant indoor/outdoor living space, three-car parking (two-car garage plus an oversized carport), and a private elevator serving all three levels. The main level features a gourmet kitchen with a large island and high-end appliances, and a large great room that flows seamlessly out to a spacious front patio with bay views. A custom metal spiral staircase—paired with the elevator—leads to the second level with two guest suites, a laundry room, and a luxurious primary suite which includes a private balcony, dual vanities, soaking tub inside a walk-in shower, and a large walk-in closet. The show-stopping rooftop deck on the third floor spans two outdoor living areas: one with covered seating, a fireplace, TV, and wet bar, and the other with open-air lounging and views stretching from the ocean to Fashion Island - all perfect for al fresco dining and entertaining. This thoughtfully designed home blends refined craftsmanship with effortless beach living in one of Newport Beach’s most desirable locations.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.9mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.4mi

Price History

Date
Event
Price
09/23/25
Listing
$6,495,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds33
50%
Baths54
68%
Square foot2,5652,565
50%
Lot Size2,1002,625
16%
Price$6.5M$6.5M
48%
Price per square foot$2,532$2,784
48%
Built year20231999
96%
HOA
Days on market43204
8%
Condition Rating
Excellent

This property, built in 2023, is a brand new custom-built home. The description highlights a 'gourmet kitchen with high-end appliances' and a 'luxurious primary suite' with premium finishes. The images confirm a pristine condition throughout, featuring modern light wood cabinetry, white marble countertops, integrated appliances, and a farmhouse sink in the kitchen. Bathrooms showcase dual vanities, contemporary fixtures, and a luxurious walk-in shower with a soaking tub. All flooring is new light wood, lighting is recessed and modern, and all components are virtually new, meeting the highest quality standards with no signs of wear or deferred maintenance. The property fully aligns with the 'Excellent' criteria for a newly built, high-end residence.
Pros & Cons

Pros

Unbeatable Location & Panoramic Views: Prime Balboa Peninsula location, just two doors from the bay, offering panoramic views of Newport Harbor, the ocean, and city lights from multiple levels, including a spectacular rooftop deck.
Brand New Custom Construction: Built in 2023, this stunning custom-designed home features refined craftsmanship and modern amenities, ensuring a move-in ready luxury experience.
Exceptional Indoor/Outdoor Living: Abundant and thoughtfully designed indoor/outdoor spaces, including a spacious front patio and a multi-zone rooftop deck with a fireplace, TV, and wet bar, perfect for entertaining.
Luxury Appointments & Accessibility: Features a gourmet kitchen with high-end appliances, a luxurious primary suite with premium finishes, and a private elevator serving all three levels, enhancing comfort and accessibility.
Rare Ample Parking: Offers three-car parking (two-car garage plus an oversized carport), a significant and highly desirable amenity in the dense Balboa Peninsula area.

Cons

Compact Lot Size: The 2,100 sqft lot size is relatively small, which may limit traditional ground-level yard space, a common characteristic for peninsula properties but a consideration for some buyers.
No Explicit Mention of Cooling System: While a new build with luxury features, the description does not explicitly state the presence of a central air conditioning system, which could be a potential concern during warmer periods.
Potential for Ambient Noise/Traffic: As an elevated corner residence on the popular Balboa Peninsula, there may be a higher potential for ambient noise or foot traffic, impacting overall tranquility despite the prime location.

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