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224 Coral, Newport Beach, CA 92662

$5.65M4bd · 4ba · 3,363 sqft
Lot 3,960 sqft•Single Family Residence•
Active
•9d on market•MLS# NP-26184045

Property Description

Incredible, light-filled oversized home on a rare double-wide corner lot facing Balboa Island’s beautiful Coral Avenue. With 60 feet of frontage, the brick-lined front patio is expansive and inviting, featuring multiple seating options and lush landscaping, including mature trees. Step through the welcoming Dutch door into an elegant and spacious living and dining area. Across the hall is the chef’s kitchen, with high-end appliances and plenty of counter and storage space. The large family room has generously high beamed ceilings, dining space, and a brick fireplace. Sliding doors open to a massive partially covered patio, perfect for entertaining and gathering, with dining space, fountain, and built-in grill. The first level also provides a dedicated laundry room, pantry, bedroom, full bathroom, and 2-car garage plus additional parking space. The second level showcases a substantial primary suite with soaring vaulted ceilings, private deck, deluxe spa-quality bath with extra-wide shower, and walk-in closet. Two guest bedrooms round off this level, one with lofted sleeping area, spacious sitting/gaming space, and balcony. The third level presents an additional bedroom, sitting area, and rooftop deck. Additional amenities include hardwood floors, unique gable-style roof with vaulted ceilings, solar panels, whole-house water filtration system, ample storage space, and brand-new central AC. 224 Coral is a once-in-a-lifetime opportunity; built in 1990 by Dennis Vitarelli, this exceptional home is filled with an abundance of natural light, and its sprawling footprint provides a sense of space, openness, and privacy uncommon on the Island.

Features & Amenities

FeeBuilt 1990

Property Details

Land Type
Fee
Year Built
1990
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central, Forced Air
Cooling
Central Air
View
None
Flooring
Carpet, Wood
Roof
Slate
City
Newport Beach
Zip Code
92662
County
Orange
Listed byUnknown Office, Donald Abrams

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$28,569.47
Principal & Interest
Loan Amount
$4,520,000
Total Interest
$5,765,011
Total Payment Over 30 Years
$10,285,011
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

224 Coral, Newport Beach, CA 92662

Newport Beach · Single Family Residence

$5.65M
Luxury Tier
Beds
4
Baths
4
Sqft
3,363
Lot
3,960 sqft
Year
1990
$/Sqft
$1680
Pool: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

Listed 14.4% below the median closed sale of $6,600,000. Price per sqft ($1,680) is a 36% discount to closed comps ($2,606). Expect a longer timeline — comps averaged 131 days on market. 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 $5.65M· $1,680/sqft
Total list price
Closed comps
vs closed median $6.60M
−$950K (−14.4%)
Active comps
vs active median $7.00M
−$1.34M (−19.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $3,131
−$1K (−46.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
928 Balboa BoulevardNewport Beach2016463,3414,233$4,488$14.99M4589
23 EdgewoodNewport Beach1998443,1004,135$1,451$4.50M11883
1508 Balboa BoulevardNewport Beach2015463,3162,700$2,109$7.00M21381
642 Via Lido NordNewport Beach1981442,9192,880$5,822$17.00M4076
333 Pirate RoadNewport Beach1983543,3597,168$1,785$6.00M4174
Total: 5 · Average4.24.83,2074,223.2$3,131$9.90M91.4
Median3,316$7.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
30 Long BayNewport Beach199909/18/2026443,1004,133$4.58M$4.50M$1,4520.986394
2601 Bayshore DriveNewport Beach199809/08/2026453,6724,000$11.20M$11.00M$2,9960.9819592
18 Rue Grand ValleeNewport Beach197109/08/2026443,2644,692$4.45M$4.45M$1,3631.002381
704 Via Lido NordNewport Beach199408/11/2026453,1743,150$17.89M$16.25M$5,1200.9124278
503 L StreetNewport Beach201809/22/2026453,1483,523$6.89M$6.60M$2,0970.9613078
Total: 5 · Average4.04.63,271.63,899.6$8.56M$8.56M$2,605.6—130.6
Median3,174$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.