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Inside the $25.8 Million Sale of 1 Premiere Pt, Newport Coast

Location: Newport Coast, CA

Size:0.68 acres

Price: $25.8 million

Specs: 11,402 sq ft

Year: 2002

Rooms: 6 beds, 6.5 bath

On November 9, 2023, a spectacle of luxury real estate history was etched in Newport Coast, California, as the prestigious 1 Premiere Point property changed hands, marking a significant milestone in the area’s high-end property market.

Let’s take a closer look at this palatial estate that fetched an astounding $25.8 million and discover what makes it an unparalleled gem in the landscape of coastal extravagance.

Unraveling the Opulence

Address and Location

1 Premiere Point, nestled in the heart of Newport Coast, stands as a testament to unparalleled luxury living.

Spanning an impressive 11,402 square feet on a sprawling 0.68-acre lot, this single-family estate graces the coveted front row, overlooking the picturesque coastline.

Unmatched Features

Interior Splendor

The property boasts 6 bedrooms, 9 bathrooms, and a suite of lavish amenities spread across its grand expanse.

A recent interior refresh adds modern flair to its classic charm, offering a palatial living experience. From sun-drenched limestone walls to a slate roof, every detail exudes sophistication.

Entertainment and Comfort

Entertaining guests is effortless with a 2-story library, a dedicated theater featuring state-of-the-art technology, a large wine cellar, and a full home gym. The 10-car garage ensures ample space for automotive enthusiasts.

Outdoor Extravagance

Outside, the grounds enchant with covered loggias, a barbecue pavilion, an infinity pool, spa, formal gardens, and a koi pond with a cascading waterfall.

Whether hosting grand soirées or intimate gatherings, the property provides an idyllic backdrop for creating enduring memories.

Neighborhood and Lifestyle

Situated on a tranquil cul-de-sac, 1 Premiere Point offers proximity to Pelican Hill Resort and Golf Club, Fashion Island, esteemed dining establishments, and the beautiful beaches of Newport and Laguna, providing an all-encompassing coastal lifestyle.

Unprecedented Value

Pricing and Comparative Analysis

At $2,263 per square foot, this sale stands as a testament to the exclusivity and desirability of the property.

Notably, it commands a 323.68% premium compared to neighboring properties, signifying its unrivaled allure and value in the real estate market.

Market Insights

Despite a relatively short time on the market, the property’s exceptional features and prime location contributed to its swift sale, underlining the demand for luxurious coastal estates in Newport Coast.

The Final Verdict

A Glimpse into Opulence

1 Premiere Point isn’t just a property; it’s a testament to elevated living. With its breathtaking vistas, opulent interiors, and a wealth of amenities tailored for the discerning few, it embodies the epitome of luxury living in Newport Coast.

The Legacy Continues

As this illustrious property changes hands, it leaves behind a legacy of grandeur and sophistication, setting a benchmark for future luxury real estate endeavors in the region.

In conclusion, the sale of 1 Premiere Point, Newport Coast, at $25.8 million reinforces the notion that luxury isn’t just about price; it’s about the unparalleled experience and the lifestyle it offers, encapsulating the essence of coastal extravagance.

Whether it’s the commanding views, the meticulously designed interiors, or the seamless blend of opulence and comfort, this estate remains an icon in Newport Coast’s prestigious real estate landscape.

The legacy of 1 Premiere Point endures, resonating with those who value not just a home, but an unparalleled living experience.

See Realtor Listing

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