Price: $3,295,000
Beds: 5
Baths: 5 full, 1 half
Living Area SqFt: 3,905
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.17
Lot Size SqFt: 7,300
Year Built: 1963
Neighborhood: Not Listed
Days on Website: 1

Courtesy of Matthew Grubisich, Mosaik Real Estate 415-205-0742

Property Description

Situated on a prominent corner lot in one of Orange County’s most connected locations, this thoughtfully designed three-story residence offers exceptional flexibility, privacy, and income potential in the heart of Newport Beach. Spanning approximately 3,904 square feet, the home features 5 bedrooms and 5.5 bathrooms, carefully designed to accommodate multigenerational living, guest privacy, work-from-home lifestyles, or potential rental opportunities. At the top of the home, a third-story penthouse retreat captures sweeping views and offers the perfect private suite. Throughout the home, thoughtful details elevate everyday living, including five jetted bathtubs for a true spa-like experience and abundant storage space rarely found in today’s homes. Car enthusiasts, hobbyists, and adventurers alike will appreciate the two separate 2-car garages, including a detached garage structure with an oversized driveway suitable for RV parking, additional vehicles, or flexible use potential. Ideally located in the heart of Orange County, the property places Newport Beach, Irvine, Costa Mesa, and Tustin just moments away. Enjoy close proximity to world-class shopping and dining at Fashion Island and South Coast Plaza, cultural attractions including South Coast Repertory, recreation at Newport Beach Golf Course and Santa Ana Country Club, nearby beaches, the Orange County Fairgrounds, John Wayne Airport, and convenient access to the 405, 5, 55, and 73 freeways. A rare opportunity combining size, versatility, location, and long-term potential in a highly sought-after coastal-adjacent setting. A home designed not only for how life looks today — but for all the ways it may evolve tomorrow.

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Property Details and Features

  • Appliances & Equipment
  • Appliances: “Electric Range”, “Refrigerator”, “Dryer”, “Washer”, “Electric Water Heater”
  • Bathrooms
  • 5 full bathrooms
  • 5 total bathrooms
  • Bedrooms
  • 5 bedrooms
  • Building
  • Construction Materials: “Stucco”
  • Living Area: 3905
  • Year Built: 1963
  • Level – Street: “5 Bedrooms”, “5+ Baths”
  • Cooling
  • Cooling: “Ceiling Fan(s)”, “Central Air”
  • Cooling Included
  • Fireplaces
  • Fireplace Included
  • Floors
  • Flooring: “Tile”, “Carpet”
  • Garage
  • 2 garage spaces
  • Garage Included
  • Heating
  • Heating: “Central”, “Fireplace(s)”
  • Heating Included
  • Laundry
  • Features: “220 Volt Outlet”, “Dryer”, “Washer”
  • Location
  • Subdivision Name: Not Listed
  • Lot
  • Lot Features: “Corner Lot”
  • Lot Size Acres: 0.1676
  • Lot Size Area: 7300
  • Lot Size Square Feet: 7300
  • Parking
  • Parking Features: “Attached”, “Detached”, “RV/Boat Parking”, “Side Yard Access”, “RV Access/Parking”
  • Pool
  • Pool Features: “None”
  • Property
  • Property Condition: “Existing”
  • Property Sub Type: Single Family Residence
  • Roof
  • Roof: “Composition Shingles”
  • Utilities
  • Electric: “No Solar”
  • Water Source: “Meter on Site”
  • Listing
  • Sale/rent: For Sale
  • $844 per square foot

Property Map

$3,295,000 – 1622 Pegasus St, Newport Beach, CA 92660

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