16 Coral Reef, Newport Coast, CA 92657

$5,995,000 Asking Price

3 beds
4 baths
3,421  sqft
Built in 1997

Set on a uniquely private lot and positioned to maximize direct views of the Pacific Ocean, 16 Coral Reef provides a rare opportunity to reside in Pelican Ridge Estates amongst the prestigious custom homes in Newport Coast. Boasting approximately 3400 sqft of living space and three spacious bedrooms across multiple levels, this open concept floor plan offers dedicated spaces for guests while maintaining an open- concept floor plan ideal for large scale celebrations and casual living alike. The gourmet chefs kitchen, with newly updated cabinetry, quartz countertops, and designer lighting provides the perfect focal point to entertain, while the serene backdrop of the Pacific Ocean teases the sky with ever-changing hues of the California skies and water. Upstairs, the expansive master suite, which features the best ocean views on property, provides a hotel-like ambiance that rivals the World Class Pelican Hill Resort just across the way. His and her closets, dual vanities, and designer lighting fixtures highlight the functionality & aesthetic the home provides at the highest level. Downstairs, two dedicated bedrooms + a bonus area provide a distinctly private living space supplementing the main living areas - creating a perfect setting for guests or fellow residents desiring privacy on par with larger, custom homes. Three sets of sliding doors allow one to easily traverse into the oversized outdoor space, complete with a BBQ island with seating, space for sunbathing, and the utmost privacy expected in a community of this caliber. World class community amenities, such as two 24

Features & Amenities

Interior

General:
Balcony,Granite Counters,Living Room Balcony,Pull Down Stairs to Attic,Recessed Lighting,Two Story Ceilings
Laundry:
Laundry Room
Flooring:
Tile,Wood
A/C:
Central Forced Air,Dual
Heating:
Fireplace,Forced Air Unit
Fireplace:
FP in Family Room,Gas,Gas Starter
Disability Feature:
Parking

Exterior

Style:
Mediterranean/Spanish
Pool:
Below Ground,Community/Common,Association,Heated Pool,Fenced
Parking:
Driveway, Parking spaces: 5

Construction

General:
3 Story

Location

HOA Amenities:
533.0, Monthly
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
47712110
View:
Ocean,Panoramic,Coastline

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Luxe Real Estate, Paul Daftarian

About Newport Coast, CA

Housing

Number of Units
4,754
Median Home Value
$1,158,767
Median Rent
$1,986

21.61% of housing units are renter occupied.

10.11% are vacant.

Commute

Car
51.64%
Public Transportation
0.00%
Walk to Work
0.89%
Work from Home
47.03%
Other
0.43%

The median travel time to work is 18 minutes.

People

Population
11,130
Median Age
48.50
Median Household Size
2.74

Education

High School
6.92%
Associate’s Degree
4.44%
Bachelor’s Degree
40.03%
Graduate Degree
37.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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