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1622 Pegasus St, Newport Beach, CA 92660

$3.19M5bd · 6ba · 3,905 sqft
Lot 7,300 sqft•Single Family Residence•
Active
•136d on market•MLS# 01-41135880

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 3,905 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.

Features & Amenities

FeeBuilt 1963

Property Details

Land Type
Fee
Year Built
1963
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
8
Garage Spaces
2
Cooling
Central Air
Flooring
Carpet, Tile
Roof
Shingle
City
Newport Beach
Zip Code
92660
County
Orange
Listed byMosaik Real Estate, Matthew Grubisich

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$16,155.66
Principal & Interest
Loan Amount
$2,556,000
Total Interest
$3,260,037
Total Payment Over 30 Years
$5,816,037
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

1622 Pegasus St, Newport Beach, CA 92660

Newport Beach · Single Family Residence

$3.19M
Luxury Tier
Beds
5
Baths
6
Sqft
3,905
Lot
7,300 sqft
Year
1963
$/Sqft
$818
Pool: No✓
View: golf✓
Garage: 2-car✓

Listed 52.7% below the median closed sale of $6,750,000. Price per sqft ($818) is a 52% discount to closed comps ($1,691). 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 $3.19M· $818/sqft
Total list price
Closed comps
vs closed median $6.75M
−$3.56M (−52.7%)
Active comps
vs active median $6.00M
−$2.80M (−46.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,629
−$2K (−68.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1114 Balboa BoulevardNewport Beach1963563,8218,520$6,791$25.95M4070
2207 Port HarwickNewport Beach1973453,6407,797$1,729$6.29M5567
333 Pirate RoadNewport Beach1983543,3597,168$1,785$6.00M4066
20321 OrchidNewport Beach2025453,9628,370$1,489$5.90M165
1915 LEEWARDNewport Beach1963443,9308,814$1,349$5.30M2964
Total: 5 · Average4.44.83,742.48,133.8$2,628.6$9.89M33
Median3,821$6.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1615 Lincoln LaneNewport Beach202308/10/2026443,3808,580$7.00M$6.75M$1,9970.963468
23 CervantesNewport Beach199907/02/2026554,1397,151$5.70M$5.70M$1,3771.004868
1849 Port Wheeler PlaceNewport Beach197006/01/2026553,6746,215$7.59M$7.60M$2,0691.004867
10 Cape AndoverNewport Beach199807/24/2026544,0606,902$5.35M$5.40M$1,3301.019266
1943 Port ProvenceNewport Beach199706/30/2026654,1677,020$7.70M$7.00M$1,6800.916865
Total: 5 · Average5.04.63,8847,173.6$6.49M$6.49M$1,690.6—58
Median4,060$6.75M$6.75M

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.