
1622 Pegasus St, Newport Beach, CA 92660
1622 Pegasus St, Newport Beach, CA 92660
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Newport Beach · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1114 Balboa Boulevard | Newport Beach | 1963 | 5 | 6 | 3,821 | 8,520 | $6,791 | $25.95M | 40 | 70 |
| 2207 Port Harwick | Newport Beach | 1973 | 4 | 5 | 3,640 | 7,797 | $1,729 | $6.29M | 55 | 67 |
| 333 Pirate Road | Newport Beach | 1983 | 5 | 4 | 3,359 | 7,168 | $1,785 | $6.00M | 40 | 66 |
| 20321 Orchid | Newport Beach | 2025 | 4 | 5 | 3,962 | 8,370 | $1,489 | $5.90M | 1 | 65 |
| 1915 LEEWARD | Newport Beach | 1963 | 4 | 4 | 3,930 | 8,814 | $1,349 | $5.30M | 29 | 64 |
| Total: 5 · Average | 4.4 | 4.8 | 3,742.4 | 8,133.8 | $2,628.6 | $9.89M | 33 | |||
| Median | 3,821 | $6.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1615 Lincoln Lane | Newport Beach | 2023 | 08/10/2026 | 4 | 4 | 3,380 | 8,580 | $7.00M | $6.75M | $1,997 | 0.96 | 34 | 68 |
| 23 Cervantes | Newport Beach | 1999 | 07/02/2026 | 5 | 5 | 4,139 | 7,151 | $5.70M | $5.70M | $1,377 | 1.00 | 48 | 68 |
| 1849 Port Wheeler Place | Newport Beach | 1970 | 06/01/2026 | 5 | 5 | 3,674 | 6,215 | $7.59M | $7.60M | $2,069 | 1.00 | 48 | 67 |
| 10 Cape Andover | Newport Beach | 1998 | 07/24/2026 | 5 | 4 | 4,060 | 6,902 | $5.35M | $5.40M | $1,330 | 1.01 | 92 | 66 |
| 1943 Port Provence | Newport Beach | 1997 | 06/30/2026 | 6 | 5 | 4,167 | 7,020 | $7.70M | $7.00M | $1,680 | 0.91 | 68 | 65 |
| Total: 5 · Average | 5.0 | 4.6 | 3,884 | 7,173.6 | $6.49M | $6.49M | $1,690.6 | — | 58 | ||||
| Median | 4,060 | $6.75M | $6.75M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.