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Sold for $5,675,000
  • Listed by: Arbor Real Estate • Brandon Hobbs • Contact: 714-765-9880
    Bought with: Arbor Real Estate
    $5,675,000

    515 Tustin Ave, Newport Beach, CA 92663

    6beds
    4,398sqft
    Single Family Residence
    Built in 2018
    6,375 Square Feet Lot
    $5,675,200 Zestimate®
    $1,290/sqft
    $15,981 Estimated rent

    Home value

    $5,675,200

    $5.28M - $6.13M

    $15,981/mo

    Zestimate® history
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    What's special

    Charming dutch-style entryPrivate balconyInviting gathering spacesRefined finishesCustom walk-in closetHigh ceilingsLight-filled interiors
    Welcome to this beautifully designed, turnkey coastal residence in one of the area’s most desirable neighborhoods. Blending modern luxury with everyday functionality, this home has been thoughtfully curated throughout. A charming Dutch-style entry opens to light-filled interiors, where custom window treatments and expansive sliding doors create a seamless indoor-outdoor flow. The backyard is ideal for entertaining, complete with a built-in barbecue and inviting gathering spaces. A detached guest unit (ADU) adds flexibility that is perfect for visitors, rental potential, or a private office. The property also features a spacious garage with EV charging capability and an efficient split AC system for year-round comfort. The chef’s kitchen is equipped with a six-burner cooktop, high-end appliances, a warming drawer, walk-in pantry, and abundant storage. A cozy breakfast nook offers a relaxed dining option. With six generous bedrooms, each with its own en-suite bath, the home easily accommodates both family and guests. The primary suite serves as a private retreat, featuring a spa-inspired bath with soaking tub, steam shower, custom walk-in closet, and a private balcony. High ceilings and refined finishes enhance the interiors, while the overall layout offers both comfort and versatility. Furnishings may be available, providing a convenient move-in opportunity. This is coastal living at its best, where thoughtful design, comfort, and lifestyle come together effortlessly.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brandon Hobbs DRE #01929235 949-673-7600,

    Arbor Real Estate,

    Tyler Kortie DRE #02193580,

    Arbor Real Estate

    Bought with:

    Andrew Baker, DRE #02049100

    Arbor Real Estate

    Source: CRMLS,MLS#: OC26112573MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Rooms
    • Room types: Bonus Room, Bedroom, Entry/Foyer, Family Room, Guest Quarters, Great Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other, Pantry
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: Bedroom on Main Level
    Bathroom
    • Features: Bathtub, Dual Sinks, Separate Shower, Vanity, Walk-In Shower
    Kitchen
    • Features: Kitchen Island, Walk-In Pantry
    Pantry
    • Features: Walk-In Pantry
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Water Heater, Water Purifier
    • Laundry: Laundry Room
    Features
    • Built-in Features, Tray Ceiling(s), Ceiling Fan(s), Dry Bar, High Ceilings, Open Floorplan, Pantry, Bedroom on Main Level, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
    • Flooring: Wood
    • Has fireplace: Yes
    • Fireplace features: Living Room, Primary Bedroom
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 4,398 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 6,375 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 04903416
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Turnkey
    • New construction: No
    • Year built: 2018

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Gutter(s), Park, Storm Drain(s)
    • Subdivision: Newport Heights (Newh)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,290/sqft
    • Tax assessed value: $5,151,000
    • Annual tax amount: $54,374
    • Date on market: 6/3/2026
    • Cumulative days on market: 10 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan

    Price history

    DateEventPrice
    7/7/2026Sold$5,675,000+3.2%$1,290/sqft
    Source: CRMLS #OC26112573 Report a problem
    5/29/2025Sold$5,500,000+8.9%$1,251/sqft
    Source: CRMLS #OC25052482 Report a problem
    12/1/2023Sold$5,050,000+52.4%$1,148/sqft
    Source: Public Record Report a problem
    12/22/2020Sold$3,313,000+119.4%$753/sqft
    Source: CRMLS #OC20168578 Report a problem
    9/14/2017Sold$1,510,000+11.2%$343/sqft
    Source: Public Record Report a problem
    12/19/2005Sold$1,358,000+86%$309/sqft
    Source: Public Record Report a problem
    2/18/2003Sold$730,000+2181.3%$166/sqft
    Source: Public Record Report a problem
    12/27/1996Sold$32,000$7/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$54,374 +1.4%$5,151,000 +2%
    2024$53,612 +46.8%$5,050,000 +46.5%
    2023$36,513 +1.7%$3,446,845 +2%
    2022$35,911 +2%$3,379,260 +2%
    2021$35,221 +32.8%$3,313,000 +33.4%
    2020$26,517 $2,484,352 +32.2%
    2019$26,517 +31.8%$1,879,702 +28.9%
    2018$20,122 +18.5%$1,458,256 -7.7%
    2017$16,986 $1,580,000 +10%
    2016$16,986 +10.1%$1,437,000 +6.4%
    2015$15,429 +22.8%$1,350,000 +16%
    2014$12,568 $1,163,635 +17%
    2013-- $994,560 +11%
    2012-- $896,000
    2011-- $896,000
    2010-- $896,000 -30%
    2009-- $1,280,000 -7.6%
    2008-- $1,385,160
    2007-- $1,385,160 +2%
    2006-- $1,358,000 +79%
    2005-- $758,501 +2%
    2004-- $743,629 +71.8%
    2003-- $432,945 +2%
    2002-- $424,456 +2%
    2001$4,316 +2.6%$416,134 +2%
    2000$4,207 $407,975
    Find assessor info on the county website

    Neighborhood: 92663

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,675,200
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    Estimated market value
    $5,675,200