A refined contemporary masterpiece in Newport Heights, 516 Tustin Avenue presents serene, minimalist living spaces filled with natural light, warm natural materials, thoughtful amenities and breathtaking luxury elements. This home has been expertly imagined to accommodate and a range of resident needs and desires. Inside, find five bedrooms, six full baths and one powder room, set over two levels and 5,800 square feet. The airy main level presents 10-foot ceilings, operable skylights, a formal living room and dining room and a wet bar. A sunlit chef’s kitchen boasts custom white oak cabinetry, a pantry, and Bosch, Sub-Zero and Wolf appliances. The main level’s living spaces lead to an open-air courtyard with a firepit capturing the best of breezy indoor-outdoor California living. Ascend a floating staircase to the second level, which is home to the primary suite with balcony, and generously sized bedrooms, each with a walk-in or built-in closet. The fifth bedroom suite provides its own entrance and adjacent to the media/bonus room and includes a kitchen with fridge, microwave and dishwasher, making it perfect for use as a home office, private gym, or in-law unit. This home’s impeccable design is rivaled only by its idyllic location. 516 Tustin Avenue is set in a quiet neighborhood just two blocks from Cliff Drive’s sunset view parks and mere minutes away from the boutiques, cafes, grocers and fitness studios of Mariner's Mile, 17th Street and Westcliff. Also located within Newport Beach’s top-rated kindergartens, elementary schools, middle and high schools. Upper Back Bay Nature Preserve is a short drive away, with trails for biking, running and hiking, as well as access to kayaking, paddle boarding and boating. The home is also within close proximity to John Wayne Airport, Fashion Island, Balboa Island and the beach. Shown by appointment.
Sold for $6,500,000
Street View
Listed by: The Agency • Phillip Caruso • Contact: 949-353-6000
Bought with: Coldwell Banker Realty
$6,500,000
516 Tustin Ave, Newport Beach, CA 92663
5beds
5,800sqft
Single Family Residence
Built in 2023
6,375 Square Feet Lot
$7,728,800 Zestimate®
$1,121/sqft
$20,643 Estimated rent
Home value
$7,728,800
$6.96M - $8.66M
$20,643/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Phillip Caruso DRE #01934516 949-353-6000,
The Agency,
Sara Joata DRE #02168012 949-610-3773,
The Agency
Bought with:
Garrett Weston, DRE #01385026
Coldwell Banker Realty
Ashley Zarlin, DRE #02216926
Coldwell Banker Realty
Source: CRMLS,MLS#: OC23183751
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Bonus Room, Entry/Foyer, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Media Room, Office, Other, Pantry, Retreat
Primary bedroom
- Features: Primary Suite
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Stone Counters, Separate Shower, Tub Shower, Vanity
Kitchen
- Features: Kitchen Island, Kitchen/Family Room Combo, Stone Counters, Walk-In Pantry
Heating
- Fireplace(s), See Remarks, Zoned
Cooling
- Ductless, See Remarks, Whole House Fan, Zoned
Appliances
- Included: 6 Burner Stove, Freezer, Gas Cooktop, Microwave, Refrigerator, Vented Exhaust Fan
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside, Upper Level
Features
- Breakfast Bar, Built-in Features, Balcony, Eat-in Kitchen, High Ceilings, Multiple Staircases, Open Floorplan, Pantry, Stone Counters, Recessed Lighting, See Remarks, Storage, Wired for Data, Wired for Sound, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Flooring: See Remarks, Stone, Tile, Wood
- Doors: Sliding Doors
- Windows: Casement Window(s), Skylight(s), Wood Frames
- Has fireplace: Yes
- Fireplace features: Electric, Family Room, Gas Starter, Great Room, Primary Bedroom, See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 5,800 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Multi, Garage, Garage Faces Rear, See Remarks
- Attached garage spaces: 3
Accessibility
- Accessibility features: Safe Emergency Egress from Home, Parking, See Remarks
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Rear Porch, Enclosed, Front Porch, Stone, See Remarks, Tile
- Exterior features: Lighting, Fire Pit
- Pool features: None
- Spa features: None
- Fencing: Block,Stucco Wall,Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,375 Square Feet
- Features: 0-1 Unit/Acre, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Rocks, Sprinkler System
Details
- Parcel number: 04904106
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,See Remarks
- Property subtype: Single Family Residence
Materials
- Drywall, Glass, Other, Stucco, Vertical Siding, Wood Siding
- Roof: See Remarks
Condition
- Updated/Remodeled
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, See Remarks, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Suburban, Park
- Security: Prewired, Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Newport Heights (Newh)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,121/sqft
- Tax assessed value: $6,630,000
- Annual tax amount: $69,870
- Date on market: 10/11/2023
- Cumulative days on market: 7 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/28/2023 | Pending sale | $6,695,000$1,154/sqft |
Source:  CLAW #23-335205 Report a problem | ||
| 11/28/2023 | Listed for sale | $6,695,000+3%$1,154/sqft |
Source: CLAW #23-335205 Report a problem | ||
| 11/27/2023 | Sold | $6,500,000-2.9%$1,121/sqft |
Source:  CRMLS #OC23183751 Report a problem | ||
| 11/8/2023 | Pending sale | $6,695,000$1,154/sqft |
Source: CRMLS #OC23183751 Report a problem | ||
| 10/19/2023 | Contingent | $6,695,000$1,154/sqft |
Source: CRMLS #OC23183751 Report a problem | ||
| 10/11/2023 | Listed for sale | $6,695,000+102.1%$1,154/sqft |
Source: CRMLS #OC23183751 Report a problem | ||
| 12/21/2020 | Sold | $3,313,000+120.9%$571/sqft |
Source: Public Record Report a problem | ||
| 1/16/2019 | Sold | $1,500,000-6.2%$259/sqft |
Source:  CRMLS #OC18224812 Report a problem | ||
| 1/5/2019 | Pending sale | $1,599,999$276/sqft |
Source: BHHS California Properties #OC18224812 Report a problem | ||
| 10/30/2018 | Price change | $1,599,999-3%$276/sqft |
Source: BHHS California Properties #OC18224812 Report a problem | ||
| 10/12/2018 | Listed for sale | $1,649,000$284/sqft |
Source: BHHS California Properties #OC18224812 Report a problem | ||
| 9/21/2018 | Pending sale | $1,649,000$284/sqft |
Source: BHHS California Properties #OC18224812 Report a problem | ||
| 9/14/2018 | Listed for sale | $1,649,000$284/sqft |
Source: BHHS California Properties #OC18224812 Report a problem | ||
| 10/28/2015 | Listing removed | $3,495$1/sqft |
Source: Tim Carr Group Report a problem | ||
| 9/23/2015 | Price change | $3,495-6.8%$1/sqft |
Source: Tim Carr Group Report a problem | ||
| 8/17/2015 | Price change | $3,750-11.8%$1/sqft |
Source: Tim Carr Group Report a problem | ||
| 7/24/2015 | Listed for rent | $4,250$1/sqft |
Source: Tim Carr Group Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $69,870 +1.3% | $6,630,000 +2% |
| 2024 | $68,992 +109.4% | $6,500,000 +109.2% |
| 2023 | $32,952 +39.9% | $3,107,151 +41% |
| 2022 | $23,546 +21.7% | $2,203,647 +22.2% |
| 2021 | $19,344 +22% | $1,803,967 +22.6% |
| 2020 | $15,854 | $1,471,629 +1903.8% |
| 2019 | $15,854 +1300.2% | $73,442 +2% |
| 2018 | $1,132 +3.5% | $72,002 +2% |
| 2017 | $1,094 | $70,591 +2% |
| 2016 | $1,094 +1.9% | $69,207 +1.5% |
| 2015 | $1,074 +11.4% | $68,168 +2% |
| 2014 | $964 | $66,833 +0.5% |
| 2013 | -- | $66,531 +2% |
| 2012 | -- | $65,227 +2% |
| 2011 | -- | $63,949 +0.8% |
| 2010 | -- | $63,472 -0.2% |
| 2009 | -- | $63,623 +2% |
| 2008 | -- | $62,376 +2% |
| 2007 | -- | $61,153 +2% |
| 2006 | -- | $59,954 +2% |
| 2005 | -- | $58,779 +2% |
| 2004 | -- | $57,627 +1.9% |
| 2003 | -- | $56,571 +2% |
| 2002 | -- | $55,462 +2% |
| 2001 | $574 +2.8% | $54,375 +2% |
| 2000 | $559 | $53,309 |
Find assessor info on the county website
Neighborhood: 92663
Nearby homes
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- $2,750,0004 bd2 ba1.2k sqft524 Tustin Ave, Newport Beach, CA 92663Sold
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- $3,260,9003 bd2 ba1.8k sqft521 El Modena Ave, Newport Beach, CA 92663Off Market
Nearby schools
GreatSchools rating
- 10/10Newport Heights Elementary SchoolGrades: K-6Distance: 0.2 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.4 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Newport Heights
- Middle: Newport
- High: Newport Harbor
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$7,728,800
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Estimated market value
$7,728,800
- California
- Orange County
- Newport Beach
- 92663
- 516 Tustin Ave
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