ActiveResidential · sale

7 Suprema

Newport Coast, CA 92657

$4,399,000

  • 3 beds
  • 3 baths
  • 2,126 sq ft
  • 0.54 acres
  • Built 1994

Listed by Compass · MLS #NP26184326

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1994.

Garage parking

2 garage spaces listed.

Property size

0.54 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Perched to command uninterrupted views across the Pacificfrom Catalina Island to Palos Verdes Long Beach and the Los Angeles skylinethis Altezza residence redefines what a coastal retreat can be Completed in 2025 after a 15month transformation no detail was left untouched and no property in Newport Coast offers this same vantage point from both levels of living spaceCraftsmanship defines the experience from the first step inside The scope of the renovation was comprehensive flooring replaced throughout millwork and cabinetry custombuilt lighting reimagined stone handselected climate systems upgraded with air scrubbers and every bathroom rebuilt from the studs The finished home is genuinely turnkey offering a level of polish and readiness rarely found on the marketDownstairs a private bedroom suite with its own full bath offers effortless flexibility for guests or extended family positioned apart from the main living areas for privacy The heart of the home continues through a formal dining room a chefs kitchen framed by ocean views and opening to a secluded patio pavilion a sunlit breakfast nook and a great room anchored by doubleheight vaulted ceilings and a striking stone fireplacebuilt for both quiet mornings and easy entertainingUpstairs the primary suite delivers on every level a private balcony overlooking the water and a spalike bath with dual vanities a freestanding soaking tub and a separate glass shower A second ensuite bedroom generous bonus room and dedicated officeden round out the upper floorgiving the home real flexibility for work guests or downtimeAdditional highlights include a full laundry room and an upgraded twocar garage with new flooring custom cabinetry refreshed lighting and a new door system This property also features direct access to the Newport Coast Community Center complete with a Junior Olympic saltwater pool sport courts and a full kitchen and lounge for gathering All of this sits minutes from hiking trails topranked schools and the areas best shopping and dining

THE NEIGHBORHOOD

Explore the location.

7 Suprema, Newport Coast, CA 92657

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1994
Full baths
3
Garage spaces
2
Cooling
CentralAir
Heating
Central,ForcedAir
Appliances
SixBurnerStove,Dishwasher
Flooring
Wood
Fencing
Glass
Pool
No
Pool features
Association
Spa
Yes
Subdivision
Altezza (ALTZ)
Parcel
93534492
HOA
Altezza
HOA amenities
Clubhouse,SportCourt,Barbecue,Playground,Pickleball,Pool,SpaHotTub,TennisCourts,Trails
HOA fee frequency
Monthly
Elementary school
Newport Coast
Middle school
Corona Del Mar
High school
Corona Del Mar
HOA fee
$475.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$18,329.17
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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7 Suprema, Newport Coast, CA 92657 · MLS #NP26184326

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Listing information

MLS #NP26184326 · California Regional MLS

Listing brokerage: Compass
Listing agent: Michael Fawaz

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.