
Newport Beach, CA 92663
Homes.com estimated value: $8,327,295. The comparable pool for a waterfront estate of this size is extremely limited, with one close comparable closing at $9,500,000.
Summary reflects 1 comparable sale. Individual comparable-sale detail is available on request. Information is deemed reliable but not guaranteed.
The current estimated value for 401 Snug Harbor Rd is $8,327,295. The comparable evidence is limited to a very small set — one close comparable at $9,500,000 — with an average market time of 24 days and closings near 95% of list price at this level. A thin comp pool is not a weakness here; it is a direct reflection of how rarely harbor-front estates of this scale trade.
The comparable pool here is genuinely thin. One close comparable closed at $9,500,000, and the $1,956 per square foot figure derives from that limited set rather than from a broad statistical sample — applied to 6,800 square feet it would imply a number well above the estimate, which is precisely why it should not be used mechanically. At this level, value is established through positioning, media, and negotiation rather than through a comparable grid. The recommendation is a defensible launch price anchored near the $8,327,295 estimate, a private pre-market release to the harbor-front buyer network, and the discipline to let the property's scarcity, not a spreadsheet, do the pricing work.
First Team Real Estate · DRE #01200203
People Before Things. This analysis was prepared to give the owners of 401 Snug Harbor Rd a clear, data-backed view of the current Newport Beach market before making a pricing decision.