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Newport Beach, CA

$3,295,000

1622 Pegasus St, Newport Beach, CA
5
Beds
6
Baths
3,905
Sq Ft
1963
Built
32
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
5
Bathrooms
5 full, 1 half
Living area
3,905 sq ft
Interior features
Breakfast Bar
Appliances
Electric Water Heater, Dryer, Washer
Flooring
Carpet, Tile
Fireplace
Living Room
Cooling
Central Air
Levels
Three Or More
Exterior & lot
Lot size
0.168 acres (7,300 sq ft)
Pool
None
Architectural style
Contemporary
Year built
1963
Parking
Garage, Rv Access Parking
Parking spaces
8
Community
County
Orange
Listing details
Status
Active
Property type
Single Family Residence
Days on market
32
Listed
2026-05-29
Parcel #
11936303
MLS #
41135880
Listed by
Matthew Grubisich · Mosaik Real Estate

Location

Price history

Listed
$3,295,000 · 2026-05-29
Days on market
32
Current price
$3,295,000
Financing

Could this home be yours?

Estimated monthly payment
$20,670
$16,661 principal & interest · $4,009 taxes & insurance
$659,000
Estimate only
Loan $2,636,000

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Estimated value range nearby
$5,700,574$6,691,978

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Listing data provided by CRMLS

Listing courtesy of Mosaik Real Estate. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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