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1622 Pegasus St Newport Beach, CA 92660
$3,195,000 5 beds, 6 baths
3, 905 sqft
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Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# 41135880
List price is $3,195,000 Reduced by $100,000 on 8/14/2026
Beds: 5
Baths: 6 (5 full) (1 half)
Living Room fireplaces
Built in 1963
3,905 sqft
0.17 acres
Lot size: 0.1676
County: Orange
Property style: Contemporary
Construction: Stucco
Interior features: Breakfast Bar
Appliances: Electric Water Heater,Dryer,Washer
Parking description: Garage,RV Access/Parking
Lot description: Corner Lot,Front Yard,Sprinklers In Front
Heating/cooling: Central Air

Last Updated: 9/14/2026

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The style of this listing is Contemporary.
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Lat/Long: 33.662936, -117.882720.
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Listing Agent: Matthew Grubisich
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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