1622 Pegasus St, Newport Beach, CA 92660

• 5 beds |
• 6 baths |
• 3,905 sqft

Property Description

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 Status:

Active

Date Added:

May 29, 2026

Data Last Updated:

July 5, 2026 at 5:16PM

Listing Office:

Mosaik Real Estate : 415-205-0742

Listing Agent:

Matthew Grubisich : 714-801-4415

MLS ID:

41135880

Interior

• General: Breakfast Bar
• Appliances: Electric Water HeaterDryerWasher
• Flooring: CarpetTile
• A/C: Central Air
• Heating:
• Fireplace: Living RoomFireplace

Exterior

• General: Storage
• Style: Contemporary
• Other Structures: StorageDeck
• Pool: None
• Parking: GarageRV Access/ParkingParking spaces: 8

Construction

• Roofing: Shingle
• General: StuccoThree Or More

Location

• Originating MLS: CRMLS_CCBE
• County: Orange

Lot

• Zoning: 11936303

Financial

• Source: CRMLS_CCBE