The Aaronson Group
Luxury Coastal Real Estate – OC
Sold in Newport Coast – Represented Buyer
4 Kingsport Drive, Newport Coast: Sold at $10,700,000 in a Multiple-Offer Market
Pelican Ridge Estates rarely produces a home like this one, and when 4 Kingsport Drive came to market, the response was immediate. Multiple offers landed within days. Kevin Aaronson represented the buyer, and the home closed at $10,700,000, below the $10,995,000 list price.
Winning a competitive Newport Coast bid is one thing. Winning it under list price is another. That outcome came from disciplined positioning: a clear read on the seller’s priorities, terms structured to reduce friction rather than simply raise the number, and a buyer prepared to perform without hesitation.
In a multiple-offer situation, the highest price does not always win. The cleanest, most credible offer does.
Property Details
Detail
Information
Address
4 Kingsport Drive, Newport Coast, CA 92657
Community
Pelican Ridge Estates
Sold Price
$10,700,000
List Price
$10,995,000
Bedrooms
4
Bathrooms
5
Interior
6,300 square feet
Year Built
1997
Representation
Kevin Aaronson, The Aaronson Group (Buyer Side)
MLS
OC26109452
Why This Home Drew Multiple Offers
Pelican Ridge Estates sits behind guarded gates in the hills above Newport Coast, close enough to Fashion Island and the Newport Beach coastline to feel connected, elevated enough to feel private. Inventory at this price point is thin, and buyers waiting for a single-level-living-adjacent 6,300 square foot floor plan on a third of an acre do not get many chances.
The home delivered on the details that matter to this buyer pool: a resort-caliber rear yard with pool and spa, a covered patio with fireplace, an outdoor kitchen and loggia, and a hillside-to-ocean backdrop. Add a main-level bedroom, a formal dining room, an eat-in kitchen, and a wet bar, and the demand made sense.
How the Buyer Won
Three things separated this offer:
1. Terms over theatrics. Price is only one variable. Timeline, contingency structure, and proof of funds carried real weight with this seller. 2. Speed and certainty. The buyer was fully prepared before the first showing, which allowed The Aaronson Group to present an offer the listing side could underwrite with confidence. 3. Market fluency. Forty years in coastal Orange County and $750M+ in career sales means knowing what a Pelican Ridge Estates home is actually worth, and where the ceiling really sits.
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Frequently Asked Questions
What did 4 Kingsport Drive in Newport Coast sell for? 4 Kingsport Drive closed at $10,700,000, below its $10,995,000 list price, despite receiving multiple offers.
Who represented the buyer? Kevin Aaronson of The Aaronson Group, Keller Williams Luxury, represented the buyer.
Where is Pelican Ridge Estates? Pelican Ridge Estates is a guard-gated community in Newport Coast, minutes from Fashion Island, Crystal Cove State Park, and the Newport Beach coastline.
How can a buyer win below list price in a multiple-offer situation? By competing on terms rather than price alone. Contingency structure, timeline, financing certainty, and seller-specific priorities frequently outweigh a marginally higher number.
What is the Newport Coast luxury market doing right now? Inventory above $10M remains limited, and well-positioned homes continue to attract multiple offers. Contact The Aaronson Group for a current, address-specific read.
Buying or Selling in Newport Coast
Kevin Aaronson has closed 1,000+ homes and $750M+ in career sales across coastal Orange County since 1986.
Call 949-388-5194 or email info@previewochomes.com
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