22 Faenza, Newport Coast, CA 92657

4 beds, 5 baths, 4,096 sqft
Sold: $2,042,500
Sold on 12/23/11
Zestimate®: $2,657,215
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Enjoy stunning canyon vistas plus peek views of the ocean from this gorgeous residence enviably located within Newport Coastandrsquo;s Coastal Canyon neighborhood. Rich with natural light and tastefully executed dandeacute;cor, the home offers a contemporary color palette, which complements the homeandrsquo;s sleek and modern design aesthetic.andnbsp; The dramatic entry andmdash; defined by a grand sweeping staircase and elegant marble floors andmdash; establishes an element of opulence. Formal dining quarters open up to an outdoor area via French doors. A spacious family room boasts a cozy fireplace, while a separate casita (currently utilized as a gym) renders the home as versatile as it is breathtaking. Complete with a gourmet kitchen that offers top-quality stainless steel appliances, this is a residence thatandrsquo;s truly an entertainerandrsquo;s dream. A comprehensive outdoor entertainment area encompassing cooking and sitting areas provides a living experience thatandrsquo;s quintessentially California.  MoreLess
 
Facts
  • Lot: 7,840 sqft
  • Single Family
  • Built in 1999
  • Heating: Forced air
  • Last sold: Dec 2011 for $2,042,500
  • Price/sqft: $499
Appliances Included
  • Dishwasher
  • Garbage disposal
Construction
  • Unit count: 1
Other
  • Floor size: 4,096 sqft
  • Parcel #: 47816417
  • Zillow Home ID: 25504721
Home Values
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$2,657,215
+$68,170 Last 30 daysd
$2.42M
$3.03M
Zestimate range
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$9,413/mo
+$0 Last 30 daysd
$2.7K
$15K
Zestimate range
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Neighborhood for 22 Faenza

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Zillow predicts Los Angeles Metro home values will rise 5.5% next year. Among 92657 homes, this home is valued 57.5% more than the midpoint (median) home, but is valued 23% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 92657 market, the number of foreclosures waiting to be sold fell 11.3% in the last year. The number of unsold foreclosures is 31% greater than in Newport Coast, and 55.2% less than the national average. This higher local number may prevent 92657 home values from rising as quickly as other regions in Newport Coast.

Learn more about forecast calculations.
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