News Summary
A luxury concrete loft in Newport Beach’s Cannery Village has been listed for $13 million after a complete renovation. This three-story property features 3,062 square feet with three bedrooms and three bathrooms, offering a unique live-work opportunity. High-end finishes include a gourmet kitchen and a lavish primary suite, situated near vibrant local amenities. The exclusive property boasts a private dock and stunning bayfront views, making it a desirable option for families and professionals seeking coastal luxury.
Newport Beach’s $13 Million Reimagined Concrete Loft Hits the Market After Extensive Renovation
A newly renovated live-work concrete loft in Newport Beach’s Cannery Village is on the market for $13 million. This expansive three-story property has undergone an extensive renovation of the original structure built in 2004, significantly enhancing its appeal with high-end craftsmanship and materials typically found in world-class superyachts.
The loft spans 3,062 square feet, featuring three bedrooms and three bathrooms, making it an attractive option for families, professionals, or those looking for a luxurious coastal retreat. The unique layout includes a ground floor that serves as a separate yet seamlessly connected bayfront entertainment space, providing flexibility for various uses.
Highlighted in the entertainment area are a custom wine wall, a beverage center, and a top-tier audio-visual system, catering to those who enjoy hosting guests. Additionally, the space is equipped with two Murphy beds, allowing it to function as both guest quarters and an office. This loft stands out as one of only 22 live-work spaces permitted for retail use with residential levels on the bottom floor, enhancing its marketability.
Exclusive Access and Amenities
The property is among four standalone live-work spaces situated directly on the water, sharing a private dock that accommodates boats up to 31 feet long. Individual slips for the boats are conveniently located outside the ground-floor space’s disappearing glass walls, offering an attractive feature for maritime enthusiasts.
This remarkable property was purchased in March 2015 by international real estate developer Adon Panattoni for $3.715 million. The extensive renovation was led by designer Ohara Davies-Gaetano, who is noted for her refined interior designs. The interior is described as a “soaring sanctuary of light, volume, and detail,” showcasing slatted white oak paneling and hand-troweled plaster walls.
Modern Living Spaces
The gourmet kitchen, a central feature of the loft, boasts a leather-finished stone island and custom cabinetry. It also includes a concealed pantry and integrated Thermador appliances, making it an ideal space for culinary enthusiasts. The dining area, designed to maximize natural light, offers skylit floor-to-ceiling millwork and access to a stunning bayfront terrace.
The terrace is outfitted with an outdoor kitchen that includes a built-in barbecue, sink, and beverage fridge, perfect for entertaining guests in a picturesque coastal setting. Connectivity between the three levels is provided by both staircase and elevator, which links the three-car garage to the upper-floor primary suite.
Luxury Accommodations
The primary suite of the loft is designed for comfort and luxury, featuring a hidden wardrobe wall and a spa bathroom. Furthermore, a “penthouse lounge” provides stunning harbor views, adding to the appeal of this exclusive residence.
Location and Accessibility
Situated within walking distance of Lido Marina Village, the property offers easy access to beautiful beaches, a variety of restaurants, shops, and a farmers’ market, making it an attractive location for those who appreciate a vibrant local lifestyle. This coveted environment enhances the allure of the property for potential buyers looking for a combination of luxury, convenience, and coastal living.
The listing for this remarkable loft is being shared by Christopher Bellot and Andrew Cotton of Compass, further adding to the profile of this unique offering in the Newport Beach real estate market.
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Additional Resources
- OC Register: Newport Beach Live-Work Loft
- Bisnow: Los Angeles Commercial Real Estate
- OC Business Journal: Intracorp Condo Conversion
- Robb Report: Jim Markham Condo in Los Angeles
- New York Times: California Homes
- Wikipedia: Newport Beach, California
- Google Search: Newport Beach real estate
- Encyclopedia Britannica: Newport Beach
Author: STAFF HERE COSTA MESA WRITER
COSTA MESA STAFF WRITER The COSTA MESA STAFF WRITER represents the experienced team at HERECostaMesa.com, your go-to source for actionable local news and information in Costa Mesa, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the OC Fair, Concerts in the Park, and Fish Fry. Our coverage extends to key organizations like the Costa Mesa Chamber of Commerce and Boys & Girls Clubs of Central Orange Coast, plus leading businesses in retail, fashion, and technology that power the local economy such as Vans, Experian, and South Coast Plaza. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, HERESanDiego.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
