According to the MLS, there are currently only 2 properties in Newport Coast that have 4 bed 3 bath and are less than $1.4 million. Both are approximately 2700 sq ft.
There is also another 5 bed/5 bath, 3400 sq ft property listed at $1,455,000 and another 4 bed/4 bath, 3100 sq ft property listed at $1,750,000.
The property you linked above (4 Bargemon) accepted an offer as of 2/22/13 and is currently in escrow. The status is listed as "Looking For Backup". This means you can still make an additional offer on the home if you are interested in case something falls through with the current offer.
I would be happy to provide you with a detailed list of properties that fit your criteria with description/photos at no cost by email. Please contact me with your email address. Also let me know if you would like to me widen the search criteria. If you are interested in any of the properties, I can help you set up appointments for you to view the properties at your convenience.
Feel free to contact me anytime at (310) 717-1321 or JamieTian@RodeoRE.com with any questions or concerns.