1 Cormorant Circle, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath
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1 Cormorant Circle
Newport Beach, California 92660
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
3Baths
1,739Sq Ft
3,500Lot Size
Property Price
LIST PRICE$1,850,000
EST. MARKET VALUE
$1,765,208
4% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,850,000—positioned above the $1,765,209 Fair Market Value by 4%. While the property requires cosmetic updates due to its Condition Rating of 4, it offers significant long-term value through its prime location in the gated Bayview Terrace community and proximity to Top-Rated Schools like Eastbluff Elementary and Corona Del Mar High. Featuring a private wraparound yard and corner lot positioning, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through modernization.
Estimated Market Value
$1,765,208
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Cormorant Circle Subject | $1,850,000* List Price | 3 | 3 | 1,739 | $1,015 | - |
A 443 Vista Parada Sold | $1,900,000 | 2 | 2 | 1,862 | $1,020 | 0.8 mi |
B 2701 Vista Umbrosa Sold | $1,825,000 | 3 | 2 | 1,642 | $1,111 | 0.8 mi |
C 306 Vista Trucha Sold | $2,100,000 | 3 | 3 | 2,155 | $974 | 1.0 mi |
D 2952 Quedada Active | $1,950,000 List Price | 4 | 3 | 2,096 | $930 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986, the home is well-maintained but significantly dated. The bathrooms and kitchen areas feature original-style oak cabinetry and white tile countertops that are over 30 years old, requiring cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Coastal Location
Situated in the gated Bayview Terrace community just steps from the Back Bay, this property offers a prestigious Newport Beach lifestyle with enhanced security and immediate access to outdoor recreation.
- Superior Lot Positioning
As a detached corner lot residence, the home provides increased privacy and features a rare wraparound yard and patio, creating an ideal environment for indoor-outdoor living.
CONSRISKS & DEFICIENCIES
- Compact Living and Lot Size
With 1,739 square feet of living space on a 3,500 square foot lot, the property may feel restrictive for buyers seeking a larger family estate or expansive backyard space.
- 1980s Era Construction
Built in 1986, the residence may require modernizing updates to its core systems or interior finishes to align with the contemporary luxury standards expected at this price point.
About 1 Cormorant Circle
Welcome to 1 Cormorant Circle, a beautifully situated single-family residence nestled in the highly sought-after, gate-secured community of Bayview Terrace, steps away from the Back Bay. Offering the perfect blend of coastal sophistication and low-maintenance luxury, this light-filled detached home features three bedrooms, two-and-one half bathrooms, and approximately 1,739 square feet of pristine living space. Enter to discover soaring high ceilings and an expansive, open-concept floor plan designed for effortless indoor-outdoor living. The inviting family room, complete with a cozy fireplace, flows seamlessly into the kitchen area, while the formal living and dining spaces offer an elegant backdrop for hosting guests. Upstairs, the primary suite serves as a peaceful sanctuary, complete with ample closet space and private appeal. Outside, the private wraparound yard and patio present a serene oasis for year-round entertaining. Positioned on a corner lot with an attached two-car garage, this home provides ultimate privacy and convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $295.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Eastbluff Elementary School
Grades K-6 • 1.0 mi
9/10
Mariners Elementary School
Grades PK-6 • 2.6 mi
8/10
Horace Ensign Intermediate School
Grades 7-8 • 3.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.8 |
| Square foot | 1,739 | 2,729.518 |
| Lot Size | 3,500 | 6,677.813 |
| Price | $1.85M | $4.20M |
| Price per sq ft | $1.1K | $1.6K |
| Built year | 1986 | 1972 |
| HOA | $295.0 | $414 |
| Days on market | 65 | 63 |
Pricing History
Listed for Sale
Jul 6, 2026
$1,850,000
Initial Listing