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100 Scholz Plaza 205, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath

100 Scholz Plaza 205, Newport Beach, California 92663 home-pic-0
ACTIVE$750,000
100 Scholz Plaza 205, Newport Beach, California 92663
1Bed
1Bath
565Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in a highly desirable Newport Beach location, offering a short stroll to the beach, Lido Village, restaurants, and a vibrant array of cultural and recreational activities.
Top Cons:
Compact Living Space: With 565 square feet, the unit offers a relatively small footprint, which may limit appeal for buyers desiring more expansive living areas.

Compared to the nearby listings

Price:$750.0K vs avg $1.39M ($-637,500)7%
Size:565 sqft vs avg 1,315 sqft2%
Price/sqft:$1.3K vs avg $90076%

More Insights

Built in 1971 (54 years old).
Condition: Despite being built in 1971, this property has undergone a comprehensive and high-end 'newly remodeled' renovation. The listing explicitly states 'brand new tile floors, new European cabinetry, and modern hardware,' which is clearly visible in the images. The kitchen features new stainless steel appliances, quartz countertops, a modern backsplash, and contemporary lighting. The bathroom also appears fully updated with modern fixtures and a new washer/dryer. The inclusion of SMART HOME technology further indicates a recent and thorough upgrade, making all components virtually new and meeting current quality standards.
Year Built
1971
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$1,327
HOA
$504.53
Days on market
-
Sold On
-
MLS number
SR25144358
Home ConditionExcellent
Features
Good View: Courtyard
Deck
Pool
Spa
ViewCourtyard

About this home

Welcome to your dream home in Newport Beach's resort-style gated community. This newly remodeled gem is ideally situated for quintessential Newport Beach living, just a short stroll away from the beach, restaurants, Lido Village, 17th Street, art and culture, world-class surfing, fishing, swimming, and aquatic sports activities. Here, you'll enjoy endless entertainment options, from annual festivals, tournaments, shows, and boat parades. As you step inside, you'll be greeted by an open floor plan with abundant lighting, high-end designer touches, brand new tile floors, new European cabinetry, and modern hardware. The living room is the heart of the living space and leads to a private balcony with fresh ocean breezes, perfect for entertaining guests or just relaxing with your favorite drink. The community of Versailles is known for its resort-style living, boasting highly secure buildings, a large swimming pool, Jacuzzi, a beautiful clubhouse, fitness room, gated underground parking, an elevator, and extra storage. The HOA pays for water, trash, and sewer, so you can relax and enjoy all the amenities without worrying about the details. The property also features SMART HOME technology, allowing you to control the lighting with a simple smartphone app, as well as Wi-Fi connectivity for the washer/dryer for easy operation and maintenance. For those looking for an investment opportunity, this is where resort-style living meets lucrative investment potential. This newly remodeled gem is not just a residence; it's a smart financial move. Ideally situated near the beach and Hoag Hospital, this property has proven itself as an exceptional investment, consistently generating high rental income. Don't miss out on this fantastic opportunity. Schedule a viewing today! Notably, this property is being offered for sale fully furnished, including all furniture and furnishings showcased in the listing photos. The thoughtfully curated interior design enhances the overall appeal of the home, providing a turnkey solution for the new homeowner or investor.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.1mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi
Condition Rating
Excellent
Despite being built in 1971, this property has undergone a comprehensive and high-end 'newly remodeled' renovation. The listing explicitly states 'brand new tile floors, new European cabinetry, and modern hardware,' which is clearly visible in the images. The kitchen features new stainless steel appliances, quartz countertops, a modern backsplash, and contemporary lighting. The bathroom also appears fully updated with modern fixtures and a new washer/dryer. The inclusion of SMART HOME technology further indicates a recent and thorough upgrade, making all components virtually new and meeting current quality standards.
Pros & Cons

Pros

Prime Coastal Location: Situated in a highly desirable Newport Beach location, offering a short stroll to the beach, Lido Village, restaurants, and a vibrant array of cultural and recreational activities.
Fully Remodeled & Turnkey Ready: The unit boasts a recent, high-end remodel with designer touches, new tile floors, European cabinetry, and is offered fully furnished, providing a seamless, move-in ready experience for buyers or investors.
Extensive Resort-Style Amenities: Residents benefit from a secure, gated community featuring a large swimming pool, Jacuzzi, clubhouse, fitness room, gated underground parking, elevator, and extra storage.
Proven Investment Opportunity: Positioned as an exceptional investment, the property has a track record of consistently generating high rental income, appealing to those seeking lucrative financial returns.
Modern Conveniences & HOA Inclusions: Equipped with SMART HOME technology for lighting control and Wi-Fi enabled appliances, complemented by an HOA that covers water, trash, and sewer, simplifying living expenses.

Cons

Compact Living Space: With 565 square feet, the unit offers a relatively small footprint, which may limit appeal for buyers desiring more expansive living areas.
Significant Monthly HOA Dues: The monthly association fee of $504.53, while covering some utilities and amenities, represents a substantial ongoing cost that could impact affordability for some purchasers.
Age of Building Structure: Constructed in 1971, the building is over five decades old, which may raise concerns about the long-term maintenance and potential for future special assessments, despite the unit's recent interior remodel.

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