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$749,000
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: The property boasts an exceptional location in Newport Beach, just a short stroll from the beach, Lido Village, restaurants, and various aquatic activities, offering quintessential coastal living.
Top Cons:
Compact Living Space: With only 565 square feet, the 1-bedroom, 1-bathroom unit offers limited living space, which may not be suitable for all prospective buyers or long-term residents.

Compared to the nearby listings

Price:$749.0K vs avg $1.39M ($-638,500)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 recent renovation, as explicitly stated in the description ('newly remodeled gem') and evidenced by the high-quality images. The kitchen features new European cabinetry, sleek quartz countertops, modern stainless steel appliances, a contemporary backsplash, and under-cabinet lighting. The bathroom, though partially visible, shows a modern vanity and barn door. Brand new tile floors are installed throughout, and modern recessed/track lighting is present. The inclusion of SMART HOME technology further confirms a recent and thorough upgrade, bringing all components to current quality standards with no visible deferred maintenance.
Year Built
1971
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$1,326
HOA
$504.53
Days on market
-
Sold On
-
MLS number
SR25193558
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!

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.1mi
Condition Rating
Excellent

Despite being built in 1971, this property has undergone a comprehensive and recent renovation, as explicitly stated in the description ('newly remodeled gem') and evidenced by the high-quality images. The kitchen features new European cabinetry, sleek quartz countertops, modern stainless steel appliances, a contemporary backsplash, and under-cabinet lighting. The bathroom, though partially visible, shows a modern vanity and barn door. Brand new tile floors are installed throughout, and modern recessed/track lighting is present. The inclusion of SMART HOME technology further confirms a recent and thorough upgrade, bringing all components to current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: The property boasts an exceptional location in Newport Beach, just a short stroll from the beach, Lido Village, restaurants, and various aquatic activities, offering quintessential coastal living.
Extensive Resort-Style Amenities: The Versailles community provides a luxurious resort-style experience with highly secure buildings, a large swimming pool, Jacuzzi, clubhouse, fitness room, gated underground parking, elevator, and extra storage.
Modern & Newly Remodeled Interior: The unit has been newly remodeled with an open floor plan, abundant lighting, high-end designer touches, brand new tile floors, new European cabinetry, and modern hardware.
Smart Home Technology Integration: Equipped with modern SMART HOME technology for lighting control and Wi-Fi connectivity for the washer/dryer, enhancing convenience and modern living.
Strong Investment & Rental Potential: Presented as a lucrative investment opportunity, the property has a proven track record of consistently generating high rental income, especially given its desirable location near the beach and Hoag Hospital.

Cons

Compact Living Space: With only 565 square feet, the 1-bedroom, 1-bathroom unit offers limited living space, which may not be suitable for all prospective buyers or long-term residents.
High Monthly HOA Fees: The association fee of $504.53 per month is substantial for a unit of this size, even considering that it covers water, trash, and sewer.
Building Age: Constructed in 1971, the building is over 50 years old, which, despite recent unit remodels, could lead to potential future maintenance costs or special assessments for common areas.

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