
Newport Beach, California 92663
This Turnkey Condominium represents a Strong Value Opportunity, listed at $559,000—positioned well below the $558,656 Fair Market Value (effectively at market). Featuring a Mint Condition Rating with modern hardwood floors and a fully remodeled interior, this unit offers a serene Courtyard View. Residents enjoy resort-style amenities, including a pool, spa, and fitness center. Located in the Newport Mesa Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance coastal lifestyle in Newport Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 Scholz 225 Subject | $549,000* List Price | 1 | 1 | 504 | $1,073 | - |
A 101 Scholz Plaza Ph19 Sold | $525,000 | 1 | 1 | 496 | $1,058 | 0.0 mi |
B 300 Cagney 215 Active | $535,000 List Price | 1 | 1 | 465 | $1,151 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1971, the unit is described as fully remodeled and beautifully updated. Interior photos show modern hardwood flooring, recessed lighting, and a contemporary ceiling fan, indicating a recent renovation within the last 5 years that places it in mint, move-in condition.
Positioned as one of the lowest-priced opportunities in Newport Beach, this property offers a rare and accessible entry point into a premium coastal real estate market.
The unit is fully remodeled with hardwood flooring and contemporary finishes, providing a move-in-ready experience that eliminates the need for immediate renovation costs.
Residents benefit from resort-style facilities including a pool, spa, fitness center, and clubhouse, with an HOA fee that conveniently covers water, gas, and trash services.
With only 504 square feet of living area, the studio layout may be restrictive for buyers seeking a traditional bedroom or those with significant storage requirements.
The $546 monthly HOA fee is relatively high for a studio unit, which may impact the debt-to-income ratio for some buyers and reduce net cash flow for investors.
One of the lowest-priced opportunities currently available in all of Newport Beach, this beautifully updated second-floor studio is located in the highly desirable Versailles community. Overlooking a freshly landscaped courtyard with a tranquil fountain, the home offers both comfort and a serene setting. Ideally situated just steps from the main entrance, stairway, and elevator, this unit combines convenience with privacy. Interior features include hardwood flooring, and is currently being remodeled, creating a clean and modern living space. Versailles is perfectly positioned just a short bike ride from the stunning beaches of West Newport, making it an excellent choice for those seeking the ultimate coastal lifestyle. Whether you’re a professional, a couple looking for a beach retreat, or an investor seeking a solid long-term rental, this property checks all the boxes. HOA includes water, gas and trash. Additional highlights include a private parking space in a secure garage, a storage cabinet and plenty of guest parking in front of the unit. Residents enjoy resort-style amenities including a sparkling pool and spa, sauna, fitness center, clubhouse, and a full kitchen banquet room—ideal for entertaining.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 504 | 1,320 |
| Lot Size | 258,727 | 27,766 |
| Price | $549.0K | $1.56M |
| Price per sq ft | $1.1K | $1.0K |
| Built year | 1971 | 1977 |
| HOA | $546.0 | $720 |
| Days on market | 100 | 61 |
Jul 11, 2026
$549,000
$559,000
-2% Price Drop
Initial Listing
Apr 28, 2026
$559,000
$575,000
-3% Price Drop
Initial Listing
Apr 16, 2026
$575,000
$649,000
-11% Price Drop
Initial Listing
Apr 13, 2026
$649,000
Initial Listing
Nov 9, 2018
$345,000
Public Record
Jun 10, 2016
$300,000
Public Record
Aug 12, 2009
$250,000
Public Record
Dec 12, 2001
$145,000
Public Record
Nov 15, 1993
$95,000
Public Record