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101 Scholz Plaza Ph19, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath

101 Scholz Plaza Ph19, Newport Beach, California 92663 home-pic-0
ACTIVE$619,000$496/sqft
101 Scholz Plaza Ph19, Newport Beach, California 92663
1Bed
1Bath
496Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location & Walkability: Situated in highly desirable Newport Beach, the property offers a short half-mile walk/bike ride to the beach and easy access to Lido Village, Newport Pier, and the Boardwalk.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 496, other record living area = 726.

Compared to the nearby listings

Price:$619.0K vs avg $1.61M ($-993,500)5%
Size:496 sqft vs avg 1,315 sqft3%
Price/sqft:$1.2K vs avg $90468%

More Insights

Built in 1971 (55 years old).
Condition: Despite the 1971 build year, the listing explicitly states the condo is 'completely remodeled' with modern features such as quartz countertops, shaker cabinets, custom tile backsplash, luxury vinyl plank flooring, and a remodeled bathroom with recessed lighting. The images confirm a fresh, contemporary aesthetic throughout the unit, including the kitchen and bathroom, indicating a very recent and extensive renovation. All components appear new or virtually new, meeting current quality standards.
Year Built
1971
Close
-
List price
$619K
Original List price
$619K
Price/Sqft
$1,248
HOA
$574
Days on market
-
Sold On
-
MLS number
OC26002286
Home ConditionExcellent
Features
Good View: Courtyard, Park/Greenbelt, Trees/Woods
Deck
ViewCourtyard, Park/Greenbelt, Trees/Woods

About this home

Beautifully redesigned studio unit at Versailles in Newport Beach. This bedroom setup is a studio, with an alcove area for the bedroom. Feels more like a junior 1-bedroom with some distance and separation between the living area and the bedroom. Perfect for one or two people to enjoy, or as a second home for a beach getaway in Newport Beach. This PENTHOUSE condo is on the top floor with no one above. The INTERIOR LOCATION is one of the best locations in the entire community, with no street noise from any of the surrounding streets. Completely remodeled condo with quartz countertops, shaker cabinets, custom tile backsplash, luxury vinyl plank flooring, remodeled bathroom, recessed lighting, and a ceiling fan above the bedroom area. Two full closet spaces with ample storage. This entire home feels light, bright, and open. From the balcony, you will love the views of the courtyard with a fountain, grass, and trees. Enjoy the convenience of the assigned parking space in the underground gated parking garage (space #11). ***HUGE BONUS: There is a 220V electric vehicle charger at the assigned parking space that will be included with the sale! Additional guest parking can be found on the ground level directly in front of the condo. Enjoy the amenities that the Versailles community has to offer: gated community, brand new pool & spa, clubhouse, gym, BBQ, tennis, and a short half-mile walk or bike ride to the beach. Feel secure with the private and locked entry doors into the main building. Walk to Lido Village, Newport Pier, and the world-famous Newport Beach Boardwalk! Just like they always say: Location, location, location!

L
Larry Birnbaum
Listing Agent

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

Price History

Date
Event
Price
03/25/88
Sold
$125,000
03/02/88
Sold
$190,000
Condition Rating
Excellent
Despite the 1971 build year, the listing explicitly states the condo is 'completely remodeled' with modern features such as quartz countertops, shaker cabinets, custom tile backsplash, luxury vinyl plank flooring, and a remodeled bathroom with recessed lighting. The images confirm a fresh, contemporary aesthetic throughout the unit, including the kitchen and bathroom, indicating a very recent and extensive renovation. All components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Prime Coastal Location & Walkability: Situated in highly desirable Newport Beach, the property offers a short half-mile walk/bike ride to the beach and easy access to Lido Village, Newport Pier, and the Boardwalk.
Extensively Remodeled Interior: The unit boasts a complete, high-quality remodel featuring quartz countertops, shaker cabinets, luxury vinyl plank flooring, a custom tile backsplash, and a modern bathroom.
Penthouse & Quiet Interior Placement: As a top-floor penthouse unit, it ensures no overhead neighbors, and its interior community location provides a peaceful environment free from street noise.
Comprehensive Community Amenities: Residents benefit from a gated community with a brand new pool & spa, clubhouse, gym, BBQ facilities, and tennis courts.
Dedicated Parking with EV Charger: Includes an assigned underground gated parking space (#11) with the significant bonus of a 220V electric vehicle charger.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 496, other record living area = 726.
Studio Layout & Limited Space: Despite the alcove, it remains a studio unit with only 496 sqft, which may limit its appeal to buyers seeking more expansive living areas or multiple rooms.
High Monthly HOA Fees: The association fee of $574.00 per month is substantial for a studio unit, impacting overall affordability and monthly carrying costs.
Building Age: Constructed in 1971, the building is over 50 years old, which could lead to potential future assessments or maintenance concerns for common areas, despite the unit's interior updates.
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