102 Scholz 234, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath
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Newport Beach, California 92663
This residence represents a High-Potential Investment Opportunity, listed at a List Price of $899,999—positioned well below the $990,022 Fair Market Value by 9%. This valuation gap offers $90,023 in Instant Equity for buyers. With a Condition Rating of 4, the property provides a blank canvas for cosmetic modernization. Featuring resort-style amenities and peek-a-boo water views, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value in a prestigious Newport Beach community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 102 Scholz 234 Subject | $899,999* List Price | 2 | 2 | 1,155 | $778 | - |
A 102 Scholz Plaza 34 Sold | $979,000 | 2 | 2 | 1,155 | $848 | 0.0 mi |
B 102 Scholz Plaza 149 Sold | $800,000 | 2 | 2 | 961 | $832 | 0.0 mi |
C 24 Seascape Sold | $970,000 | 2 | 3 | 1,189 | $816 | 0.1 mi |
D 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.2 mi |
E 950 Cagney Lane 201 Active | $1,149,900 List Price | 2 | 2 | 1,297 | $887 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971 and held by the same owner for over 40 years, the property is well-maintained but dated. While it features newer faux wood flooring and updated countertops, the presence of popcorn ceilings, older white appliances, and original-style cabinetry indicates the last major updates were likely over 15-20 years ago, requiring cosmetic modernization.
The gated Versailles community offers an extensive array of amenities, including a clubhouse, pool, spa, fitness centers, and saunas, providing a high-end lifestyle experience.
Located in a highly desirable Newport Beach neighborhood, the property features a private balcony that captures ocean breezes and sunset views, enhancing its coastal appeal.
Available for the first time in over 40 years, this residence offers a significant opportunity for buyers to personalize and renovate the space to create a custom dream retreat.
Built in 1971 and held by the same owner for decades, the property likely requires additional modern updates beyond the minor improvements already completed.
The monthly association fee of $607 is relatively high, which could be a deterrent for budget-conscious buyers despite the inclusion of water, gas, and trash services.
On the market for the first time in over 40 years, this exceptional 2-bedroom, 2-bath residence presents a rare opportunity to own in one of the most desirable locations within the prestigious gated Versailles community. A private balcony off the living room welcomes refreshing ocean breezes and provides the perfect setting to relax while enjoying spectacular sunsets. Inside, a cozy fireplace anchors the spacious living area, while the open-concept floor plan seamlessly connects the living room, dining area, and kitchen—creating an inviting space for both everyday living and entertaining. Faux wood flooring extends throughout the main living areas, with plush carpet in the bedrooms. The primary suite features a recently remodeled water closet, and many areas of the home have been thoughtfully updated while still offering the opportunity to personalize and create your own dream coastal retreat. Designed for effortless indoor-outdoor living, the living room opens directly onto the private balcony. Everyday conveniences include a trash chute located just steps from the front door and easy access to the community clubhouse and resort-style pool, making it simple to enjoy all the amenities Versailles has to offer. Residents enjoy an exceptional collection of resort-inspired amenities, including a beautifully appointed clubhouse with a full kitchen, a sparkling pool and spa, BBQ area, private saunas, two fitness centers, a recreation room, and a card room. The gated community also offers controlled entry and secured building access for added peace of mind. Additional features include two assigned two underground parking spaces and the option to lease additional storage or parking through the homeowners association. HOA dues include water, gas, and trash service. Pets are welcome, subject to HOA approval. Whether you're searching for a full-time residence, a second home, or the perfect weekend escape, this rare offering combines an exceptional location, breathtaking coastal surroundings, and the opportunity to create a home uniquely your own.
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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,155 | 1,320 |
| Lot Size | 258,727 | 27,766 |
| Price | $900.0K | $1.56M |
| Price per sq ft | $779 | $1.0K |
| Built year | 1971 | 1977 |
| HOA | $607.0 | $720 |
| Days on market | 36 | 61 |
Jun 16, 2026
$899,999
Initial Listing