
Newport Beach, California 92663
This Versailles Condominium represents a Strong Value Opportunity, listed at $899,999—positioned slightly above the $895,027 Fair Market Value. While the property requires cosmetic modernization to reach its full potential, its Condition Rating of 4 reflects a well-maintained foundation. Residents enjoy resort-style amenities, including a pool, spa, and fitness centers, alongside proximity to top-rated schools like Newport Heights Elementary. This coastal asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Newport Beach lifestyle with significant personalization potential.
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 | $775 | - |
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 230 Lille Lane 204 Sold | $715,000 | 1 | 1 | 975 | $733 | 0.1 mi |
E 101 Scholz Plaza Ph 16 Sold | $1,100,000 | 2 | 2 | 1,231 | $894 | - |
F 101 Scholz Plaza Ph18 Sold | $1,150,000 | 2 | 2 | 1,231 | $934 | - |
G 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.2 mi |
H 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 the primary bathroom is recently remodeled and faux wood flooring has been added, the kitchen features older white appliances and cabinetry that exceed the 15-30 year renovation window for a 'Good' rating, necessitating aesthetic updates.
Situated in a highly desirable gated community within walking distance to the beach, Newport Pier, and Lido Marina Village, offering a quintessential Newport Beach lifestyle.
The Versailles community provides an extensive amenity package including a clubhouse, pool, spa, fitness centers, and saunas, plus the security of gated access and two assigned underground parking spaces.
The home features a spacious open-concept living area with a cozy fireplace and a private balcony that captures ocean breezes and sunset views, ideal for indoor-outdoor entertaining.
Offered for the first time in over 40 years, the property likely requires additional cosmetic renovations beyond the primary suite to meet contemporary luxury standards.
The $607 monthly association fee represents a significant recurring expense that buyers must factor into their total monthly carrying costs.
Walk to the beach. Enjoy ocean breezes every day. Relax on your private balcony while watching spectacular sunsets in one of Newport Beach's most desirable gated communities. If you love Ocean views, this could be your dream home! Offered for the first time in more than 40 years, this rare 2-bedroom, 2-bath home is located in the highly desirable gated Versailles community. The spacious living area features a cozy fireplace and an open-concept layout connecting the living room, dining area, and kitchen—creating a comfortable setting for both everyday living and entertaining. The living room opens directly to the private balcony, creating an inviting indoor-outdoor connection and the perfect spot to enjoy the coastal atmosphere. Faux wood flooring extends throughout the main living areas, with plush carpeting in the bedrooms. The primary suite includes a recently remodeled bathroom, while thoughtful updates throughout the home provide a move-in-ready foundation with opportunities to add your own personal style. Versailles offers an exceptional collection of resort-style amenities, including a beautifully appointed clubhouse with full kitchen, sparkling pool and spa, BBQ area, private saunas, two fitness centers, recreation room, and card room. The gated community features controlled entry and secured building access. Additional conveniences include two assigned underground parking spaces and the option to lease additional storage or parking through the HOA. HOA dues include water, gas, and trash service. Pets are welcome, subject to HOA approval. Ideally located near Newport Beach Pier, Balboa Island, Lido Marina Village, Newport Harbor, outstanding restaurants, and Hoag Hospital, this is a rare opportunity to enjoy the best of the Newport Beach lifestyle. Whether you're looking for a full-time residence, a second home, or a weekend coastal escape, this special property offers an exceptional location, ocean breezes, beautiful sunsets, and the opportunity to create your own Newport Beach retreat.
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 | 2.1 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,155 | 1,509.941 |
| Lot Size | 258,727 | 43,037.647 |
| Price | $900.0K | $1.35M |
| Price per sq ft | $779 | $956 |
| Built year | 1971 | 1980 |
| HOA | $607.0 | $664 |
| Days on market | 85 | 64 |
Jun 16, 2026
$899,999
Initial Listing