
Newport Beach, California 92660
This residence at The Granville represents a High-Potential Investment Opportunity, listed at a List Price of $2,895,000—positioned well above the $2,388,179 Fair Market Value. While the price reflects a premium, the property offers a rare Single-Level Layout with Golf Course Frontage and a Condition Rating of 4, providing a blank canvas for modernization. The home’s 24-hour guarded gate security and proximity to Fashion Island ensure long-term desirability. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier Newport Beach asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1061 Granville Subject | $2,895,000* List Price | 2 | 2 | 2,159 | $1,106 | - |
A 1117 Granville Drive Sold | $2,575,000 | 2 | 2 | 2,160 | $1,192 | 0.0 mi |
B 23 Ocean Vista Sold | $2,360,000 | 2 | 3 | 2,272 | $1,039 | 0.4 mi |
C 20 Ocean Vista Sold | $2,670,000 | 2 | 3 | 2,585 | $1,033 | 0.4 mi |
D 72 Ocean Vista Active | $2,575,000 List Price | 2 | 3 | 2,557 | $1,007 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property features interior renovations (specifically in the kitchen and bathrooms) that appear to be 20-30 years old, characterized by dated tile countertops and older fixtures. While the home is well-maintained and functional, the listing description explicitly suggests a 'future owner to reimagine and elevate the interiors,' aligning with the criteria for a dated property needing updates.
Situated behind 24-hour guarded gates, the home offers coveted west-facing views of the Newport Beach Country Club fairways, providing tranquil vistas and abundant afternoon sunlight.
The residence features a highly desirable floor plan with no interior stairs, centered around two private courtyards that create a unique sense of serenity and indoor-outdoor flow.
Boasting remarkable walkability, the property is just moments from Fashion Island’s world-class shopping, dining, and the coastal lifestyle of Newport Harbor.
Built in 1971, the home is described as an opportunity to 'reimagine and elevate,' suggesting that significant capital investment is likely required to modernize the space to current luxury standards.
The association fee of $1,301.15 per month is relatively high for a two-bedroom condominium, which may be a consideration for budget-conscious buyers.
Overlooking the immaculate fairways of the Newport Beach Country Club, The Granville remains one of Newport Beach's most discreet and desirable residential enclaves. Behind its 24-hour guarded gates, a limited collection of homes enjoys a coveted west-facing orientation, bathing interiors and terraces in afternoon sunlight while capturing tranquil golf course vistas. Designed for effortless single-level living, this residence offers a floor plan that is increasingly difficult to find. There are no interior stairs, and the home unfolds around two private courtyards that create serenity and seclusion. At its heart is an expansive great room spanning the width of the home, opening seamlessly to a generous stone terrace overlooking the fairways beyond. The scale of the principal rooms is equally impressive. A spacious kitchen with an adjoining breakfast room serves as the center of daily life, while the primary suite features a private sitting room and abundant space to create a true retreat. A gracious gallery entrance sets the tone upon arrival. Two bedrooms occupy a separate wing of the home, both opening directly onto its courtyards. While comfortable as it exists today, the residence also presents a rare opportunity for a future owner to reimagine and elevate the interiors to their own taste. The combination of single-level living, golf course frontage, generous proportions, and an irreplaceable location creates a foundation for something truly exceptional. Residents of The Granville enjoy access to a private clubhouse and pool, but perhaps the community's greatest luxury is its remarkable walkability. Situated in the heart of Newport Center, the home is just moments from Fashion Island's renowned shopping and dining, Newport Harbor's sailing and yachting lifestyle, championship golf, coastal walking paths, and some of Southern California's finest restaurants and cultural amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 2,159 | 1,980 | 50% |
| Lot Size | 167,447 | 60,920.5 | 81% |
| Price | $2.90M | $2.22M | 75% |
| Price per sq ft | $1.3K | $1.0K | 83% |
| Built year | 1971 | 1981 | 31% |
| HOA | $1301.15 | $751 | 86% |
| Days on market | 5 | 137 | 3% |
Jun 1, 2026
$2,895,000
Initial Listing
Apr 19, 2000
$767,000
Public Record