118 Villa Point, Newport Beach, California 92660, Newport Beach, 92660 - 2 bed, 2 bath
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118 Villa Point
Newport Beach, California 92660
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,298Sq Ft
390,415Lot Size
Property Price
LIST PRICE$1,750,000
EST. MARKET VALUE
$1,551,685
12% AboveMARKET VALUE
SUMMARY
This Turnkey Coastal Condominium is currently listed at $1,850,000, which is positioned above the $1,660,057 Fair Market Value. While the property commands a premium, it offers a Lifestyle-Focused Opportunity for those seeking a move-in ready residence in a prime location. Featuring an Expansive Front Deck, Back Bay Views, and a Condition Rating of 3, the home provides immediate access to resort-style amenities and the Newport Beach lifestyle. This property is an ideal acquisition for Luxury Owner-Occupants or Coastal Lifestyle Seekers prioritizing location and convenience.
Estimated Market Value
$1,551,685
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Villa Point Subject 2 bd · 2 ba · 1,298 sqft · $1,195 | $1,750,000* List Price | 2 | 2 | 1,298 | $1,195 | - |
A 366 Villa Point Active 2 bd · 2 ba · 1,255 sqft · $1,108 · 0.2 mi | $1,390,000 List Price | 2 | 2 | 1,255 | $1,108 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1990, the property is 36 years old but features 'many upgrades and additions' according to the description, indicating it has undergone renovations that keep it well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location & Views
Situated in the 'hidden gem' of Villa Point, this unit offers rare, stunning views of the Back Bay and Newport Dunes, providing a quintessential coastal lifestyle near Fashion Island and Balboa Island.
- Desirable Ground Floor Layout
As a ground-floor unit featuring an expansive front deck and a spacious 1,298 sqft floor plan, it offers superior accessibility and enhanced indoor-outdoor living space rarely found in condominium living.
- Comprehensive Community Amenities
The property is located within a gated resort-style community featuring two pools, a fitness center, and immediate proximity to world-class shopping, dining, and scenic biking trails.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =390415, other record lot size in square feet = 681415.
- High Association Fees
The monthly HOA fee of $660 represents a significant recurring carrying cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Recent Price Adjustment
A $100,000 price reduction within the first week of listing suggests the initial valuation may have exceeded current market demand, potentially signaling a need for further negotiation.
About 118 Villa Point
Big Price Drop! Beautiful Corner End Unit, Featuring An Expansive Front Deck With Direct Views Of The Newport Dunes And Back Bay! Only A Very Limited Number Of These Units Available In Villa Point. Highly Desirable Ground Floor 2 Bed 2 Bath Condo, With Several Upgrades Throughout. In Close Proximity To Balboa Island, The Newport Dunes Waterfront Resort And Marina, Fashion Island, And Many Other Attractions. Many Upgrades And Additions To This Amazing Property! Villa Point Is Newport Beach's Hidden Gem. Live The Quintessential Newport Lifestyle.Abundant Natural Light, Spacious Floor Plan, Amazing Views Of The Dunes, Hyatt Resort, And The Bay. Amenities Include Two Pools, Fitness Center, Clubhouse, BBQ, Beautifully Landscaped Grounds, And Gated Security. Surrounded By Scenic Walking And Biking Trails, World Class Shopping, Pristine Beaches, And Renowned Dining Destinations. Adjacent To The Newport Beach Country Club. Don't Miss This Rare Opportunity To Live In This Highly Sought After Coastal Resort In The Very Heart Of Newport Beach!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 390,415 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $660.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,298 | 1,401.898 |
| Lot Size | 390,415 | 80,383.163 |
| Price | $1.75M | $1.31M |
| Price per sq ft | $1.3K | $954 |
| Built year | 1990 | 1981 |
| HOA | $660.0 | $663 |
| Days on market | 47 | 79 |
Pricing History
Listed for Sale
Oct 6, 2026
$1,750,000
$1,790,000
-2% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$1,790,000
$1,850,000
-3% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$1,850,000
Initial Listing
Price Change
Sep 8, 2026
$1,950,000
Initial Listing
Sold
Jan 10, 2023
$1,375,000
Public Record