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120 Via Trieste, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 4 bath

120 Via Trieste, Newport Beach, California 92663 home-pic-0
ACTIVE$5,850,000
120 Via Trieste, Newport Beach, California 92663
4Beds
4Baths
3,671Sqft
3,960Lot

Price Vs. Estimate

The estimated value ($5,777,348) is $72,652 (1%) lower than the list price ($5,850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3960, living area = 3671.

Compared to the nearby listings

Price:$5.85M vs avg $4.45M (+$1,400,000)70%
Size:3,671 sqft vs avg 2,456 sqft82%
Price/sqft:$1.6K vs avg $1.8K34%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, this property has undergone an extensive and high-quality renovation, bringing it to current modern standards. The gourmet kitchen features an oversized island, newer stainless steel appliances, and extensive contemporary cabinetry, indicating a very recent update. Bathrooms, including the spa-inspired primary bath with a Jacuzzi tub, are clean, modern, and well-maintained. Flooring, lighting (recessed throughout), and overall finishes appear new or virtually new, with no visible deferred maintenance. The property is move-in ready and meets current quality standards.
Year Built
1950
Close
-
List price
$5.85M
Original List price
$5.85M
Price/Sqft
$1,594
HOA
$1,495
Days on market
-
Sold On
-
MLS number
NP25177940
Home ConditionExcellent
Features
Deck
Patio
ViewCourtyard

About this home

Wonderful opportunity to enjoy the coveted Lido Isle lifestyle just steps from the private community beach, clubhouse, marina, tennis courts, playground, and scenic waterfront park. This well-located, south-facing home offers approx. 3,725 square feet of thoughtfully designed living space with a layout ideal for both everyday comfort and entertaining. The welcoming courtyard entry opens to a spacious living room with fireplace, adjacent dining area, and a gourmet kitchen featuring an oversized island, newer stainless steel appliances, and extensive cabinetry and counter space. The main level also includes two bedrooms and a generous family room with fireplace that opens to a large strada patio, perfect for indoor-outdoor living and gatherings. Upstairs, the expansive primary suite offers a sitting area, private balcony, spa-inspired bath with Jacuzzi tub and shower, and an oversized walk-in closet with custom cabinetry. Two additional en-suite bedrooms and a loft area complete the upper level. With its spacious interiors, natural light, and prime proximity to Lido’s exclusive amenities and social offerings, this home presents a rare chance to create your coastal dream residence. Just a short walk or bike ride to Lido Marina Village, with its renowned shopping, dining, and entertainment.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•0.4mi
8/10
Newport Heights Elementary School
Public,•K-6•0.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.5mi
7/10
Newport Harbor High School
Public,•9-12•0.9mi
Condition Rating
Excellent
Despite being built in 1950, this property has undergone an extensive and high-quality renovation, bringing it to current modern standards. The gourmet kitchen features an oversized island, newer stainless steel appliances, and extensive contemporary cabinetry, indicating a very recent update. Bathrooms, including the spa-inspired primary bath with a Jacuzzi tub, are clean, modern, and well-maintained. Flooring, lighting (recessed throughout), and overall finishes appear new or virtually new, with no visible deferred maintenance. The property is move-in ready and meets current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Location & Lifestyle: Enjoy the coveted Lido Isle lifestyle, steps from private community beach, clubhouse, marina, tennis courts, playground, and waterfront park. Short walk/bike to Lido Marina Village for shopping, dining, and entertainment.
Spacious & Thoughtfully Designed Interiors: Approx. 3,725 sq ft of living space with a layout ideal for comfort and entertaining, including an expansive primary suite with sitting area, private balcony, spa-inspired bath, and oversized walk-in closet.
Gourmet Kitchen: Features a gourmet kitchen with an oversized island, newer stainless steel appliances, and extensive cabinetry and counter space, perfect for culinary enthusiasts.
Excellent Indoor-Outdoor Living: A welcoming courtyard entry and a generous family room that opens to a large strada patio create seamless indoor-outdoor living and entertaining opportunities.
Highly-Rated Schools: Located within proximity to highly-rated public schools, including Newport Elementary (9/10) and Newport Heights Elementary (8/10), enhancing family appeal.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3960, living area = 3671.
High Monthly Association Fee: A significant monthly association fee of $1,495.0 adds a substantial recurring cost to ownership, which should be factored into the budget.
Modest Lot Size: The lot size of 3,960 sq ft is relatively modest for a luxury property in this desirable Newport Beach location, potentially limiting expansive outdoor space.
Potential Overpricing: The current list price of $5.85M is 4% above the estimated market value of $5.605M, suggesting it may be priced aggressively compared to current market estimations.

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