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126 47th Street 1, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 3 bath

126 47th Street 1, Newport Beach, California 92663 home-pic-0
ACTIVE$2,375,000
126 47th Street 1, Newport Beach, California 92663
3Beds
3Baths
1,500Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Condominium Ownership: As a condominium, the property likely entails HOA fees and potential shared living aspects or restrictions that some buyers seeking a single-family home might prefer to avoid.

Compared to the nearby listings

Price:$2.38M vs avg $1.56M (+$812,500)79%
Size:1,500 sqft vs avg 1,357 sqft52%
Price/sqft:$1.6K vs avg $90086%

More Insights

Built in 2003 (22 years old).
Condition: Built in 2003, this property is 21 years old, placing it just outside the 'Excellent' age range. However, the listing highlights an open-concept kitchen with top-of-the-line Viking range and Sub-Zero refrigerator, and bathrooms described as having a 'resort-like ambiance.' Images confirm modern, clean bathrooms with updated fixtures and a well-maintained kitchen with high-end appliances. While the kitchen's cabinet style and granite countertops, though high-quality, are not the absolute latest trend, the overall condition is move-in ready with no immediate renovations required. The property appears to have been extensively updated or meticulously maintained, aligning well with the 'Good' criteria for properties extensively renovated within 5 to 15 years, or those built within 10-20 years and well-maintained.
Year Built
2003
Close
-
List price
$2.38M
Original List price
$2.5M
Price/Sqft
$1,583
HOA
-
Days on market
-
Sold On
-
MLS number
NP25185763
Home ConditionGood
Features
Good View: Peek-A-Boo, Water
Deck
Patio
ViewPeek-A-Boo, Water

About this home

Price to sell!! 126 47th Street, an exceptional beach property situated in one of Newport Beach's most iconic locations. This stunning home boasts a 45-foot wide lot, offering an expansive layout that feels even more spacious than its impressive dimensions suggest. Step inside to discover an open-concept kitchen equipped with top-of-the-line Viking range and Sub-Zero refrigerator. The large island doubles as a dining table, perfect for entertaining. Each of the three generously-sized bedrooms features built-in closets, with the primary bedroom offering a private suite experience. The bathrooms exude a resort-like ambiance, providing a luxurious retreat. The home is designed with high ceilings and stylish ceiling fans, enhancing the airy feel throughout. Outside, the expansive patio is complete with a large firepit, ideal for cozy gatherings. There's ample parking with a two-car garage and a side driveway that serves as guest parking, easily accommodating 4+ cars. For those seeking a tranquil escape, the roof deck provides a serene space away from it all. Located just three houses away from the ocean and within walking distance to the beautiful Sunset Ridge Park, this property offers both convenience and leisure in Newport Beach living.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.5mi
9/10
Newport Elementary School
Public,•PK-6•1.6mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.4mi
7/10
Newport Harbor High School
Public,•9-12•1.5mi
Condition Rating
Good
Built in 2003, this property is 21 years old, placing it just outside the 'Excellent' age range. However, the listing highlights an open-concept kitchen with top-of-the-line Viking range and Sub-Zero refrigerator, and bathrooms described as having a 'resort-like ambiance.' Images confirm modern, clean bathrooms with updated fixtures and a well-maintained kitchen with high-end appliances. While the kitchen's cabinet style and granite countertops, though high-quality, are not the absolute latest trend, the overall condition is move-in ready with no immediate renovations required. The property appears to have been extensively updated or meticulously maintained, aligning well with the 'Good' criteria for properties extensively renovated within 5 to 15 years, or those built within 10-20 years and well-maintained.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Situated just three houses away from the ocean in one of Newport Beach's most iconic locations, offering unparalleled access to the beach and within walking distance to Sunset Ridge Park.
Luxury Finishes & Modern Design: Features an open-concept kitchen with top-of-the-line Viking range and Sub-Zero refrigerator, resort-like bathrooms, high ceilings, stylish ceiling fans, and a private primary suite experience.
Exceptional Outdoor Living: Boasts an expansive patio with a large firepit and a serene roof deck, providing multiple private spaces for relaxation and entertaining.
Ample Parking: Includes a two-car garage plus a side driveway accommodating 4+ guest cars, a significant advantage in a dense beach community.
Spacious Layout & Lot: Designed with a 45-foot wide lot, contributing to an expansive feel, and generously-sized bedrooms, offering more space than typical condominiums.

Cons

Condominium Ownership: As a condominium, the property likely entails HOA fees and potential shared living aspects or restrictions that some buyers seeking a single-family home might prefer to avoid.
High Price Per Square Foot: With 1500 sqft at a list price of $2.375M, the property commands a premium price per square foot, which may limit the buyer pool seeking more interior space for their investment.
Recent Price Reduction: The recent price drop from $2.499M to $2.375M, while making it more competitive, could suggest initial overpricing or a longer market time, potentially raising questions for buyers.

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