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

126 47th Street 1

Newport Beach, California 92663

ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
3Baths
1,500Sq Ft
Lot Size

Property Price

LIST PRICE$2,375,000

SUMMARY

Analysis of 126 47th Street 1, Newport Beach, California 92663 is currently available with a list price of $2,375,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is in move-in ready condition and has been exceptionally well-maintained since its 2003 construction. It features high-end kitchen upgrades including a Viking range and Sub-Zero refrigerator, along with resort-style bathrooms and modern ceiling fans. While the cabinetry and tile reflect the original build period, the overall quality, lack of deferred maintenance, and premium appliances align with the 'good' condition category.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Newport Elementary School (9/10).

  • Prime Coastal Location

    Situated just three houses from the ocean in the iconic West Newport Beach area, this property offers immediate beach access and close proximity to Sunset Ridge Park.

  • Exceptional Parking Capacity

    Rare for beach-side living, the property features a two-car garage plus a side driveway that can accommodate 4+ additional cars, providing a significant advantage in a high-density neighborhood.

CONSRISKS & DEFICIENCIES

  • Condominium Ownership

    As a condominium unit rather than a detached single-family home, the property may have shared walls and HOA-related restrictions that could deter some buyers.

  • Limited Water Views

    Despite its proximity to the sand, the property only offers 'peek-a-boo' water views, which may be a drawback for buyers expecting panoramic ocean vistas at this price point.

  • High Price Per Square Foot

    With a list price of $2,375,000 for 1,500 square feet, the property commands a premium price per square foot that may be challenging for value-oriented investors.

About 126 47th Street 1

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.

Property Details

Public Facts

Property Type
Condominium
Year Built
2003
Lot Size
-

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Heights Elementary School

Grades K-6 • 1.5 mi

8/10

Newport Elementary School

Grades PK-6 • 1.6 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.4 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,5001,791
39%
Lot Size-6,579
23%
Price$2.38M$1.89M
61%
Price per sq ft$1.6K$1.2K
74%
Built year20031983
71%
HOA$0$515
29%
Days on market200172
77%

Pricing History

Listed for Sale

Sep 6, 2025

$2,375,000

$2,499,999

-5% Price Drop

Initial Listing

Price Change

Aug 19, 2025

$2,499,999

Initial Listing

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