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126 Via Koron, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 5 bath

126 Via Koron, Newport Beach, California 92663 home-pic-0
ACTIVE$5,950,000
126 Via Koron, Newport Beach, California 92663
3Beds
5Baths
3,557Sqft
3,608Lot

Price Vs. Estimate

The estimated value ($5,200,454.79) is $749,545.21 (12%) lower than the list price ($5,950,000). 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 = 3608, living area = 3557.

Compared to the nearby listings

Price:$5.95M vs avg $4.45M (+$1,500,000)71%
Size:3,557 sqft vs avg 2,456 sqft79%
Price/sqft:$1.7K vs avg $1.8K40%

More Insights

Built in 1998 (27 years old).
Condition: The property was built in 1998, making it 26 years old. While impeccably maintained and featuring high-quality materials such as stone flooring and custom dark wood cabinetry in the kitchen, the overall aesthetic reflects its original build era. The kitchen, described as 'gourmet,' includes professional-grade appliances and granite countertops that, while functional and well-kept, are not contemporary in style. There is no indication of a recent extensive renovation (within the last 5-15 years) that would update it to current standards. The home is aged but maintained, with major components showing signs of being outdated in style, aligning with a 'Fair' condition rating.
Year Built
1998
Close
-
List price
$5.95M
Original List price
$6.15M
Price/Sqft
$1,673
HOA
$1,913.41
Days on market
-
Sold On
-
MLS number
NP24120927
Home ConditionFair
Features
Patio
ViewCourtyard

About this home

ENJOY THE LIDO LIFESTYLE IN THIS BEAUTIFUL MEDITERRANEAN STYLE HOME. THIS STUNNING RESIDENCE, MASTERFULLY DESIGNED HOME IS SITUATED ON OVERSIZED LOT, 40 FOOT, STREET TO STREET PARCEL AND IN ONE OF LIDO ISLAND'S MOST DESIRABLE LOCATIONS. THE THREE BEDROOMS, 5 BATHROOMS (3 FULL, 2 HALF) HOME OFFERS A UNIQUE BLEND OF SOPHISTICATION AND COMFORT WITH FORMAL AND INFORMAL AREAS FOR GRACIOUS LIVING AND ENTERTAINMENT. BOASTING SPACIOUS LIVING AREAS, HIGH CEILINGS, A GOURMET KITCHEN WITH CUSTOM CABINETRY, FAMILY ROOM WITH FIREPLACE AND SUN DRENCHED CENTRAL COURTYARD WITH TV AND FIRE PIT. THERE ARE THREE PRIVATE BEDROOM SUITES. THE MASTER SUITE OFFERS A GRACEFUL FIREPLACE, LARGE WALK-IN CLOSET AND AN ADJACENT OFFICE. THERE IS A SECOND FLOOR LAUNDRY ROOM AND OVERSIZED 2 CAR GARAGE PLUS A CAR BARN. ENJOY LIDO ISLAND'S COASTAL LIFESTYLE WITH COMMUNITY CLUBHOUSE AND MARINA, TENNIS COURTS AND BAY FRONT PARKS. A STROLL AWAY IS THE LIDO MARINA VILLAGE WITH RESTAURANTS, SHOPS AND ENTERTAINMENT.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.3mi
9/10
Newport Elementary School
Public,•PK-6•0.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.4mi
7/10
Newport Harbor High School
Public,•9-12•0.9mi
Condition Rating
Fair
The property was built in 1998, making it 26 years old. While impeccably maintained and featuring high-quality materials such as stone flooring and custom dark wood cabinetry in the kitchen, the overall aesthetic reflects its original build era. The kitchen, described as 'gourmet,' includes professional-grade appliances and granite countertops that, while functional and well-kept, are not contemporary in style. There is no indication of a recent extensive renovation (within the last 5-15 years) that would update it to current standards. The home is aged but maintained, with major components showing signs of being outdated in style, aligning with a 'Fair' condition rating.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Lido Island Location: Situated in one of Lido Island's most desirable locations, offering a coastal lifestyle with access to community clubhouse, marina, tennis courts, bay front parks, and a short stroll to Lido Marina Village's restaurants, shops, and entertainment.
Oversized, Street-to-Street Parcel: The property boasts an oversized 40-foot, street-to-street parcel, providing enhanced privacy and a unique footprint within the community.
Luxurious & Well-Appointed Interiors: A masterfully designed Mediterranean-style home featuring spacious living areas, high ceilings, a gourmet kitchen with custom cabinetry, and three private bedroom suites, including a master suite with a fireplace, large walk-in closet, and adjacent office.
Desirable Outdoor Living Space: Includes a sun-drenched central courtyard with a TV and fire pit, offering an ideal setting for gracious living and entertainment.
Ample Parking & Storage: Features an oversized 2-car garage plus a car barn, providing significant and rare parking and storage capacity for the area.

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 = 3608, living area = 3557.
Significant Overpricing: The current listing price of $5.95 million is 12% higher than the estimated property value of $5.2 million, and notably above several comparable recent sales in the area, suggesting it may be overpriced.
Limited Views: While offering a pleasant courtyard view, the property lacks panoramic bay or ocean views, which are often a premium feature and expectation for homes in this price range on Lido Island, potentially limiting its appeal to some buyers.
High Association Fees: The property carries a substantial association fee of $1913.41, which represents a significant ongoing cost that could be a deterrent for potential buyers.

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