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127 Coral Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 2 bath

127 Coral Avenue, Newport Beach, California 92662 home-pic-0
ACTIVE$3,477,000
127 Coral Avenue, Newport Beach, California 92662
3Beds
2Baths
1,368Sqft
2,550Lot

Price Vs. Estimate

The estimated value ($3,040,273.04) is $436,726.96 (12%) lower than the list price ($3,477,000). This property may be overpriced.

Key pros and cons

Top Pros:
Premier Balboa Island Location: Situated in the highly sought-after heart of Balboa Island, offering easy walking access to shops on Marine Avenue and representing a quintessential coastal lifestyle.
Top Cons:
Lack of Dedicated Parking: The property description does not mention a garage or any off-street parking, which can be a significant inconvenience and a detractor in a densely populated area like Balboa Island.

Compared to the nearby listings

Price:$3.48M vs avg $4.11M ($-635,500)35%
Size:1,368 sqft vs avg 2,026.5 sqft25%
Price/sqft:$2.5K vs avg $2.3K60%

More Insights

Built in 1951 (74 years old).
Condition: This 1951-built home is described as 'impeccably move-in ready' and the images support a well-maintained property. The interior features hardwood flooring throughout, vaulted ceilings, and clean, updated bathrooms (though not ultra-modern, they appear functional and aesthetically pleasing, likely updated within the last 10-20 years). While the kitchen is not explicitly shown, the overall 'move-in ready' status suggests it is in good, functional condition. The property exhibits minimal wear and tear, and while it retains classic charm, it has clearly benefited from regular upkeep and updates, aligning with the 'Good' criteria for a well-maintained home that doesn't require immediate renovation.
Year Built
1951
Close
-
List price
$3.48M
Original List price
$3.48M
Price/Sqft
$2,542
HOA
-
Days on market
-
Sold On
-
MLS number
NP25107394
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 127 Coral Avenue, in the heart of Balboa Island, this beautifully classic home is beaming with beach cottage charm. The architectural details are rich with tradition from the shingled exterior and dutch door, to the port hole windows that appoint several rooms. Raised above street level and wrapped with beautifully landscaped brick flowerbeds, this home has major curb appeal. There are three bedrooms, two bathrooms, and a spacious back patio, perfect for soaking in the ocean breeze. The living room draws you in with its cozy fireplace and painted wood vaulted ceiling. The dutch door allows ample natural light and fresh coastal air to flow. Hardwood flooring runs throughout as well as original custom millwork. The soft white plaster walls are the perfect canvas for any design scheme. The central island location offers easy walking access to shops on Marine Ave. 127 Coral Avenue is a true gem, representing quintessential Balboa Island style and impeccably move-in ready in one of Newport Beach’s most sought-after locations. Don’t miss this rare Balboa Island opportunity!

Condition Rating
Good
This 1951-built home is described as 'impeccably move-in ready' and the images support a well-maintained property. The interior features hardwood flooring throughout, vaulted ceilings, and clean, updated bathrooms (though not ultra-modern, they appear functional and aesthetically pleasing, likely updated within the last 10-20 years). While the kitchen is not explicitly shown, the overall 'move-in ready' status suggests it is in good, functional condition. The property exhibits minimal wear and tear, and while it retains classic charm, it has clearly benefited from regular upkeep and updates, aligning with the 'Good' criteria for a well-maintained home that doesn't require immediate renovation.
Pros & Cons

Pros

Premier Balboa Island Location: Situated in the highly sought-after heart of Balboa Island, offering easy walking access to shops on Marine Avenue and representing a quintessential coastal lifestyle.
Exceptional Curb Appeal & Classic Charm: The home boasts significant curb appeal with its traditional shingled exterior, Dutch door, port hole windows, and beautifully landscaped brick flowerbeds, exuding beach cottage charm.
Move-in Ready Condition: Described as 'impeccably move-in ready,' indicating that the property requires no immediate renovations or significant updates for new owners.
Desirable Interior Features: Features include hardwood flooring throughout, original custom millwork, a cozy fireplace, painted wood vaulted ceilings, and soft white plaster walls, providing a blend of classic style and a versatile design canvas.
Private Outdoor Living Space: A spacious back patio offers a dedicated area for outdoor relaxation and enjoying the ocean breeze, enhancing the coastal living experience.

Cons

Lack of Dedicated Parking: The property description does not mention a garage or any off-street parking, which can be a significant inconvenience and a detractor in a densely populated area like Balboa Island.
Absence of Cooling System: There is no mention of an air conditioning system, which could be a comfort concern for residents during warmer months, despite the coastal breeze.
No Water View: The property explicitly states 'View: None,' which is a notable disadvantage in a premium coastal market where water views typically command a significant price premium.

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