186 Buoy, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 2 bath
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Costa Mesa, California 92627
This Value-Add Eastside Residence lists at $1,875,000, representing a stable entry point aligned with its $1,860,697 Fair Market Value. Maintaining a Condition Rating 4, the home features recent cosmetic updates like luxury vinyl plank flooring, yet offers significant potential for forced appreciation through kitchen and bath modernization. The generous 6,495-square-foot lot and private patio provide ample space for expansion within the Newport Mesa Unified School District, near top-rated Heinz Kaiser Elementary. This mid-century asset serves Owner-Occupants seeking a premier lifestyle or Value-Add Investors looking to capitalize on a prime Costa Mesa pocket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 186 Buoy Subject | $1,875,000* List Price | 3 | 2 | 1,452 | $1,281 | - |
A 277 E 21st Sold | $1,750,000 | 3 | 2 | 1,352 | $1,294 | 0.2 mi |
B 263 E 21st Sold | $1,552,500 | 3 | 2 | 1,440 | $1,078 | 0.2 mi |
C 268 & 270 Walnut Street Sold | $1,825,000 | 3 | 3 | 1,224 | $1,491 | 0.4 mi |
D 249 E Wilson Sold | $1,660,000 | 3 | 2 | 1,296 | $1,281 | 0.7 mi |
E 328 Magnolia Street Sold | $2,200,000 | 4 | 2 | 1,578 | $1,394 | 0.7 mi |
F 2073 2073 President Sold | $1,326,000 | 3 | 2 | 1,166 | $1,137 | 0.6 mi |
G 300 Alva Pending | $1,795,000 List Price | 3 | 2 | 1,512 | $1,187 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property presents well with recent cosmetic updates including new luxury vinyl plank flooring, fresh interior paint, and recessed lighting. However, the kitchen and bathrooms remain largely dated, featuring older cabinetry with vintage hardware, laminate countertops, and aged appliances. While the home is clean and functional, these core areas show significant stylistic obsolescence consistent with the 'fair' condition category for a 1950s build.
Situated in the highly sought-after Eastside Costa Mesa neighborhood, this property offers a quiet residential setting with exceptional proximity to beaches, parks, and major shopping hubs.
The home is served by the prestigious Newport Mesa Unified School District, with high-performing schools like Heinz Kaiser Elementary and Newport Harbor High located within a short distance.
Featuring classic mid-century character and a generous 6,495-square-foot lot, this residence presents a significant opportunity for investors or buyers looking to build equity through modern renovations.
Built in 1956, the home likely requires substantial updates to its original systems and interior finishes to meet modern luxury standards and buyer expectations.
With a list price of $1.875 million for 1,452 square feet, the property commands a premium price point that may be challenging for buyers when factoring in the costs of necessary upgrades.
Charming single family home in the desirable Eastside Costa Mesa neighborhood! This 3-bedroom, 2-bath residence offers living room with fire place and a family room with picture windows overlooking the front yard. Built in 1956, it features classic mid-century character with a front porch for sipping tea. This home is on a quiet street and has easy access to parks, schools, the beach, shopping, and the 405. Perfect for first-time buyers or investors looking to add value in a prime Costa Mesa pocket.
No exterior & parking available.
Grades 3-6 • 0.3 mi
Grades PK-2 • 0.5 mi
Grades PK-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,452 | 1,733 | 37% |
| Lot Size | 6,495 | 6,794.5 | 46% |
| Price | $1.88M | $1.65M | 64% |
| Price per sq ft | $1.3K | $1.1K | 80% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 163 | 2% |
Apr 13, 2026
$1,875,000
Initial Listing