2 Inverness Lane, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 4 bath
ACTIVE$6,800,000
2 Inverness Lane, Newport Beach, California 92660
4Beds
4Baths
5,409Sqft
14,168Lot
Price Vs. Estimate
The estimated value ($5,934,602.05) is $865,397.95 (12%) lower than the list price ($6,800,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
Pricing Discrepancy: The current list price of $6.8M is notably above the estimated property value of $5.93M, and has already seen a significant reduction from its original list price, suggesting potential overvaluation or market resistance.
Compared to the nearby listings
Price:$6.80M vs avg $3.85M (+$2,952,000)83%
Size:5,409 sqft vs avg 2,673.5 sqft93%
Price/sqft:$1.3K vs avg $1.4K36%
More Insights
Built in 1991 (34 years old).
Condition: The property, built in 1991, is meticulously maintained and appears to be in excellent functional condition. However, the kitchen and bathrooms, while clean and spacious, exhibit styles (e.g., light wood cabinetry, gold-toned fixtures, built-in jetted tub) that are distinctly dated from the late 1980s or early 1990s. The flooring (light-colored tile) and built-ins also reflect this era. While move-in ready, significant cosmetic updates would be required to bring these key areas to current luxury market standards, aligning with the 'Fair' criteria of being aged but maintained, with functional but outdated components, and built within the last 25-40 years without major recent renovations.
Year Built
1991
Close
-
List price
$6.8M
Original List price
$8M
Price/Sqft
$1,257
HOA
$228
Days on market
-
Sold On
-
MLS number
NP25006506
Home ConditionFair
Features
Excellent View: Canyon, Golf Course
Patio
ViewCanyon,Golf Course
About this home
Nestled within the prestigious gates of Big Canyon Country Club, this exquisitely designed modern mid-century home offers a rare opportunity to experience luxury living in one of Orange County’s most coveted neighborhoods. Situated on a serene cul-de-sac, the property boasts a sprawling lot, providing a private oasis with breathtaking golf course and canyon views.
Nearby schools
9/10
Roy O. Andersen Elementary School
Public,•K-6•0.9mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.2mi
9/10
Eastbluff Elementary School
Public,•K-6•1.3mi
9/10
Corona Del Mar High School
Public,•7-12•0.8mi
Condition Rating
Fair
The property, built in 1991, is meticulously maintained and appears to be in excellent functional condition. However, the kitchen and bathrooms, while clean and spacious, exhibit styles (e.g., light wood cabinetry, gold-toned fixtures, built-in jetted tub) that are distinctly dated from the late 1980s or early 1990s. The flooring (light-colored tile) and built-ins also reflect this era. While move-in ready, significant cosmetic updates would be required to bring these key areas to current luxury market standards, aligning with the 'Fair' criteria of being aged but maintained, with functional but outdated components, and built within the last 25-40 years without major recent renovations.
Pros & Cons
Pros
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Exclusive Community & Location: Situated within the prestigious, guard-gated Big Canyon Country Club, a highly coveted and luxurious neighborhood in Newport Beach.
Exceptional Views: Offers breathtaking golf course and canyon views, a significant premium amenity that enhances desirability.
Private & Spacious Lot: Located on a serene cul-de-sac with a sprawling 14,168 sqft lot, providing ample space and privacy.
Distinctive Architectural Design: Features an exquisitely designed modern mid-century home, offering unique aesthetic appeal and character.
Generous Living Space: A substantial 5,409 sqft residence with 4 bedrooms and 4 bathrooms, ideal for luxury living and entertaining.
Cons
Pricing Discrepancy: The current list price of $6.8M is notably above the estimated property value of $5.93M, and has already seen a significant reduction from its original list price, suggesting potential overvaluation or market resistance.
Property Age: Built in 1991, the home is older than many comparable luxury properties in the immediate vicinity, which may necessitate updates to meet current buyer expectations for modern amenities and finishes.
Prolonged Market Presence: Having been on the market since January 2025, the extended listing period could indicate challenges in attracting a buyer at the current price point or other underlying issues.