200 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - bed, bath

200 E Balboa Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$4,774,900
200 E Balboa Boulevard, Newport Beach, California 92661
0Bed
0Bath
3,029Sqft
2,400Lot

Price Vs. Estimate

The estimated value ($4,774,900) is $0 (0%) lower than the list price ($4,774,900). 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 = 2400, living area = 3029.

Compared to the nearby listings

Price:$4.77M vs avg $4.22M (+$549,900)54%
Size:3,029 sqft vs avg 2,046 sqft81%
Price/sqft:$1.6K vs avg $2.7K15%

More Insights

Built in 2017 (8 years old).
Condition: This property, built in 2017, is only 7 years old, placing it firmly within the 'Excellent' category for its age. The images showcase a home that is virtually new, with high-end, contemporary finishes throughout. The kitchen features modern wood cabinetry, pristine white marble/quartz countertops with a waterfall island, stainless steel appliances, and recessed lighting. The bathrooms are equally impressive, boasting a freestanding soaking tub, glass-enclosed walk-in showers, modern vanities, and large format tiling. Flooring is a mix of light-toned wood planks and clean carpeting, all in excellent condition. The property also includes luxury features like a private elevator and an outdoor fireplace with a built-in barbecue, indicating a high standard of construction and amenities. There are no visible signs of wear, tear, or deferred maintenance, making it truly move-in ready and meeting current quality standards.
Year Built
2017
Close
-
List price
$4.77M
Original List price
$4.9M
Price/Sqft
$1,576
HOA
-
Days on market
-
Sold On
-
MLS number
LG25188085
Home ConditionExcellent
Features
Good View: Ocean
Deck
ViewOcean

About this home

Excellent opportunity for investors or future homeowners! Currently used as a rental, this property offers immediate income potential and is ideal as an up leg for a 1031 tax-deferred exchange. Whether you’re looking for a strong addition to your investment portfolio or prefer to rent it out now and move in later, this home provides flexibility and long-term value. A rare chance to secure an income-producing property today with the option to make it your personal residence in the future. When you enter this newer-built home, you’ll instantly feel you’ve arrived at the perfect blend of luxury and comfort. The dramatic living area is centered around a cozy fireplace, creating a warm and inviting space to relax or entertain. Upstairs, three oversized bedrooms offer comfort and privacy, while the third floor reveals a surprising retreat that could serve as another primary suite. GREAT VIEW OF OCEAN With a private elevator connecting each level, convenience is built right in. Enjoy sweeping views of ocean from multiple levels, and embrace the coastal lifestyle with an outdoor fireplace and built-in barbecue designed for year-round gatherings. Whether as a savvy investment or your dream home by the beach, this property delivers both opportunity and lifestyle. Best of all, it’s just a short walk to the beach with crashing waves or a quick stroll to the bay, the Fun Zone, and the ferry to Balboa Island.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.9mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.5mi
Condition Rating
Excellent

This property, built in 2017, is only 7 years old, placing it firmly within the 'Excellent' category for its age. The images showcase a home that is virtually new, with high-end, contemporary finishes throughout. The kitchen features modern wood cabinetry, pristine white marble/quartz countertops with a waterfall island, stainless steel appliances, and recessed lighting. The bathrooms are equally impressive, boasting a freestanding soaking tub, glass-enclosed walk-in showers, modern vanities, and large format tiling. Flooring is a mix of light-toned wood planks and clean carpeting, all in excellent condition. The property also includes luxury features like a private elevator and an outdoor fireplace with a built-in barbecue, indicating a high standard of construction and amenities. There are no visible signs of wear, tear, or deferred maintenance, making it truly move-in ready and meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: The property boasts an exceptional location, just a short walk to the beach, the bay, the Fun Zone, and the ferry to Balboa Island, offering unparalleled access to coastal amenities and attractions.
Sweeping Ocean Views: Enjoy breathtaking, sweeping ocean views from multiple levels of the home, significantly enhancing its desirability and value.
Modern Construction & Luxury Amenities: Built in 2017, this newer home features a private elevator connecting each level, a dramatic living area with a cozy fireplace, oversized bedrooms, and an outdoor fireplace with a built-in barbecue, providing a luxurious and comfortable living experience.
Strong Investment Potential: Currently used as a rental, the property offers immediate income potential and is ideal for a 1031 tax-deferred exchange, providing flexibility for investors or future homeowners.
Flexible Usage & Long-Term Value: The home offers the flexibility to be used as an income-producing rental now and a personal residence later, securing long-term value in a highly sought-after market.

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 = 2400, living area = 3029.
Compact Lot Size: With a lot size of 2400 sqft for a 3029 sqft home, the property features a relatively compact footprint, which may limit expansive outdoor living space beyond the built-in amenities.
High Price Point: The current list price of $4.77 million places this property in a very exclusive luxury market segment, potentially narrowing the pool of prospective buyers.
Potential for Noise/Crowds: Its close proximity to popular attractions like the beach, Fun Zone, and ferry could lead to increased noise and foot traffic, especially during peak seasons, which might impact the tranquility for some residents.

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