2015 Barranca, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 2 bath
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Newport Beach, California 92660
This Turnkey Single-Level Residence represents a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,354,210 Fair Market Value by 11%. This valuation gap provides $159,210 in Instant Equity. Featuring a Remodeled Interior and a Peek-A-Boo Ocean View, the property maintains a Condition Rating of 2. Located in the Newport Mesa Unified district near Top-Rated Schools like Corona Del Mar High, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2015 Barranca Subject | $1,195,000* List Price | 3 | 2 | 1,184 | $1,146 | - |
A 2209 Vista Huerta Sold | $1,450,000 | 3 | 3 | 1,260 | $1,151 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1966, the property is listed as 'super clean and remodeled.' The interior photos show modern wide-plank flooring, updated recessed lighting, and contemporary finishes consistent with a recent renovation (<5 years). The exterior is well-maintained with a modern garage door, making it move-in ready with no apparent maintenance needs.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
This remodeled end-unit offers a modern, move-in-ready interior with the highly sought-after convenience of a single-story layout and increased privacy.
The property is ideally situated within walking distance to top-rated schools, including Corona Del Mar High and Eastbluff Elementary, both boasting a 9/10 rating.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1640, living area = 1184.
The property is subject to an Irvine Company land lease expiring in 2041, which may complicate long-term financing and requires a significant ~$500k buyout for fee simple ownership.
Between the $677 HOA fee and the $232.86 land lease payment, owners face nearly $910 in monthly non-mortgage expenses, impacting overall affordability.
Super clean and remodeled single level end unit with a smaill ocean view. Eating area in the kitchen, bay window in the masterOverlooks the community pool. Close to Corona Del Mar High and Our Lady Queen of Angels Church. This is an Irvine company land lease. Term expires 2041. Monthly lease payment to the Irvine Company is $232.86. Buy out price is $481,062.00
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades PK-6 • 1.4 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,184 | 2,868 |
| Lot Size | 1,640 | 6,914 |
| Price | $1.20M | $4.44M |
| Price per sq ft | $1.0K | $1.6K |
| Built year | 1966 | 1970 |
| HOA | $677.0 | $430 |
| Days on market | 40 | 59 |
Jun 12, 2026
$1,195,000
Initial Listing