20301 Cypress Street, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 9 bath
ACTIVE$7,950,000
20301 Cypress Street, Newport Beach, California 92660
5Beds
9Baths
5,463Sqft
19,800Lot
Price Vs. Estimate
The estimated value ($5,241,824.15) is $2,708,175.85 (34%) lower than the list price ($7,950,000). 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:
Significant Overpricing: The current listing price of $7.95M is substantially higher (34% above) the estimated property value of $5.24M, suggesting a potential valuation discrepancy that may deter buyers.
Compared to the nearby listings
Price:$7.95M vs avg $3.85M (+$4,102,000)90%
Size:5,463 sqft vs avg 2,673.5 sqft95%
Price/sqft:$1.5K vs avg $1.4K57%
More Insights
Built in 1940 (85 years old).
Condition: Despite being built in 1940, this property has undergone an extensive and high-quality renovation, transforming it into a distinctive modern/contemporary home. The visible areas, including polished stone/terrazzo flooring, clean carpets, and modern lighting fixtures, appear well-maintained and in good condition. The unique architectural style, characterized by extensive use of glass blocks, suggests a significant renovation likely within the last 5 to 15 years, making it move-in ready with no immediate renovation required. However, without clear images of the main kitchen and primary bathrooms, and considering the specific, somewhat dated contemporary style (e.g., glass blocks), it doesn't quite meet the 'new or virtually new' standard for an 'Excellent' rating. The visible kitchenette in one image is very basic, which is not indicative of a luxury main kitchen.
Year Built
1940
Close
-
List price
$7.95M
Original List price
$8M
Price/Sqft
$1,455
HOA
-
Days on market
-
Sold On
-
MLS number
NP25110522
Home ConditionGood
Features
ViewCourtyard
About this home
Nearby schools
9/10
Eastbluff Elementary School
Public,•K-6•1.0mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.7mi
/10
Woodland Elementary School
Public,•PK-2•1.9mi
8/10
Mariners Elementary School
Public,•PK-6•2.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•3.5mi
9/10
Corona Del Mar High School
Public,•7-12•1.4mi
7/10
Newport Harbor High School
Public,•9-12•3.1mi
Condition Rating
Good
Despite being built in 1940, this property has undergone an extensive and high-quality renovation, transforming it into a distinctive modern/contemporary home. The visible areas, including polished stone/terrazzo flooring, clean carpets, and modern lighting fixtures, appear well-maintained and in good condition. The unique architectural style, characterized by extensive use of glass blocks, suggests a significant renovation likely within the last 5 to 15 years, making it move-in ready with no immediate renovation required. However, without clear images of the main kitchen and primary bathrooms, and considering the specific, somewhat dated contemporary style (e.g., glass blocks), it doesn't quite meet the 'new or virtually new' standard for an 'Excellent' rating. The visible kitchenette in one image is very basic, which is not indicative of a luxury main kitchen.
Pros & Cons
Pros
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Prime Newport Beach Location: Situated in the highly desirable city of Newport Beach within the 'Back Bay Custom Homes' subdivision, offering a prestigious address and access to a sought-after lifestyle.
Generous Lot Size: The expansive 19,800 sqft lot provides ample outdoor space, privacy, and potential for luxurious landscaping, additional amenities, or future expansion.
Spacious Interior with High Bath Count: With 5,463 sqft, 5 bedrooms, and an impressive 9 bathrooms, the property offers significant living space and a high bath-to-bed ratio, suggesting luxury and convenience.
Access to Top-Rated Schools: Located within the Newport Mesa Unified School District, with several highly-rated elementary and high schools nearby, appealing to families.
Recent Price Adjustment: A slight reduction from the original list price indicates potential flexibility in negotiations and a more attractive entry point for prospective buyers.
Cons
Significant Overpricing: The current listing price of $7.95M is substantially higher (34% above) the estimated property value of $5.24M, suggesting a potential valuation discrepancy that may deter buyers.
Advanced Property Age: Built in 1940, the property is 85 years old, which may necessitate significant updates, renovations, or ongoing maintenance to meet contemporary luxury standards and buyer expectations.
Limited View Type: While offering a 'Courtyard' view, it lacks the more coveted panoramic ocean, bay, or city light views typically associated with high-value properties in Newport Beach, potentially impacting its market appeal at this price point.