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209 Diamond Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 3 bath

209 Diamond Avenue, Newport Beach, California 92662 home-pic-0
ACTIVE$4,500,000
209 Diamond Avenue, Newport Beach, California 92662
3Beds
3Baths
1,550Sqft
2,550Lot

Price Vs. Estimate

The estimated value ($3,734,539.47) is $765,460.53 (17%) lower than the list price ($4,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Balboa Island Location: Situated on one of Balboa Island's most coveted streets, offering exceptional walkability to the waterfront boardwalk, local boutiques, and inviting cafes, embodying the quintessential island lifestyle.
Top Cons:
Potential Overpricing: The current listing price of $4.5 million is notably higher (approximately 17% above) the estimated property value of $3.73 million, which could impact market competitiveness and buyer interest.

Compared to the nearby listings

Price:$4.50M vs avg $4.31M (+$187,500)55%
Size:1,550 sqft vs avg 2,026.5 sqft35%
Price/sqft:$2.9K vs avg $2.3K80%

More Insights

Built in 1994 (31 years old).
Condition: Despite being built in 1994, the MLS description explicitly states the property has been 'thoughtfully and COMPLETELY remodeled with the finest finishes' and the 'interior has been fully transformed.' The images strongly support this, showcasing a virtually new and high-end aesthetic throughout. The kitchen features white shaker cabinets, marble countertops and backsplash, a farmhouse sink, and a professional-grade stainless steel range, all in impeccable condition. Bathrooms are equally updated with stylish wallpaper, modern vanities, and contemporary fixtures. Flooring, lighting, and overall finishes appear brand new, reflecting current quality standards with no visible wear or deferred maintenance. This extensive, recent renovation places the property firmly in the 'excellent' category.
Year Built
1994
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$2,903
HOA
-
Days on market
-
Sold On
-
MLS number
OC25079600
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

Welcome to this enchanting Balboa Island bungalow, where timeless design meets the essence of effortless coastal living. Thoughtfully and COMPLETELY remodeled with the finest finishes, this 3-bedroom, 3-bathroom home is a rare treasure—both inside and out. Set on one of the Island’s most coveted streets, the property features an extraordinary front yard oasis anchored by a stunning brick fireplace—an idyllic setting for sunset gatherings, morning coffee, or relaxed evenings under the stars. Designed with heart and soul, every inch of this home exudes warmth, sophistication and charm. The interior has been fully transformed, blending classic coastal character with elevated modern comforts. From the rich materials to the impeccable craftsmanship, no detail has been overlooked. Whether you're raising a family or enjoying the next chapter as an empty-nester, this home offers a picture-perfect lifestyle. Stroll along the waterfront boardwalk, explore the local boutiques, or enjoy a glass of wine at one of the island’s inviting cafés—everything you love about Balboa Island is just steps from your front door. This is more than just a home. It’s a love letter to island living.

Condition Rating
Excellent
Despite being built in 1994, the MLS description explicitly states the property has been 'thoughtfully and COMPLETELY remodeled with the finest finishes' and the 'interior has been fully transformed.' The images strongly support this, showcasing a virtually new and high-end aesthetic throughout. The kitchen features white shaker cabinets, marble countertops and backsplash, a farmhouse sink, and a professional-grade stainless steel range, all in impeccable condition. Bathrooms are equally updated with stylish wallpaper, modern vanities, and contemporary fixtures. Flooring, lighting, and overall finishes appear brand new, reflecting current quality standards with no visible wear or deferred maintenance. This extensive, recent renovation places the property firmly in the 'excellent' category.
Pros & Cons

Pros

Prime Balboa Island Location: Situated on one of Balboa Island's most coveted streets, offering exceptional walkability to the waterfront boardwalk, local boutiques, and inviting cafes, embodying the quintessential island lifestyle.
Comprehensive High-End Remodel: The home has been thoughtfully and completely remodeled with the finest finishes, seamlessly blending classic coastal character with elevated modern comforts, ensuring a luxurious and move-in ready experience.
Exceptional Outdoor Living Space: Features an extraordinary front yard oasis anchored by a stunning brick fireplace, providing a unique and idyllic setting for entertaining, relaxation, and enjoying the coastal ambiance.
Desirable City Lights View: The property boasts a captivating 'City Lights' view, enhancing its aesthetic appeal and offering a picturesque backdrop for residents.
Turnkey Condition: With a fully transformed interior and impeccable craftsmanship, the home is presented in a turnkey condition, requiring no immediate updates or renovations for the new owner.

Cons

Potential Overpricing: The current listing price of $4.5 million is notably higher (approximately 17% above) the estimated property value of $3.73 million, which could impact market competitiveness and buyer interest.
Limited Interior Square Footage: At 1550 square feet, the interior living space is relatively modest for its luxury price point, potentially limiting appeal for buyers seeking more expansive accommodations.
Compact Lot Size: The 2550 square foot lot, while common for Balboa Island, offers limited private outdoor space beyond the front yard, which may not suit buyers desiring larger grounds or extensive landscaping.

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