211 Pearl Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 4 bed, 4 bath

211 Pearl Avenue, Newport Beach, California 92662 home-pic-0
ACTIVE$3,250,000
211 Pearl Avenue, Newport Beach, California 92662
4Beds
4Baths
2,421Sqft
2,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Balboa Island Location: Situated in the highly coveted heart of Balboa Island, offering easy access to scenic waterfront walks and the unique charm of this vibrant community.
Top Cons:
Lack of Water View: Despite its prime Balboa Island location, the property does not offer any water views, which can be a significant drawback for buyers in this market.

Compared to the nearby listings

Price:$3.25M vs avg $3.62M ($-371,500)33%
Size:2,421 sqft vs avg 2,084.5 sqft67%
Price/sqft:$1.3K vs avg $1.9K17%

More Insights

Built in 1981 (44 years old).
Condition: This duplex, built in 1981, has undergone extensive remodeling as described, with many areas showcasing contemporary luxury. The rear unit features a modern kitchen with white cabinetry, stainless steel appliances, subway tile backsplash, and updated bathrooms with modern vanities and tiling. The main house also boasts a luxurious master bathroom with modern finishes and a generally updated living space with hardwood floors and recessed lighting. However, the main house kitchen, while functional, has slightly dated greenish speckled countertops and tile flooring, and one of the main house bathrooms features very dated bright blue tile on the countertop and in the shower, which would likely require immediate updating for a buyer seeking a fully contemporary aesthetic. Despite this one dated bathroom, the overall condition, extensive updates, and well-maintained systems place it firmly in the 'Good' category, being largely move-in ready with only minor, non-essential updates needed in specific areas.
Year Built
1981
Close
-
List price
$3.25M
Original List price
$4.15M
Price/Sqft
$1,342
HOA
-
Days on market
-
Sold On
-
MLS number
OC25064238
Home ConditionGood
Features
Deck
Patio
View-

About this home

Luxury Live Auction! Bidding to start from $3,250,000! Welcome to 211 Pearl, a charming duplex located in the heart of Balboa Island. This beautifully remodeled Cape Cod-inspired property seamlessly blends timeless character with contemporary luxury. The main house features three bedrooms and three bathrooms across two levels. The inviting ground floor includes an elevated front patio, a cozy living room with a fireplace, a dining area with an eating bar, and a modern kitchen. A bright bedroom with access to a private patio completes the first floor. Upstairs, the master suite offers a serene retreat with a walk-in closet, fireplace, vaulted beamed ceilings, and a private balcony. A second guest bedroom with an en-suite bath is also located on the upper level. The rear unit has been thoughtfully updated and includes two bedrooms and one and a half bathrooms. With open-beam ceilings and an open layout, this unit offers a full kitchen with an eating bar, dining area, stackable laundry, loft space, and a balcony. The property includes a two-car garage and tandem parking for up to four vehicles. Situated in the coveted Balboa Island neighborhood, this property provides easy access to scenic waterfront walks and the unique charm of this vibrant island community.

Condition Rating
Good

This duplex, built in 1981, has undergone extensive remodeling as described, with many areas showcasing contemporary luxury. The rear unit features a modern kitchen with white cabinetry, stainless steel appliances, subway tile backsplash, and updated bathrooms with modern vanities and tiling. The main house also boasts a luxurious master bathroom with modern finishes and a generally updated living space with hardwood floors and recessed lighting. However, the main house kitchen, while functional, has slightly dated greenish speckled countertops and tile flooring, and one of the main house bathrooms features very dated bright blue tile on the countertop and in the shower, which would likely require immediate updating for a buyer seeking a fully contemporary aesthetic. Despite this one dated bathroom, the overall condition, extensive updates, and well-maintained systems place it firmly in the 'Good' category, being largely move-in ready with only minor, non-essential updates needed in specific areas.
Pros & Cons

Pros

Prime Balboa Island Location: Situated in the highly coveted heart of Balboa Island, offering easy access to scenic waterfront walks and the unique charm of this vibrant community.
Income-Generating Duplex: This property is a charming duplex, featuring a main house (3 beds/3 baths) and a thoughtfully updated rear unit (2 beds/1.5 baths), providing significant rental income potential.
Extensively Remodeled & Modernized: The Cape Cod-inspired property has been beautifully remodeled, seamlessly blending timeless character with contemporary luxury, including modern kitchens and updated interiors.
Luxurious Master Suite: The main house boasts a serene master suite with a walk-in closet, fireplace, vaulted beamed ceilings, and a private balcony, offering a high-end retreat.
Ample Parking: A significant advantage on Balboa Island, the property includes a two-car garage and tandem parking for up to four vehicles.

Cons

Lack of Water View: Despite its prime Balboa Island location, the property does not offer any water views, which can be a significant drawback for buyers in this market.
Auction Format & Price History: The property is being sold via a 'Luxury Live Auction' with a starting bid significantly lower than its original list price ($4.15M to $3.25M), which may create uncertainty or suggest previous difficulty in market valuation.
Limited Outdoor Space: With a lot size of 2614 sqft, the property offers relatively limited outdoor space, primarily consisting of patios and balconies rather than a large yard.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state