212 Via Koron, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 4 bath

212 Via Koron, Newport Beach, California 92663 home-pic-0
ACTIVE$5,995,000
212 Via Koron, Newport Beach, California 92663
5Beds
4Baths
3,022Sqft
3,960Lot

Price Vs. Estimate

The estimated value ($5,280,265.26) is $714,734.74 (11%) lower than the list price ($5,995,000). 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 = 3960, living area = 3022.

Compared to the nearby listings

Price:$6.00M vs avg $4.45M (+$1,545,000)75%
Size:3,022 sqft vs avg 2,456 sqft71%
Price/sqft:$2.0K vs avg $1.8K58%

More Insights

Built in 1956 (69 years old).
Condition: The property, built in 1956, is explicitly marketed as an 'opportunity to build or remodel,' indicating its dated condition. While appearing well-maintained, the interior finishes, including the kitchen cabinets, tiled flooring, and bathroom styles, suggest an older renovation (likely 15-30 years ago) rather than recent updates. The property requires significant investment to meet current quality standards and buyer expectations for this prestigious location, aligning with the 'fair' category's description of being aged but maintained, with major components showing signs of being outdated.
Year Built
1956
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
$1,984
HOA
$2,150
Days on market
-
Sold On
-
MLS number
OC25037722
Home ConditionFair
Features
Deck
Patio
View-

About this home

OPPORTUNITY TO BUILD OR REMODEL. Situated on the prestigious Lido Isle in Newport Beach, California, 212 Via Koron is a 5-bedroom, 3.5-bathroom single-family home. Spanning 3,022 square feet, this residence offers expansive living spaces, a 3-car garage, and multiple outdoor areas on a 45' x 88' street to street lot. The inviting foyer leads to a living/family room featuring a charming fireplace and views of a private, landscaped courtyard. The adjacent kitchen and dining area also overlook the sun-drenched courtyard, providing a comfortable space to unwind and embrace the island lifestyle. The first floor features a spacious bedroom, offering convenient living space for guests or as a home office. This room is designed with comfort and in mind, boasting natural light and a relaxed atmosphere. The bedroom also benefits from the home's thoughtfully planned layout, making it an ideal retreat with the added bonus of proximity to the cozy family room and private outdoor courtyard. The upper level includes an expansive great room, ideal for use as a game room, media center, or secondary family gathering area, along with a thoughtfully integrated bedroom offering flexible use. The upstairs primary suite enhances the home's appeal with abundant closet space and a serene ambiance, while three additional bedrooms provide comfort for family and guests. A large, south-facing balcony offers additional outdoor living space. Homeowner has preliminary plans through a local renowned architect and builder to construct a 4660 sqft. 2 story, 4 bedroom plus office home with rooftop offering ocean views. Residents can enjoy exclusive community amenities, including a private beach, clubhouse, snack bar, and courts for tennis, pickleball, and basketball. Lush parks and playgrounds offer even more outdoor enjoyment. Just a short stroll away, Lido Marina Village presents boutique shopping and fine dining, while the nearby Newport Peninsula invites you to explore the best of beachside living.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.4mi
9/10
Newport Elementary School
Public,PK-60.4mi
7/10
Horace Ensign Intermediate School
Public,7-80.4mi
7/10
Newport Harbor High School
Public,9-120.8mi
Condition Rating
Fair

The property, built in 1956, is explicitly marketed as an 'opportunity to build or remodel,' indicating its dated condition. While appearing well-maintained, the interior finishes, including the kitchen cabinets, tiled flooring, and bathroom styles, suggest an older renovation (likely 15-30 years ago) rather than recent updates. The property requires significant investment to meet current quality standards and buyer expectations for this prestigious location, aligning with the 'fair' category's description of being aged but maintained, with major components showing signs of being outdated.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prestigious Location & Amenities: Situated on the highly sought-after Lido Isle, residents benefit from exclusive community amenities including a private beach, clubhouse, various sports courts, and parks, all within a short stroll to Lido Marina Village's upscale shopping and dining.
Significant Development Potential: The property is explicitly presented as an 'OPPORTUNITY TO BUILD OR REMODEL,' with preliminary plans for a larger 4660 sqft home featuring a valuable rooftop ocean view, appealing to buyers seeking a custom luxury residence.
Generous Lot Size: The 45' x 88' street-to-street lot (3960 sqft) offers ample space for a substantial new build or extensive remodel, providing flexibility for design and outdoor living areas on Lido Isle.
Spacious Existing Layout: The current 3,022 sqft home features 5 bedrooms, multiple living spaces including an expansive great room, and private outdoor areas like a landscaped courtyard and a south-facing balcony, offering comfortable living even before renovation.
Future Ocean Views: While not currently present, the preliminary plans for a new build include a rooftop deck designed to capture ocean views, a highly desirable feature that significantly enhances future property value and appeal.

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 = 3960, living area = 3022.
Dated Condition & Required Investment: Built in 1956, the property is an older home explicitly marketed for building or remodeling, indicating it is not move-in ready for a luxury buyer and will require substantial additional investment beyond the purchase price.
Lack of Current Views: The current property does not offer significant views ('View: None' is listed), which is a notable disadvantage compared to many premium properties on Lido Isle and several comparables that boast existing bay, ocean, or panoramic vistas.
High All-In Cost: The listing price, combined with the implied significant costs for a full remodel or new construction in a high-value area like Newport Beach, means the total investment will be substantial, potentially limiting the buyer pool.

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