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2233 Heather Lane, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath

2233 Heather Lane, Newport Beach, California 92660 home-pic-0
ACTIVE$3,195,000
2233 Heather Lane, Newport Beach, California 92660
3Beds
3Baths
2,061Sqft
13,200Lot

Price Vs. Estimate

The estimated value ($2,711,142.655) is $483,857.345 (15%) lower than the list price ($3,195,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13200, living area = 2061.
Top Cons:
Significant Valuation Gap: The current listing price of $3.195M is 15% higher than the estimated property value of $2.711M, indicating a potential overpricing relative to market comparables and current valuations.

Compared to the nearby listings

Price:$3.19M vs avg $3.84M ($-646,500)32%
Size:2,061 sqft vs avg 2,666 sqft23%
Price/sqft:$1.6K vs avg $1.4K62%

More Insights

Built in 1960 (65 years old).
Condition: Built in 1960, this single-level ranch-style home has undergone significant modern updates, particularly in the kitchen and bathrooms. The kitchen features white shaker cabinets, stainless steel appliances, and subway tile backsplash, while bathrooms boast modern vanities and updated tiling. Hardwood floors are present throughout the main living areas and bedrooms. The description mentions 'fresh updates, including brand-new interior paint.' While the property's age suggests major systems might not be new, the visible components are move-in ready and stylish, indicating extensive renovation within the last 5-15 years for key areas, aligning with a 'Good' condition score.
Year Built
1960
Close
-
List price
$3.19M
Original List price
$3.19M
Price/Sqft
$1,550
HOA
$1,200
Days on market
-
Sold On
-
MLS number
OC25073305
Home ConditionGood
Features
Excellent View: Lake
Patio
ViewLake

About this home

Welcome to 2233 Heather Lane, an exceptional opportunity to own a rare lakefront property in the hidden enclave of Cherry Lake, Newport Beach. This single-level ranch-style home sits on an expansive 13,068 square foot lot (.30 acres) with private, direct access to the tranquil, spring-fed waters of Cherry Lake. Offering 3 bedrooms and 3 bathrooms across 2,061 square feet of living space, this charming residence combines timeless architecture with fresh updates, including brand-new interior paint. Designed for seamless indoor-outdoor living, the home features generous living and dining areas, abundant natural light, and serene views of the surrounding nature. The spacious backyard offers endless possibilities to create your own lakeside retreat — perfect for entertaining, relaxing, or enjoying water activities just steps from your door. Nestled in one of Newport Beach’s best-kept secrets, 2233 Heather Lane delivers an unparalleled lifestyle with close proximity to the Back Bay’s hiking and biking trails, award-winning schools, and world-class beaches, dining, and shopping. Rarely do opportunities arise to live on Cherry Lake — don’t miss your chance to own a piece of this private paradise.

Nearby schools

8/10
Heinz Kaiser Elementary School
Public,•3-6•0.6mi
/10
Woodland Elementary School
Public,•PK-2•0.7mi
9/10
Eastbluff Elementary School
Public,•K-6•0.9mi
8/10
Mariners Elementary School
Public,•PK-6•1.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.4mi
9/10
Corona Del Mar High School
Public,•7-12•1.3mi
7/10
Newport Harbor High School
Public,•9-12•2.0mi
Condition Rating
Good
Built in 1960, this single-level ranch-style home has undergone significant modern updates, particularly in the kitchen and bathrooms. The kitchen features white shaker cabinets, stainless steel appliances, and subway tile backsplash, while bathrooms boast modern vanities and updated tiling. Hardwood floors are present throughout the main living areas and bedrooms. The description mentions 'fresh updates, including brand-new interior paint.' While the property's age suggests major systems might not be new, the visible components are move-in ready and stylish, indicating extensive renovation within the last 5-15 years for key areas, aligning with a 'Good' condition score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13200, living area = 2061.
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Rare Lakefront Location & Private Access: The property offers a unique and highly coveted lakefront position on Cherry Lake with private, direct access to its tranquil, spring-fed waters, a rare amenity in Newport Beach.
Expansive Lot Size: Sitting on a generous 13,068 square foot (.30 acre) lot, the property provides ample space for potential expansion, extensive landscaping, or creating a custom lakeside retreat.
Prime Newport Beach Location: Nestled in a 'hidden enclave' within Newport Beach, it offers an unparalleled lifestyle with close proximity to Back Bay trails, award-winning schools, world-class beaches, dining, and shopping.
Indoor-Outdoor Living & Natural Views: The home is designed for seamless indoor-outdoor living, featuring abundant natural light and serene views of the surrounding nature and the lake, enhancing its lifestyle appeal.
Recent Updates & Timeless Charm: The single-level ranch-style home combines timeless architecture with fresh updates, including brand-new interior paint, offering a charming and move-in ready residence.

Cons

Significant Valuation Gap: The current listing price of $3.195M is 15% higher than the estimated property value of $2.711M, indicating a potential overpricing relative to market comparables and current valuations.
Age of Property & Potential for Further Upgrades: Built in 1960, despite recent interior paint, the property's age suggests that major systems (e.g., HVAC, plumbing, electrical) may require significant updates or replacement to meet modern standards, which could incur substantial future costs.
Modest Living Space for Lot Size: With 2,061 square feet of living space on a 0.3-acre lot, the current home footprint is relatively modest for the expansive land, potentially requiring significant investment for buyers seeking a larger residence or full redevelopment to maximize the lot's potential.

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