
Newport Beach, California 92663
This High-Potential Investment Opportunity is listed at $799,000, positioned above the $759,062 Fair Market Value by 5%. While the property requires modernization, its Fair Condition Rating and prime coastal location two blocks from the beach offer significant long-term upside. Residents enjoy resort-style amenities, including pools, tennis, and pickleball courts. With proximity to top-rated schools like Newport Heights Elementary, this unit provides a stable foundation for Buy-and-Hold Investors or Owner-Occupants seeking to personalize a well-located Newport Beach asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 Lille Lane 204 Subject | $755,000* List Price | 1 | 1 | 975 | $764 | - |
A 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.1 mi |
B 102 Scholz Plaza 149 Sold | $800,000 | 2 | 2 | 961 | $832 | 0.1 mi |
C 300 Cagney 208 Sold | $625,000 | 1 | 1 | 726 | $861 | 0.1 mi |
D 102 Scholz Plaza 34 Sold | $979,000 | 2 | 2 | 1,155 | $848 | 0.1 mi |
E 24 Seascape Sold | $970,000 | 2 | 3 | 1,189 | $816 | 0.2 mi |
F 102 Scholz 234 Active | $899,999 List Price | 2 | 2 | 1,155 | $779 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is nearly 40 years old and retains original features including oak cabinetry, white tile countertops with wide grout lines, and older electric coil appliances. While the unit is clean and functional, the kitchen and bathrooms are significantly dated and require modernization to meet current market standards.
Situated just two blocks from the beach and directly across from Sunset Park, this property offers an exceptional Newport Beach lifestyle with immediate access to coastal recreation and fine dining.
Located within the gated Villa Balboa community, residents benefit from resort-style facilities including two pools, tennis and pickleball courts, a state-of-the-art gym, and a clubhouse.
At 975 square feet, this one-bedroom unit provides a generous floor plan featuring a large master suite with a walk-in closet, double sinks, and a light-filled living area with a fireplace.
The association fee of $717 per month is a significant recurring expense that may impact the debt-to-income ratio for some buyers and overall monthly affordability.
As a one-bedroom residence, the property may appeal to a more limited demographic, potentially excluding buyers who require a guest room or a dedicated home office.
WELCOME TO VILLA BALBOA, A GATED COMMUNITY, SITUATED UP ON THE HILL, 2 BLOCKS TO THE BEACH. THIS BEAUTIFUL ONE BEDROOM, ONE BATH LOOKS OUT TO THE SMALLER POOL. THE UNIT IS LIGHT AND BRIGHT WITH LOTS OF WINDOWS. NICE SIZE PATIO FOR ENTERTAINING WITH A GOOD SIZE STORAGE CLOSET. LARGE MASTER BEDROOM, WITH A WALK -IN CLOSET. DOUBLE SINKS IN THE BATHROOM WITH A JACUZZI BATHTUB. FIREPLACE IN LIVING ROOM WITH A GOOD SIZE KITCHEN, LOTS OF CABINET SPACE. SEPERATE DINING AREA. WASHER/DRYER AND REFRIGERATOR INCLUDED. ONE PARKING IN SHARED GARAGE WITH STORAGE ABOVE PARKING SPACE. WALKING DISTANCE TO ALL FINE DINNING. SUNSET PARK DIRECTLY ACROSS THE STREET. TWO BLOCKS TO BEACH FOR WALKING AND BIKING. AMENITIES INCLUDE: 2 POOLS, 2 JACUZZI'S, ONE TENNIS COURT, 3 PICKLEBALL COURTS, STATE OF THE ART GYM AND CLUBHOUSE. 5 MINUTES TO FASHION ISLAND, BALBOA ISLAND, LIDO ISLAND, HUNTINGTON BEACH AND FREEWAY. LOCATION, LOCATION. A MUST SEE!! GREAT COMMUNITY LIVING.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 975 | 1,320 |
| Lot Size | 975 | 27,766 |
| Price | $755.0K | $1.56M |
| Price per sq ft | $774 | $1.0K |
| Built year | 1987 | 1977 |
| HOA | $717.0 | $720 |
| Days on market | 41 | 61 |
Jun 30, 2026
$755,000
$799,000
-6% Price Drop
Initial Listing
Jun 11, 2026
$799,000
Initial Listing
Mar 14, 2012
$330,000
Public Record