
Newport Beach, California 92663
This Prime Investment Opportunity is a Turnkey Condominium listed at $849,500—positioned well below the $875,578 Fair Market Value by 2%. This valuation gap offers $26,078 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the residence boasts a brand-new coastal remodel, luxury vinyl flooring, and an extra-large private patio. Located in the gated Villa Balboa community with resort-style amenities and proximity to top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a premium Newport Beach lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 Lille 102 Subject | $849,500* List Price | 1 | 1 | 975 | $898 | - |
A 240 Nice Lane 114 Sold | $845,000 | 1 | 1 | 915 | $923 | 0.1 mi |
B 950 Cagney 207 Sold | $1,100,000 | 2 | 2 | 1,320 | $833 | 0.0 mi |
C 220 Nice Lane 215 Sold | $910,000 | 1 | 1 | 915 | $995 | 0.1 mi |
D 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.1 mi |
E 100 Scholz Plaza Ph1 Sold | $901,000 | 2 | 2 | 961 | $938 | 0.1 mi |
F 240 Nice 302 Sold | $950,000 | 2 | 2 | 1,136 | $836 | 0.5 mi |
G 200 Paris Lane 304 Active Under Contract | $875,000 List Price | 1 | 1 | 975 | $897 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a brand-new, comprehensive remodel featuring a modern kitchen with new quartz countertops and stainless steel appliances, updated bathrooms with dual sinks, and new luxury vinyl flooring throughout. It is in mint, turnkey condition with high-end finishes.
The residence features a brand-new coastal-inspired renovation, including luxury vinyl flooring, quartz countertops, and stainless steel appliances, offering a move-in-ready experience for buyers.
An extra-large private patio with dual access from both the living room and bedroom significantly extends the living space, providing a rare outdoor retreat for a one-bedroom unit.
Located in the gated Villa Balboa community, residents benefit from premium facilities including two pools, three pickleball courts, tennis courts, and a fitness center just minutes from the beach.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =30157, other record lot size in square feet = 41693.
The association fee of $716.50 per month is relatively high for a one-bedroom condominium, which may impact the overall affordability and monthly carrying costs for some investors or buyers.
Despite the generous 975 square footage, the single-bedroom configuration limits the property's appeal to a narrower demographic, such as singles or couples, excluding small families or those requiring a dedicated guest room.
Welcome to this brand-newly remodeled first-floor 1 bed, 1 bath residence in Villa Balboa. It has just been a thoughtfully updated with a fresh, modern coastal feel. The bright and open interior features new luxury vinyl flooring throughout, abundant natural light, and a spacious living area anchored by a fireplace with direct access to an extra-large private patio—perfect for relaxing, entertaining, or enjoying the Newport Beach climate. The newly remodeled kitchen features, new quartz countertops, new stainless steel appliances including a built-in wine fridge, updated lighting, and a convenient breakfast bar that opens to the dining and living spaces. The remodeled bathroom offers dual sinks, new quartz countertops, updated cabinetry, and new light fixtures, while in-unit laundry tucked into the hallway closet adds everyday convenience. The generous bedroom also opens directly to the patio, creating an easy indoor-outdoor connection and a peaceful retreat surrounded by the lush greenery of the community. Residents of Villa Balboa enjoy two pools, two spas, three pickleball courts, one tennis court, fitness center, clubhouse, barbecue areas, gated access, and beautifully maintained grounds. Just minutes from the beach, Newport Harbor, Balboa Peninsula, Lido Marina Village, Fashion Island, dining, and shopping, this turnkey residence offers the perfect blend of comfort, convenience, and Newport Beach 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 | 2.1 |
| Baths | 1.0 | 2.5 |
| Square foot | 975 | 1,509.941 |
| Lot Size | 30,157 | 43,037.647 |
| Price | $849.5K | $1.35M |
| Price per sq ft | $871 | $956 |
| Built year | 1987 | 1980 |
| HOA | $716.5 | $664 |
| Days on market | 19 | 64 |
Aug 21, 2026
$849,500
Initial Listing