2306 Redlands, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 2 bath
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Newport Beach, California 92660
This property presents a High-Potential Investment Opportunity with a List Price of $1,950,000—positioned well below the $1,970,257 Fair Market Value by 1%. This valuation gap offers $20,257 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation, including pool and spa restoration. Located in the Newport Mesa Unified district near top-rated schools like Eastbluff Elementary, this asset is ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive value-add strategy.
Property is extensive renovation needed.
Built in 1960 and marketed as a 'flipper's delight,' this property requires significant rehab and construction. The listing notes several unfinished projects, a drained pool and spa, and explicitly advises buyers to bring a contractor, indicating the home is in need of major updates and structural/system attention beyond simple cosmetic repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7201, living area = 1606.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated in the highly desirable Back Bay area of Newport Beach, this property offers access to top-rated schools including Eastbluff Elementary and Corona Del Mar High, ensuring strong long-term investment value.
The property contains numerous unfinished projects and a drained pool/spa, requiring a buyer with significant construction expertise and a large renovation budget to make it habitable.
Sold strictly in as-is condition, the home's current state may present challenges for traditional financing and necessitates immediate capital investment for essential repairs.
KNOCK KNOCK....... That knocking is OPPORTUNITY calling. This back bay home is in some need of love and construction! This could be a flipper's delight. The home is currently a 3 bedroom 2 bath but could be configured as a 4 bedroom. The master bath features a newly upgraded shower and a soaking tub. There is also room for parking for a boat trailer or an RV. There are a number of unfinished projects in and around the home that will require someone with some skills and patience to deliver themselves a nice home is a great neighborhood. The pool and spa are currently drained but there are definitely there are and on the "projects" list. The property will be delivered AS-IS and the first showings will be at the Realtor's preview on Friday July 17th 11:00-2:00. Bring your contractor and take a look!
No exterior & parking available.
Grades 3-6 • 0.5 mi
Grades PK-2 • 0.7 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,606 | 2,868 |
| Lot Size | 7,201 | 6,914 |
| Price | $1.95M | $4.44M |
| Price per sq ft | $1.2K | $1.6K |
| Built year | 1960 | 1970 |
| HOA | $0 | $430 |
| Days on market | 7 | 59 |
Jul 15, 2026
$1,950,000
Initial Listing
Jun 8, 2015
$1,025,000
Public Record