2328 Margaret Drive, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 3 bath
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Newport Beach, California 92663
This Single-Level Coastal Residence in Newport Heights is listed at $2,995,000, carrying a location premium over its $2,737,495 Fair Market Value. Boasting a Condition Rating of 4, the home features vaulted ceilings, a private patio, and a spacious layout that serves as a canvas for modernization. Its proximity to Top-Rated Schools like Newport Harbor High and the vibrant 17th Street corridor ensures strong lifestyle appeal and market stability. This property is a prime acquisition for Owner-Occupants looking to build equity through renovation or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2328 Margaret Drive Subject | $2,995,000* List Price | 4 | 3 | 2,100 | $1,304 | - |
A 437 Tustin Sold | $2,700,000 | 5 | 4 | 2,573 | $1,049 | 0.3 mi |
B 316 Catalina Drive Sold | $2,640,000 | 3 | 3 | 2,124 | $1,243 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the home is approximately 28 years old and appears to retain most of its original finishes. The kitchen and bathrooms feature dated oak cabinetry, white tile countertops, and 90s-era fixtures. While the property is well-maintained and functional for move-in, it requires cosmetic updates to meet modern standards.
Situated in the prestigious Newport Heights neighborhood, this property offers an ideal lifestyle with close proximity to the beaches, as well as the vibrant shopping and dining corridor along 17th Street.
The home is perfectly positioned for families, located less than an eighth of a mile from Newport Harbor High School and within easy reach of top-rated Ensign Middle and Newport Heights Elementary.
The rare single-story open floor plan combined with vaulted ceilings creates an airy, spacious atmosphere that is highly sought after for both accessibility and modern entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2100, other record living area = 2145.
The mention of 'creating your own fresh finishes' and the use of virtually enhanced photos suggest the 1996 interior may be dated and require additional capital investment to meet contemporary luxury standards.
At a list price of nearly $3 million, the property commands a high price point that may be difficult to justify if significant renovations are needed to achieve the aesthetic potential shown in marketing materials.
LOCATION, lifestyle, and comfort come together at 2328 Margaret Drive. This beautiful 4 bedroom, 3 bath residence offers a warm and inviting layout - ready for move in OR take a moment to create your own new, fresh finishes. Upon entering, vaulted ceilings create an airy, open feel, and the perfect canvas for most any design. A single level, open floor plan follows, ideal for any discerning buyer offering space for both everyday living and entertaining. Step outside to a private backyard ideal for summer barbecues, outdoor dining, or simply enjoying our sunny So Cal weather. Perfectly positioned just moments from award-winning schools including Newport Harbor High School and Ensign Middle School, and in close proximity to those sunny Newport beaches, vibrant shops and dining spots along 17th Street - this home captures the very best of the Newport Beach lifestyle. *Certain photos include AI or virtually enhanced elements to illustrate potential use or appearance. Some photos have been digitally altered and are noted in the captions. As required by California law, the original, unaltered image can be viewed next to the digitally altered image.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 49% |
| Square foot | 2,100 | 2,573 | 29% |
| Lot Size | 5,351 | 5,000 | 55% |
| Price | $3.00M | $4.45M | 24% |
| Price per sq ft | $1.4K | $1.8K | 31% |
| Built year | 1996 | 1964 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 169 | 6% |
Mar 24, 2026
$2,995,000
Initial Listing
Aug 8, 2001
$673,000
Public Record