238 Walnut Street, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 2 bath
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Newport Beach, California 92663
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $2,650,000—positioned well below the $2,669,886 Fair Market Value by 0.75%. This valuation gap offers $19,886 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, Hardwood Floors, and a Private Patio. Located in the Newport-Mesa Unified School District near top-rated schools, this property offers a premium coastal lifestyle. It is an ideal acquisition for Owner-Occupants or discerning professionals seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 238 Walnut Street Subject | $2,495,000* List Price | 4 | 2 | 1,719 | $1,474 | - |
A 258 Walnut Sold | $2,325,000 | 3 | 2 | 1,348 | $1,725 | 0.0 mi |
B 354 354 62nd Street Sold | $3,200,000 | 3 | 3 | 2,311 | $1,385 | 0.1 mi |
C 327 Walnut Sold | $1,900,000 | 3 | 2 | 1,249 | $1,521 | 0.1 mi |
D 327 62nd Street Active | $2,645,000 List Price | 3 | 2 | 1,477 | $1,791 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1962, the property is well-maintained with significant updates that align with the 'Good' criteria. The kitchen and bathrooms have been renovated with granite countertops and stainless steel appliances (appearing to be 10-15 years old). Critical systems are modern, including a new furnace (2019), water heater (2022), and an updated electrical panel. The 40-year roof is approximately 20 years old, and the interior features move-in ready finishes like hardwood floors and plantation shutters.
Elementary School: Newport Elementary School (9/10).
Situated in the highly desirable Newport Shores community, the property offers unparalleled access to a waterfront clubhouse, lap pool, tennis courts, and the beach, fostering an active and social coastal lifestyle.
The home shows true pride of ownership with significant recent improvements, including a new furnace (2019), hot water heater (2022), termite fumigation (2025), and updated kitchen and bathrooms, ensuring a turnkey move-in experience.
Despite the premium price point and proximity to the canal and ocean, the property is noted as having no significant views, which may be a drawback for buyers seeking water or sunset vistas.
With a lot size of just 2,480 square feet, the property offers very little private yard space beyond the patios, potentially limiting buyers who desire more green space or room for expansion.
This meticulously maintained 4-bedroom, 2-bath Newport Shores home offers a spacious two-story floor plan plus two outdoor living spaces, a rare combination in this close-knit beach community. Hardwood floors throughout the main floor living areas, plantation shutters, exposed wood beams, tongue-and-groove ceilings, and a wood-burning brick fireplace add warmth and character. The flexible floor plan features an open kitchen with white cabinetry, granite countertops, stainless steel appliances, and a bright dining area that connects seamlessly to the living spaces. The main level includes a bedroom and adjacent bath with walk-in shower, while upstairs offers three additional bedrooms, including two connected by a Jack-and-Jill bath with dual sinks and granite countertops. A distinctive A-frame room adds flexibility and architectural character, making it ideal for a bonus room, playroom, home office, or creative space. Two outdoor living areas further enhance the home’s appeal. The front patio offers privacy behind a brick wall and vinyl fencing, while the rear patio provides a shaded retreat beneath a pergola just off the kitchen, offering multiple spaces for relaxing, entertaining, and enjoying Southern California’s outdoor lifestyle. The home has been well cared for over the years, with numerous updates and improvements throughout. Highlights include an updated kitchen and bathrooms, epoxy garage flooring, recent exterior paint, updated electrical panel, new furnace (2019), new hot water heater (2022), whole-home water softener, reverse osmosis drinking water system, termite fumigation (2025), and a 40-year roof installed approximately 20 years ago. Nestled along a tranquil canal, Newport Shores offers a unique coastal lifestyle with exceptional amenities. Residents enjoy access to a waterfront clubhouse, lap pool, tennis and basketball courts, beach volleyball, and picnic and BBQ areas. Just across the street, the beach awaits for surfing, swimming, and sunset walks. Local favorites including Vacancy Coffee and the Frog House Surf Shop are a short walk away, while other local destinations including the harbor, Lido Marina Village, Cannery Village, and Hoag Hospital are all just minutes away. The home is located within the award-winning Newport-Mesa Unified School District.
No exterior & parking available.
Grades K-6 • 2.2 mi
Grades PK-6 • 2.3 mi
Grades 7-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,719 | 2,868 |
| Lot Size | 2,480 | 6,914 |
| Price | $2.50M | $4.44M |
| Price per sq ft | $1.5K | $1.6K |
| Built year | 1962 | 1970 |
| HOA | $70.0 | $430 |
| Days on market | 43 | 59 |
Jul 10, 2026
$2,495,000
$2,595,000
-4% Price Drop
Initial Listing
Jun 20, 2026
$2,595,000
$2,650,000
-2% Price Drop
Initial Listing
Jun 9, 2026
$2,650,000
Initial Listing
Mar 6, 2001
$438,000
Public Record