240 Nice Lane 117, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath
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240 Nice Lane 117
Newport Beach, California 92663
ACTIVE UNDER CONTRACT
CONDITION: GOOD
1Beds
1Baths
915Sq Ft
0Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$788,806
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $799,000—positioned well above the $780,516 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring a renovated kitchen with granite countertops and stainless steel appliances. Residents enjoy a resort-style lifestyle with access to pools, tennis courts, and a gym, all within walking distance of the beach and top-rated schools. This property is an ideal fit for Owner-Occupants seeking coastal living or first-time buyers prioritizing a turnkey, amenity-rich community.
Estimated Market Value
$788,806
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Nice Lane 117 Subject | $799,000* List Price | 1 | 1 | 915 | $862 | - |
A 220 Nice Lane 215 Sold | $910,000 | 1 | 1 | 915 | $995 | 0.0 mi |
B 280 Cagney Lane 211 Sold | $1,020,000 | 1 | 1 | 915 | $1,115 | 0.2 mi |
C 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.2 mi |
D 230 Lille Lane 204 Sold | $715,000 | 1 | 1 | 975 | $733 | 0.1 mi |
E 300 Cagney 208 Sold | $625,000 | 1 | 1 | 726 | $861 | 0.1 mi |
F 102 Scholz Plaza 149 Sold | $800,000 | 2 | 2 | 961 | $832 | 0.1 mi |
G 240 Nice Lane 114 Sold | $845,000 | 1 | 1 | 915 | $923 | - |
H 300 Cagney 206 Active | $699,000 List Price | 1 | 1 | 726 | $963 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1979, the interior shows a clear renovation likely performed within the last 10-15 years. The kitchen features granite countertops and stainless steel appliances, and the unit includes updated flooring, recessed lighting, and crown molding, making it functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Villa Balboa community offers an extensive amenity package including multiple pools, tennis and pickleball courts, a gym, and private walkways to scenic harbor lookouts, providing a high-end lifestyle.
- Prime Coastal Location
Situated just three blocks from the beach and adjacent to Sunset View Park, the property offers exceptional walkability to coastal recreation, Hoag Hospital, and premier Newport Beach dining.
- Spacious & Functional Layout
At 915 square feet, this unit is generously sized for a one-bedroom and features highly desirable internal upgrades such as in-unit laundry, a custom walk-in closet, and a large patio with side ocean views.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $698 per month is a significant recurring expense that may impact the overall affordability and appeal for budget-conscious buyers.
- Vintage Construction
Built in 1979, the unit and building may require modern aesthetic updates or infrastructure maintenance to compete with newer luxury condominium developments in the area.
About 240 Nice Lane 117
Well-maintained 1-bedroom ground unit condo just under 1,000 SF in a secure, gated building of Villa Balboa with elevator access to all floors. This prime location also offers a good size patio with side eye - ocean views and nice natural light. Very open floor plan with in unit laundry. Large living room space with slider to the patio. Bedroom suite has a custom walk in closet with slider to patio as well! Enjoy resort-style amenities at Villa Balboa Condominiums, including multiple pools, (one adult-only), whirlpool, tennis and pickleball courts, good sized gym, board room, meeting room, holding kitchen, small resident run library, with a bit of a view of Newport Harbor, and a private walkway to scenic lookout points. Subterranean parking with access through a secure gate offers one assigned spot and locked storage cabinet. There is also a designated, locked, common storage cage in the Subterranean Garage available for residents use only. Just three blocks to the beach and parks. Sunset View Park is a beautiful landscaped place to view the ocean and Newport Harbor. From the end of Sunset View Park half a block down Superior Avenue is the Pedestrian Bridge across Superior Avenue to Sunset Ridge Park which is athletic fields with a track. Villa Balboa adjoins Hoag Hospital and is near lifeguard tower 48, top restaurants, and endless entertainment—all in a peaceful, quiet community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $698.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.4 mi
8/10
Horace Ensign Intermediate School
Grades 7-8 • 1.1 mi
7/10
Newport Harbor High School
Grades 9-12 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.5 |
| Square foot | 915 | 1,509.941 |
| Lot Size | - | 43,037.647 |
| Price | $799.0K | $1.35M |
| Price per sq ft | $873 | $956 |
| Built year | 1979 | 1980 |
| HOA | $698.0 | $664 |
| Days on market | 34 | 64 |
Pricing History
Listed for Sale
Aug 6, 2026
$799,000
Initial Listing
Sold
Apr 3, 2019
$540,000
Public Record
Sold
Jul 23, 2014
$465,000
Public Record
Sold
Dec 5, 2008
$350,000
Public Record
Sold
Oct 20, 2000
$189,000
Public Record