
Newport Beach, California 92663
This Sophisticated Coastal Retreat is a Prime Investment Opportunity, listed at $2,499,000—positioned well below the $2,553,629 Fair Market Value by 2%. This valuation gap offers $54,629 in Instant Equity for a property with a Modern Luxury Condition Rating. Featuring a high-end renovation, white oak flooring, and designer kitchen, the home is steps from the surf and Newport Elementary (9/10). It is an ideal match for luxury-seeking professionals or growing families seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 258 Walnut Subject | $2,499,000* List Price | 3 | 2 | 1,348 | $1,894 | - |
A 6507 Seashore Dr. Sold | $3,075,000 | 4 | 2 | 1,543 | $1,993 | 0.2 mi |
B 327 62nd Street Active | $2,745,000 List Price | 3 | 2 | 1,477 | $1,858 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end modern renovation within the last few years. It features premium finishes including wide-plank white oak flooring, a designer kitchen with quartz countertops and stainless steel appliances, vaulted ceilings with clerestory windows, and updated systems like air conditioning. All visible components, including the custom cabinetry and fixtures, appear brand new and meet the highest current quality standards.
Elementary School: Newport Elementary School (9/10).
Situated just two blocks from the beach in the desirable Newport Shores community, this home offers unparalleled access to world-class surf and a quintessential Southern California lifestyle.
The property features a sophisticated mid-century modern redesign with premium finishes, including wide-plank white oak flooring, quartz countertops, and a luxurious primary suite with a walk-in closet.
At approximately 1,348 square feet, the interior living space is relatively small for a three-bedroom home in this price bracket, which may feel restrictive for larger families.
The 2,720 square foot lot offers minimal private outdoor yard space, requiring residents to rely primarily on community facilities for outdoor activities.
Welcome to 258 Walnut Street—an effortlessly stylish coastal retreat in the coveted Newport Shores community, just two blocks from the beach and some of Newport’s most sought-after surf. This beautifully reimagined 3-bedroom, 2-bathroom home offers approximately 1,348 square feet of curated living space, blending a refined mid-century modern aesthetic with relaxed coastal elegance. Clean lines, warm textures, and an abundance of natural light create a serene yet sophisticated atmosphere throughout. The open-concept design is ideal for both everyday living and entertaining, featuring wide-plank white oak flooring, a statement fireplace, and seamless indoor-outdoor flow. At the heart of the home, the open concept kitchen which showcases sleek quartz countertops, custom cabinetry, and stainless steel appliances—perfectly suited for everything from casual mornings to sunset gatherings after a day at the beach. The primary suite is a private sanctuary, complete with dual vanities and a spacious walk-in closet, while two additional bedrooms offer flexibility for guests, a home office, or a growing family. Additional highlights include air conditioning, in-home laundry, and an attached two-car garage. Experience the ultimate Newport Beach lifestyle with exclusive access to the Newport Shores Community Association amenities, including a resort-style pool, clubhouse, tennis and pickleball courts, basketball, volleyball, playground, and outdoor barbecue areas. Ideally located near award-winning public schools, as well as premier dining, shopping, and coastal recreation, this home offers an exceptional blend of convenience and lifestyle. Whether you’re catching early morning waves, biking along the coast, or enjoying sunset strolls along the sand, this home places you at the center of it all—offering a rare opportunity to experience the quintessential Southern California coastal lifestyle with timeless mid-century modern appeal.
No exterior & parking available.
Grades K-6 • 2.2 mi
Grades PK-6 • 2.3 mi
Grades 7-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 4.0 | 27% |
| Square foot | 1,348 | 2,573 | 10% |
| Lot Size | 2,720 | 4,966 | 22% |
| Price | $2.50M | $4.45M | 8% |
| Price per sq ft | $1.9K | $1.8K | 53% |
| Built year | 1962 | 1963 | 49% |
| HOA | $70.0 | $0 | 65% |
| Days on market | 27 | 169 | 6% |
Mar 26, 2026
$2,499,000
Initial Listing
Aug 7, 2020
$1,420,000
Public Record
Oct 23, 2018
$848,000
Public Record