260 Cagney Lane 209, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath
ACTIVE$1,299,000
260 Cagney Lane 209, Newport Beach, California 92663
2Beds
2Baths
1,613Sqft
38,736Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Panoramic Ocean Views: The property boasts stunning, expansive views of Catalina Island, the Pacific Ocean, and general water views, significantly enhancing its desirability and value.
Top Cons:
Substantial Monthly HOA Dues: The association fee of $1,096.00 per month is considerably high, adding a significant recurring cost to homeownership.
Compared to the nearby listings
Price:$1.30M vs avg $1.42M ($-125,500)50%
Size:1,613 sqft vs avg 1,357 sqft57%
Price/sqft:$805 vs avg $89314%
More Insights
Built in 1979 (46 years old).
Condition: The property was built in 1979, making it 45 years old. Without any interior images or descriptions of recent renovations, it is highly probable that the kitchen, bathrooms, and other interior features are outdated and would require minor to moderate updates to meet current aesthetic and functional standards. The MLS listing itself notes 'Building Age' as a weakness, reinforcing the likelihood of needing updates. While functional, it likely shows signs of its age.
Year Built
1979
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$805
HOA
$1,096
Days on market
-
Sold On
-
MLS number
NP25174215
Home ConditionFair
Features
Excellent View: Catalina, Ocean, Water
Pool
ViewCatalina, Ocean, Water
About this home
Beautiful Ocean Views! COMING SOON
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.0mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi
Condition Rating
Fair
The property was built in 1979, making it 45 years old. Without any interior images or descriptions of recent renovations, it is highly probable that the kitchen, bathrooms, and other interior features are outdated and would require minor to moderate updates to meet current aesthetic and functional standards. The MLS listing itself notes 'Building Age' as a weakness, reinforcing the likelihood of needing updates. While functional, it likely shows signs of its age.
Pros & Cons
Pros
Panoramic Ocean Views: The property boasts stunning, expansive views of Catalina Island, the Pacific Ocean, and general water views, significantly enhancing its desirability and value.
Prestigious Newport Beach Location: Situated in the highly sought-after Newport Beach area, specifically within the desirable Newport Heights and Villa Balboa subdivision, offering a premium coastal lifestyle.
Excellent School Access: Located within the reputable Newport Mesa Unified School District, with highly-rated elementary, middle, and high schools all within a short distance, appealing to families.
Generous Living Space: With 1613 square feet, this 2-bedroom, 2-bathroom condominium offers a spacious and comfortable layout, which is ample for condo living.
Established Community (Villa Balboa): Being part of the Villa Balboa subdivision suggests a well-established community, likely offering shared amenities and a desirable living environment, typical of high-end condo complexes in the area.
Cons
Substantial Monthly HOA Dues: The association fee of $1,096.00 per month is considerably high, adding a significant recurring cost to homeownership.
Building Age: Constructed in 1979, the building is over 40 years old. While potentially well-maintained, this age can imply a need for future capital improvements to common areas or unit-specific updates to meet contemporary standards, if not already done.
Extended 'Coming Soon' Period: The property is listed as 'Coming Soon' with an on-market date far in the future (August 21, 2025), which may deter buyers seeking immediate occupancy or those who prefer to view properties currently available.