280 Cagney Lane 115, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath
ACTIVE$850,000$969/sqft
280 Cagney Lane 115, Newport Beach, California 92663
1Bed
1Bath
969Sqft
969Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Coastal Location: Situated in highly desirable Newport Beach, just two blocks from the beach, fine dining, and minutes from Fashion Island and Lido Island, offering unparalleled lifestyle convenience.
Top Cons:
Extended Tenant Lease: The property is currently leased until November 30, 2026, which restricts immediate owner occupancy and limits buyer flexibility for personal use or short-term rental strategies.
Compared to the nearby listings
Price:$850.0K vs avg $1.61M ($-762,500)21%
Size:969 sqft vs avg 1,315 sqft18%
Price/sqft:$877 vs avg $90242%
More Insights
Built in 1980 (46 years old).
Condition: The property, built in 1980, is well-maintained and features wood flooring in the main living areas. However, the kitchen and bathroom, while updated from their original state, show signs of being stylistically dated with white appliances, speckled granite countertops, and a specific tile backsplash. The mirrored wall in the living room also contributes to an older aesthetic. While move-in ready, it would benefit from minor cosmetic updates to align with current trends, placing it in the 'fair' category for condition.
Year Built
1980
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$877
HOA
$660
Days on market
-
Sold On
-
MLS number
NP26012547
Home ConditionFair
Features
Good View: Neighborhood, Ocean
Deck
ViewNeighborhood, Ocean
About this home
OCEAN VIEW, BEAUTIFUL ONE BEDROOM WITH LARGE PATIO. LOCATED IN VILLA BALBOA A GATED COMMUNITY. UNIT IS ALL UPGRADED WITH WOOD FLOORING. ALL ROOMS ARE VERY SPACIOUS. LIGHT AND BRIGHT. TWO BLOCKS TO BEACH FOR WALKING BIKING AND ALL FINE DINING. FIVE MINUTES TO FASHION ISLAND, LIDO ISLAND, HUNTUNGTON BEACH AND FREEWAY. AMENITIES INCLUDE: 2 POOLS, 2 JACUZZI'S, 3 PICKLEBALL COURTS. ONE TENNIS COURT. STATE OF THE ART GYM AND CLUBHOUSE. BAR-B-Q'S BY BOTH POOLS. GREAT LOCATION AND COMMUNITY. UNIT IS CURRENTLY LEASED UNTIL 11/30/2026. EASY TO SHOW. LOCATION LOCATION!
A
Annette Warner
Listing Agent
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
06/20/18
Sold
$585,000
Condition Rating
Fair
The property, built in 1980, is well-maintained and features wood flooring in the main living areas. However, the kitchen and bathroom, while updated from their original state, show signs of being stylistically dated with white appliances, speckled granite countertops, and a specific tile backsplash. The mirrored wall in the living room also contributes to an older aesthetic. While move-in ready, it would benefit from minor cosmetic updates to align with current trends, placing it in the 'fair' category for condition.
Pros & Cons
Pros
Exceptional Coastal Location: Situated in highly desirable Newport Beach, just two blocks from the beach, fine dining, and minutes from Fashion Island and Lido Island, offering unparalleled lifestyle convenience.
Panoramic Ocean Views & Private Patio: Features desirable ocean views and a spacious private patio, enhancing the property's appeal and providing valuable outdoor living space.
Resort-Style Community Amenities: Located within a gated community, residents benefit from an impressive array of amenities including two pools, two jacuzzis, multiple sports courts (pickleball, tennis), a state-of-the-art gym, and a clubhouse.
Upgraded & Spacious Interior: The unit boasts recent upgrades, including wood flooring, and offers a bright, spacious layout for comfortable living.
Proximity to Top-Rated Schools: Benefits from access to well-regarded public schools with strong ratings (7-8), a significant draw for families.
Cons
Extended Tenant Lease: The property is currently leased until November 30, 2026, which restricts immediate owner occupancy and limits buyer flexibility for personal use or short-term rental strategies.
Substantial Monthly Association Fees: A monthly association fee of $660 is relatively high and adds a significant recurring cost to ownership, impacting overall affordability.
Single Bedroom/Bathroom Configuration: As a 1-bedroom, 1-bathroom unit, it caters to a more niche market, potentially limiting the pool of interested buyers compared to properties with more bedrooms.