292 Palmer Street A1, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 3 bath
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292 Palmer Street A1
Costa Mesa, California 92627
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,562Sq Ft
0Lot Size
Property Price
LIST PRICE$1,499,000
EST. MARKET VALUE
$1,266,154
18% AboveMARKET VALUE
SUMMARY
This Turnkey Townhome represents a High-Potential Investment Opportunity, listed at $1,549,000—positioned well above the $1,309,666 Fair Market Value by -18%. While priced at a premium, the property features a Condition Rating of 3, highlighted by a Remodeled Granite Kitchen and Vaulted Ceilings. Located in the Newport Mesa Unified district, it offers a coastal lifestyle with a 2-Car Attached Garage and Private Patio. This residence is an ideal acquisition for Owner-Occupants seeking a move-in ready coastal sanctuary or lifestyle-focused buyers.
Estimated Market Value
$1,266,154
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 292 Palmer Street A1 Subject 3 bd · 3 ba · 1,562 sqft · $811 | $1,499,000* List Price | 3 | 3 | 1,562 | $811 | - |
A 1631 Irvine F Sold 3 bd · 3 ba · 1,553 sqft · $1,062 · 0.6 mi | $1,650,000 | 3 | 3 | 1,553 | $1,062 | 0.6 mi |
B 1741 Tustin Avenue 5c Sold 3 bd · 2 ba · 1,334 sqft · $791 · 0.6 mi | $1,055,000 | 3 | 2 | 1,334 | $791 | 0.6 mi |
C 695 Center Street B Sold 3 bd · 3 ba · 1,539 sqft · $699 · 1.0 mi | $1,075,000 | 3 | 3 | 1,539 | $699 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1980 with a kitchen remodel featuring granite countertops. The home is well-maintained and move-in ready with updated flooring and paint. While some elements like the fluorescent kitchen light box and bathroom vanities appear to be from a 5-15 year old renovation, the overall condition is functional and clean.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Ideally situated near the Newport Beach border, this property offers exceptional walkability to 17th Street’s premier dining and shopping, and is less than a mile from Newport Harbor.
- Modern Interior Upgrades
The home features a high-end remodeled kitchen with granite countertops and dramatic vaulted ceilings that enhance the sense of space and luxury throughout the living areas.
- Superior Functional Amenities
Rare for the area, this townhome includes a 2-car attached garage and multiple private outdoor spaces, including a shaded patio and a primary suite balcony, blending convenience with lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1562, other record living area = 1377. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Lack of Scenic Views
Despite its proximity to the coast and premium price point, the property lacks any significant views of the ocean or harbor, which may limit its appeal to certain luxury buyers.
- Building Age
Built in 1980, the structure and common elements are over 40 years old, which may necessitate higher long-term maintenance considerations compared to newer coastal developments.
About 292 Palmer Street A1
Welcome home to Eastside Heights, where coastal lifestyle meets modern convenience. Perfectly situated just a stone’s throw from the Newport Beach border, this stunning 3-bedroom, 2.5-bathroom townhome-style condominium offers the ultimate Southern California living experience. Designed for both the outdoor enthusiast and the dedicated foodie, you are less than a half-mile from the vibrant shopping and dining scene on 17th Street, and less than a mile from the water at Newport Harbor. Inside, the home blends comfort and drama with an open-concept remodeled kitchen featuring sleek granite countertops that flows effortlessly into the dining area. The living room commands attention with striking vaulted ceilings and a cozy gas fireplace, while a private patio shaded by mature trees invites seamless indoor-outdoor relaxation and al fresco dining. Upstairs, three generous bedrooms await, including a luxurious Primary suite boasting its own vaulted ceilings and a private balcony. Complete with a rare and highly convenient 2-car attached garage, this residence seamlessly pairs style with functionality. Come live life in style in Eastside Heights.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Mariners Elementary School
Grades PK-6 • 0.9 mi
8/10
Woodland Elementary School
Grades PK-2 • 1.3 mi
0/10
Newport Heights Elementary School
Grades K-6 • 1.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.2 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,562 | 1,489.958 |
| Lot Size | - | 33,613.5 |
| Price | $1.50M | $949.8K |
| Price per sq ft | $960 | $689 |
| Built year | 1980 | 1983 |
| HOA | $200.0 | $313 |
| Days on market | 24 | 78 |
Pricing History
Listed for Sale
Oct 24, 2026
$1,499,000
$1,549,000
-3% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$1,549,000
Initial Listing