300 Holmwood Drive, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath
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Newport Beach, California 92663
This Newport Heights Vintage Estate represents a High-Potential Investment Opportunity with a List Price of $2,590,000—positioned well below the $2,945,262 Fair Market Value by 12%. This valuation gap provides $355,262 in Instant Equity for buyers prepared to modernize the 1950s Vintage Condition structure. Situated on a 7,215 sqft Corner Lot, the property features Ocean and Harbor Views and access to Top-Rated Schools within the Newport Mesa Unified district. This is a premier acquisition for Value-Add Investors or Owner-Occupants seeking to create a bespoke coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 Holmwood Drive Subject | $3,700,000* List Price | 3 | 2 | 1,586 | $2,335 | - |
A 415 San Bernardino Sold | $3,900,000 | 2 | 2 | 1,599 | $2,439 | 0.2 mi |
B 543 Redlands Ave Sold | $2,650,000 | 2 | 2 | 1,371 | $1,933 | 0.5 mi |
C 231 Santa Ana Sold | $3,395,000 | 2 | 2 | 1,685 | $2,015 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property is in well-maintained vintage condition but lacks modern updates. The kitchen features dated tile countertops and older white appliances, while the bathrooms retain mid-century styling. While the home appears clean and functional with original hardwood flooring, it has not undergone a major renovation in the last 15-30 years, making it outdated compared to current luxury standards in Newport Beach.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7215, living area = 1586.
The property offers exceptional views of the Pacific Ocean and Newport Harbor, providing a high-value aesthetic that is rare and highly coveted in the Newport Beach market.
Situated on a 7,215 square foot corner lot in Newport Heights, the estate provides superior privacy and significant potential for expansion or custom redevelopment.
Built in 1950, the 1,586 square foot structure likely requires substantial modernization or a full renovation to align with contemporary luxury standards.
At a listing price of $2.59M for relatively modest square footage, the property represents a high entry cost that primarily reflects land value and location rather than interior living space.
Unique the privacy of a corner lot. Ocean view: you can see the Pacific Ocean and Newport Harbor from the comfort of your home. There is nothing like this one of a kind estate - you will need to see to believe!
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 7-8 • 0.7 mi
Grades 9-12 • 0.8 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 | 1,586 | 2,573 | 20% |
| Lot Size | 7,215 | 5,000 | 86% |
| Price | $3.70M | $4.45M | 43% |
| Price per sq ft | $2.3K | $1.8K | 71% |
| Built year | 1950 | 1963 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 169 | 18% |
Mar 13, 2026
$3,700,000
$2,590,000
+43% Price Increase
Initial Listing
Feb 13, 2026
$2,590,000
Initial Listing
May 10, 2024
$2,200,000
Public Record