300 Holmwood Drive, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$4,695,000
300 Holmwood Drive, Newport Beach, California 92663
3Beds
2Baths
1,586Sqft
7,215Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in the highly desirable Newport Heights subdivision of Newport Beach, offering an exclusive and sought-after address.
Top Cons:
Active Under Contract Status: Currently 'Active Under Contract,' which limits the immediate availability for new offers and narrows the potential buyer pool.
Compared to the nearby listings
Price:$4.70M vs avg $4.45M (+$245,000)53%
Size:1,586 sqft vs avg 2,431 sqft22%
Price/sqft:$3.0K vs avg $1.8K90%
More Insights
Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property's exterior has clearly undergone an extensive and very recent renovation, featuring a modern black and white aesthetic, a vibrant orange door, updated decking, and pristine artificial turf. While interior images are not provided, the high list price ($4.695M for 1586 sqft) in Newport Beach, coupled with the description of a 'one of a kind estate,' strongly indicates that the kitchen and bathrooms have also been fully renovated to a high, contemporary standard within the last 5 years, aligning with current quality expectations for this price point and location.
Year Built
1950
Close
-
List price
$4.7M
Original List price
$4.7M
Price/Sqft
$2,960
HOA
-
Days on market
-
Sold On
-
MLS number
OC25029119
Home ConditionExcellent
Features
Excellent View: Ocean
Deck
ViewOcean
About this home
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!
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.7mi
7/10
Newport Harbor High School
Public,•9-12•0.8mi
Condition Rating
Excellent
Despite being built in 1950, the property's exterior has clearly undergone an extensive and very recent renovation, featuring a modern black and white aesthetic, a vibrant orange door, updated decking, and pristine artificial turf. While interior images are not provided, the high list price ($4.695M for 1586 sqft) in Newport Beach, coupled with the description of a 'one of a kind estate,' strongly indicates that the kitchen and bathrooms have also been fully renovated to a high, contemporary standard within the last 5 years, aligning with current quality expectations for this price point and location.
Pros & Cons
Pros
Prime Coastal Location: Situated in the highly desirable Newport Heights subdivision of Newport Beach, offering an exclusive and sought-after address.
Panoramic Ocean & Harbor Views: Boasts stunning, unobstructed views of the Pacific Ocean and Newport Harbor, a premium amenity that significantly enhances property value.
Enhanced Privacy & Corner Lot: Positioned on a private corner lot, providing a unique sense of seclusion and tranquility within a bustling coastal community.
Redevelopment Potential: The generous 7,215 sqft lot in a prime location, coupled with the 1950 build, presents an excellent opportunity for significant expansion or new construction.
Unique Estate Appeal: Described as a 'one of a kind estate,' appealing to buyers seeking an exclusive and distinctive property with inherent character.
Cons
Active Under Contract Status: Currently 'Active Under Contract,' which limits the immediate availability for new offers and narrows the potential buyer pool.
Property Age & Condition: Built in 1950, the property may require substantial updates to systems and finishes to meet modern luxury standards, or a complete rebuild.
Price-to-Size Ratio: The list price of $4.695 million for 1,586 square feet is a high price-per-square-foot, potentially limiting appeal to buyers seeking more expansive living space for the investment.