300 S South Bayfront, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 5 bath
ACTIVE$8,850,000
300 S South Bayfront, Newport Beach, California 92662
3Beds
5Baths
2,429Sqft
2,640Lot
Price Vs. Estimate
The estimated value ($8,387,276.01) is $462,723.99 (5%) lower than the list price ($8,850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Waterfront Location: Situated directly on the South Bayfront of Balboa Island, this corner property offers unparalleled access to the bay and a highly coveted, exclusive coastal lifestyle.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2640, living area = 2429.
Compared to the nearby listings
Price:$8.85M vs avg $4.31M (+$4,537,500)95%
Size:2,429 sqft vs avg 2,196.5 sqft75%
Price/sqft:$3.6K vs avg $2.3K85%
More Insights
Built in 1991 (34 years old).
Condition: Built in 1991, this property is well-maintained but shows significant signs of its original construction era. The kitchen features dated wood cabinets, tile countertops, and a tile backsplash, with a mix of older and newer appliances. The main bathroom is notably outdated with peach-colored tiles and brass fixtures. While some elements like a modern toilet in a powder room and an EV charger are present, the overall interior, especially the kitchen and bathrooms, requires substantial updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Year Built
1991
Close
-
List price
$8.85M
Original List price
$8.85M
Price/Sqft
$3,643
HOA
-
Days on market
-
Sold On
-
MLS number
NP25226706
Home ConditionFair
Features
Excellent View: Bay, Coastline, Harbor, Marina, Neighborhood, Panoramic, Water
Patio
ViewBay, Coastline, Harbor, Marina, Neighborhood, Panoramic, Water
About this home
ON THE SOUTH BAYFRONT OF BALBOA ISLAND! Imagine, the fabulous Newport Beach Harbor! Walk out your front door and experience the sun, the fresh air, the calmness and the beauty of the bay! Balboa Island Single family home on a CORNER! Wonderful location near the west end of South Bayfront. Never ending views of the harbor! Built in 1991, 300 South Bayfront has 2 family rooms, one up and one down, 3 bedrooms, 5 baths and 2 car garage. The sq ft of the existing structure is approximately 2,429 sq ft. The lot size is 2,640 sq ft. The location is so great with forever views of the harbor! Enjoy boat regattas and parades from your living rooms! The undergrounding of the utilities is complete! No utility poles or wires in your view! Newly installed electric car charging station in the garage. Architecture is Southwestern. Come and see for yourself! This could be your forever after Home!!!
Condition Rating
Fair
Built in 1991, this property is well-maintained but shows significant signs of its original construction era. The kitchen features dated wood cabinets, tile countertops, and a tile backsplash, with a mix of older and newer appliances. The main bathroom is notably outdated with peach-colored tiles and brass fixtures. While some elements like a modern toilet in a powder room and an EV charger are present, the overall interior, especially the kitchen and bathrooms, requires substantial updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Waterfront Location: Situated directly on the South Bayfront of Balboa Island, this corner property offers unparalleled access to the bay and a highly coveted, exclusive coastal lifestyle.
Exceptional Panoramic Views: Boasts never-ending, forever views of the Newport Beach Harbor, including boat regattas and parades, from multiple living areas, significantly enhancing its appeal and value.
Modernized Infrastructure: The completion of underground utilities eliminates unsightly poles and wires, preserving the pristine harbor views and contributing to the property's aesthetic and long-term value.
Functional Layout & Amenities: Features a practical layout with two distinct family rooms (one upstairs, one downstairs), 5 bathrooms, a 2-car garage, and a newly installed electric car charging station, catering to modern living needs.
Exclusive Lifestyle Opportunity: Offers the unique Balboa Island experience, allowing residents to step out directly to enjoy the sun, fresh air, and tranquility of the bay, a significant draw for discerning buyers.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2640, living area = 2429.
Compact Lot Size: With a lot size of 2,640 sq ft, the property offers limited outdoor space, which may be a consideration for buyers seeking larger private yards or extensive landscaping.
Specific Architectural Style: The Southwestern architectural style, while distinctive, may not appeal to all luxury buyers, potentially narrowing the market compared to more universally preferred contemporary or traditional designs.
Potential for Interior Modernization: Built in 1991, the property's interior may require updates to align with current luxury market trends and buyer expectations, as the description does not highlight recent comprehensive interior renovations.