306 Alvarado, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 2 bath

306 Alvarado, Newport Beach, California 92661 home-pic-0

306 Alvarado

Newport Beach, California 92661

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,033Sq Ft
1,742Lot Size

Property Price

LIST PRICE$2,895,000
EST. MARKET VALUE
$2,915,022

SUMMARY

Analysis of 306 Alvarado, Newport Beach, California 92661 reveals a Fairly Priced Property with a current list price of $2,895,000  aligned with the estimated $2,915,022 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,915,022
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
306 Alvarado
Subject
$2,895,000*
List Price
321,033$2,822-
A
122 E Bay Avenue
Active
$2,495,000
List Price
21928$2,6890.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1912, the property underwent a comprehensive, high-end renovation in 2019, including all-new plumbing, electrical, windows, and HVAC systems. The interior features a designer chef's kitchen with premium Wolf and Sub-Zero appliances and polished limestone waterfall-edge countertops. With vaulted ceilings, modern whitewashed flooring, and stylishly updated bathrooms, the home meets current luxury standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Newport Elementary School (9/10).

  • Comprehensive 2019 Remodel

    The property underwent a complete high-end renovation in 2019, including updated plumbing, electrical, windows, and HVAC, ensuring modern reliability within a charming 1912 structure.

  • Prime Peninsula Location

    Situated in a highly sought-after Newport Beach setting, the home is steps from the bay and just blocks from the beach, Balboa Fun Zone, and the iconic Balboa Pier.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1033, other record living area = 902.

  • Limited Square Footage

    At 1,033 square feet for a three-bedroom home, the interior living spaces may feel compact for buyers seeking more expansive room proportions.

  • Small Lot Size

    The 1,742 square foot lot is relatively small, which limits outdoor yard space and results in high density and close proximity to neighboring properties.

About 306 Alvarado

Located in a prime setting on the prestigious Balboa Peninsula, this beautifully custom beach home was completely remodeled in 2019 with new plumbing, electrical, windows, and HVAC. Light, bright, and full of charm, the home offers an inviting coastal aesthetic with a relaxed beachside vibe. Just down the street from the bay and only a few blocks from the sand, surf, the Balboa Fun Zone, and the iconic Balboa Pier, the location provides the ultimate coastal lifestyle—perfect as a weekend retreat or full-time residence. The extended front porch captures views of the bay and refreshing ocean breezes, creating the perfect setting to relax or entertain. Glass front doors open to a welcoming living room with vaulted ceilings, a cozy fireplace, and beautiful whitewashed flooring throughout. The chef’s kitchen features polished limestone waterfall-edge countertops, generous storage, and high-end appliances including a Wolf range and Sub-Zero refrigerator. Just off the kitchen is a convenient laundry and butler’s pantry area. The primary suite offers a walk-in closet and a beautifully designed bathroom, while the secondary bedrooms are generously sized. The main bath is thoughtfully finished with stylish tile and quality fixtures. A well-designed floor plan maximizes space while maintaining an airy, open feel throughout. The private backyard is ideal for entertaining, featuring a newer spa, built-in barbecue, outdoor refrigerator, and a fully enclosed outdoor shower. Additional highlights include a remote-controlled awning and retractable gate. Don’t miss this exceptional opportunity to own a piece of the California coastal dream in one of the most sought-after communities in Newport Beach.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1912
Lot Size
1,742 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Elementary School

Grades PK-6 • 0.9 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.2 mi

7/10

Newport Harbor High School

Grades 9-12 • 1.4 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.04.0
32%
Square foot1,0332,053
10%
Lot Size1,7422,614
3%
Price$2.90M$4.50M
10%
Price per sq ft$2.8K$2.5K
61%
Built year19121980
10%
HOA$0$0
50%
Days on market1177
3%

Pricing History

Listed for Sale

Mar 6, 2026

$2,895,000

Initial Listing

Sold

Oct 7, 2024

$2,660,000

Public Record

Sold

Sep 5, 2019

$1,700,000

Public Record

Sold

Jul 15, 2015

$1,100,000

Public Record

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