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

306 Alvarado
Newport Beach, California 92661
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 306 Alvarado Subject | $2,895,000* List Price | 3 | 2 | 1,033 | $2,822 | - |
A 122 E Bay Avenue Active | $2,495,000 List Price | 2 | 1 | 928 | $2,689 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Horace Ensign Intermediate School
Grades 7-8 • 1.2 mi
Newport Harbor High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 4.0 | 32% |
| Square foot | 1,033 | 2,053 | 10% |
| Lot Size | 1,742 | 2,614 | 3% |
| Price | $2.90M | $4.50M | 10% |
| Price per sq ft | $2.8K | $2.5K | 61% |
| Built year | 1912 | 1980 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 1 | 177 | 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




















































