307 Fernando, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 3 bath
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Newport Beach, California 92661
This Fully Remodeled Coastal Retreat is a Strong Value Opportunity, listed at $3,099,900—positioned well below the $3,280,744 Fair Market Value by 5%. This valuation gap offers $180,844 in Instant Equity. Boasting an Excellent Condition Rating, the home features designer tile, high-end finishes, and a sunny deck with ocean and harbor views. Located steps from the sand near Newport Elementary (9/10), Horace Ensign, and Newport Harbor High, it combines lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Luxury Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 Fernando Subject | $3,099,900* List Price | 3 | 3 | 1,464 | $2,117 | - |
A 122 E Bay Avenue Active | $2,350,000 List Price | 2 | 1 | 928 | $2,532 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been fully remodeled with high-end finishes, new appliances, and designer tile, giving it a like-new feel. The kitchen and bathrooms appear modern and well-appointed based on the description and images. Despite the original build year of 1915, the extensive renovation within the last 5 years (implied by 'fully remodeled' and 'like-new feel') aligns with the 'excellent' criteria. The flooring appears to be new hardwood, and the lighting fixtures are modern. The description mentions 'brand-newer appliances' and 'designer tile', which are strong indicators of a high-quality renovation. While AC is not explicitly mentioned, the overall presentation suggests a property in top condition.
Elementary School: Newport Elementary School (9/10).
Situated just steps from the sand on the highly desirable Balboa Peninsula, offering unparalleled beach access and coastal living.
The property has undergone a comprehensive renovation with high-end finishes, new appliances, and designer tile, presenting a like-new condition.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1464, other record living area = 976.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1464.
Built in 1915, while charming, older construction may present potential maintenance considerations compared to newer builds.
Charming Balboa Peninsula beach house just steps from the sand. Ideally located in the heart of Newport Beach, this fully remodeled coastal retreat offers everything you could want in a vacation home. No expense was spared in the renovation, featuring brand-newer appliances, designer tile, and high-end finishes throughout, giving the home a fresh, like-new feel. Property highlights include a spacious primary suite with a massive bedroom and walk-in closet, three generously sized bedrooms, and three full bathrooms. Additional features include a large laundry room, a versatile bonus room currently set up as an office, and a sunny deck perfect for relaxing or entertaining. The home also boasts a charming fireplace and abundant windows that flood the space with natural light. This property presents an exceptional opportunity for both personal enjoyment and investment potential.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 4.0 | 42% |
| Square foot | 1,464 | 2,436.5 | 29% |
| Lot Size | 1,742 | 2,614 | 4% |
| Price | $3.10M | $4.58M | 17% |
| Price per sq ft | $2.1K | $2.5K | 42% |
| Built year | 1915 | 1954 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 212 | 8% |
Jan 26, 2026
$3,099,900
Initial Listing
Nov 12, 2021
$1,825,000
Public Record