31 Cape Andover, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 4 bath

31 Cape Andover, Newport Beach, California 92660 home-pic-0
ACTIVE$6,995,000
31 Cape Andover, Newport Beach, California 92660
4Beds
4Baths
4,010Sqft
6,914Lot

Price Vs. Estimate

The estimated value ($7,791,079.89) is $796,079.89 (11%) higher than the list price ($6,995,000). This property may be underpriced.

Key pros and cons

Top Pros:
Unrivaled Panoramic Views: Offers 'front row' spectacular views of Newport Bay, Back Bay, City Lights, Harbor, and Ocean, a premium feature for coastal properties.
Top Cons:
Property Age & Potential for Updates: Built in 1997, while some areas are updated, other components of the home may be original and could require future modernization or maintenance.

Compared to the nearby listings

Price:$7.00M vs avg $3.85M (+$3,147,000)84%
Size:4,010 sqft vs avg 2,673.5 sqft75%
Price/sqft:$1.7K vs avg $1.4K78%

More Insights

Built in 1997 (28 years old).
Condition: Built in 1997, this property has clearly undergone extensive, high-quality renovations that bring it well within modern standards. The kitchen boasts premium SubZero appliances and a contemporary design, while the primary bathroom features luxurious marble and updated fixtures. High-end additions like LaCantina folding doors and consistent hardwood flooring throughout indicate significant investment in modernization, making it move-in ready with minimal wear and tear, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1997
Close
-
List price
$7M
Original List price
$7M
Price/Sqft
$1,744
HOA
$400
Days on market
-
Sold On
-
MLS number
NP25251333
Home ConditionGood
Features
Excellent View: Back Bay, City Lights, Harbor, Ocean
Pool
Spa
Patio
ViewBack Bay,City Lights,Harbor,Ocean

About this home

This beautiful CLIFFSIDE home in the Castaways guard-gated neighborhood offers a "front row", spectacular view of Newport bay. The oversized lot and yard is one of the largest on the cliff allowing for a full pool together with a spa and fire pit. LaCantina folding doors create an indoor/outdoor coastal living experience and is as good as it gets. Beautiful kitchen with center- island includes all stainless steel appliances, including SubZero. The spacious primary bedroom also offers include view's with fireplace and balcony. The Castaways community is one of Newport's most coveted neighborhoods, which allows for beautiful walks, hikes, biking and is easily walking to coffee, restaurants, and stores.

Nearby schools

8/10
Mariners Elementary School
Public,PK-60.6mi
7/10
Horace Ensign Intermediate School
Public,7-80.8mi
7/10
Newport Harbor High School
Public,9-120.6mi

Price History

Date
Event
Price
10/22/97
Sold
$1,419,500
06/05/24
Sold
$6,100,000
03/10/10
Sold
$2,389,000
Condition Rating
Good

Built in 1997, this property has clearly undergone extensive, high-quality renovations that bring it well within modern standards. The kitchen boasts premium SubZero appliances and a contemporary design, while the primary bathroom features luxurious marble and updated fixtures. High-end additions like LaCantina folding doors and consistent hardwood flooring throughout indicate significant investment in modernization, making it move-in ready with minimal wear and tear, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Unrivaled Panoramic Views: Offers 'front row' spectacular views of Newport Bay, Back Bay, City Lights, Harbor, and Ocean, a premium feature for coastal properties.
Expansive Outdoor Oasis: Features one of the largest oversized lots on the cliff, complete with a full pool, spa, and fire pit, providing exceptional private outdoor living.
Exclusive Guard-Gated Community: Located within the highly coveted Castaways guard-gated neighborhood, offering security, exclusivity, and a desirable lifestyle with walkability to amenities.
Seamless Indoor/Outdoor Living & High-End Kitchen: Equipped with LaCantina folding doors, creating a desirable coastal indoor/outdoor experience, complemented by a beautiful kitchen with a center island and SubZero appliances.
Luxurious Primary Retreat: The spacious primary bedroom boasts stunning views, a cozy fireplace, and a private balcony, enhancing comfort and luxury.

Cons

Property Age & Potential for Updates: Built in 1997, while some areas are updated, other components of the home may be original and could require future modernization or maintenance.
Ongoing Association Fees: The property incurs a monthly association fee of $400, which is an additional recurring cost for the homeowner.
Unspecified Cooling System: The description does not explicitly mention a central air conditioning system, which, for a 1997 build, could imply an older system or none at all, potentially impacting comfort during warmer months.

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