3121 W Coast 5d, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath

3121 W Coast 5d, Newport Beach, California 92663 home-pic-0
ACTIVE UNDER CONTRACT$1,725,000
3121 W Coast 5d, Newport Beach, California 92663
2Beds
2Baths
1,288Sqft
22,011Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Substantial Monthly Association Fees: The association fee of $1100.0 per month is considerably high, adding a significant ongoing cost to ownership.

Compared to the nearby listings

Price:$1.73M vs avg $1.56M (+$162,500)62%
Size:1,288 sqft vs avg 1,315 sqft38%
Price/sqft:$1.3K vs avg $90076%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, the property has undergone a full and extensive renovation, as explicitly stated in the description and evidenced by the images. The kitchen features premium, modern stainless steel appliances, Calcutta Ultra countertops, and contemporary blue cabinetry. Bathrooms are updated with sophisticated porcelain tile, modern vanities, and smart LED mirrors. High-end finishes like artisan wood flooring and Tom Ford chandeliers are present throughout, indicating all components are new or virtually new and meet current quality standards.
Year Built
1964
Close
-
List price
$1.73M
Original List price
$2.1M
Price/Sqft
$1,339
HOA
$1,100
Days on market
-
Sold On
-
MLS number
LG25170047
Home ConditionExcellent
Features
Excellent View: Bay, Bridge(s), Catalina, City Lights, Coastline, Harbor, Marina, Water
Deck
ViewBay,Bridge(s),Catalina,City Lights,Coastline,Harbor,Marina,Water

About this home

Lock and Go, Turn-key waterfront luxury! This is the Newport Beach lifestyle you've been waiting for. Located within Newport Towers, this fully renovated condo captures panoramic views of Newport Harbor, Lido Village, and the ocean stretching to Catalina Island. Enjoy the ultimate waterfront experience, combining low-maintenance living and peace of mind with an unbeatable location off PCH. The residence includes 24-hour security and gated parking for two vehicles. Inside, open living areas flow onto a private balcony with priceless harbor and water views. The chef’s kitchen features premium appliances, Calcutta Ultra countertops, and a waterfall-edge bar perfect for entertaining or casual meals. Tom Ford chandeliers and artisan wood flooring add a refined elegance throughout the space. Two generous bedrooms receive abundant natural sunlight. Both bathrooms are renovated with sophisticated porcelain tile and Bluetooth-enabled smart LED mirrors, creating a modern spa-like experience every day. Newport Towers residents enjoy exclusive benefits including priority private dock access, boating privileges, and resort-inspired amenities such as a fitness center and common lounge areas complete with BBQs. Walk to the ocean, harbor, Lido Village, or the iconic Newport Beach pier. This location places you at the heart of upscale shopping, dining, excellent schools, and endless recreational opportunities, making it an ideal investment opportunity in a sought-after destination. Experience coastal luxury like never before in a premier Newport Beach address.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.0mi
9/10
Newport Elementary School
Public,PK-61.1mi
7/10
Horace Ensign Intermediate School
Public,7-80.6mi
7/10
Newport Harbor High School
Public,9-120.8mi
Condition Rating
Excellent

Despite being built in 1964, the property has undergone a full and extensive renovation, as explicitly stated in the description and evidenced by the images. The kitchen features premium, modern stainless steel appliances, Calcutta Ultra countertops, and contemporary blue cabinetry. Bathrooms are updated with sophisticated porcelain tile, modern vanities, and smart LED mirrors. High-end finishes like artisan wood flooring and Tom Ford chandeliers are present throughout, indicating all components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Unrivaled Waterfront Location & Views: Offers panoramic views of Newport Harbor, Lido Village, and Catalina Island, coupled with direct access to the ocean, harbor, and Lido Village, embodying the quintessential Newport Beach lifestyle.
Turn-key Luxury Renovation: The condo is fully renovated with high-end finishes, including a chef's kitchen with premium appliances, Calcutta Ultra countertops, artisan wood flooring, and spa-like bathrooms with smart LED mirrors, providing a modern, move-in ready experience.
Comprehensive Resort-Style Amenities: Residents benefit from 24-hour security, gated parking for two vehicles, priority private dock access, boating privileges, a fitness center, and common lounge areas with BBQs, enhancing the luxury living experience.
Low-Maintenance 'Lock and Go' Living: Designed for a low-maintenance lifestyle, this condo offers peace of mind and convenience, ideal for those seeking a 'lock and go' property in a prime coastal location.
Strong Investment Potential & Desirable Community: Situated in a highly sought-after destination, the property is an ideal investment opportunity, surrounded by upscale shopping, dining, excellent schools, and abundant recreational activities.

Cons

Substantial Monthly Association Fees: The association fee of $1100.0 per month is considerably high, adding a significant ongoing cost to ownership.
History of Price Reductions: The property has undergone multiple price reductions from its original list price of $2.1M to $1.725M, which may indicate initial overpricing or market resistance.
Age of Building Structure: Built in 1964, the building's age, despite extensive interior renovations, could imply potential for future common area maintenance or infrastructure updates that may impact HOA fees or assessments.

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