327 62nd Street, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath
327 62nd Street
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 327 62nd Street, Newport Beach, California 92663 reveals a Fairly Priced Property with a current list price of $2,745,000 aligned with the estimated $2,717,209 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 |
|---|---|---|---|---|---|---|
★ 327 62nd Street Subject | $2,745,000* List Price | 3 | 2 | 1,477 | $1,840 | - |
A 448 62nd Sold | $3,500,000 | 2 | 3 | 2,045 | $1,711 | 0.1 mi |
B 6507 Seashore Dr. Sold | $3,075,000 | 4 | 2 | 1,543 | $1,993 | 0.2 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 1960, the property has undergone a comprehensive and high-end modern renovation within the last few years. The interior features a chef's kitchen with top-of-the-line appliances and sleek finishes, spa-like stone-clad bathrooms, hardwood flooring, and dramatic cathedral ceilings with recessed lighting. The property is in turnkey condition with no signs of deferred maintenance, meeting the criteria for a fully renovated, modern luxury home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Situated just two blocks from the beach in the highly desirable Newport Shores community, this home offers an unparalleled coastal lifestyle with easy access to the sand and surf.
- Turnkey Modern Remodel
The property features high-end renovations throughout, including dramatic cathedral ceilings, a chef's kitchen with top-of-the-line appliances, and spa-inspired stone-clad bathrooms.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1477, other record living area = 1435.
- Compact Lot and Living Area
At 1,477 square feet on a 2,520 square foot lot, the property offers limited interior and exterior space compared to other single-family residences in this price bracket.
- Lack of Ocean Views
Despite its close proximity to the water, the property's primary view is of the surrounding neighborhood rather than direct panoramic ocean or coastline vistas.
About 327 62nd Street
Located just two blocks from the pristine shores of Newport Beach, this beautifully remodeled three-bedroom, two-bathroom home combines modern luxury with coastal charm. Step inside to discover an open floor plan featuring dramatic cathedral ceilings. At the heart of the home, the kitchen has been thoughtfully renovated with top-of-the-line appliances and sleek finishes. Adjacent to the kitchen, the dining area opens onto a private patio, perfect for alfresco dining or enjoying your morning coffee. The primary suite is complete with an ensuite bathroom meticulously designed to provide a spa-like experience. The additional bedrooms feature high ceilings, ample closet space, and an abundance of natural light, as well as a shared beautifully remodeled bathroom. Enjoy ocean breezes and sunshine in outdoor spaces tailored for both relaxation and entertainment. A spacious balcony offers a serene escape, while two private patios provide ample room for gatherings with family and friends. Additional features include remodeled stone-clad bathrooms, open-beamed ceilings, hardwood flooring, recessed lighting, a fireplace, and a two-car garage. Located in the vibrant community of Newport Shores, this home offers an unparalleled lifestyle in a highly sought-after location as well as the amenities of the Newport Shores Community Association, including a clubhouse, pool, tennis courts, pickleball, volleyball, basketball, BBQ facilities, and a play area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 2,520 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $58.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 2.1 mi
Newport Elementary School
Grades PK-6 • 2.2 mi
Horace Ensign Intermediate School
Grades 7-8 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 4.0 | 28% |
| Square foot | 1,477 | 2,569 | 19% |
| Lot Size | 2,520 | 4,425.5 | 19% |
| Price | $2.75M | $4.42M | 24% |
| Price per sq ft | $1.9K | $1.8K | 52% |
| Built year | 1960 | 1961 | 50% |
| HOA | $58.0 | $0 | 65% |
| Days on market | 8 | 219 | 4% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,745,000
Initial Listing