327 62nd Street, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath

327 62nd Street, Newport Beach, California 92663 home-pic-0
ACTIVE$2,650,000
327 62nd Street, Newport Beach, California 92663
3Beds
2Baths
1,477Sqft
2,520Lot

Price Vs. Estimate

The estimated value ($2,650,000) is $0 (0%) lower than the list price ($2,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
High Price Point for Size: The list price of $2.65 million is substantial for a 1,477 sqft home on a 2,520 sqft lot, potentially limiting the buyer pool despite the prime location.

Compared to the nearby listings

Price:$2.65M vs avg $4.40M ($-1,750,000)18%
Size:1,477 sqft vs avg 2,431 sqft18%
Price/sqft:$1.8K vs avg $1.8K49%

More Insights

Built in 1960 (65 years old).
Condition: Despite being built in 1960, this property has undergone a comprehensive and high-quality renovation, bringing it to an 'excellent' condition. The description explicitly states it's 'beautifully remodeled' with 'modern luxury.' The kitchen features top-of-the-line stainless steel appliances, sleek white shaker cabinets, light countertops, and a contemporary blue subway tile backsplash, all appearing virtually new. Both bathrooms are 'meticulously designed' with modern large-format tiling, glass shower enclosures, and updated fixtures, consistent with a 'spa-like experience.' Hardwood flooring, recessed lighting, and open-beamed cathedral ceilings throughout the main living areas and bedrooms further underscore the recent, extensive updates, leaving no deferred maintenance visible.
Year Built
1960
Close
-
List price
$2.65M
Original List price
$2.89M
Price/Sqft
$1,794
HOA
$58
Days on market
-
Sold On
-
MLS number
NP25091069
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

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.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-62.1mi
9/10
Newport Elementary School
Public,PK-62.2mi
7/10
Horace Ensign Intermediate School
Public,7-82.0mi
7/10
Newport Harbor High School
Public,9-122.0mi
Condition Rating
Excellent

Despite being built in 1960, this property has undergone a comprehensive and high-quality renovation, bringing it to an 'excellent' condition. The description explicitly states it's 'beautifully remodeled' with 'modern luxury.' The kitchen features top-of-the-line stainless steel appliances, sleek white shaker cabinets, light countertops, and a contemporary blue subway tile backsplash, all appearing virtually new. Both bathrooms are 'meticulously designed' with modern large-format tiling, glass shower enclosures, and updated fixtures, consistent with a 'spa-like experience.' Hardwood flooring, recessed lighting, and open-beamed cathedral ceilings throughout the main living areas and bedrooms further underscore the recent, extensive updates, leaving no deferred maintenance visible.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Situated just two blocks from the pristine shores of Newport Beach, offering an unparalleled coastal lifestyle in a highly sought-after area.
Extensive Community Amenities: Access to the Newport Shores Community Association amenities, including a clubhouse, pool, tennis courts, pickleball, volleyball, basketball, BBQ facilities, and a play area, all for a low association fee.
Beautifully Remodeled Interior: The home has been beautifully remodeled with modern luxury, featuring an open floor plan, dramatic cathedral ceilings, a thoughtfully renovated kitchen with top-of-the-line appliances, and spa-like bathrooms.
Multiple Outdoor Living Spaces: Offers a spacious balcony and two private patios, providing ample opportunities for alfresco dining, relaxation, and entertaining while enjoying ocean breezes.
Desirable Architectural Features & Finishes: Includes attractive features such as open-beamed ceilings, hardwood flooring, recessed lighting, a fireplace, and stone-clad bathrooms, enhancing the home's aesthetic and value.

Cons

High Price Point for Size: The list price of $2.65 million is substantial for a 1,477 sqft home on a 2,520 sqft lot, potentially limiting the buyer pool despite the prime location.
Limited Lot Size: The small 2,520 sqft lot offers minimal private outdoor space beyond the existing patios and balcony, and restricts possibilities for future expansion or extensive landscaping.
Price Reduction History: Multiple price reductions from the original list price of $2.89 million suggest potential market resistance or initial overpricing, which could impact buyer perception and negotiation.

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