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3304 Marcus, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 4 bath

3304 Marcus, Newport Beach, California 92663 home-pic-0
ACTIVE UNDER CONTRACT$6,400,000$2,767/sqft
Est. Value: $6,971,379
8%
BelowEstimate
3304 Marcus, Newport Beach, California 92663
4Beds
4Baths
2,767Sqft
2,860Lot

Price Vs. Estimate

The estimated value ($6,971,379.28) is $571,379.28 (8%) higher than the list price ($6,400,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2860, living area = 2767.

Compared to the nearby listings

Price:$6.40M vs avg $4.47M (+$1,925,000)80%
Size:2,767 sqft vs avg 2,589.5 sqft58%
Price/sqft:$2.3K vs avg $1.8K77%

More Insights

Built in 1985 (41 years old).
Condition: Despite being built in 1985, this property has undergone an extensive and high-end recent remodel, as explicitly stated in the description and clearly visible in the images. The kitchen features modern white cabinetry, quartz countertops, high-end stainless steel appliances, and designer tile backsplash. Bathrooms are equally updated with contemporary vanities, stone countertops, large walk-in showers with glass enclosures, and modern fixtures. The property boasts new oak plank flooring, designer tile on the first floor, modern lighting, and a rooftop spa, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Year Built
1985
Close
-
List price
$6.4M
Original List price
$6.4M
Price/Sqft
$2,313
HOA
-
Days on market
-
Sold On
-
MLS number
NP26006339
Home ConditionExcellent
Features
Excellent View: Canal, City Lights, Marina, Ocean
Deck
Spa
Patio
ViewCanal,City Lights,Marina,Ocean

About this home

Experience the quintessential Newport Beach waterfront lifestyle on a picturesque canal. This stunning, recently remodeled home boasts its very own private dock and a delightful electric boat, perfect for leisurely bay cruises. Inside, you'll find a modern kitchen equipped with high-end appliances, quartz countertops, and elegant designer tile throughout the first floor including the patio. The Fleetwood pocket doors open wide to create a seamless indoor-outdoor experience onto the inviting patio. Upstairs, you're greeted by soaring cathedral beam ceilings, rich oak plank flooring and two spacious primary suites alongside two additional bedrooms. There are also a full hallway bathroom and an open gym or Pilates room with custom mirrored closet doors. From the primary suite's balcony, a circular staircase leads you up to a rooftop deck complete with a luxurious spa, perfect for unwinding under the stars. Best of all, you're just a few minutes' walk from the beach, along with a variety of restaurants, shops, grocery stores and hotels--making everyday living and entertaining a breeze. Plus this property is a licensed STVR and can be transferred to the new owner through the City of Newport Beach.

D
Daniel Pedersen
Listing Agent

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.9mi
9/10
Newport Elementary School
Public,•PK-6•1.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
07/19/18
Sold
$2,606,500
07/26/07
Sold
$2,600,000
03/12/04
Sold
$1,989,000
Condition Rating
Excellent
Despite being built in 1985, this property has undergone an extensive and high-end recent remodel, as explicitly stated in the description and clearly visible in the images. The kitchen features modern white cabinetry, quartz countertops, high-end stainless steel appliances, and designer tile backsplash. Bathrooms are equally updated with contemporary vanities, stone countertops, large walk-in showers with glass enclosures, and modern fixtures. The property boasts new oak plank flooring, designer tile on the first floor, modern lighting, and a rooftop spa, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Premier Waterfront Location & Private Dock: Direct canal access with a private dock and included electric boat offers an unparalleled Newport Beach lifestyle.
Extensive High-End Remodel: Recently updated with a modern kitchen (high-end appliances, quartz), designer tile, Fleetwood pocket doors, oak flooring, and cathedral ceilings, ensuring contemporary luxury.
Luxurious Rooftop Deck with Spa: A private rooftop deck featuring a spa provides an exclusive outdoor retreat with potential views.
Transferable STVR License: The property's licensed Short-Term Vacation Rental status offers significant income-generating potential for the new owner.
Exceptional Walkability & Proximity to Amenities: Just minutes from the beach, restaurants, shops, and hotels, offering ultimate convenience and a vibrant lifestyle.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2860, living area = 2767.
Compact Lot Size: The 2,860 sqft lot is relatively small, which may limit expansive outdoor living space beyond the existing patio and rooftop deck.
Potential for Noise and Crowds: Its highly desirable location, steps from the beach and commercial areas, could lead to increased noise and foot traffic, particularly during peak seasons.
Ongoing Maintenance of Waterfront Amenities: The private dock and electric boat, while attractive, will require regular maintenance, upkeep, and associated costs, adding to ownership responsibilities.
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