
Newport Beach, California 92663
This Stunning Move-In Ready Home represents a Strong Value Opportunity, listed at $2,950,000—positioned well below the $3,265,426 Fair Market Value by 9%. This valuation gap offers $315,426 in Instant Equity. Featuring a remodeled kitchen, rooftop deck, and an Excellent Condition Rating, this residence offers a coastal lifestyle with access to top-tier schools like Newport Elementary. It is an ideal acquisition for Owner-Occupants seeking luxury or sophisticated buyers prioritizing turnkey coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 Walnut Street Subject | $2,950,000* List Price | 5 | 6 | 2,546 | $1,283 | - |
A 315 Lugonia Street Sold | $3,100,000 | 4 | 4 | 2,755 | $1,125 | 0.0 mi |
B 354 354 62nd Street Sold | $3,200,000 | 3 | 3 | 2,311 | $1,385 | 0.1 mi |
C 204 David Drive Active | $2,800,000 List Price | 5 | 4 | 2,025 | $1,383 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1962, the property has been thoughtfully updated throughout with a fully remodeled kitchen featuring quartz countertops and professional appliances. All bathrooms have been remodeled with modern finishes like subway tile and marble flooring. The inclusion of double-pane windows and high-end interior millwork indicates a comprehensive renovation within the last 5 years, leaving the home in mint, move-in-ready condition.
Elementary School: Newport Elementary School (9/10).
Situated steps from the sand in Newport Shores, this property offers rare access to extensive community amenities including a heated pool, tennis and pickleball courts, and private canal access for kayaking and paddleboarding.
The rare five-bedroom, six-bath floor plan features all en-suite bedrooms, including a main-level suite and an expansive bonus room, providing exceptional flexibility for multi-generational living or high-capacity guest hosting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2480, living area = 2546.
The 2,480 square foot lot is relatively small, resulting in minimal private yard space and high density typical of the Newport Shores neighborhood.
Newport Shores - Positioned in West Newport Beach, this five-bedroom, five-and-one-half-bath residence offers a rare opportunity to live the Southern California coastal lifestyle steps from the sand. Thoughtfully updated throughout, the home delivers generous living spaces, refined finishes, and a versatile floor plan designed for both everyday living and effortless entertaining. At its center, a remodeled kitchen features quartz countertops, an expansive island, custom cabinetry, and a professional six-burner gas range. The kitchen opens directly into the family room and dining area beneath soaring ceilings appointed with crown molding, wainscoting, and skylights that invite coastal light through every hour of the day. A main-level bedroom suite provides ideal accommodations for guests, extended family, or multigenerational living. Upstairs, the primary suite serves as a private retreat complete with a soaking tub, and a separate shower. Three additional bedroom suites each offer remodeled baths, while an expansive bonus room, and secondary staircase provide a level of flexibility rarely found within Newport Shores. The home is designed to embrace Newport Beach's year-round coastal climate. Multiple outdoor living areas include a covered patio, open terrace, and a rooftop deck capturing panoramic views, coastal breezes, sunsets, and city lights. Additional appointments include double-pane windows, custom window coverings, and an attached two-car garage with guest parking nearby. Residents of Newport Shores enjoy a unique access to an exceptional collection of community amenities, including a heated pool, clubhouse, recreation room, pickleball and tennis courts, sport courts, playground, barbecue and picnic areas, and canal access for paddleboarding, kayaking, fishing, and a variety of waterfront activities.
No exterior & parking available.
Grades K-6 • 2.2 mi
Grades PK-6 • 2.3 mi
Grades 7-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 6.0 | 4.0 |
| Square foot | 2,546 | 2,868 |
| Lot Size | 2,480 | 6,914 |
| Price | $2.95M | $4.44M |
| Price per sq ft | $1.2K | $1.6K |
| Built year | 1962 | 1970 |
| HOA | $55.0 | $430 |
| Days on market | 47 | 59 |
Jun 5, 2026
$2,950,000
Initial Listing
Feb 18, 2005
$1,265,000
Public Record
Oct 19, 1999
$360,000
Public Record