360 Villa Point Drive, Newport Beach, California 92660, Newport Beach, 92660 - 1 bed, 1 bath
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Newport Beach, California 92660
This HUD-owned residence represents a High-Potential Investment Opportunity, currently listed at $970,000—positioned well above the $786,763 Fair Market Value by -23%. Featuring a Fair Condition Rating (5/10), this top-floor end unit offers significant value-add potential through renovation. The property includes a private balcony, peek-a-boo ocean views, and access to resort-style pools and spas. Given the current HUD-mandated owner-occupant priority, this is a strategic acquisition for Value-Add Investors or Owner-Occupants prepared to modernize this coastal asset.
Property is extensive renovation needed.
Built in 1990 (36 years old) with no apparent renovations. The listing is a HUD foreclosure sold as-is and is FHA 203(k) eligible, which specifically indicates a need for significant rehab. Interior images reveal heavily soiled and damaged carpeting, scuffed walls, and a completely original 1990s kitchen with dated tile countertops and aging appliances.
Situated in a prestigious gated community near Fashion Island and Balboa Island, offering an elite Newport Beach lifestyle with proximity to world-class shopping, dining, and beaches.
As a private top-floor end unit, the residence benefits from enhanced natural light, peek-a-boo ocean views, and increased privacy with no neighbors living above.
The community provides high-end amenities including two pools, spas, a fitness center, and lush landscaping adjacent to the Newport Beach Country Club golf course.
The property is HUD-owned and sold strictly in as-is condition without repairs, which may necessitate immediate additional investment for updates or maintenance.
The initial priority bidding period is restricted to owner-occupants, nonprofits, and government agencies, temporarily excluding traditional real estate investors.
HUD Owned Property: CASE# 048-536442, Sold As-Is without Repairs. HUD Home with Elevated Coastal Living in Villa Point | 360 Villa Point, Newport Beach. Welcome to the highly coveted, gated community of Villa Point, where resort-style living meets the sophistication of Newport Beach. Perfectly positioned just moments from Balboa Island, Fashion Island, world-class beaches, and the Newport Beach Country Club, this exclusive enclave offers privacy, convenience, and an effortless coastal lifestyle. Perched as a private top-floor end unit, this 1-bedroom, 1-bath residence captures natural light and serene views, with a thoughtful open-concept layout designed for both comfort and entertaining. The living and dining areas flow seamlessly together, anchored by a cozy fireplace and framed by large windows and sliding doors that invite the outdoors in. The galley-style kitchen features a functional layout with a breakfast bar overlooking the main living space, creating a connected and social atmosphere ideal for everyday living or hosting guests. A convenient in-unit laundry closet enhances practicality without compromising space. Step outside to your east-facing private balcony, accessible from both the living room and bedroom—perfect for morning coffee or evening relaxation with gentle coastal breezes. The spacious primary suite offers a true retreat, complete with a walk-in closet and a thoughtfully designed en-suite bath featuring a separate vanity area and a private tub/shower and toilet room, providing both comfort and functionality. This light and bright upper-level home also offers peek-a-boo ocean views from the kitchen and dining area, adding a subtle coastal charm. Residents of Villa Point enjoy access to two resort-style pools and spas, a clubhouse, fitness center, and lush tropical landscaping, all set against the backdrop of the adjacent Newport Beach Country Club golf course. Newport Beach living at its best—ideal for executives, professionals, or those seeking a sophisticated coastal getaway. OPEN TO ALL BIDDERS... LISTING HAS ROLLED OVER TO EXTENDED. Bid submission deadline 7/14/26 @ 11:59:59 PM CT. IE (Insured Escrow) financing available AND FHA203(k) Eligible! Please make an appointment to view this charming property with a Real Estate Agent or Broker of your choice.
No exterior & parking available.
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| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 803 | 1,320 |
| Lot Size | - | 27,766 |
| Price | $970.0K | $1.56M |
| Price per sq ft | $1.2K | $1.0K |
| Built year | 1990 | 1977 |
| HOA | $661.0 | $720 |
| Days on market | 33 | 61 |
Jun 19, 2026
$970,000
Initial Listing
Aug 5, 2003
$380,000
Public Record
Feb 25, 2000
$202,000
Public Record
Oct 15, 1998
$199,000
Public Record
Apr 22, 1994
$158,000
Public Record