389 Mira Loma, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 2 bath
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Costa Mesa, California 92627
This Reimagined Designer Bungalow is a Strong Value Opportunity, listed at $2,095,000—positioned well below the $2,233,554 Fair Market Value by 6%. This valuation gap provides $138,554 in Instant Equity. Boasting a Mint Condition Rating, the home features a gourmet kitchen with quartz waterfall edges and a resort-style backyard with a glistening pool on an oversized lot. Located in the prestigious Newport Mesa Unified District near Mariners Elementary, it offers a turnkey coastal lifestyle. This is an exceptional acquisition for Luxury Homeowners or Owner-Occupants seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 389 Mira Loma Subject | $2,095,000* List Price | 4 | 2 | 1,683 | $1,327 | - |
A 2691 Club Mesa Sold | $1,995,000 | 4 | 2 | 1,809 | $1,103 | 0.4 mi |
B 269 Cecil Place Sold | $2,280,000 | 4 | 2 | 1,832 | $1,245 | 1.0 mi |
C 2650 Riverside Drive Sold | $2,500,000 | 3 | 3 | 1,981 | $1,262 | 0.1 mi |
D 2553 Fairway Drive Pending | $2,595,000 List Price | 3 | 2 | 1,782 | $1,456 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Though originally built in 1956, the property has been completely reimagined with a high-end renovation likely within the last 5 years. It features a gourmet kitchen with quartz waterfall edges, designer-remodeled bathrooms, newer windows, and modern systems, meeting the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7956, living area = 1683.
The home has been beautifully reimagined with a gourmet kitchen featuring quartz waterfall countertops, custom cabinetry, and designer-finished bathrooms, offering a turnkey luxury experience.
Situated on an oversized 7,956 sqft lot, the property features a rare glistening pool, lush gardens, and a charming white picket fence, providing superior curb appeal and entertaining space.
With 54 days on market and two consecutive price reductions from the original $2.295M, the property is currently struggling to find its value floor in the eyes of active buyers.
At approximately $1,244 per square foot for a 1956-built structure, the home commands a significant premium that may be difficult for some buyers to justify despite the high-quality finishes.
TIMELESS CHARM AND MODERN ELEGANCE! Nestled in the heart of Eastside Costa Mesa and beautifully reimagined, this single-level bungalow blends generous living spaces with natural design elements and high-quality finishes that will tempt the most discerning Buyer. From the moment you arrive, the park-like front yard framed by a charming white picket fence welcomes you home! Step through the timeless Dutch door into expansive living areas that flow seamlessly with unique finishes, newer windows, and a cozy fireplace that adds character and comfort. The gourmet kitchen is the heart of the home, thoughtfully designed for both everyday living and effortless entertaining. The large center island, quartz countertops with waterfall edge are the focal point with stainless steel appliances and custom cabinetry - creating a warm and inviting setting. Surrounded by lush gardens and mature trees, the spacious backyard offers wonderful outdoor areas for entertaining and play, highlighted by a glistening pool and ample room to gather. Nearly 1,700 square feet of maximized living space, all situated on an exceptionally oversized lot. The home features 3 large bedrooms and 2 fully remodeled bathrooms that have been thoughtfully renovated with designer finishes and modern flair. A versatile 4th bedroom or flex space can easily serve as a formal dining room, home office, or guest quarters. Additional highlights include a spacious two-car pull-through garage with abundant storage and an extra-long driveway. Around the corner from Ranch Center with the Irvine Ranch Market, Coffee Dose, Verde and the New Mom’s School. Centrally located to multiple neighborhood parks (Perez, Brentwood, Bayview and YMCA). Very close to Back Bay with hiking trails & bike loops, Newport Beach Golf Course, Santa Ana Country Club, Newport Dunes and Fashion Island with premier shopping & exceptional dining – all just minutes away. LOVE WHERE YOU LIVE!
No exterior & parking available.
Grades 3-6 • 1.2 mi
Grades PK-2 • 1.4 mi
Grades PK-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,683 | 1,733 | 47% |
| Lot Size | 7,956 | 6,904.5 | 80% |
| Price | $2.10M | $1.65M | 68% |
| Price per sq ft | $1.2K | $1.1K | 74% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 163 | 14% |
Apr 18, 2026
$2,095,000
$2,195,000
-5% Price Drop
Initial Listing
Mar 25, 2026
$2,195,000
$2,295,000
-4% Price Drop
Initial Listing
Feb 23, 2026
$2,295,000
Initial Listing
Aug 31, 2020
$1,455,000
Public Record
Aug 29, 2014
$950,000
Public Record
Apr 3, 2014
$700,000
Public Record