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401 Holmwood Drive, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 3 bath

401 Holmwood Drive, Newport Beach, California 92663 home-pic-0
ACTIVE$2,495,000
401 Holmwood Drive, Newport Beach, California 92663
2Beds
3Baths
1,573Sqft
6,800Lot

Price Vs. Estimate

The estimated value ($2,467,630.15) is $27,369.85 (1%) lower than the list price ($2,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Coastal Location: The property boasts an unbeatable location in Newport Beach, just minutes from the sand, boating, shopping, and world-class dining, and within walking distance to Hoag Hospital and medical facilities.
Top Cons:
Age of Construction: Built in 1960, the property's age may suggest that some systems or finishes might not be fully updated to modern luxury standards, potentially requiring future investment for renovations.

Compared to the nearby listings

Price:$2.50M vs avg $4.40M ($-1,905,000)10%
Size:1,573 sqft vs avg 2,431 sqft22%
Price/sqft:$1.6K vs avg $1.8K34%

More Insights

Built in 1960 (65 years old).
Condition: Built in 1960, this property has clearly undergone significant renovations, as evidenced by the description of a 'thoughtfully designed kitchen' and an 'en-suite bath with a soaking tub,' suggesting modern updates. The overall aesthetic is described as 'coastal sophistication,' indicating a move-in ready home with appealing finishes. While the property's age suggests some underlying systems might not be brand new, the visible and described updates place it firmly in the 'good' category, requiring no immediate renovations and offering a well-maintained living space.
Year Built
1960
Close
-
List price
$2.5M
Original List price
$2.79M
Price/Sqft
$1,586
HOA
-
Days on market
-
Sold On
-
MLS number
OC25052938
Home ConditionGood
Features
Deck
ViewNeighborhood

About this home

Coastal sophistication meets effortless charm at 401 Holmwood Dr, a beautifully designed single level home on an abundant corner lot. Holmwood is just minutes from the sand, boating, shopping and world class dining. Bathed in natural light, the open living space features soaring ceilings and a stately fireplace. The thoughtfully designed kitchen offers an adjacent dining nook and indoor laundry room nearby for added convenience. The primary suite offers ample closet space, an en-suite bath with a soaking tub, and direct access to the expansive rear deck. A spacious secondary bedroom and an additional full bath, also with a tub, complete the interior. Outside, the oversized deck is perfect for entertaining, featuring a built-in firepit for cozy coastal evenings. The property is walking distance to Hoag Hospital and accompanying medical facilities nearby. With an unbeatable location, 401 Holmwood Dr is the perfect Newport Beach single story retreat.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.8mi
7/10
Newport Harbor High School
Public,•9-12•0.8mi
Condition Rating
Good
Built in 1960, this property has clearly undergone significant renovations, as evidenced by the description of a 'thoughtfully designed kitchen' and an 'en-suite bath with a soaking tub,' suggesting modern updates. The overall aesthetic is described as 'coastal sophistication,' indicating a move-in ready home with appealing finishes. While the property's age suggests some underlying systems might not be brand new, the visible and described updates place it firmly in the 'good' category, requiring no immediate renovations and offering a well-maintained living space.
Pros & Cons

Pros

Exceptional Coastal Location: The property boasts an unbeatable location in Newport Beach, just minutes from the sand, boating, shopping, and world-class dining, and within walking distance to Hoag Hospital and medical facilities.
Single-Level Living & Open Design: A beautifully designed single-level home featuring an open living space with soaring ceilings, abundant natural light, and a stately fireplace, appealing to a wide range of buyers.
Spacious Corner Lot & Outdoor Entertaining: Situated on an abundant corner lot, the property offers an oversized rear deck perfect for entertaining, complete with a built-in firepit for cozy coastal evenings.
Thoughtful Interior Features: The home includes a thoughtfully designed kitchen with an adjacent dining nook, an indoor laundry room, and a primary suite with ample closet space, a soaking tub, and direct deck access.
Desirable Newport Heights Subdivision: Located in the highly sought-after Newport Heights subdivision, known for its charm, community, and proximity to amenities.

Cons

Age of Construction: Built in 1960, the property's age may suggest that some systems or finishes might not be fully updated to modern luxury standards, potentially requiring future investment for renovations.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $2.795M to $2.495M, which could signal initial overpricing or market resistance, potentially affecting buyer perception.
Limited Bedroom Count: With only 2 bedrooms, the property may appeal to a narrower buyer demographic, potentially limiting its marketability compared to 3-bedroom homes often sought after in this price range and location.

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