
Newport Beach, California 92663
This Single Family Residence represents a Strong Value Opportunity, listed at $3,350,000—positioned above the $3,130,153 Fair Market Value. While currently priced for the market, the property’s Condition Rating of 4 provides a clear path for value-add modernization. Featuring a 6,375-square-foot lot with alley access and parking for six vehicles, the home offers significant potential for an ADU expansion. Located in the Newport Mesa Unified district near top-rated schools, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a prime coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Aliso Avenue Subject | $3,290,000* List Price | 3 | 2 | 1,830 | $1,595 | - |
A 419 Irvine Avenue Sold | $2,350,000 | 3 | 2 | 1,686 | $1,394 | 0.1 mi |
B 2700 Cliff Sold | $4,050,000 | 2 | 2 | 2,369 | $1,710 | 0.2 mi |
C 2328 Margaret Drive Sold | $2,685,000 | 4 | 3 | 2,100 | $1,279 | 0.3 mi |
D 424 Saint Andrews Road Sold | $3,380,000 | 4 | 2 | 2,301 | $1,469 | 0.3 mi |
E 300 Holmwood Drive Active Under Contract | $3,700,000 List Price | 3 | 2 | 1,586 | $2,333 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1954, the property shows signs of a renovation that is likely 20-25 years old. The kitchen features dated oak-style cabinetry, white square tile with a decorative border, and older black appliances. While the home is well-maintained, move-in ready, and features updated flooring and recessed lighting, the primary systems and aesthetic finishes are dated and require modernization to meet current market standards.
Situated in the highly coveted Newport Heights neighborhood, the property offers exceptional walkability to top-rated schools, Newport Harbor, and local landmarks like C’Est Si Bon and Hoag Hospital.
The generous 6,375-square-foot lot includes rare alley access and ample space, providing a significant opportunity for a future ADU or a custom residential expansion.
A large two-car garage paired with an extended driveway accommodates parking for up to six vehicles, a rare and highly valuable feature for this coastal community.
With 55 days on the market and two consecutive price reductions from the original $3.65M, the property is currently facing downward pricing pressure to find its market equilibrium.
Built in 1954, the 1,830-square-foot footprint may feel undersized or dated to luxury buyers seeking modern open-concept layouts at the $3.35M price point.
Charming single-story cottage nestled within the highly coveted Newport Heights neighborhood. Situated on a generous lot with convenient alley access, a safe, quiet, low-traffic street, just moments from Newport Beach’s most treasured amenities. The approximately 1,830-square-foot residence features 3 bedrooms and 2 bathrooms, including a spacious master suite with a walk-in closet and private bath and shower. Two additional bedrooms provide flexibility for guest accommodations, children’s rooms, or a thoughtfully designed home office. Warm natural light pours through the main living and dining areas, where large French doors allow the lush backyard and garden landscape to become a natural extension of the home. Designed with both comfort and entertaining in mind, the residence features outdoor gas fire ring and barbeque, a gas/wood-burning fireplace, and inviting outdoor spaces ideal for intimate gatherings or quiet coastal evenings. The large two-car garage with extended driveway accommodates parking for up to six vehicles! The expansive lot presents additional possibilities, including room for a future ADU or enhanced outdoor living spaces. Ideally located just steps from Newport Harbor High School, Ensign Intermediate School, Riverside Post Office, C’Est Si Bon, beaches, harbor, restaurants, and Hoag Hospital, this home offers the rare combination of walkability, privacy, and relaxed family living. A quintessential Newport Beach cottage distinguished by warmth, charm, and an effortless elegance — offering an extraordinary setting to raise a family in one of coastal Orange County’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.8 |
| Square foot | 1,830 | 2,729.518 |
| Lot Size | 6,375 | 6,677.813 |
| Price | $3.29M | $4.20M |
| Price per sq ft | $1.8K | $1.6K |
| Built year | 1954 | 1972 |
| HOA | $0 | $414 |
| Days on market | 104 | 63 |
Aug 7, 2026
$3,290,000
$3,350,000
-2% Price Drop
Initial Listing
Jul 22, 2026
$3,350,000
$3,450,000
-3% Price Drop
Initial Listing
Jun 16, 2026
$3,450,000
$3,650,000
-5% Price Drop
Initial Listing
May 28, 2026
$3,650,000
Initial Listing
Sep 15, 2023
$1,700,000
Public Record