
Newport Beach, California 92663
This Single Family Residence represents a Strong Value Opportunity, listed at $3,650,000—positioned slightly above the $3,615,774 Fair Market Value. While the home maintains a Condition Rating of 4, its prime location in Newport Heights offers significant long-term stability. The expansive 6,375-square-foot lot provides exceptional development potential, including space for an ADU. With proximity to top-rated schools like Newport Harbor High, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to customize a coastal legacy property in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Aliso Avenue Subject | $3,650,000* List Price | 3 | 2 | 1,830 | $1,976 | - |
A 415 San Bernardino Sold | $3,900,000 | 2 | 2 | 1,599 | $2,439 | 0.4 mi |
B 231 Santa Ana Sold | $3,395,000 | 2 | 2 | 1,685 | $2,015 | 0.5 mi |
C 424 Saint Andrews Road Sold | $3,380,000 | 4 | 2 | 2,301 | $1,469 | 0.3 mi |
D 300 Holmwood Drive Active | $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 likely completed 20-25 years ago. While the home is well-maintained and move-in ready, the bathroom fixtures, tile flooring, and interior finishes are dated and will require updates to meet modern standards.
Situated in the highly coveted Newport Heights neighborhood, this property offers exceptional walkability to top-rated schools, local dining favorites like C’Est Si Bon, and Newport Beach’s premier coastal amenities.
The generous 6,375-square-foot lot with convenient alley access provides a rare opportunity for future expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize property value.
A significant rarity for the area, the property features a two-car garage and an extended driveway that can accommodate up to six vehicles, providing ample space for guests and residents.
Originally built in 1954, the home may require significant capital investment to modernize core systems and finishes to meet contemporary luxury standards.
With a list price of $3.65 million for 1,830 square feet, the property commands a high price-per-square-foot that primarily reflects land value rather than the scale of the existing residence.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 2.0 | 4.0 | 27% |
| Square foot | 1,830 | 2,755 | 27% |
| Lot Size | 6,375 | 4,601 | 67% |
| Price | $3.65M | $5.10M | 42% |
| Price per sq ft | $2.0K | $1.7K | 62% |
| Built year | 1954 | 1962 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 135 | 2% |
May 28, 2026
$3,650,000
Initial Listing
Sep 15, 2023
$1,700,000
Public Record