43 Gannet Lane, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath
43 Gannet Lane
Newport Beach, California 92660
Property Price
SUMMARY
Analysis of 43 Gannet Lane, Newport Beach, California 92660 reveals a property with a current list price of $2,398,000, which is 6% above the estimated $2,252,752 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 43 Gannet Lane Subject | $2,398,000* List Price | 3 | 3 | 1,781 | $1,265 | - |
A 3167 Corte Portofino Sold | $2,775,000 | 4 | 3 | 2,432 | $1,141 | 0.6 mi |
B 24 Cormorant Sold | $1,999,000 | 2 | 2 | 1,217 | $1,643 | 0.1 mi |
C 2441 Vista Nobleza Sold | $2,050,000 | 3 | 2 | 2,003 | $1,023 | 0.9 mi |
D 3121 Corte Linda Sold | $3,075,000 | 4 | 3 | 2,432 | $1,264 | 0.7 mi |
E 2654 Vista Ornada Sold | $2,400,000 | 4 | 3 | 2,300 | $1,043 | 0.7 mi |
F 78 Pelican Court Active | $2,295,000 List Price | 3 | 3 | 1,625 | $1,412 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1986, this property has been 'completely remodeled and turnkey' with extensive, high-end renovations. The description and images showcase premium finishes throughout, including new porcelain tile flooring, LED lighting, triple-pane windows, and a stunning Quartzite stone fireplace. The gourmet kitchen features modern white cabinetry, stainless steel appliances (LG refrigerator, GE range), and Quartzite countertops/backsplash, all appearing virtually new. The primary and secondary bathrooms are spa-inspired with Quartzite counters, full slab showers, modern vanities, and contemporary fixtures. A newer water heater is also mentioned. The overall condition, style, and features align perfectly with a property that has been extensively renovated within the last 5 years, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Extensively Remodeled & Turnkey
The property is 'Completely remodeled and turnkey' with high-end finishes throughout, including custom paint, triple-pane windows, porcelain tile, Quartzite stone fireplace, gourmet kitchen with premium finishes, and a spa-inspired primary bath, requiring minimal immediate investment for the buyer.
- Prime Gated Community Location
Situated in the 'private gated community of Bayview Terrace' in Newport Beach, offering security, exclusivity, and a highly desirable address within a prestigious area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1781, other record living area = 1601.
- No Mention of Central Air Conditioning
The property description does not explicitly mention a cooling system (AC), which could be a significant drawback for comfort during warmer months in Southern California.
- Older Original Construction Year
Despite extensive remodeling, the home was originally built in 1986, meaning the underlying structure and some systems, even if updated, are older and may require future consideration.
About 43 Gannet Lane
Completely remodeled and turnkey, this 3 bedroom, 2.5 bathroom, 1,601 sq. ft. home is located in the private gated community of Bayview Terrace. Set within a very private compound, the residence showcases custom paint, molding, floorboards, triple-pane windows, wood shutters, LED lighting, porcelain tile flooring throughout, and a stunning Quartzite stone fireplace. The gourmet kitchen features premium finishes, stainless steel appliances, and excellent flow for entertaining. The primary suite includes new window shutters and LED lighting. The spa-inspired primary bath offers Quartzite counters, a full Quartzite slab shower with bench, Toto toilet, porcelain tile, built-in vanity with lighting, custom closet doors, and a cabinet above the vanity. The secondary bedrooms are equally impressive, with new windows, wood shutters, mirrored closet doors, and porcelain tile flooring. One features a chandelier and a custom closet drawer setup, while the other offers a bright, open feel with updated finishes. Additional highlights include hidden under-stair storage, internet readiness, newer water heater, custom landscaping, and unmatched curb appeal. Outdoor living is enhanced with porcelain hardscaping that matches the interior, an outdoor TV, and a private setting. The two-car garage is complete with epoxy floors, cabinets, and a new garage door opener. Community amenities include pool, spa, and tennis courts. Conveniently located near Fashion Island, world-class beaches, scenic trails, and top-rated schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $295.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Eastbluff Elementary School
Grades K-6 • 0.9 mi
Mariners Elementary School
Grades PK-6 • 2.5 mi
Horace Ensign Intermediate School
Grades 7-8 • 3.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,781 | 2,623 | 9% |
| Lot Size | 3,500 | 7,475 | 13% |
| Price | $2.40M | $3.85M | 18% |
| Price per sq ft | $1.3K | $1.4K | 46% |
| Built year | 1986 | 1970 | 72% |
| HOA | $295.0 | $375 | 48% |
| Days on market | 58 | 158 | 18% |
Pricing History
Listed for Sale
Jan 8, 2026
$2,398,000
Initial Listing
Sold
Oct 12, 2017
$1,050,000
Public Record
Sold
Jun 28, 2017
$975,000
Public Record