500 Cagney Lane 103, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath

500 Cagney Lane 103, Newport Beach, California 92663 home-pic-0
ACTIVE$589,900
500 Cagney Lane 103, Newport Beach, California 92663
1Bed
1Bath
465Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Coastal Location & Walkability: Ideally situated within a gated Newport Beach community on the Bluffs, boasting a walkability score of 86, offering immediate access to beaches, shopping, fine dining, and entertainment.
Top Cons:
Compact Living Space: At 465 sqft, the unit offers very limited living space, which may not suit all buyer needs or preferences, particularly for those seeking more room.

Compared to the nearby listings

Price:$589.9K vs avg $1.39M ($-797,600)2%
Size:465 sqft vs avg 1,315 sqft2%
Price/sqft:$1.3K vs avg $90074%

More Insights

Built in 1971 (54 years old).
Condition: Built in 1971, this property is over 50 years old. While it appears well-maintained and features updated laminate flooring throughout, the kitchen exhibits dated white cabinets, white laminate countertops, and an older pendant light fixture. Although the refrigerator and stove appear to be newer stainless steel, the overall kitchen aesthetic is outdated. The bathroom, though not fully visible, is likely similarly dated. The property is functional and move-in ready, but key areas like the kitchen and bathroom show clear signs of being outdated and would benefit from minor updates to meet current styles and standards.
Year Built
1971
Close
-
List price
$590K
Original List price
$600K
Price/Sqft
$1,269
HOA
$540.88
Days on market
-
Sold On
-
MLS number
OC25239881
Home ConditionFair
Features
Good View: Ocean
Deck
ViewOcean

About this home

Unit #103 is an amazing resort vacation home or live here full-time. The property would also be a welcome destination for Snowbirds. This coastal condo is ideally located within the gated community at Versailles on the Bluffs. A rare bonus in this price range is the water view from your balcony. Walkability score of 86. In just a few minutes you can be sitting in the warm sand, swimming, surfing or collecting shells; so much fun. Famous Balboa Peninsula, Lido Isle, Fashion Island, are nearby and offer the very best in shopping, fine dining, and entertainment. Delight in attending festivals and boat parades which are longstanding Newport Beach traditions. Bike to Sunset View Park for an unforgettable sunset; Then stay for the spectacular city lights. Afterwards bike along the nearby coastline where an ocean breeze is always refreshing. Stop for ice cream or a drink. This cute condo is at the end of the walkway providing lots of privacy. It's light and bright and offers an open floorplan. Easy care laminate flooring throughout. Built-in desk with ample shelving for all your home office needs. Refrigerator and stove included. Water and gas paid by HOA. An elevator saves time getting to your dedicated parking in the secured subterranean garage. Additional storage closet at the parking space, locked cage for bike storage. Convenient community laundry; Secure gated entry to the complex. Versailles offers a spacious pool and spa, BBQ, lovely clubhouse with a library and kitchen, an exercise room and sauna. All you could want is right here at home. It's a wonderful place to host friends. World class medical care is next door at the renowned Hoag Hospital. This well-priced gem could be yours. Lowest priced unit in Versailles available with a water view. Embrace the best of beach close living by making this sanctuary in a prestigious Newport Beach community your home.. Unit is #103

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.1mi
Condition Rating
Fair

Built in 1971, this property is over 50 years old. While it appears well-maintained and features updated laminate flooring throughout, the kitchen exhibits dated white cabinets, white laminate countertops, and an older pendant light fixture. Although the refrigerator and stove appear to be newer stainless steel, the overall kitchen aesthetic is outdated. The bathroom, though not fully visible, is likely similarly dated. The property is functional and move-in ready, but key areas like the kitchen and bathroom show clear signs of being outdated and would benefit from minor updates to meet current styles and standards.
Pros & Cons

Pros

Exceptional Coastal Location & Walkability: Ideally situated within a gated Newport Beach community on the Bluffs, boasting a walkability score of 86, offering immediate access to beaches, shopping, fine dining, and entertainment.
Rare Water View: Features a desirable water view from the balcony, a significant and rare amenity for its price point within the Versailles community, enhancing its appeal and value.
Comprehensive Resort-Style Amenities: The Versailles community provides an array of amenities including a spacious pool, spa, BBQ, clubhouse with a library and kitchen, an exercise room, and sauna, enhancing the lifestyle appeal.
Privacy and Bright Open Floorplan: Positioned at the end of a walkway, ensuring enhanced privacy, and boasting a light, bright, and open floorplan with easy-care laminate flooring throughout.
Strong Value & Inclusions: Marketed as the 'lowest priced unit in Versailles available with a water view,' includes refrigerator, stove, dedicated parking, additional storage, and HOA covers water and gas, adding to its value proposition.

Cons

Compact Living Space: At 465 sqft, the unit offers very limited living space, which may not suit all buyer needs or preferences, particularly for those seeking more room.
Shared Laundry Facilities: The property relies on 'convenient community laundry' instead of in-unit washer/dryer hookups, which can be a significant inconvenience for many residents.
High HOA Dues Relative to Size: The association fee of $540.88 per month is substantial for a unit of this size, potentially impacting affordability and long-term ownership costs, even with some utilities included.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state