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

500 Cagney Lane 103
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 500 Cagney Lane 103, Newport Beach, California 92663 is currently available with a list price of $574,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1971, is well-maintained and appears move-in ready, featuring laminate flooring throughout and updated stainless steel refrigerator and stove. However, the kitchen cabinets and countertops, along with the bathroom fixtures (pedestal sink, basic vanity light, shower/tub combo with curtain), show signs of being outdated in style. While functional, these areas would benefit from cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria of being aged but maintained with functional components showing signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location & Walkability
Ideally situated in a gated Newport Beach community with a walkability score of 86, offering immediate access to the beach, Balboa Peninsula, Lido Isle, Fashion Island, and world-class dining and entertainment.
- Rare Water View & Enhanced Privacy
Features a desirable water view from the balcony, a rare find in this price range, and benefits from being an end unit, providing additional privacy.
- Extensive Community Amenities
The Versailles community offers a wealth of amenities including a spacious pool, spa, BBQ area, clubhouse with library and kitchen, exercise room, and sauna, enhancing the resort-like living experience.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 465 square feet, the unit is quite small, which may limit living space and appeal to buyers seeking more expansive accommodations.
- Community Laundry Only
The property relies on convenient community laundry facilities rather than an in-unit washer/dryer, which can be a drawback for some modern lifestyles.
- High HOA Fees for Size
The association fee of $540.88 per month is relatively high for a unit of this size, potentially impacting the overall affordability and long-term cost of ownership.
About 500 Cagney Lane 103
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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $540.88 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.4 mi
Horace Ensign Intermediate School
Grades 7-8 • 1.1 mi
Newport Harbor High School
Grades 9-12 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 16% |
| Baths | 1.0 | 3.0 | 16% |
| Square foot | 465 | 1,791 | 3% |
| Lot Size | - | 6,579 | 23% |
| Price | $574.9K | $1.85M | 3% |
| Price per sq ft | $1.2K | $1.2K | 55% |
| Built year | 1971 | 1981 | 19% |
| HOA | $540.88 | $541 | 50% |
| Days on market | 133 | 171 | 23% |
Pricing History
Listed for Sale
Jan 9, 2026
$574,900
$585,900
-2% Price Drop
Initial Listing
Price Change
Dec 20, 2025
$585,900
$589,900
-1% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$589,900
$599,900
-2% Price Drop
Initial Listing
Price Change
Oct 25, 2025
$599,900
Initial Listing




























