
Newport Beach, California 92663
This Turnkey Coastal Condo is a Strong Value Opportunity, listed at $599,000—positioned well above the $577,353 Fair Market Value by 3%. While priced slightly above market, the property features a Mint Condition Rating with a professional remodel, modern kitchen, and tankless water heater. Located just a 13-minute walk from the beach, it offers a premium lifestyle with Peek-A-Boo Ocean Views and access to Top-Rated Schools like Newport Heights Elementary. This is an ideal acquisition for first-time buyers or coastal lifestyle seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Cagney Lane 205 Subject | $550,000* List Price | 1 | 1 | 561 | $989 | - |
A 101 Scholz Plaza Ph19 Sold | $525,000 | 1 | 1 | 496 | $1,058 | 0.0 mi |
B 102 Scholz Plaza 239 Sold | $649,000 | 1 | 1 | 726 | $894 | 0.0 mi |
C 101 Scholz Plaza 123 Sold | $550,000 | 1 | 1 | 726 | $758 | 0.0 mi |
D 300 Cagney 208 Sold | $625,000 | 1 | 1 | 726 | $861 | 0.0 mi |
E 300 Cagney Sold | $530,000 | 1 | 1 | 561 | $945 | - |
F 101 Scholz 225 Sold | $525,000 | 1 | 1 | 504 | $1,042 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1971, the unit has undergone a comprehensive professional remodel featuring a modern kitchen with stainless steel appliances, a remodeled bathroom, and updated systems including a newer tankless water heater. The interior is in mint, turnkey condition consistent with a high-end renovation within the last 5 years.
The property has been professionally redesigned and fully remodeled with modern finishes, stainless steel appliances, and a tankless water heater, offering a move-in-ready experience for buyers.
Ideally situated within a 13-minute walk to the beach, this condo provides excellent access to Newport Beach’s premier waterfront dining, boutiques, and coastal lifestyle amenities.
The unit maximizes its footprint through the use of pocket doors, custom built-ins, and floor-to-ceiling cabinetry, including the rare convenience of in-unit laundry hookups.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =258727, other record lot size in square feet = 500126.
At only 561 square feet, the compact size of this one-bedroom unit may limit its appeal to a smaller buyer pool and restrict furniture arrangement options.
The $585 monthly association fee is relatively high for a unit of this size, which could impact the overall affordability and monthly carrying costs for potential owners.
Welcome to this beautifully remodeled and thoughtfully designed one-bedroom condo, ideally located within approximately a 13-minute walk of the beach in desirable Newport Beach. Professionally designed to maximize every square foot, this turnkey home offers an exceptional blend of style, comfort, and functionality. The bright and airy living area flows seamlessly into the open kitchen, featuring counter lighting, floor-to-ceiling cabinetry, and newer stainless-steel appliances. A newer double-slider door opens to the private balcony, where you can enjoy a peek-a-boo ocean view and the shade of a beautiful ornate birch tree. The spacious bedroom includes a small walk-in closet with custom built-ins and mirrored doors. The remodeled bathroom features an enclosed tub with newer sliding glass shower doors. Throughout the condo, pocket doors and built-in hallway cabinetry maximize usable space while maintaining a clean, modern feel. The hallway also offers a convenient utility closet and hookups for a stackable washer and dryer. Additional features include ceiling fans with remote controls in both the living room and bedroom, a newer tankless water heater, underground gated assigned parking, and a private storage shed. Enjoy the Newport Beach lifestyle with nearby walking paths, restaurants, boutiques, waterfront dining, and some of Southern California's most beautiful beaches. Whether you're looking for a full-time residence, vacation getaway, or coastal retreat, this move-in-ready condo offers an opportunity to own your own piece of Newport Beach sunshine.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.5 |
| Square foot | 561 | 1,509.941 |
| Lot Size | 258,727 | 43,037.647 |
| Price | $550.0K | $1.35M |
| Price per sq ft | $980 | $956 |
| Built year | 1971 | 1980 |
| HOA | $585.0 | $664 |
| Days on market | 23 | 64 |
Sep 8, 2026
$550,000
$585,000
-6% Price Drop
Initial Listing
Sep 5, 2026
$585,000
$599,000
-2% Price Drop
Initial Listing
Aug 17, 2026
$599,000
Initial Listing
Apr 27, 2018
$340,000
Public Record
Mar 10, 2004
$239,000
Public Record