505 29th, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 4 bath
505 29th
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 505 29th, Newport Beach, California 92663 is currently available with a list price of $3,299,000. 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.
Built in 1983, this property is 41 years old. While some areas like the main kitchen (white cabinets, granite counters, modern fridge) and certain living spaces with updated light fixtures and hardwood floors show signs of renovation, other areas, particularly the second kitchen (white appliances, dated backsplash, wallpaper border) and some bathrooms (pedestal sinks, classic tile patterns), appear significantly older and dated. The exterior courtyard also shows peeling paint, indicating some deferred maintenance. The listing description notes 'no comprehensive recent renovations are detailed' and suggests 'potential for updates to major systems (e.g., HVAC, plumbing, electrical)'. This aligns with the 'Fair' category, indicating the home is aged but maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Situated in the highly desirable 'Heart of Newport Beach’s historic Cannery Village' and the N8 - West Newport - Lido area, offering unparalleled access to coastal amenities and lifestyle.
- Exceptional Versatility
Features three distinct living areas, providing a unique opportunity for a family compound or a savvy live/rent investment, catering to diverse buyer needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3949, other record living area = 2886. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2474, living area = 3949.
- Age of Property / Potential for Updates
Built in 1983, the property may require significant updates to major systems (e.g., HVAC, plumbing, electrical) or interior finishes to meet contemporary buyer expectations, as no comprehensive recent renovations are detailed.
About 505 29th
A Cannery Village Original: 3 Living Spaces, 1 Incredible Opportunity Whether you’re looking for a family compound or a savvy live/rent opportunity. Discover a rare architectural gem in the heart of Newport Beach’s historic Cannery Village. This Victorian-inspired residence offers a 4-bedroom, 3.5-bathroom floor plan defined by character and a "New York loft" soul. The home’s unique footprint features three distinct living areas seamlessly unified by a stunning interior brick courtyard. Step inside to find soaring high ceilings, hardwood floors, and a dramatic spiral staircase leading to a private roof deck with ocean and harbor views. With street-to-street access and a coveted 2-car garage, this home perfectly balances old-world allure with modern coastal convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 2,474 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 0.6 mi
Newport Elementary School
Grades PK-6 • 0.7 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,949 | 2,609.5 | 76% |
| Lot Size | 2,474 | 4,425.5 | 17% |
| Price | $3.30M | $4.42M | 30% |
| Price per sq ft | $835 | $1.8K | 4% |
| Built year | 1983 | 1963 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 219 | 6% |
Pricing History
Listed for Sale
Feb 4, 2026
$3,299,000
Initial Listing
Sold
May 1, 2006
$1,950,000
Public Record