51 Beacon, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 5 bath
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51 Beacon
Newport Beach, California 92660
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
2,502Sq Ft
4,388Lot Size
Property Price
LIST PRICE$3,850,000
EST. MARKET VALUE
$3,556,508
8% AboveMARKET VALUE
SUMMARY
This Turnkey Coastal Residence in Beacon Bay represents a Strong Value Opportunity, listed at $3,850,000—positioned well above the $3,556,508 Fair Market Value. While the property carries a premium, its Mint Condition Rating and recent high-end renovations provide immediate lifestyle value. Featuring a 3-bedroom main residence plus an attached 1-bedroom ADU, the home offers exceptional flexibility for multi-generational living. Located near top-rated schools like Corona Del Mar High, this property is an ideal sanctuary for sophisticated homeowners or multi-generational families seeking a move-in-ready coastal lifestyle.
Estimated Market Value
$3,556,508
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a high-end recent renovation, featuring a modern kitchen with white cabinetry and stone countertops, and bathrooms with contemporary fixtures, subway tiling, and glass enclosures. The interior shows mint condition with new flooring and recessed lighting, qualifying it as a recent renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Corona Del Mar High School (9/10).
- Dual-Living Configuration
The property features a recently renovated 3-bedroom main residence plus an attached 1-bedroom, 1-bathroom ADU, offering exceptional flexibility for multi-generational living or potential rental income.
- Premium Community Amenities
Located in the exclusive Beacon Bay, residents enjoy high-end coastal lifestyle perks including private beaches, boat slips, tennis and pickleball courts, and direct marina access.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Land Lease Ownership
The property is subject to a 50-year land lease with the City of Newport Beach with no buyout option, which may complicate financing and impact long-term equity compared to fee-simple ownership.
- High Ongoing Carrying Costs
Beyond the purchase price, the buyer is responsible for a significant annual lease payment starting at 2.5% of the purchase price plus annual CPI adjustments and association fees.
About 51 Beacon
Welcome to Beacon Bay, one of Newport Beach’s most beloved waterfront communities. The main residence is recently renovated and features 3 bedrooms and 3 baths, plus a powder bath. An upgraded kitchen, living room with fireplace, and a dining area complete the interior of the home. Additionally, the property includes an attached 1-bedroom, 1-bath ADU unit. Perfectly positioned along the wide grass estrada, the home enjoys a prime central location with peek-a-boo views from the front porch. Established in 1927, Beacon Bay offers an exceptional coastal lifestyle with expansive beaches, docks and boat slips (upon availability), lush grass estradas, tennis and pickleball courts, a play park, and direct access to the Balboa Yacht Basin marina and the iconic Eddie’s Galley diner. With its distinctive layout, generous lot sizes near the water, parks, and open green spaces, Beacon Bay is unlike any other neighborhood in Newport Beach. All properties in Beacon Bay are subject to a 50-year land lease with the City of Newport Beach. There is no land buyout option. The annual lease payment is 2.5% of the purchase price, adjusted annually based on the CPI.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 4,388 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $3450.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.2 mi
8/10
Abraham Lincoln Elementary School
Grades K-6 • 2.3 mi
7/10
Horace Ensign Intermediate School
Grades 7-8 • 1.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 3.5 |
| Square foot | 2,502 | 2,652.074 |
| Lot Size | 4,388 | 6,056.485 |
| Price | $3.85M | $4.19M |
| Price per sq ft | $1.5K | $1.6K |
| Built year | 1941 | 1972 |
| HOA | $3450.0 | $463 |
| Days on market | 11 | 70 |
Pricing History
Listed for Sale
Oct 14, 2026
$3,850,000
Initial Listing