517 Gorgonia, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 2 bath
517 Gorgonia
Newport Beach, California 92660
Property Price
SUMMARY
Analysis of 517 Gorgonia, Newport Beach, California 92660 is currently available with a list price of $1,900,000. 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.
The property is in well-maintained original condition dating back to its 1968 construction. While it features high-quality architectural elements like vaulted exposed wood ceilings and a spacious layout, the kitchen and bathrooms are significantly outdated with older appliances, cabinetry, and fixtures. The presence of older carpeting and original finishes throughout indicates that while the home is functional and clean, it has not undergone the major renovations required to meet modern 'Good' or 'Excellent' standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Location and Schools
Situated in the highly sought-after Bluffs neighborhood, the property is within walking distance to top-tier schools like Corona Del Mar High and Eastbluff Elementary, as well as the scenic Newport Back Bay trails.
- Architectural Character
The home features desirable vaulted exposed wood ceilings and a functional 'Linda' floor plan that provides excellent privacy with a split-bedroom layout and extensive built-in storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1642, other record living area = 1548.
- Original Condition
The home is in 'well-maintained original condition' from 1968, likely requiring a significant additional investment in modern upgrades and renovations to meet current luxury standards.
- High Carrying Costs
With a monthly association fee of $677, the ongoing maintenance costs are relatively high, which may impact the overall affordability for some buyers.
About 517 Gorgonia
Welcome to The Bluffs neighborhood in Eastbluff in Newport Beach. This Bluffs original Linda plan has 2 bedrooms and 2 baths with a den that is easily converted back to a third bedroom. This floorplan plan is designed for ultimate privacy with separation between the main bedroom ensuite and the two bedrooms and bath on the other side of the home. You can never have enough storage, and this home has extensive storage with a long hallway of cabinets and large coat closet. The kitchen opens to the living room and dining room which have vaulted exposed wood ceilings - casual and elegant. It is truly California living with abundant windows and easy access to a very large and sunny back patio wrapping around the side of the house. Breakfast on the patio in the morning sun enjoys a lovely view of the green belt and mature trees. The property is in well maintained original condition in a great location with unusually generous outdoor space. The Bluffs neighborhood is known for its amazing gardens and miles of greenbelts wrapped around Newport’s Back Bay and Wildlife Sanctuary. The well-appointed shopping center and award-winning schools are within easy walking distance.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1968
- Lot Size
- 2,337 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $677.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Eastbluff Elementary School
Grades K-6 • 0.2 mi
Mariners Elementary School
Grades PK-6 • 1.5 mi
Abraham Lincoln Elementary School
Grades K-6 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,642 | 1,649 | 45% |
| Lot Size | 2,337 | 2,337 | 50% |
| Price | $1.90M | $1.73M | 55% |
| Price per sq ft | $1.2K | $1.1K | 64% |
| Built year | 1968 | 1979 | 36% |
| HOA | $677.0 | $595 | 73% |
| Days on market | 17 | 176 | 9% |
Pricing History
Listed for Sale
Feb 18, 2026
$1,900,000
Initial Listing
Sold
May 30, 2003
$577,000
Public Record
Sold
Apr 12, 2002
$480,000
Public Record
Sold
Apr 6, 2000
$395,000
Public Record