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57 Shearwater, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath

57 Shearwater, Newport Beach, California 92660 home-pic-0
ACTIVE$2,780,000$2,467/sqft
Est. Value: $2,886,215
3%
BelowEstimate
57 Shearwater, Newport Beach, California 92660
3Beds
3Baths
2,467Sqft
3,500Lot

Price Vs. Estimate

The estimated value ($2,886,215.295) is $106,215.295 (3%) higher than the list price ($2,780,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
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 = 3500, living area = 2467.

Compared to the nearby listings

Price:$2.78M vs avg $3.80M ($-1,020,000)28%
Size:2,467 sqft vs avg 2,650 sqft40%
Price/sqft:$1.1K vs avg $1.4K24%

More Insights

Built in 1986 (40 years old).
Condition: Despite being built in 1986, this property has clearly undergone extensive and high-quality recent renovations. The kitchen features premium stainless steel appliances, a six-burner stove, elegant marble countertops, and modern cabinetry, appearing virtually new. Bathrooms are also updated with modern fixtures, tiling, and vanities. The flooring, lighting, and paint throughout the home are fresh and contemporary, indicating a comprehensive renovation that meets current quality standards and requires no immediate updates.
Year Built
1986
Close
-
List price
$2.78M
Original List price
$2.78M
Price/Sqft
$1,127
HOA
$295
Days on market
-
Sold On
-
MLS number
NP26001328
Home ConditionExcellent
Features
Excellent View: Back Bay
Deck
Patio
ViewBack Bay

About this home

Elegant Coastal Retreat at 57 Shearwater Pl, Newport Beach, CA Nestled in the prestigious Bayview Terrace community, 57 Shearwater Place offers a rare blend of modern comfort and timeless elegance in the heart of Newport Beach. This beautifully designed Mediterranean-style home boasts 2,467 sq. ft. of living space, featuring 3 spacious bedrooms, 2.5 baths, and a seamless open-concept layout designed for both relaxation and entertaining. Key Features: • Spacious Living Areas – A bright and airy great room with a cozy fireplace, soaring ceilings, and large windows that fill the home with natural light. • Gourmet Kitchen – Equipped with premium stainless steel appliances, a six-burner stove, elegant stone countertops, and ample cabinetry—perfect for home chefs. • Luxurious Primary Suite – A private sanctuary featuring a spa-inspired ensuite bath, walk-in closet, and a serene terrace with stunning views of the Newport Back Bay. • Tranquil Outdoor Spaces – A charming gated courtyard and a lush backyard patio offer the perfect setting for outdoor dining and entertaining. • Premium Amenities – A two-car garage, upstairs laundry room, zoned central air conditioning, and access to community perks like a pool, playground, and gated security. Perfectly positioned just minutes from world-class dining, upscale shopping, scenic hiking trails, and Newport Beach’s iconic coastline, this home offers the best of coastal luxury and everyday convenience. Don’t miss this opportunity to own a slice of paradise in Newport Beach!

D
Daisy Dai
Listing Agent

Nearby schools

9/10
Eastbluff Elementary School
Public,•K-6•0.9mi
8/10
Mariners Elementary School
Public,•PK-6•2.5mi
7/10
Horace Ensign Intermediate School
Public,•7-8•3.5mi
9/10
Corona Del Mar High School
Public,•7-12•1.3mi
7/10
Newport Harbor High School
Public,•9-12•3.2mi

Price History

Date
Event
Price
03/25/99
Sold
$290,000
07/28/23
Sold
$2,445,000
08/15/22
Sold
$1,700,000
Condition Rating
Excellent
Despite being built in 1986, this property has clearly undergone extensive and high-quality recent renovations. The kitchen features premium stainless steel appliances, a six-burner stove, elegant marble countertops, and modern cabinetry, appearing virtually new. Bathrooms are also updated with modern fixtures, tiling, and vanities. The flooring, lighting, and paint throughout the home are fresh and contemporary, indicating a comprehensive renovation that meets current quality standards and requires no immediate updates.
Pros & Cons

Pros

Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Premier Location & Community: Nestled in the prestigious Bayview Terrace community in Newport Beach, offering proximity to world-class dining, upscale shopping, scenic trails, and the iconic coastline.
Gourmet Kitchen: Equipped with premium stainless steel appliances, a six-burner stove, elegant stone countertops, and ample cabinetry, ideal for culinary enthusiasts.
Luxurious Primary Suite with Views: A private sanctuary featuring a spa-inspired ensuite bath, walk-in closet, and a serene terrace with stunning views of the Newport Back Bay.
Extensive Community Amenities & Security: Residents enjoy access to community perks including a pool, playground, and gated security, enhancing lifestyle and peace of mind.
Modern Comforts & Open Design: Features zoned central air conditioning, a seamless open-concept layout, soaring ceilings, and large windows that fill the home with natural light.

Cons

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 = 3500, living area = 2467.
Association Fee: A monthly association fee of $295.0 adds to the recurring cost of homeownership, which some buyers may consider a drawback.
Modest Lot Size: With a lot size of 3,500 sqft, the property offers limited outdoor space compared to some other single-family homes in the luxury Newport Beach market.
Age of Property: Built in 1986, while updated, some original systems or components may be nearing the end of their expected lifespan, potentially requiring future maintenance or upgrades not explicitly detailed.
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