57 Shearwater, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath
57 Shearwater
Newport Beach, California 92660
Property Price
SUMMARY
Analysis of 57 Shearwater, Newport Beach, California 92660 reveals a Prime Investment Opportunity with a current list price of $2,780,000—significantly undercutting the $2,876,836 Fair Market Value by 3%. This valuation gap indicates a +$96,836 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 57 Shearwater Subject | $2,780,000* List Price | 3 | 3 | 2,467 | $1,166 | - |
A 3167 Corte Portofino Sold | $2,775,000 | 4 | 3 | 2,432 | $1,141 | 0.6 mi |
B 3113 Corte Linda Sold | $2,907,770 | 4 | 3 | 2,272 | $1,280 | 0.7 mi |
C 3121 Corte Linda Sold | $3,075,000 | 4 | 3 | 2,432 | $1,264 | 0.7 mi |
D 2987 Quedada Sold | $2,800,000 | 5 | 4 | 2,555 | $1,096 | 0.6 mi |
E 43 Gannet Lane Active | $2,398,000 List Price | 3 | 3 | 1,781 | $1,346 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1986, the property has undergone a comprehensive, high-end renovation within the last few years, as evidenced by the significant appreciation in its 2023 sales history and the modern interior descriptions. The home features a gourmet kitchen with premium stainless steel appliances and a six-burner stove, spa-inspired bathrooms, stone countertops, and updated systems including zoned central air conditioning. The finishes, including the flooring and fixtures, reflect current luxury standards with no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Location & Views
Situated in the prestigious Bayview Terrace with stunning views of the Newport Back Bay, offering a high-end coastal lifestyle near world-class dining and shopping.
- Gourmet Kitchen
Features a high-end chef's kitchen equipped with a six-burner stove, premium stainless steel appliances, and elegant stone countertops, perfect for entertaining.
CONSRISKS & DEFICIENCIES
- 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.
- Limited Lot Size
With a lot size of approximately 3,500 sq. ft., the outdoor space is relatively compact, which may limit gardening or large-scale outdoor recreation.
- HOA Fees & Restrictions
The property is subject to monthly association fees and community regulations, which add to the carrying costs and may restrict certain exterior modifications.
About 57 Shearwater
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $295.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Eastbluff Elementary School
Grades K-6 • 0.9 mi
Mariners Elementary School
Grades PK-6 • 2.5 mi
Horace Ensign Intermediate School
Grades 7-8 • 3.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,467 | 2,623 | 38% |
| Lot Size | 3,500 | 7,475 | 13% |
| Price | $2.78M | $3.85M | 24% |
| Price per sq ft | $1.1K | $1.4K | 23% |
| Built year | 1986 | 1970 | 72% |
| HOA | $295.0 | $375 | 48% |
| Days on market | 63 | 158 | 18% |
Pricing History
Listed for Sale
Jan 3, 2026
$2,780,000
Initial Listing
Sold
Jul 28, 2023
$2,445,000
Public Record
Sold
Aug 15, 2022
$1,700,000
Public Record
Sold
Mar 25, 1999
$290,000
Public Record