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

57 Shearwater Place, Newport Beach, California 92660 home-pic-0
ACTIVE$2,980,000
57 Shearwater Place, Newport Beach, California 92660
3Beds
3Baths
2,467Sqft
3,500Lot

Price Vs. Estimate

The estimated value ($2,849,971.555) is $130,028.445 (4%) lower than the list price ($2,980,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Prestigious Community: Nestled in the prestigious Bayview Terrace community, the property offers unparalleled access to Newport Beach's world-class dining, shopping, and iconic coastline.
Top Cons:
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, which may indicate extended market time or initial overpricing.

Compared to the nearby listings

Price:$2.98M vs avg $3.84M ($-861,500)30%
Size:2,467 sqft vs avg 2,666 sqft39%
Price/sqft:$1.2K vs avg $1.4K34%

More Insights

Built in 1986 (39 years old).
Condition: The property, built in 1986, features a beautifully updated gourmet kitchen with premium stainless steel appliances, stone countertops, and modern cabinetry, which aligns with recent renovations. However, the primary bathroom shows signs of being outdated with its vanity countertop, strip lighting, and notably, patterned carpet, which is an unusual and dated choice for a bathroom. While the home is well-maintained and move-in ready, these elements, along with the specific patterned carpet throughout the upstairs, suggest that minor updates would be required to achieve a consistent modern aesthetic throughout the entire property, preventing it from reaching a 'Good' or 'Excellent' rating.
Year Built
1986
Close
-
List price
$2.98M
Original List price
$3.28M
Price/Sqft
$1,208
HOA
$295
Days on market
-
Sold On
-
MLS number
NP25043884
Home ConditionFair
Features
Excellent View: Back Bay
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!

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
Condition Rating
Fair
The property, built in 1986, features a beautifully updated gourmet kitchen with premium stainless steel appliances, stone countertops, and modern cabinetry, which aligns with recent renovations. However, the primary bathroom shows signs of being outdated with its vanity countertop, strip lighting, and notably, patterned carpet, which is an unusual and dated choice for a bathroom. While the home is well-maintained and move-in ready, these elements, along with the specific patterned carpet throughout the upstairs, suggest that minor updates would be required to achieve a consistent modern aesthetic throughout the entire property, preventing it from reaching a 'Good' or 'Excellent' rating.
Pros & Cons

Pros

Prime Location & Prestigious Community: Nestled in the prestigious Bayview Terrace community, the property offers unparalleled access to Newport Beach's world-class dining, shopping, and iconic coastline.
Stunning Back Bay Views: The luxurious primary suite features a private terrace with serene and stunning views of the Newport Back Bay, enhancing the property's appeal.
Updated Gourmet Kitchen: The home boasts a gourmet kitchen equipped with premium stainless steel appliances, a six-burner stove, and elegant stone countertops, ideal for culinary enthusiasts.
Spacious & Open Concept Living: Designed with a seamless open-concept layout, the bright and airy great room features soaring ceilings and large windows, perfect for relaxation and entertaining.
Desirable Amenities & Community Perks: Includes modern conveniences like zoned central air conditioning, a two-car garage, upstairs laundry, and access to community amenities such as a pool, playground, and gated security.

Cons

Recent Price Reduction: The property has undergone a significant price reduction from its original list price, which may indicate extended market time or initial overpricing.
Age of Construction: Built in 1986, while described as having 'timeless elegance,' some components or systems may be original and could require future maintenance or updates compared to newer builds.
Monthly HOA Fees: Prospective buyers will incur a monthly association fee of $295, an additional ongoing cost to consider in the overall budget.

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