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613 36th Street, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 3 bath

613 36th Street, Newport Beach, California 92663 home-pic-0
ACTIVE$6,150,000
613 36th Street, Newport Beach, California 92663
4Beds
3Baths
2,776Sqft
3,000Lot

Price Vs. Estimate

The estimated value ($6,150,000) is $0 (0%) lower than the list price ($6,150,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary 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 = 3000, living area = 2776.

Compared to the nearby listings

Price:$6.15M vs avg $4.45M (+$1,700,000)77%
Size:2,776 sqft vs avg 2,456 sqft60%
Price/sqft:$2.2K vs avg $1.8K67%

More Insights

Built in 1948 (77 years old).
Condition: While the kitchen and visible living areas have undergone recent, high-quality cosmetic renovations with modern appliances, quartz countertops, and updated flooring/lighting, the property was built in 1948. The listing description explicitly mentions the option to 'live in the existing home or rebuild' and the property analysis highlights 'Age of Structure & Potential Obsolescence' and 'Implied Need for Substantial Capital Investment' as weaknesses. This indicates that despite the excellent cosmetic updates, the underlying structure and major systems are likely outdated and may require substantial future investment or a complete rebuild, preventing an overall 'Good' or 'Excellent' rating.
Year Built
1948
Close
-
List price
$6.15M
Original List price
$6.38M
Price/Sqft
$2,215
HOA
-
Days on market
-
Sold On
-
MLS number
NP25227884
Home ConditionFair
Features
Excellent View: Bay, Canal, Coastline, Panoramic, Water
Deck
ViewBay, Canal, Coastline, Panoramic, Water

About this home

Nestled in one of the most coveted locations on the Newport channels, 613 36th Street offers a rare opportunity to own a waterfront home with unparalleled views. This property is situated in the widest part of the channel, providing unobstructed, panoramic water vistas and direct access to open waters, perfect for boating enthusiasts. The residence features four spacious bedrooms and three bathrooms, spread across 2,776 square feet of living space. Built in 1948, the home includes a charming main house with four bedrooms and three bathrooms, as well as separate guest quarters with a fully equipped kitchen, ensuring privacy and convenience for your visitors. A private dock capable of accommodating larger vessels enhances the property's appeal, offering easy navigation for your boat. Whether you choose to live in the existing home or rebuild, this location and the breathtaking views it provides are unmatched anywhere else on the Newport channels. Take advantage of this extraordinary chance to embrace a waterfront lifestyle at 613 36th Street.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.0mi
9/10
Newport Elementary School
Public,•PK-6•1.1mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi
Condition Rating
Fair
While the kitchen and visible living areas have undergone recent, high-quality cosmetic renovations with modern appliances, quartz countertops, and updated flooring/lighting, the property was built in 1948. The listing description explicitly mentions the option to 'live in the existing home or rebuild' and the property analysis highlights 'Age of Structure & Potential Obsolescence' and 'Implied Need for Substantial Capital Investment' as weaknesses. This indicates that despite the excellent cosmetic updates, the underlying structure and major systems are likely outdated and may require substantial future investment or a complete rebuild, preventing an overall 'Good' or 'Excellent' rating.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Unparalleled Waterfront Location: Situated in one of the most coveted locations on the Newport channels, offering unobstructed, panoramic water vistas from the widest part of the channel.
Direct Ocean Access & Boating Amenities: Provides direct access to open waters and includes a private dock capable of accommodating larger vessels, ideal for boating enthusiasts.
High Investment/Rebuild Potential: The prime location and views are unmatched, offering significant potential for a custom rebuild to maximize the property's value and appeal.
Separate Guest Quarters: Features independent guest quarters with a fully equipped kitchen, providing privacy and convenience for visitors or potential rental income.
Desirable Newport Beach Address: Located in the prestigious Lido Peninsula subdivision of Newport Beach, a highly sought-after area known for its luxury waterfront living.

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 = 3000, living area = 2776.
Age of Structure & Potential Obsolescence: Built in 1948, the existing home may require significant modernization or could be considered a tear-down by buyers looking to build a contemporary luxury residence.
Implied Need for Substantial Capital Investment: The explicit mention of a 'rebuild' option suggests that the current structure may not fully align with the value of the land, implying considerable additional investment for renovation or new construction.
Ongoing Maintenance for Older Waterfront Property: An older home in a waterfront environment can incur higher maintenance costs due to age-related wear and exposure to marine elements, which may not be immediately evident.

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