613 E Balboa Boulevard A, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 3 bath
ACTIVE$2,400,000
613 E Balboa Boulevard A, Newport Beach, California 92661
3Beds
3Baths
1,877Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Unbeatable Coastal Location: Nestled directly between the ocean and the bay on the highly desirable Balboa Peninsula in Newport Beach, offering prime coastal living.
Top Cons:
Condominium Structure: As a condominium, the property may involve shared walls and common areas, potentially offering less privacy compared to a single-family home.
Compared to the nearby listings
Price:$2.40M vs avg $2.93M ($-527,500)50%
Size:1,877 sqft vs avg 1,804.5 sqft50%
Price/sqft:$1.3K vs avg $1.6K25%
More Insights
Built in 1989 (36 years old).
Condition: Built in 1989, this property is well-maintained and clean, but the kitchen and bathrooms show signs of being outdated. The kitchen features dated light wood cabinets and granite countertops, though it benefits from updated stainless steel appliances. Bathrooms also present older style vanities and light fixtures. While functional and move-in ready, the aesthetic of these key areas suggests a renovation that occurred 15-25 years ago, aligning with the 'Fair' category's criteria for properties built over 20 years ago with renovations between 15-30 years ago, where major components are functional but show signs of being outdated.
Year Built
1989
Close
-
List price
$2.4M
Original List price
$2.8M
Price/Sqft
$1,279
HOA
-
Days on market
-
Sold On
-
MLS number
24384785
Home ConditionFair
Features
Good View: Harbor
ViewHarbor
About this home
Amazing Beach House that is 3 bedrooms, 3 bathrooms, 1877 sq ft which sits at the second level and was built in 1989. It is nestled between the ocean and the bay and is across the street from the fun zone, restaurants, the boardwalk and the pier. Great area to live, vacation to or use as a rental which it has a short term rental permit. It is in a common HOA but with no monthly or yearly dues. It also has a two car tandem garage.
Condition Rating
Fair
Built in 1989, this property is well-maintained and clean, but the kitchen and bathrooms show signs of being outdated. The kitchen features dated light wood cabinets and granite countertops, though it benefits from updated stainless steel appliances. Bathrooms also present older style vanities and light fixtures. While functional and move-in ready, the aesthetic of these key areas suggests a renovation that occurred 15-25 years ago, aligning with the 'Fair' category's criteria for properties built over 20 years ago with renovations between 15-30 years ago, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Unbeatable Coastal Location: Nestled directly between the ocean and the bay on the highly desirable Balboa Peninsula in Newport Beach, offering prime coastal living.
High Income Potential: The property boasts a short-term rental permit, making it an excellent investment opportunity for vacation rentals in a sought-after area.
Exceptional Walkability & Amenities: Located directly across the street from the Fun Zone, restaurants, boardwalk, and the pier, providing immediate access to entertainment and dining.
Zero HOA Dues: Despite being a condominium, the property benefits from a common HOA with no monthly or yearly dues, offering significant cost savings.
Dedicated Parking & Harbor View: Includes a valuable two-car tandem garage in a dense beach area and offers desirable harbor views, enhancing its appeal and functionality.
Cons
Condominium Structure: As a condominium, the property may involve shared walls and common areas, potentially offering less privacy compared to a single-family home.
Property Age: Built in 1989, the property is not new construction and may require updates to systems, finishes, or appliances to meet modern buyer expectations.
Significant Price Reduction: The current list price of $2.4M is a notable reduction from the original list price of $2.8M, which could raise questions about initial overpricing or market perception.