727 Bellis Street, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 3 bath
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Newport Beach, California 92660
This property presents a High-Potential Investment Opportunity with a List Price of $3,695,000—positioned well below the $3,732,879 Fair Market Value by 1%. This valuation gap offers $37,879 in Instant Equity. Featuring a Condition Rating of 4, the home requires a comprehensive renovation to modernize its 1964 architecture. With an oversized 10,043 sqft lot, peak ocean views, and proximity to 9/10 rated schools, this is a prime asset for Value-Add Investors or Owner-Occupants seeking to customize a luxury residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 Bellis Street Subject | $3,695,000* List Price | 4 | 3 | 2,303 | $1,621 | - |
A 2818 Catalpa Street Sold | $3,495,000 | 3 | 3 | 2,499 | $1,399 | 0.4 mi |
B 2421 Blackthorn Street Sold | $3,850,000 | 3 | 4 | 2,606 | $1,477 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the property is well-maintained but significantly dated. The kitchen features oak cabinetry and tile countertops likely exceeding 30 years in age, and the bathrooms show a mix of minor cosmetic refreshes with older structural elements like fluorescent ceiling panels. The listing agent's suggestion of a 'complete reimagining' confirms the home is a candidate for a full remodel to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10043, living area = 2303.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated in the highly coveted 'B Streets' of Eastbluff, this property offers an elite Newport Beach address within walking distance of top-rated schools like Corona Del Mar High.
Built in 1964 and marketed as a 'reimagining' opportunity, the home likely requires a substantial capital investment to update its original systems and finishes to modern luxury standards.
With a recent price increase to $3.695M for a property in need of work, the initial acquisition cost may limit the immediate equity upside for investors or developers.
Rare offering in the coveted B Streets of Eastbluff, where an exceptional setting, single-level design, and captivating peak ocean and Fashion Island views create a remarkable opportunity in Newport Beach. This 4-bedroom residence presents an ideal foundation for a thoughtful remodel or a complete reimagining, allowing the next owner to craft a home tailored to their vision and lifestyle. Expansive outdoor areas invite effortless indoor-outdoor living, with ample space for entertaining, lounging, and enjoying the coastal surroundings. With its generous lot presence, and premier location, this is a unique chance to create something extraordinary in one of Newport Beach’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-6 • 1.8 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,303 | 2,713 | 30% |
| Lot Size | 10,043 | 7,545 | 85% |
| Price | $3.69M | $4.14M | 38% |
| Price per sq ft | $1.6K | $1.5K | 66% |
| Built year | 1964 | 1970 | 30% |
| HOA | $108.0 | $375 | 32% |
| Days on market | 13 | 138 | 4% |
Jun 5, 2026
$3,695,000
Initial Listing
Jun 3, 2026
$3,595,000
Initial Listing