950 Cagney Lane 201, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath
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950 Cagney Lane 201
Newport Beach, California 92663
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,297Sq Ft
18,208Lot Size
Property Price
LIST PRICE$1,075,000
EST. MARKET VALUE
$1,075,000
SUMMARY
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,250,000—positioned slightly above the $1,218,042 Fair Market Value. While the price reflects a premium, the property maintains a Good Condition Rating with significant 2024 mechanical upgrades, including a new HVAC system and high-end Viking appliances. Residents enjoy a resort-style lifestyle with pools, spas, and pickleball courts. Located within the Newport Mesa Unified district, this home is an ideal fit for lifestyle-focused professionals or coastal-seeking owner-occupants desiring a move-in ready sanctuary.
Estimated Market Value
$1,075,000
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 950 Cagney Lane 201 Subject | $1,075,000* List Price | 2 | 2 | 1,297 | $829 | - |
A 101 Scholz Plaza Ph 16 Sold | $1,100,000 | 2 | 2 | 1,231 | $894 | 0.1 mi |
B 101 Scholz Plaza Ph18 Sold | $1,150,000 | 2 | 2 | 1,231 | $934 | 0.1 mi |
C 811 W 15th 2b Sold | $1,317,500 | 2 | 3 | 1,462 | $901 | 0.3 mi |
D 307 Columbia Sold | $1,250,000 | 2 | 2 | 1,170 | $1,068 | 0.4 mi |
E 24 Seascape Sold | $970,000 | 2 | 3 | 1,189 | $816 | 0.2 mi |
F 102 Scholz Plaza 34 Sold | $979,000 | 2 | 2 | 1,155 | $848 | 0.1 mi |
G 280 Cagney Lane 115 Sold | $810,000 | 1 | 1 | 969 | $836 | 0.1 mi |
H 220 Nice Lane 215 Sold | $910,000 | 1 | 1 | 915 | $995 | 0.0 mi |
I 230 Lille 102 Active | $849,500 List Price | 1 | 1 | 975 | $871 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 1983, it is well-maintained and move-in ready with significant recent updates. Key highlights include a brand-new HVAC system installed in 2024 and a kitchen featuring high-end Viking appliances, a new refrigerator, and a new dishwasher. The interior features plantation shutters and updated stone flooring in the kitchen, placing it firmly in the 'Good' category despite the age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Villa Balboa community offers an extensive amenity package including two pools, spas, tennis and pickleball courts, and a fitness center, providing a high-end coastal lifestyle.
- Recent Mechanical Upgrades
The residence features a brand-new HVAC system installed in 2024 and premium kitchen appliances, including a Viking gas range, offering immediate value and reduced maintenance concerns.
- Prime Corner-Unit Layout
As a corner unit, this home benefits from increased natural light and enhanced privacy, further complemented by two designated parking spaces and additional storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly Carrying Costs
The association fee of $919.14 per month is significant and may impact the overall affordability and appeal for budget-conscious buyers.
- Lack of Scenic Views
Despite its premium Newport Beach location, the property is listed as having no view, which may be a drawback for buyers seeking the coastal or city vistas typical of the area.
About 950 Cagney Lane 201
Welcome to Villa Balboa, a gated community where residents enjoy access to an impressive collection of amenities including 2 pools and spas, a tennis court, 3 pickleball courts, fitness center, a clubhouse with a separate conference room and barbeque area, secure gated entry, and access gates to Sunset Park. This well-maintained 2 bedroom, 2 bathroom, beautifully positioned corner-unit residence includes 2-car garage parking, HVAC system installed in 2024, fireplace and an individual laundry room. The light-filled layout features plantation shutters throughout and a private balcony includes a gas hookup line, ideal for outdoor grilling and entertaining. The kitchen is equipped with stainless steel appliances including a Viking gas range, GE Profile microwave, brand-new Frigidaire refrigerator and dishwasher, plus a Kenmore stackable washer and dryer in the separate laundry room/pantry area. Ideally located between two community pools and spas; and just moments from the beach, Sunset Ridge Park, and the vibrant dining and shopping of the Newport Peninsula. An opportunity to enjoy coastal Newport Beach living in one of the area’s most desirable gated communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 18,208 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $919.14 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.4 mi
8/10
Horace Ensign Intermediate School
Grades 7-8 • 1.1 mi
7/10
Newport Harbor High School
Grades 9-12 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,297 | 1,509.941 |
| Lot Size | 18,208 | 43,037.647 |
| Price | $1.07M | $1.35M |
| Price per sq ft | $829 | $956 |
| Built year | 1983 | 1980 |
| HOA | $919.14 | $664 |
| Days on market | 117 | 64 |
Pricing History
Listed for Sale
Aug 29, 2026
$1,075,000
$1,149,900
-7% Price Drop
Initial Listing
Price Change
Jun 11, 2026
$1,149,900
$1,250,000
-8% Price Drop
Initial Listing
Price Change
May 16, 2026
$1,250,000
Initial Listing
Sold
Sep 30, 2005
$765,000
Public Record
Sold
May 11, 2004
$655,000
Public Record
Sold
Jun 25, 1999
$252,500
Public Record
Sold
Jan 17, 1997
$175,000
Public Record