
Newport Beach, California 92660
This Bayfront Condominium represents a High-Potential Investment Opportunity, listed at $3,095,000—positioned above the $2,792,051 Fair Market Value. While the price reflects a premium for its Prime Bayfront Location and Panoramic Water Views, the property maintains a Condition Rating of 4, indicating a need for a full aesthetic and systems overhaul. The residence offers a rare Direct-Access Two-Car Garage and access to a Resort-Style Bayfront Pool. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier waterfront asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 981 Bayside Cove 405 Subject | $3,095,000* List Price | 3 | 2 | 1,763 | $1,584 | - |
A 1061 Granville Sold | $2,800,000 | 2 | 2 | 2,159 | $1,297 | 0.8 mi |
B 994 Bayside Active | $2,375,000 List Price | 2 | 3 | 1,515 | $1,568 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the property is nearly 50 years old and remains largely in original condition. While the listing mentions new paint and carpet, the kitchen and bathrooms (notably the pink tile and gold-framed shower) are significantly dated and exceed the 30-year threshold for modern updates. It is functional and move-in ready but requires a full aesthetic and systems overhaul.
This rare corner-position residence sits directly on the water, offering sweeping panoramic views of the bay, harbor, and city lights from a highly desirable vantage point.
As a main-level unit with a direct-access two-car garage, the property provides a level of convenience and ease of entry that is seldom found in premium bayfront condominiums.
Located within a quiet gated community, residents enjoy exclusive access to a recently renovated bayfront pool that rivals luxury resort facilities.
Despite new paint and carpet, the 1975 construction suggests that the kitchen and bathrooms likely require further modernization to meet contemporary luxury standards.
The monthly association fee of $949 is a significant recurring expense that potential buyers must consider within their overall ownership budget.
Rarely does a true bayfront come available in Bayside Cove, and almost never on the main level. Set inside the gates of one of Newport Beach's quietest bayfront communities at the entrance to Balboa Island, this corner-position three bedroom, two bath residence sits directly on the water with sweeping views. The kitchen and dining room open into the family room, which opens again to a deck built for sunsets and easy waterfront living. A direct access two car garage places you steps from your own front door, a rare convenience on the main level. New paint and new carpet throughout allow the next owner to move in comfortably and update on their own timeline and to their own taste. Residents enjoy a recently redone bayfront pool set directly on the water that rivals anything found at a resort. Homes on the water in Bayside Cove trade quietly and infrequently. This one deserves to be seen in person.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades K-6 • 1.8 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.1 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,763 | 1,509.941 |
| Lot Size | - | 43,037.647 |
| Price | $3.10M | $1.35M |
| Price per sq ft | $1.8K | $956 |
| Built year | 1975 | 1980 |
| HOA | $949.0 | $664 |
| Days on market | 28 | 64 |
Aug 12, 2026
$3,095,000
Initial Listing