100 Scholz Plaza 205, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$750,000
100 Scholz Plaza 205, Newport Beach, California 92663
1Bed
1Bath
565Sqft
Lot
Year Built
1971
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
$504.53
Days on market
-
Sold On
-
MLS number
SR25144358
Home ConditionExcellent
Features
Good View: Courtyard
Deck
Pool
Spa
ViewCourtyard

About this home

Welcome to your dream home in Newport Beach's resort-style gated community. This newly remodeled gem is ideally situated for quintessential Newport Beach living, just a short stroll away from the beach, restaurants, Lido Village, 17th Street, art and culture, world-class surfing, fishing, swimming, and aquatic sports activities. Here, you'll enjoy endless entertainment options, from annual festivals, tournaments, shows, and boat parades. As you step inside, you'll be greeted by an open floor plan with abundant lighting, high-end designer touches, brand new tile floors, new European cabinetry, and modern hardware. The living room is the heart of the living space and leads to a private balcony with fresh ocean breezes, perfect for entertaining guests or just relaxing with your favorite drink. The community of Versailles is known for its resort-style living, boasting highly secure buildings, a large swimming pool, Jacuzzi, a beautiful clubhouse, fitness room, gated underground parking, an elevator, and extra storage. The HOA pays for water, trash, and sewer, so you can relax and enjoy all the amenities without worrying about the details. The property also features SMART HOME technology, allowing you to control the lighting with a simple smartphone app, as well as Wi-Fi connectivity for the washer/dryer for easy operation and maintenance. For those looking for an investment opportunity, this is where resort-style living meets lucrative investment potential. This newly remodeled gem is not just a residence; it's a smart financial move. Ideally situated near the beach and Hoag Hospital, this property has proven itself as an exceptional investment, consistently generating high rental income. Don't miss out on this fantastic opportunity. Schedule a viewing today! Notably, this property is being offered for sale fully furnished, including all furniture and furnishings showcased in the listing photos. The thoughtfully curated interior design enhances the overall appeal of the home, providing a turnkey solution for the new homeowner or investor.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.1mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (38 Listings)
Beds12
26%
Baths12
28%
Square foot5651,310
3%
Lot Size0103,811
Price$750K$1.1M
10%
Price per square foot$1,327$865
87%
Built year19711979
21%
HOA$504.53$600
23%
Days on market131161
33%
Condition Rating
Excellent

The listing explicitly states the property is newly remodeled. The images confirm this, showcasing a modern kitchen with stainless steel appliances, new European cabinetry, and updated hardware. The bathroom also appears to be fully renovated with modern fixtures. The new tile floors and smart home technology further support an 'excellent' condition score.
Pros & Cons

Pros

Prime Location: Located in Newport Beach, close to the beach, restaurants, Lido Village, and other attractions, offering a desirable lifestyle.
Resort-Style Amenities: The Versailles community offers a swimming pool, Jacuzzi, clubhouse, fitness room, gated underground parking, elevator, and extra storage.
Newly Remodeled: The unit has been recently remodeled with high-end designer touches, new tile floors, European cabinetry, and modern hardware.
Smart Home Technology: Features smart home technology, including smartphone-controlled lighting and Wi-Fi connectivity for the washer/dryer.
Investment Potential: The property has a proven track record of generating high rental income, making it a lucrative investment opportunity, especially being close to Hoag Hospital.

Cons

Small Square Footage: At 565 sqft, the unit is relatively small, which may not appeal to all buyers.
HOA Fees: The monthly HOA fee is $504.53, which could be a deterrent for some buyers, despite covering water, trash, and sewer.
Limited Bedrooms/Bathrooms: Only having 1 bedroom and 1 bathroom may limit the appeal to families or those needing more space.

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