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101 Scholz Plaza 123, Newport Beach, California 92663, Newport Beach, 92663 - 1 bed, 1 bath

101 Scholz Plaza 123, Newport Beach, California 92663 home-pic-0
ACTIVE$689,000
101 Scholz Plaza 123, Newport Beach, California 92663
1Bed
1Bath
726Sqft
Lot
Year Built
1971
Close
-
List price
$689K
Original List price
$699K
Price/Sqft
$949
HOA
$536
Days on market
-
Sold On
-
MLS number
NP25248382
Home ConditionGood
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

We found 3 Cons,5 Pros. Rank: price - $689.0K(7th), sqft - 726(5th), beds - 1(21th), baths - 1(24th).

Motivated Seller!!! Absolutely gorgeous Versailles 1 bedroom and 1 bath condominium with numerous recent upgrades including custom wood laminate and tile flooring, custom wood cabinetries, custom molding, stone Kitchen Countertops, Newer Kitchen Sink & Appliances, Tiled Shower & Bathroom & Kitchen Floors, Custom Plumbing Hardware and Bathroom Sink, Custom Lighting Fixtures Excellent ground floor location with a view of the lush garden and sparkling fountain area. Very quiet, serene and secure location within the exclusive and secure Versailles Association. Ground floor 1 bedroom and 1 bath unit. Absolutely gorgeous interior decor. Custom paint. Nice and clean and ready to move in. Spacious one bedroom model with private patio. Best area value! Quiet and sunny north facing exposure. Great association with pool, spa, clubhouse and gym. Just a short stroll to oceanfront. Resort-like Community with Pool, Spa, Clubhouse, Sauna, Weightroom, Library, etc. etc. Short Stroll to Oceanfront.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.1mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
11/28/25
Price Change
$689,000-1.4%
10/27/25
Listing
$699,000
Condition Rating
Good
The property, built in 1971, has undergone extensive and recent upgrades, including custom wood laminate and tile flooring, updated wood cabinetry, stone kitchen countertops, newer stainless steel appliances, and modern bathroom fixtures and tiling. The interior is clean, well-maintained, and move-in ready, with no immediate renovations required. While the building's age is a factor, the unit itself reflects a significant renovation within the last 5-15 years, aligning with 'Good' condition criteria.
Pros & Cons

Pros

Extensive Recent Upgrades: The condominium boasts numerous recent upgrades including custom wood laminate and tile flooring, custom cabinetry, stone kitchen countertops, newer appliances, and updated plumbing and lighting fixtures, making it move-in ready.
Prime Coastal Location: Situated in Newport Beach, the property offers a highly desirable coastal lifestyle, being just a short stroll to the oceanfront.
Resort-like Community Amenities: The exclusive Versailles Association provides a wealth of amenities including a pool, spa, clubhouse, gym, sauna, weight room, and library, enhancing the living experience.
Desirable Ground Floor Unit: This ground floor unit offers easy access, a quiet and secure location, and a pleasant view of a lush garden and sparkling fountain area from its private patio.
Motivated Seller & Price Adjustment: The 'Motivated Seller' status, coupled with a recent price reduction, suggests a potential opportunity for buyers to negotiate a favorable deal.

Cons

Building Age: Built in 1971, the building is over 50 years old, which could lead to potential future assessments for common area maintenance or infrastructure upgrades, despite unit-specific renovations.
High Association Fee for Unit Size: The association fee of $536.0 per month is relatively high for a 1 bedroom, 1 bath, 726 sqft condominium, impacting monthly ownership costs.
Limited Living Space: As a 1 bedroom, 1 bath unit with 726 sqft, the property offers limited living space, which may not appeal to buyers seeking more room or flexibility for a home office or guests.

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