127 Coral Avenue, Newport Beach, California 92662, Newport Beach, - bed, bath

home-pic
ACTIVE$3,477,000
127 Coral Avenue, Newport Beach, California 92662
3Beds
2Baths
1,368Sqft
2,550Lot
Year Built
1951
Close
-
List price
$3.48M
Original List price
$3.48M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25107394
Home ConditionFair
Features
Patio
View-

About this home

Welcome to 127 Coral Avenue, in the heart of Balboa Island, this beautifully classic home is beaming with beach cottage charm. The architectural details are rich with tradition from the shingled exterior and dutch door, to the port hole windows that appoint several rooms. Raised above street level and wrapped with beautifully landscaped brick flowerbeds, this home has major curb appeal. There are three bedrooms, two bathrooms, and a spacious back patio, perfect for soaking in the ocean breeze. The living room draws you in with its cozy fireplace and painted wood vaulted ceiling. The dutch door allows ample natural light and fresh coastal air to flow. Hardwood flooring runs throughout as well as original custom millwork. The soft white plaster walls are the perfect canvas for any design scheme. The central island location offers easy walking access to shops on Marine Ave. 127 Coral Avenue is a true gem, representing quintessential Balboa Island style and impeccably move-in ready in one of Newport Beach’s most sought-after locations. Don’t miss this rare Balboa Island opportunity!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (17 Listings)
Beds33
50%
Baths23
39%
Square foot1,3682,138
28%
Lot Size2,5502,550
50%
Price$3.48M$4.2M
39%
Price per square foot$2,542$2,496.5
56%
Built year19519795983
33%
HOA
Days on market174168
61%
Condition Rating
Fair

The property, built in 1951, shows its age but appears to be well-maintained. The kitchen and bathrooms seem functional but are not recently updated. The hardwood floors and some original millwork add character, but overall, the property requires some minor updates to meet modern standards. The systems are likely aged but functional.
Pros & Cons

Pros

Prime Location: Located in the heart of Balboa Island, offering easy access to Marine Avenue shops and amenities.
Charming Architectural Details: Features classic beach cottage charm with shingled exterior, dutch door, and port hole windows.
Move-In Ready Condition: The property is impeccably maintained and ready for immediate occupancy.
Desirable Outdoor Space: Includes a spacious back patio, perfect for enjoying the coastal breeze.
Original Millwork and Hardwood Floors: Features original custom millwork and hardwood flooring throughout, adding to its character.

Cons

Year Built: Built in 1951, the property may require updates to meet modern standards.
Lot Size: The lot size is relatively small at 2550 sqft, potentially limiting outdoor expansion.
Price Point: The list price of $3,477,000 may be a barrier for some buyers, even considering the location.

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