211 Pearl Avenue, Newport Beach, California 92662, Newport Beach, - bed, bath

home-pic
ACTIVE$3,250,000
211 Pearl Avenue, Newport Beach, California 92662
4Beds
4Baths
2,421Sqft
2,614Lot
Year Built
1981
Close
-
List price
$3.25M
Original List price
$4.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25064238
Home ConditionGood
Features
Good View: None
Deck
Patio
View-

About this home

Luxury Live Auction! Bidding to start from $3,250,000! Welcome to 211 Pearl, a charming duplex located in the heart of Balboa Island. This beautifully remodeled Cape Cod-inspired property seamlessly blends timeless character with contemporary luxury. The main house features three bedrooms and three bathrooms across two levels. The inviting ground floor includes an elevated front patio, a cozy living room with a fireplace, a dining area with an eating bar, and a modern kitchen. A bright bedroom with access to a private patio completes the first floor. Upstairs, the master suite offers a serene retreat with a walk-in closet, fireplace, vaulted beamed ceilings, and a private balcony. A second guest bedroom with an en-suite bath is also located on the upper level. The rear unit has been thoughtfully updated and includes two bedrooms and one and a half bathrooms. With open-beam ceilings and an open layout, this unit offers a full kitchen with an eating bar, dining area, stackable laundry, loft space, and a balcony. The property includes a two-car garage and tandem parking for up to four vehicles. Situated in the coveted Balboa Island neighborhood, this property provides easy access to scenic waterfront walks and the unique charm of this vibrant island community.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds44
50%
Baths44
50%
Square foot2,4212,219
80%
Lot Size2,6142,550
60%
Price$3.25M$3.45M
40%
Price per square foot$1,342$1,954
20%
Built year19811951
80%
HOA
Days on market223223
50%
Condition Rating
Good

The property, built in 1981, has been remodeled. The listing mentions a 'beautifully remodeled Cape Cod-inspired property' with a 'modern kitchen' and 'thoughtfully updated' rear unit. The images show updated kitchens and bathrooms, hardwood flooring, and modern fixtures. While not brand new, the property appears to be in good condition and move-in ready, justifying a 'good' score.
Pros & Cons

Pros

Prime Location: Located in the highly desirable Balboa Island, offering a prestigious and sought-after address.
Duplex Structure: Features a main house and a separate rear unit, providing potential for rental income or multi-generational living.
Remodeled Interiors: Both the main house and rear unit have been thoughtfully updated with modern finishes and open layouts.
Ample Parking: Includes a two-car garage and tandem parking, accommodating up to four vehicles, a valuable asset in Balboa Island.
Outdoor Living Spaces: Offers an elevated front patio, private patios, and a balcony, enhancing the living experience with outdoor areas.

Cons

Live Auction: The property is being sold via live auction, which may introduce uncertainty and pressure for potential buyers.
Price Reduction: The original list price was significantly higher, suggesting potential concerns about market value or buyer interest.
Limited View: The listing indicates 'None' for view, which may be a drawback for some buyers seeking water or scenic views in this location.

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