220 Apolena Avenue, Newport Beach, California 92662, Newport Beach, - bed, bath

home-pic
ACTIVE$3,550,000
220 Apolena Avenue, Newport Beach, California 92662
4Beds
4Baths
2,021Sqft
2,550Lot
Year Built
1958
Close
-
List price
$3.55M
Original List price
$3.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP24245616
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

This is a quintessential Balboa Island two story cottage home, located on popular Apolena Avenue. It is within walking distance to all that Balboa Island has to offer: the village, the bay, and the ocean. This home is full of charm and yet totally functional for today's living, perfect for raising your family or making vacation memories. The home has a wonderful lower-level office room and/or separate office/guest room that looks onto a serene patio. The generous and naturally lit kitchen , just off the interior patio, is convenient for entertaining or absorbing some Vitamin D, while coffee is brewing. For those times you feel social, there is a beautiful front patio, you can sit and greet neighbors and passersby. There is a charming living area with fireplace for that ambience! Sit in your favorite chair and enjoy this life of abundance! This is a must see! Well maintained and updated over the years.

Price History

Date
Event
Price
08/27/25
Price Change
$3,550,000
12/06/24
Listing
$3,800,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (17 Listings)
Beds43
67%
Baths43
61%
Square foot2,0212,161
50%
Lot Size2,5502,550
50%
Price$3.55M$4.2M
44%
Price per square foot$1,757$2,386.5
28%
Built year19589795983
44%
HOA
Days on market333167
94%
Condition Rating
Fair

The property, built in 1958, has been well-maintained and updated over the years as per the description. However, the visual evidence from the images suggests that the most significant updates to the kitchen and bathrooms were likely completed 15-25 years ago. The kitchen features white appliances, traditional white cabinets, and speckled countertops/backsplash, which are functional but aesthetically dated. Similarly, the bathrooms have traditional wood vanities, speckled granite countertops, and neutral tiled showers/tubs that, while clean and functional, are not contemporary. Flooring is a mix of dated tile and carpet. While the home is move-in ready and appears to have no immediate repairs needed, its major components show signs of being outdated, aligning with the 'Fair' condition criteria for a property built over 20 years ago with renovations between 15-30 years ago.
Pros & Cons

Pros

Premier Balboa Island Location: Situated on popular Apolena Avenue, offering unparalleled walkability to Balboa Island's village, bay, and ocean, a highly desirable lifestyle attribute.
Classic Charm with Modern Functionality: A quintessential Balboa Island cottage home that retains its charming character while being updated for contemporary living and family or vacation use.
Meticulously Maintained: The property has been well-maintained and updated over the years, ensuring its condition and reducing immediate buyer concerns regarding its age.
Flexible & Inviting Spaces: Features versatile areas like a lower-level office/guest room and a naturally lit kitchen, complemented by a welcoming front patio ideal for social interaction.
Recent Price Adjustment: The property has seen a recent price reduction from $3.8M to $3.55M, indicating increased value and potential for a more attractive acquisition.

Cons

Original Build Year: Constructed in 1958, the home, despite updates, may still feature some original systems or design elements that could require future attention or renovation to meet modern standards.
Compact Lot Size: The 2,550 sqft lot is typical for Balboa Island but offers limited outdoor space, which might not appeal to buyers seeking larger yards or expansive outdoor living areas.
Limited View: While close to the water, the property offers a 'Neighborhood' view rather than direct bay or ocean views, which are premium features on Balboa Island and could impact its perceived value for some buyers.

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