270 Cagney Lane 301, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$1,350,000
270 Cagney Lane 301, Newport Beach, California 92663
2Beds
2Baths
1,748Sqft
31,661Lot
Year Built
1986
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
-
HOA
$1,190.88
Days on market
-
Sold On
-
MLS number
PW25085130
Home ConditionGood
Features
Good View: Park/Greenbelt, Neighborhood
Deck
ViewPark/Greenbelt, Neighborhood

About this home

Don't Miss This Stunning Penthouse in Villa Balboa! This immaculate and rarely available 3rd-floor suite, offers one of the most spacious and desirable 2-bedroom layouts in the sought-after Villa Balboa community. The penthouse offers a light-filled, open-concept floor plan that features two generously sized primary suites on opposite ends of the unit, each with its own full bathroom, plus a versatile bonus room perfect for a home office. Enjoy the peaceful, private ambiance as the unit overlooks lush, park-like greenery and the clubhouse, creating a quiet retreat-like atmosphere. Two balconies offer serene outdoor space, with access from both bedrooms and one also connected to the dining area—perfect for relaxing or entertaining. The oversized kitchen is a chef’s delight, featuring quartz countertops, ample 15" deep custom cabinets, and a breakfast nook, complemented by a separate formal dining room. Available only in the penthouse suites are soaring vaulted ceilings and skylights that fill the home with natural light. Additional highlights include recessed lighting, the unit's close proximity to the elevator for convenience and easy access to Sunset Park Lane for ocean and sunset views. Villa Balboa is a secure, gated community offering resort-style amenities such as two swimming pools, spas, tennis courts, and underground parking. Conveniently located within walking distance to the beach, restaurants, shopping and the exceptional healthcare at Hoag Hospital. HOA fee covers water, gas, trash, and amenities. All appliances are included in the sale (washer, dryer and refrigerator), making this a true turn key opportunity.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.1mi

Price History

Date
Event
Price
05/02/25
$1,350,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (38 Listings)
Beds22
50%
Baths22
50%
Square foot1,7481,320
69%
Lot Size31,66138,736
44%
Price$1.35M$1.12M
56%
Price per square foot$772$854
18%
Built year19861979
67%
HOA$1,190.88$600
0%
Days on market187176
56%
Condition Rating
Good

Built in 1986, this penthouse has undergone significant updates, including a kitchen with quartz countertops, custom cabinets, and stainless steel appliances, along with updated light-colored flooring and recessed lighting in the main living areas. While the bathrooms are clean and functional, their style appears to be from an older period, preventing an 'Excellent' rating. However, the property is clearly move-in ready with no immediate renovations required, and major systems appear well-maintained, aligning with a 'Good' condition score.
Pros & Cons

Pros

Penthouse Status & Interior Design: As a rarely available penthouse unit, it offers a spacious, light-filled, open-concept layout with soaring vaulted ceilings and skylights, two generously sized primary suites, and a versatile bonus room perfect for a home office.
Private Ambiance & Outdoor Space: The unit provides a peaceful, private ambiance overlooking lush, park-like greenery and the clubhouse, complemented by two balconies offering serene outdoor space for relaxation and entertaining.
Upgraded Kitchen & Dining: Features an oversized, chef's delight kitchen with quartz countertops, ample custom cabinets, a breakfast nook, and a separate formal dining room, indicating modern updates and functional living.
Resort-Style Community Amenities & Convenience: Located within a secure, gated community (Villa Balboa) offering resort-style amenities including two swimming pools, spas, tennis courts, underground parking, and convenient elevator access.
Prime Coastal Location & Turn-Key Value: Exceptional Newport Beach location within walking distance to the beach, restaurants, shopping, and Hoag Hospital. The HOA fee covers water, gas, trash, and amenities, and all appliances are included, making it a true turn-key opportunity.

Cons

Substantial Monthly HOA Fee: The monthly HOA fee of $1190.88, while comprehensive in its coverage of utilities and amenities, represents a significant ongoing cost of ownership.
Limited Direct Ocean/Panoramic Views: While offering peaceful greenbelt views and access to ocean/sunset views from a nearby lane, the unit itself does not feature direct panoramic ocean or city views, which are often highly sought after in this market.
Absence of Central Air Conditioning: The property description does not mention a central air conditioning system, which could be a drawback for comfort during warmer months, especially given the 1986 build year.

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