331 Walnut Street, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$3,399,900
331 Walnut Street, Newport Beach, California 92663
5Beds
6Baths
2,546Sqft
2,480Lot
Year Built
1962
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
-
HOA
$55
Days on market
-
Sold On
-
MLS number
IV24254834
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Neighborhood, Ocean, Panoramic, Peek-A-Boo, Water
Deck
Patio
ViewCatalina,City Lights,Neighborhood,Ocean,Panoramic,Peek-A-Boo,Water

About this home

NEWPORT BEACH-NEWPORT SHORES-Welcome to this elegant coastal residence nestled in the heart of Newport Beach, California where stylishness and fastidiously designed amenities coalesce to offer a harmonious blend of sophistication and serenity with spacious layouts on all three levels of refined living space. Featuring five generously sized bedrooms and five (and a half) bedecked bathrooms, providing ample space meticulously designed to accommodate both relaxation and entertainment. The open-concept living areas are bathed in natural light, creating an inviting atmosphere for brilliant gatherings, or peaceful evenings at home. At each of three levels, you can step outside to your private outdoor space, perfect for al fresco dining or enjoying the serene shoreline breezes. The property boasts a barbecue area, ideal for hosting summer soirées, while the colossal pool and Tennis/Basketball/Sport courts & clubhouse provides recreation & leisure on the private beach for sunshine filled fun. For families, a playground offers a delightful space for children to play with holiday community gatherings that welcome family activities for celebrating holiday events in this adorable community. Moving on to some of the modern conveniences inside the home which include an elegant claw-foot soaking tub, a massive Thermador™ Professional Range, Pot Filler Faucet, Air-conditioning, Tech-Smart-Home living, colossal attic space for storage, custom remodeling within every detail throughout this home, soaring ceilings, 2nd floor balcony and roof-top balcony, multiple patios, a distinguished Dutch-door & stable-gate for breezy air allowances and safety for children/pets, two main entrances-which allows the opportunity to convert this into a multiple unit (as a separate rental potential), a nice sized garage, and so much more to list...ensuring happiness and ease of living. The third level is glorious for sitting under the dazzling stars for night-time celestial views, firework extravaganzas in season, gardening and embracing panoramic sights, view Catalina Island & take in the fresh ocean air. Located close to popular surf and swim beaches, this home offers the quintessential Southern California lifestyle. Explore the vibrant nearby Lido Village and Mariners Mile, where dining, shopping, and entertainment await. Discover the perfect blend of elegance and coastal charm at 331 Walnut Street, where every detail has been thoughtfully curated for a life of luxury and well-being.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-62.2mi
9/10
Newport Elementary School
Public,PK-62.3mi
7/10
Horace Ensign Intermediate School
Public,7-82.1mi
7/10
Newport Harbor High School
Public,9-122.1mi

Price History

Date
Event
Price
12/28/24
Listing
$3,399,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (79 Listings)
Beds54
73%
Baths64
83%
Square foot2,5462,613
46%
Lot Size2,4803,629
20%
Price$3.4M$4.75M
28%
Price per square foot$1,335$1,799.5
24%
Built year19629810981
53%
HOA$55
0%
Days on market312188
95%
Condition Rating
Excellent

Despite being built in 1962, this property has undergone extensive and custom remodeling throughout, as explicitly stated in the description. The kitchen features high-end Thermador appliances, modern white shaker cabinets, luxurious countertops, subway tile backsplash, and stylish pendant lighting. Bathrooms are fully updated with contemporary tiling, glass-enclosed showers, and modern fixtures, including an elegant claw-foot soaking tub. All visible areas, including flooring (tile and hardwood), lighting, and overall finishes, appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Premier Coastal Location: Situated in the highly desirable Newport Shores subdivision of Newport Beach, offering immediate access to popular surf and swim beaches, Lido Village, and Mariners Mile, embodying the quintessential Southern California lifestyle.
Extensive Community Amenities: Residents benefit from access to a colossal community pool, tennis/basketball/sport courts, clubhouse, private beach, and a playground, fostering a vibrant, family-friendly environment with ample recreational opportunities.
Luxurious & Modern Interior: The residence boasts a fully custom-remodeled interior across three spacious levels, featuring high-end appliances (e.g., Thermador™ Professional Range), smart-home technology, soaring ceilings, and elegant finishes like a claw-foot soaking tub.
Panoramic Ocean & City Views: The third level and rooftop balcony provide breathtaking panoramic views of Catalina Island, the Pacific Ocean, city lights, and seasonal firework displays, enhancing the property's appeal and value.
Versatile Layout & Outdoor Spaces: Multiple patios, a second-floor balcony, and a rooftop balcony offer diverse private outdoor living options, with the added potential for multi-unit conversion or rental income due to two main entrances.

Cons

Older Core Structure: Despite extensive remodeling, the home's original construction year (1962) may imply an older underlying infrastructure that could require future maintenance or updates beyond the visible renovations.
Limited Private Yard Space: The relatively small lot size of 2,480 sqft for a 5-bedroom home means minimal private yard area, requiring residents to rely heavily on community amenities for extensive outdoor recreation.
Ongoing Association Fees: The property is subject to ongoing association fees, which, while modest at $55/month, represent an additional recurring cost for ownership.

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