500 Cagney Lane 103, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$599,900
500 Cagney Lane 103, Newport Beach, California 92663
1Bed
1Bath
465Sqft
Lot
Year Built
1971
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
-
HOA
$540.88
Days on market
-
Sold On
-
MLS number
OC25239881
Home ConditionFair
Features
Good View: Ocean
Deck
ViewOcean

About this home

Unit #103 is an amazing resort vacation home or live here full-time. The property would also be a welcome destination for Snowbirds. This coastal condo is ideally located within the gated community at Versailles on the Bluffs. A rare bonus in this price range is the water view from your balcony. Walkability score of 86. In just a few minutes you can be sitting in the warm sand, swimming, surfing or collecting shells; so much fun. Famous Balboa Peninsula, Lido Isle, Fashion Island, are nearby and offer the very best in shopping, fine dining, and entertainment. Delight in attending festivals and boat parades which are longstanding Newport Beach traditions. Bike to Sunset View Park for an unforgettable sunset; Then stay for the spectacular city lights. Afterwards bike along the nearby coastline where an ocean breeze is always refreshing. Stop for ice cream or a drink. This cute condo is at the end of the walkway providing lots of privacy. It's light and bright and offers an open floorplan. Easy care laminate flooring throughout. Built-in desk with ample shelving for all your home office needs. Refrigerator and stove included. Water and gas paid by HOA. An elevator saves time getting to your dedicated parking in the secured subterranean garage. Additional storage closet at the parking space, locked cage for bike storage. Convenient community laundry; Secure gated entry to the complex. Versailles offers a spacious pool and spa, BBQ, lovely clubhouse with a library and kitchen, an exercise room and sauna. All you could want is right here at home. It's a wonderful place to host friends. World class medical care is next door at the renowned Hoag Hospital. This well-priced gem could be yours. Lowest priced unit in Versailles available with a water view. Embrace the best of beach close living by making this sanctuary in a prestigious Newport Beach community your home.. Unit is #103

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.1mi

Price History

Date
Event
Price
10/25/25
Listing
$599,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (38 Listings)
Beds12
26%
Baths12
28%
Square foot4651,310
3%
Lot Size0103,811
Price$600K$1.1M
3%
Price per square foot$1,290$865
85%
Built year19711979
21%
HOA$540.88$600
31%
Days on market10160
3%
Condition Rating
Fair

The property was built in 1971, making it over 50 years old. While it features 'easy care laminate flooring throughout' and stainless steel appliances (refrigerator and stove), the kitchen cabinets and laminate countertops appear dated, likely from a renovation 15-30 years ago. The light fixtures also show signs of age. The unit appears clean and well-maintained, but the overall style and condition of the kitchen and visible bathroom elements suggest functional but outdated components, aligning with the 'Fair' category.
Pros & Cons

Pros

Prime Coastal Location & Walkability: Ideally located within a gated community in Newport Beach, boasting a high walkability score of 86, with minutes to the beach, Balboa Peninsula, Lido Isle, Fashion Island, and world-class medical care at Hoag Hospital.
Rare Water View: Offers a desirable water view from the balcony, a significant and rare bonus for this price range within the Versailles community.
Extensive Community Amenities: The Versailles community provides a spacious pool, spa, BBQ area, clubhouse with library and kitchen, exercise room, and sauna, enhancing the resort-like living experience.
HOA Inclusions & Conveniences: HOA fees cover water and gas, and include dedicated subterranean parking with an elevator, additional storage, bike storage, and convenient community laundry facilities.
Privacy & Functional Interior: Positioned as an end unit, it offers enhanced privacy, a light and bright open floorplan with easy-care laminate flooring, and a built-in desk for home office needs.

Cons

Compact Living Space: At 465 sqft, the unit offers limited living space, which may not suit all buyer preferences, especially for those seeking more expansive full-time residency.
Building Age: Constructed in 1971, the building is over 50 years old, which could imply older infrastructure or potential for future special assessments, despite any interior updates to the unit.
High Monthly HOA Dues: The association fee of $540.88 per month is substantial, which could impact affordability and long-term ownership costs, even with included utilities and amenities.

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