$1,025,000
●
Condo -
Off Market
240 Nice Lane #310
Newport Beach, CA 92663
3 Beds
2 Baths
1,761 Ft²
$1,573,013
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Seller willing to credit buyer for flooring. Offering a coastal
penthouse lifestyle in the beautiful gated resort-like community of
Villa Balboa. Panoramic views of Newport pier, Balboa Inlet and the
Pacific Ocean can be experienced from almost every room. With all
of the perks of Newport living it is only a short walk or bike ride
to the sandy beaches and a drive to Fashion Island, restaurants and
theaters are just minutes away. Catheral ceilings, skylights and an
abundance of windows showers the home with natural light. Plan 4 is
one of the most coveted floor plans with 3 bedrooms - or - its
current configurations of 2 bedrooms and an office, living and
dining room, separate family room, spacious master bedroom with
large walk-in closet, two bathrooms and laundry. It has gated
subterranean parking and is one of the few units with 3 parking
spaces. This home is perfect for someone who wants the beach
lifestyle with the ability to add their own flare. Community
amenities include two pools, spa, gym, tennis court, and clubhouse
with kitchen, meeting room and library.
Unit Size
1,761 Ft²
Days on Market
55 days
Land Size
-
Price per sqft
$625
Property Type
Condo
Property Taxes
-
HOA Dues
$658
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #PW20014810)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Jan 13, 2020 | Listed by Seven Gables Real Estate | $1,100,000 | |
| Listed by Seven Gables Real Estate | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Underground
Garage Spaces: 3
Interior Details
Full Bathrooms: 2
Interior Features: Wet Bar, Breakfast Bar, Cathedral Ceiling(s), Elevator, Storage, Walk-In Closet(s), Balcony
Appliances: Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Flooring Type: Carpet
Door Features: Sliding Doors
Laundry Features: Inside, Laundry Closet
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Has Property Attached
Square Footage: 1761
Security Features: Carbon Monoxide Detector(s), Security Gate, Gated Community, Smoke Detector(s)
Property Condition: RepairsCosmetic
Year Built Source: Assessor
Year Built: 1979
Levels: One
Window Features: Double Pane Windows, Skylight(s)
Construction Materials: Stucco, Drywall
Pool Features: Association
Lot Size Units: Square Feet
Tax Lot: 14
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Barbecue, Pool, Spa/Hot Tub
HOA Fee: $658
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/22/2026
|
1 Bed
|
1 Bath
|
915 ft²
|
$899,000
1 Bed
1 Bath
915 ft²
|
$845,000
-6.01%
07/06/2026
|
Adam Renteria
Douglas Elliman of California
| |
|
03/03/2026
|
2 Bed
|
1 Bath
|
1136 ft²
|
$950,000
2 Bed
1 Bath
1136 ft²
|
$950,000
03/30/2026
|
Melanie Greiner
RE/MAX One
| |
|
06/25/2025
|
1 Bed
|
1 Bath
|
915 ft²
|
$839,000
1 Bed
1 Bath
915 ft²
|
$810,000
-3.46%
08/22/2025
|
Jennifer Pritchett
Coldwell Banker Realty
| |
|
03/13/2025
|
1 Bed
|
1 Bath
|
911 ft²
|
$727,000
1 Bed
1 Bath
911 ft²
|
$728,000
+0.14%
05/15/2025
|
Kellie Martinez
Redfin Corporation
| |
|
10/25/2024
|
2 Bed
|
2 Bath
|
1581 ft²
|
$1,199,000
2 Bed
2 Bath
1581 ft²
|
$1,169,000
-2.50%
02/10/2025
|
Michael Caruso
The Agency
| |
|
06/26/2024
|
2 Bed
|
1 Bath
|
1040 ft²
|
$900,000
2 Bed
1 Bath
1040 ft²
|
$930,000
+3.33%
10/28/2024
|
Drew Teicheira
Harcourts Place
| |
|
05/02/2024
|
2 Bed
|
2 Bath
|
1609 ft²
|
$1,495,000
2 Bed
2 Bath
1609 ft²
|
-
-
|
Chase Behr
Arbor Real Estate
| |
|
10/26/2023
|
2 Bed
|
1 Bath
|
1136 ft²
|
$749,000
2 Bed
1 Bath
1136 ft²
|
-
-
|
Josef Szigeti
Douglas Elliman Of California
| |
|
02/17/2023
|
2 Bed
|
2 Bath
|
1136 ft²
|
$1,199,750
2 Bed
2 Bath
1136 ft²
|
-
-
|
Josef Szigeti
Douglas Elliman Of California
| |
|
07/29/2022
|
2 Bed
|
1 Bath
|
1136 ft²
|
$1,075,000
2 Bed
1 Bath
1136 ft²
|
-
-
|
Josef Szigeti
Douglas Elliman Of California
| |
|
11/05/2021
|
2 Bed
|
2 Bath
|
1609 ft²
|
$1,279,000
2 Bed
2 Bath
1609 ft²
|
-
-
|
Suzanne Wyrick
Wyrick & Associates Real Estate
| |
|
05/19/2021
|
2 Bed
|
2 Bath
|
1136 ft²
|
$699,000
2 Bed
2 Bath
1136 ft²
|
$725,000
+3.72%
06/16/2021
|
Larry Birnbaum
| |
|
01/21/2021
|
2 Bed
|
2 Bath
|
1609 ft²
|
$1,019,000
2 Bed
2 Bath
1609 ft²
|
-
-
|
-
| |
|
01/20/2021
|
2 Bed
|
2 Bath
|
1312 ft²
|
$787,000
2 Bed
2 Bath
1312 ft²
|
$790,000
+0.38%
03/22/2021
|
Josef Szigeti
| |
|
12/10/2020
|
1 Bed
|
1 Bath
|
911 ft²
|
$579,000
1 Bed
1 Bath
911 ft²
|
$559,000
-3.45%
05/11/2021
|
Josef Szigeti
| |
|
11/13/2020
|
2 Bed
|
1 Bath
|
1091 ft²
|
$649,000
2 Bed
1 Bath
1091 ft²
|
$670,000
+3.24%
10/15/2021
|
Josef Szigeti
Douglas Elliman Of California
| |
|
03/02/2020
|
1 Bed
|
1 Bath
|
915 ft²
|
$560,000
1 Bed
1 Bath
915 ft²
|
-
-
|
-
| |
|
01/13/2020
|
3 Bed
|
2 Bath
|
1761 ft²
|
$1,100,000
3 Bed
2 Bath
1761 ft²
|
$1,025,000
-6.82%
03/16/2020
|
Donna Garrett
Seven Gables Real Estate
| |
|
09/22/2019
|
1 Bed
|
1 Bath
|
915 ft²
|
$565,000
1 Bed
1 Bath
915 ft²
|
$550,000
-2.65%
12/28/2019
|
Brian Wollner
Coldwell Banker Realty
| |
|
07/16/2019
|
1 Bed
|
1 Bath
|
911 ft²
|
$535,000
1 Bed
1 Bath
911 ft²
|
$525,000
-1.87%
12/11/2019
|
Josef Szigeti
Douglas Elliman Of California
| |
|
01/15/2019
|
1 Bed
|
1 Bath
|
915 ft²
|
$579,000
1 Bed
1 Bath
915 ft²
|
$540,000
-6.74%
04/03/2019
|
Dana Frank
| |
|
10/31/2018
|
2 Bed
|
2 Bath
|
1312 ft²
|
$749,000
2 Bed
2 Bath
1312 ft²
|
-
-
|
-
| |
|
06/11/2018
| |
1 Bed
|
1 Bath
|
950 ft²
|
-
1 Bed
1 Bath
950 ft²
|
-
-
|
-
|
|
07/09/2017
| |
2 Bed
|
2 Bath
|
1609 ft²
|
-
2 Bed
2 Bath
1609 ft²
|
-
-
|
-
|
Building Info
About Newport Beach
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Listed by: Donna Garrett, Seven Gables Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW20014810
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW20014810
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