See Home Value
$1,675,000
● House - Off Market

324 Otero

Newport Beach, CA 92660
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,887 Ft²
$1,938,031
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

A home designed to capture the panoramic views on the front line of the Upper Newport Beach Back Bay Nature Preserve, Mountains, City Lights, Disneyland fireworks.  Original "Trina" plan it has been altered into a plan unlike any other in this area.   The Master Bedroom suite is extraordinarily appointed with built-ins and a master closet and bath certain to please anyone desiring special and custom. Secondary bedroom has custom closets and larger bathroom with steam shower.  Kitchen has custom designed cabinets and hardware with extra large drawers for storage of kitchen appliances & china; featuring built-in ice maker, dishwasher, microwave drawer and six burner "Wolf" double oven.  Custom glass & wood cabinetry for crystal, decorative items is a space saving feature in the large open area space created.  The home was completely renovated in 2016; upgraded throughout, permitted and final with City of Newport Beach; electrical, plumbing, sewer drain, air conditioning installed and water filtration system and new roof. Water feature on patio and above ground spa also makes this home a unique features added. Two car finished garage has air conditioning unit and ample storage for everything from holiday items to sports equipment and gear. Large granite counter for extra work space or hobby area. This is a Leasehold property; Irvine Company.
Unit Size
1,887 Ft²
Days on Market
155 days
Land Size
0.04 acres
Price per sqft
$702
Property Type
House
Property Taxes
-
HOA Dues
$304
Year Built
1970

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Last updated: 5 months ago (CRMLS #PW19159909)

Price History

Date / Event Date Event Price
Apr 11, 2025 Sold
Sold
Jan 29, 2025 Listed by Compass $2,495,000
Listed by Compass
Welcome to 324 Otero, a beautifully reimagined residence that perfectly embodies the essence of coastal elegance in Newport Beach's desirable Bluffs community. This three-bedroom, two-and-a-half-bathroom home was meticulously redesigned in 2016, with additional updates in 2024, to fully capitalize on its stunning panoramic views of the Back Bay, mountains, city lights, and even Disneyland's fireworks. The unique layout, transformed from the original "Trina" plan, features a lower level adorned with exquisite French limestone flooring. Its open-concept design seamlessly integrates the kitchen, living, dining, and sitting areas, all offering breathtaking views of the Back Bay. The gourmet kitchen is a chef's delight, boasting quartz countertops, a spacious center island, a premium 8 burner Wolf range with double ovens, and custom cabinetry with ample storage. The outdoor patio is perfect for entertaining or enjoying serene sunsets, with a beautifully landscaped greenbelt backdrop ideal for gatherings. Enjoy the coastal lifestyle with nearby beaches and vibrant local Newport Beach amenities.
Nov 19, 2023 No longer available -
No longer available
Nov 8, 2023 In contract -
In contract
Oct 17, 2023 Price Decreased $2,399,000
↓ $71K (2.9%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,956
  • Lot Size Depth Feet: 720
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,887
  • Gross Building Area: 2,371
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT NO 7082
  • Land Acres: 0000000045
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 7082 BLK LOT 13

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063004

Zoning

  • Zoning: R4B2

Geography

  • Assessors Map Reference: 32-A2
  • Subdivision Tract Number: 7082
  • Parcel: 440-202-13
  • Lot: 13
  • Latitude: 33.6453
  • Longitude: -117.88

    Address

  • Full Address: 324 Otero
  • Address - House Number: 324
  • Address - Street Name: Otero
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C051
  • 4-Digit Zip Code: 3526
  • Zip Code: 92660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,876,434
  • Tax Rate Code Area: 07-042

    Appraisal Valuation

  • Standard Deviation: 0.0503
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 99
  • Final Value: 2,331,080
  • High Value: 2,448,460
  • Low Value: 2,213,701

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,760,724
  • Assessed Land Value: $1,550,489
  • Assessed Improvements Value: $210,235

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Nov 17, 2023
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 282146
  • Previous Sale Recording Date: Dec 10, 2019
  • Previous Sale Contract Date: Dec 09, 2019
  • Previous Sale Amount: $484,500
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newport Beach


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Frequently Asked Questions

When was property at 324 Otero built and last sold?
The property at 324 Otero was built in 1970 and last sold on Nov 6, 2023 for $2,175,000.
How much is this home worth?
The estimated value of the home located at 324 Otero is $2,521,801.
What are some comparable homes to 324 Otero?
There are currently no comparable homes to 324 Otero.

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