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425 Belvue Ln, Newport Beach, CA 92661

Sale Price: $5,000,000
Mar 11, 20243,305 sqft3 beds4 baths
Listed by: Kimberly Bibb
License #: 01210754
Phone #: 949-554-1200
Pacific Sotheby's Int'l Realty
Source:
CRMLS Logo
MLS #: NP24045161

Property Description

MAJOR PRICE REDUCTION! Nestled in the coveted Balboa Peninsula Point neighborhood, 425 Belvue Lane is a captivating two-story residence seamlessly blending modern living with coastal charm. Featuring three bedrooms and four bathrooms, this home offers a versatile layout for comfort and functionality. The main level encompasses a downstairs retreat with one bedroom, a spacious living room, and dining room with doors opening up to both the front yard and rear enclosed patio. The functional kitchen can be found off the dining room, which includes a walk-in pantry and additional eating space opening up to the private brick patio; providing an ideal space for daily living. Upstairs, the master suite features his and her sinks, a walk-in closet, and sliding doors leading to a charming small deck with views of the strada. An additional bedroom, bathroom, and entertainment room, separated by sliding doors, offer flexible living spaces with a wraparound deck overlooking the courtyard. The living room, adorned with a fireplace, has vaulted ceilings with skylights bathing the interior with natural light. With its prime location on the only Strada street on the Peninsula, a full interior laundry room, three car garage, and entertainment-ready spaces, 425 Belvue Lane provides a unique opportunity to experience the coastal lifestyle at its finest.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$82,050

TurboHome Estimated Value

$5,432,500

$1,644 sqft

High Valuation
$5,704,125
$1726/sqft
Normal Valuation
$5,432,500
$1644/sqft
Low Valuation
$5,160,875
$1562/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1644/sqft$5,432,500

Neighborhood: Balboa Peninsula Point (BLPP)

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Comparative Value

$5.00M

$5.20M

$5.39M

$6.55M

$7.29M

425 Belvue Ln, Newport Beach, CA 92661

Sale Price: $5,000,000

Selected Comparable

215 Goldenrod Ave, Corona Del Mar, CA 92625

Sale Price: $5,200,000

Selected Comparable

407 Dahlia Ave, Corona Del Mar, CA 92625

Sale Price: $5,200,000

Selected Comparable

425 Belvue Ln, Newport Beach, CA 92661

List Price: $5,395,000

Subject Property

2141 Seville Ave, Newport Beach, CA 92661

Sale Price: $6,550,000

Selected Comparable

421 Begonia Ave, Corona Del Mar, CA 92625

Sale Price: $7,295,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
425 Belvue Ln, Newport Beach, CA 92661

425 Belvue Ln, Newport Beach, CA 92661

List: $5,395,000

Listed: 3/11/2024

Area:3,305 sqft
Price/sqft:$1,632
Beds:3
Baths:4
Year Built:
Lot Size:4,000

Comparable Properties

COMPARABLE
Choose comps
425 Belvue Ln, Newport Beach, CA 92661

425 Belvue Ln, Newport Beach, CA 92661

Sale: $5,000,000

1/10/20250.00 mi

Area:3,305 sqft
Price/sqft:$1,513
Beds:3
Baths:4
Year Built:
Weight:22.7%
421 Begonia Ave, Corona Del Mar, CA 92625

421 Begonia Ave, Corona Del Mar, CA 92625

Sale: $7,295,000

4/29/20250.49 mi

Area:3,250 sqft
Price/sqft:$2,245
Beds:3
Baths:4
Year Built:
Weight:21.9%
215 Goldenrod Ave, Corona Del Mar, CA 92625

215 Goldenrod Ave, Corona Del Mar, CA 92625

Sale: $5,200,000

9/20/20240.53 mi

Area:3,414 sqft
Price/sqft:$1,523
Beds:3
Baths:4
Year Built:
Weight:20.2%
407 Dahlia Ave, Corona Del Mar, CA 92625

407 Dahlia Ave, Corona Del Mar, CA 92625

Sale: $5,200,000

4/14/20250.53 mi

Area:3,383 sqft
Price/sqft:$1,537
Beds:4
Baths:4
Year Built:
Weight:18.1%
2141 Seville Ave, Newport Beach, CA 92661

2141 Seville Ave, Newport Beach, CA 92661

Sale: $6,550,000

6/10/20250.20 mi

Area:3,318 sqft
Price/sqft:$1,974
Beds:4
Baths:5
Year Built:
Weight:17.1%

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