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205 Garnet Ave, Newport Beach, CA 92662

Sale Price: $4,437,500
Oct 9, 20242,241 sqft4 beds4 baths
Listed by: Summer Perry
License #: 01882790
Phone #: 949-375-9074
Compass
Source:
CRMLS Logo
MLS #: NP24196311

Property Description

Welcome to 205 Garnet Avenue, Newport Beach! Nestled in the tranquil part of Balboa Island, just north of the charming Balboa Ferry, this stunning four-bedroom, four-bathroom home offers 2,241 square feet of luxurious living space on a 2,550-square-foot lot. The home is situated on a street that is notably wider than many others in the area, providing a more spacious and open feel. The underground assessment has already been paid, adding extra value and peace of mind to this remarkable property. Recently remodeled by HGTV stars The Flipping El Moussas, this pristine home is filled with designer touches and an abundance of natural light that will leave you in awe. Step inside to discover wide plank white oak flooring that flows seamlessly throughout, offering both beauty and ease of maintenance. The chef's kitchen is a true showstopper, featuring white shaker cabinets, stunning countertops and backsplash, a custom hood vent, and high-end appliances—perfect for culinary enthusiasts. The primary suite is an impressive oasis with vaulted ceilings, a cozy fireplace, a private balcony, a large custom-tiled shower, and a new vanity. The secondary bedrooms are equally inviting, offering ample closet space and the same elegant white oak flooring. All bathrooms have been beautifully appointed with new vanities and custom-tiled showers. Embrace California's indoor/outdoor living by opening the Dutch door or enjoying your morning coffee on the spacious front patio or one of the multiple balconies. Additional features include a versatile bonus room and full bath downstairs that can be converted into a fifth bedroom. There is also a secondary entrance to the back half of the upstairs, providing an opportunity for a 1-bedroom, 1-bath attached Junior ADU rental unit if desired. With its prime location in a quiet part of the island and impeccable design, this home is perfect for entertaining or enjoying the relaxing coastal lifestyle. Don't miss out on this remarkable property—schedule your visit today!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
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

$57,789

TurboHome Estimated Value

$4,223,800

$1,885 sqft

High Valuation
$4,434,990
$1979/sqft
Normal Valuation
$4,223,800
$1885/sqft
Low Valuation
$4,012,610
$1791/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1885/sqft$4,223,800

Neighborhood: Balboa Island - Main Island (BALM)

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Comparative Value

$3.80M

$4.44M

$4.59M

$5.10M

$5.65M

$5.80M

307 Sapphire Ave, Newport Beach, CA 92662

Sale Price: $3,800,000

Selected Comparable

205 Garnet Ave, Newport Beach, CA 92662

Sale Price: $4,437,500

Selected Comparable

205 Garnet Ave, Newport Beach, CA 92662

List Price: $4,595,000

Subject Property

308 Collins Ave, Newport Beach, CA 92662

Sale Price: $5,100,000

Selected Comparable

211 E Edgewater Ave, Newport Beach, CA 92661

Sale Price: $5,650,000

Selected Comparable

205 Pearl Ave, Newport Beach, CA 92662

Sale Price: $5,800,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
205 Garnet Ave, Newport Beach, CA 92662

205 Garnet Ave, Newport Beach, CA 92662

List: $4,595,000

Listed: 10/9/2024

Area:2,241 sqft
Price/sqft:$2,050
Beds:4
Baths:4
Year Built:
Lot Size:2,550

Comparable Properties

COMPARABLE
Choose comps
205 Garnet Ave, Newport Beach, CA 92662

205 Garnet Ave, Newport Beach, CA 92662

Sale: $4,437,500

1/6/20250.00 mi

Area:2,241 sqft
Price/sqft:$1,980
Beds:4
Baths:4
Year Built:
Weight:23.9%
307 Sapphire Ave, Newport Beach, CA 92662

307 Sapphire Ave, Newport Beach, CA 92662

Sale: $3,800,000

4/8/20250.28 mi

Area:2,130 sqft
Price/sqft:$1,784
Beds:4
Baths:4
Year Built:
Weight:23.1%
205 Pearl Ave, Newport Beach, CA 92662

205 Pearl Ave, Newport Beach, CA 92662

Sale: $5,800,000

5/20/20250.04 mi

Area:2,300 sqft
Price/sqft:$2,522
Beds:3
Baths:5
Year Built:
Weight:18.0%
308 Collins Ave, Newport Beach, CA 92662

308 Collins Ave, Newport Beach, CA 92662

Sale: $5,100,000

2/21/20250.18 mi

Area:2,494 sqft
Price/sqft:$2,045
Beds:3
Baths:4
Year Built:
Weight:17.9%
211 E Edgewater Ave, Newport Beach, CA 92661

211 E Edgewater Ave, Newport Beach, CA 92661

Sale: $5,650,000

11/21/20240.34 mi

Area:2,665 sqft
Price/sqft:$2,120
Beds:4
Baths:3
Year Built:
Weight:17.0%

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