259 Mayflower Dr · Newport Beach, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 5/10 · Moderate
- Hot days now (above 82°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +15.7/30.0
- Appreciation +10.0/10.0
- DSCR +4.8/10.0
- Schools +4.8/10.0
- 1% rule +4.3/10.0
- Livability +3.8/5.0
- Rent growth +3.5/5.0
- Condition / age +2.5/5.0
- ARV discount +0.0/15.0
$559,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to a beautiful turnkey 2 bedroom/2 bath cottage well located in Bayside Village in the heart of Newport Beach. Step up to the front porch and door which leads you inside to the great room with turnkey kitchen, dining area, living space boasting high ceilings and lots of light from numerous windows. You can step outside to the private patio yard or walk down the hall to the bedrooms, bathrooms and laundry room. The master suite has lots of space & walk in closet, custom bathroom with built in cabinets. There is a light and bright second bedroom and bathroom. The laundry room has built in storage and doorway to carport. Living area has lots of windows and open kitchen with lots of cabinets, stainless appliances and an island. Enjoy privacy in the fenced patio yard. The carport has a lockable shed for your storage items. Property has no one behind for additional privacy. Just a short stroll away is the pool/jacuzzi/clubhouse/fitness room/shuffleboard court/barbeque/and picnic area and a also nearby is Back Bay, marina, north clubhouse, private beach, dog park and an additional bayfront pool/jacuzzi. This is resort style living! UNDERMARKET LAND LEASE at $3024 monthly includes water, trash, sewer and numerous community amenities. Come live the Newport Beach lifestyle at a fraction of the cost of surrounding neighborhoods.
Key facts
- Built in storage
- Turnkey kitchen
- Lockable shed
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath manufactured listed at $559k.
Deal economics
- At list price, monthly cash flow is $241 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $520k (7.1% below list).
- Recommended offer: $492k (12.0% below list) — sets the bar for market timing.
- Cap rate 6.8% vs local median 0.6% in Newport Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 76/100 on livability (#101 in CA, #3,645 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, employment A+; Watch: health & safety C-, cost of living F.
- Newport-Mesa Unified (urban): math 46% / reading 58% proficiency, ranked #106 of 517 in CA (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Market conditions: Rents rising fast (+4.1%/yr); 154 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
- This rent runs 39% of the median local income ($160k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $60k of equity ($4k loan paydown + $56k appreciation (10.0% local appreciation)).
- Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (10.0% appreciation + 4.1% rent growth), your $157k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 2, paydown + projected appreciation supports a ~$96k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 235 days — a 12% lower offer ($492k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $450k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 235 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.93% ✗
- Cap rate
- 6.81%
- Cash-on-cash
- 1.85%
- DSCR
- 1.08
- GRM
- 9.0
CMA / ARV
- ARV (median comp)
- $392,344
- List price
- $559,000
- Delta
- 42.48%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 265 Mayflower | 0.01mi | 2/2.0 | 1,100 (+4%) | 0mo | $370,000 | $336 | 92 |
| 205 Tremont Dr | 0.13mi | 3/2.0 (+1) | 1,078 (+2%) | 6mo | $649,000 | $602 | 80 |
| 208 Tremont Dr | 0.11mi | 2/2.0 | 1,040 (-2%) | 16mo | $465,000 | $447 | 79 |
| 24 Saratoga #24 | 0.18mi | 2/2.0 | 1,100 (+4%) | 9mo | $850,000 | $773 | 77 |
| 312 Concord Ln | 0.07mi | 2/2.0 | 1,000 (-5%) | 14mo | $350,000 | $350 | 76 |
| 237 Plymouth Ave | 0.08mi | 3/2.0 (+1) | 1,152 (+9%) | 1mo | $630,000 | $547 | 75 |
| 298 Lexington Cir | 0.04mi | 2/2.0 | 1,200 (+14%) | 6mo | $439,000 | $366 | 71 |
| 292 Mayflower Dr | 0.05mi | 2/2.0 | 1,152 (+9%) | 15mo | $415,000 | $360 | 70 |
| 129 Liberty | 0.15mi | 2/2.0 | 1,140 (+8%) | 12mo | $539,000 | $473 | 70 |
| 77 Yorktown | 0.19mi | 2/1.0 | 1,150 (+9%) | 5mo | $369,999 | $322 | 68 |
| 122 Yorktown Dr | 0.09mi | 2/2.0 | 1,150 (+9%) | 16mo | $475,000 | $413 | 68 |
| 4 Saratoga | 0.21mi | 2/2.0 | 1,200 (+14%) | 3mo | $1,000,000 | $833 | 65 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 4.11% rent growth · sell at horizon
- IRR
- 26.0%
- Equity multiple
- 3.08×
- Total profit
- $325,772
- Equity at exit
- $503,591
- IRR
- 23.1%
- Equity multiple
- 7.13×
- Total profit
- $959,861
- Equity at exit
- $1,086,014
Cash invested: $156,520 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 18 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 92660
- Home prices YoY
- 3.4%
- Rents YoY
- 4.1%
- Active inventory
- 154
- Price-to-rent
- 9.0×
Monthly cashflow live
- Estimated rent
- $5,196 high interval (Pro) →
- Mortgage (P&I)
- −$2,931
- Tax est. 1.5%
- −$699 /mo · $8,385/yr
- Insurance
- −$233
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$1,091
- Net cashflow
- $241
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $139,750
- Closing costs
- $16,770
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 94 Yorktown Newport Beach, CA | 2.0 | 2.0 | 1029 | $4,250 | $4.13 | 13d | 1 | 0.11mi |
| 200 Promontory Dr W Newport Beach, CA | 1.0–2.0 | 1.0–2.0 | 1187 | $5,385 | $4.54 | 1d | 25 | 0.29mi |
| 26 Villa Point Dr Newport Beach, CA | 2.0 | 2.0 | 1410 | $5,000 | $3.55 | 43d | 1 | 0.59mi |
| 212 Garnet Ave Newport Beach, CA | 2.0 | 2.0 | 791 | $5,900 | $7.46 | 43d | 1 | 0.63mi |
| 113 Emerald Ave Newport Beach, CA | 3.0 | 2.0 | 1200 | $8,000 | $6.67 | 43d | 1 | 0.66mi |
| 314 Ruby Ave Newport Beach, CA | 3.0 | 2.0 | 1500 | $8,000 | $5.33 | 43d | 1 | 0.67mi |
| 216 Agate Ave Unit 1/2 Newport Beach, CA | 1.0 | 1.0 | 767 | $4,000 | $5.22 | 43d | 1 | 0.68mi |
| 1009 N Bay Front Newport Beach, CA | 3.0 | 2.0 | 1200 | $12,000 | $10.00 | 24d | 1 | 0.68mi |
| 120 Garnet Ave Newport Beach, CA | 2.0 | 1.0 | 850 | $5,150 | $6.06 | 43d | 1 | 0.68mi |
| 320 Sapphire Ave Newport Beach, CA | 2.0 | 2.0 | 1000 | $4,200 | $4.20 | 2d | 1 | 0.68mi |
| 308 Coral Ave Newport Beach, CA | 3.0 | 2.0 | 1390 | $12,000 | $8.63 | 43d | 1 | 0.73mi |
| 1063 Dover Dr Newport Beach, CA | 2.0 | 2.5 | 1152 | $4,900 | $4.25 | 43d | 1 | 0.74mi |
| 216 Collins Ave Newport Beach, CA | 3.0 | 2.0 | 1200 | $8,000 | $6.67 | 43d | 1 | 0.74mi |
| 232 Villa Point Dr Newport Beach, CA | 1.0 | 1.0 | 851 | $4,350 | $5.11 | 24d | 1 | 0.75mi |
| 320 Villa Point Dr Newport Beach, CA | 2.0 | 2.0 | 1307 | $6,500 | $4.97 | 43d | 1 | 0.75mi |
| 208 Villa Point Dr Newport Beach, CA | 1.0 | 1.0 | 774 | $3,490 | $4.51 | 43d | 1 | 0.75mi |
| 122 Opal Ave Unit 2 Newport Beach, CA | 2.0 | 1.0 | 700 | $4,750 | $6.79 | 18d | 1 | 0.78mi |
| 1728 Bedford Ln Newport Beach, CA | 1.0–2.0 | 1.0–2.0 | 954 | $3,795 | $3.98 | 1d | 2 | 0.85mi |
| 203 Amethyst Ave Newport Beach, CA | 3.0 | 3.0 | 1186 | $6,500 | $5.48 | 43d | 1 | 0.85mi |
| 1510 Abalone Pl Newport Beach, CA | 1.0 | 1.0 | 750 | $3,500 | $4.67 | 43d | 1 | 0.85mi |
| 222 Marine Ave Unit C Newport Beach, CA | 2.0 | 2.0 | 1300 | $5,800 | $4.46 | 43d | 1 | 0.86mi |
| 207 E Edgewater Ave Newport Beach, CA | 2.0 | 2.0 | 950 | $9,000 | $9.47 | 20d | 1 | 0.87mi |
| 310 Fernando St #105 Newport Beach, CA | 2.0 | 2.0 | 1325 | $4,700 | $3.55 | 2d | 1 | 0.89mi |
| 310 Fernando St Newport Beach, OS | 2.0 | 2.0 | 1331 | $5,198 | $3.90 | 43d | 3 | 0.90mi |
| 312 Saint Andrews Rd Unit B Newport Beach, CA | 2.0 | 1.0 | 1000 | $4,850 | $4.85 | 43d | 1 | 0.93mi |
| 114 Onyx Ave Newport Beach, CA | 3.0 | 2.0 | 1050 | $6,750 | $6.43 | 43d | 1 | 0.93mi |
| 533 Saint Andrews Rd Newport Beach, CA | 2.0 | 1.0 | 980 | $3,800 | $3.88 | 2d | 1 | 0.94mi |
| 1400 Haven Pl Unit 533 Newport Beach, CA | 2.0 | 1.0 | 980 | $3,800 | $3.88 | 2d | 1 | 0.95mi |
| 307 Anade Ave Newport Beach, CA | 2.0 | 2.0 | 1100 | $4,750 | $4.32 | 43d | 1 | 0.95mi |
| 880 Irvine Ave Newport Beach, CA | 2.0 | 1.0–2.0 | 704 | $3,179 | $4.51 | 1d | 99 | 0.96mi |
| 206 Adams St #1 Newport Beach, CA | 3.0 | 3.0 | 1065 | $9,000 | $8.45 | 3d | 1 | 0.98mi |
| 2101 E 15th St #8 Newport Beach, CA | 2.0 | 1.5 | 1025 | $4,350 | $4.24 | 43d | 1 | 1.01mi |
| 116 Jade Ave Newport Beach, CA | 2.0 | 1.5 | 1144 | $7,000 | $6.12 | 43d | 1 | 1.05mi |
| 618 W Balboa Blvd Newport Beach, CA | 2.0 | 1.0 | 780 | $4,195 | $5.38 | 43d | 1 | 1.05mi |
| 5100 Colony Plz Newport Beach, CA | 1.0–2.0 | 1.0–2.0 | 1316 | $6,260 | $4.76 | 2d | 10 | 1.10mi |
| 913 W Balboa Blvd Unit C Newport Beach, CA | 3.0 | 3.0 | 1423 | $8,500 | $5.97 | 7d | 1 | 1.18mi |
| 913 W Balboa Blvd Newport Beach, CA | 3.0 | 3.0 | 1423 | $8,500 | $5.97 | 16d | 1 | 1.18mi |
| 1 Park Newport Newport Beach, CA | 3.0 | 1.0–2.5 | 1013 | $4,188 | $4.13 | 1d | 116 | 1.19mi |
| 1114 W Balboa Blvd Unit 1114 Newport Beach, CA | 2.0 | 1.0 | 800 | $3,850 | $4.81 | 24d | 1 | 1.24mi |
| 1581 Tustin Ave Costa Mesa, CA | 2.0 | 2.0 | 1100 | $5,400 | $4.91 | 18d | 1 | 1.25mi |
Listing history 24 events
-
2026-06-18days on market $559,000 Active 235 DOM
-
2026-06-17days on market $559,000 Active 234 DOM
-
2026-06-16days on market $559,000 Active 233 DOM
-
2026-06-15days on market $559,000 Active 232 DOM
-
2026-06-13days on market $559,000 Active 230 DOM
-
2026-06-13days on market $559,000 Active 229 DOM
-
2026-06-09days on market $559,000 Active 226 DOM
-
2026-06-08days on market $559,000 Active 225 DOM
-
2026-06-07days on market $559,000 Active 224 DOM
-
2026-06-04days on market $559,000 Active 221 DOM
-
2026-06-03days on market $559,000 Active 220 DOM
-
2026-06-02days on market $559,000 Active 219 DOM
-
2026-06-01days on market $559,000 Active 218 DOM
-
2026-05-31days on market $559,000 Active 217 DOM
-
2025-10-26$559,000 Active 1359-char remark
Show marketing remark (1359 chars)
Welcome home to a beautiful turnkey 2 bedroom/2 bath cottage well located in Bayside Village in the heart of Newport Beach. Step up to the front porch and door which leads you inside to the great room with turnkey kitchen, dining area, living space boasting high ceilings and lots of light from numerous windows. You can step outside to the private patio yard or walk down the hall to the bedrooms, bathrooms and laundry room. The master suite has lots of space & walk in closet, custom bathroom with built in cabinets. There is a light and bright second bedroom and bathroom. The laundry room has built in storage and doorway to carport. Living area has lots of windows and open kitchen with lots of cabinets, stainless appliances and an island. Enjoy privacy in the fenced patio yard. The carport has a lockable shed for your storage items. Property has no one behind for additional privacy. Just a short stroll away is the pool/jacuzzi/clubhouse/fitness room/shuffleboard court/barbeque/and picnic area and a also nearby is Back Bay, marina, north clubhouse, private beach, dog park and an additional bayfront pool/jacuzzi. This is resort style living! UNDERMARKET LAND LEASE at $3024 monthly includes water, trash, sewer and numerous community amenities. Come live the Newport Beach lifestyle at a fraction of the cost of surrounding neighborhoods.
-
2025-03-05soldstatus $450,000 Closed Sale 1444-char remark
Show marketing remark (1444 chars)
Enjoy your coastal retreat conveniently located within the water front community of Bayside Village. This single level 2 bedroom 2 bath home is a sweet reminder of how easy it is to enjoy the many amenities surrounding you both within this enclave and all other areas in the heart of Newport Beach. Built in 2014, your cottage has a very private side yard/patio area with mature plantings and shady spots to lounge, dine or relax with a great book! Spacious windows throughout compliment the high ceilings and open floor plan. Updated kitchen with center island creates an easy entertaining area that flows perfectly into your living and dining spaces! Enjoy the roomy primary ensuite with large walk in closet and a full bath with ample cabinets and storage. Your secondary bedroom has a custom closet and easy access to hall full bath. Carport parking with separate large storage shed perfect for bikes, boards and sports gear. (Guest parking also available. ) Inside laundry room features a stack washer/dryer and more storage. The community features pools and jacuzzi, bay front clubhouse, work out room, BBQ and picnic area, pet park, private beach, fire pit and guest parking. Walk, bike or kayak to all of your favorite restaurants and shops. Discover how easy it is to have that beach home. .. in this one of a kind neighborhood! Land Lease includes water, trash, and sewer. Assume current land lease from Seller, at a lower rate!!
-
2025-02-21status Pending Sale 1444-char remark
Show marketing remark (1444 chars)
Enjoy your coastal retreat conveniently located within the water front community of Bayside Village. This single level 2 bedroom 2 bath home is a sweet reminder of how easy it is to enjoy the many amenities surrounding you both within this enclave and all other areas in the heart of Newport Beach. Built in 2014, your cottage has a very private side yard/patio area with mature plantings and shady spots to lounge, dine or relax with a great book! Spacious windows throughout compliment the high ceilings and open floor plan. Updated kitchen with center island creates an easy entertaining area that flows perfectly into your living and dining spaces! Enjoy the roomy primary ensuite with large walk in closet and a full bath with ample cabinets and storage. Your secondary bedroom has a custom closet and easy access to hall full bath. Carport parking with separate large storage shed perfect for bikes, boards and sports gear. (Guest parking also available. ) Inside laundry room features a stack washer/dryer and more storage. The community features pools and jacuzzi, bay front clubhouse, work out room, BBQ and picnic area, pet park, private beach, fire pit and guest parking. Walk, bike or kayak to all of your favorite restaurants and shops. Discover how easy it is to have that beach home. .. in this one of a kind neighborhood! Land Lease includes water, trash, and sewer. Assume current land lease from Seller, at a lower rate!!
-
2025-02-07historical Active Under Contract 1444-char remark
Show marketing remark (1444 chars)
Enjoy your coastal retreat conveniently located within the water front community of Bayside Village. This single level 2 bedroom 2 bath home is a sweet reminder of how easy it is to enjoy the many amenities surrounding you both within this enclave and all other areas in the heart of Newport Beach. Built in 2014, your cottage has a very private side yard/patio area with mature plantings and shady spots to lounge, dine or relax with a great book! Spacious windows throughout compliment the high ceilings and open floor plan. Updated kitchen with center island creates an easy entertaining area that flows perfectly into your living and dining spaces! Enjoy the roomy primary ensuite with large walk in closet and a full bath with ample cabinets and storage. Your secondary bedroom has a custom closet and easy access to hall full bath. Carport parking with separate large storage shed perfect for bikes, boards and sports gear. (Guest parking also available. ) Inside laundry room features a stack washer/dryer and more storage. The community features pools and jacuzzi, bay front clubhouse, work out room, BBQ and picnic area, pet park, private beach, fire pit and guest parking. Walk, bike or kayak to all of your favorite restaurants and shops. Discover how easy it is to have that beach home. .. in this one of a kind neighborhood! Land Lease includes water, trash, and sewer. Assume current land lease from Seller, at a lower rate!!
-
2024-12-06$509,000 Active 1444-char remark
Show marketing remark (1444 chars)
Enjoy your coastal retreat conveniently located within the water front community of Bayside Village. This single level 2 bedroom 2 bath home is a sweet reminder of how easy it is to enjoy the many amenities surrounding you both within this enclave and all other areas in the heart of Newport Beach. Built in 2014, your cottage has a very private side yard/patio area with mature plantings and shady spots to lounge, dine or relax with a great book! Spacious windows throughout compliment the high ceilings and open floor plan. Updated kitchen with center island creates an easy entertaining area that flows perfectly into your living and dining spaces! Enjoy the roomy primary ensuite with large walk in closet and a full bath with ample cabinets and storage. Your secondary bedroom has a custom closet and easy access to hall full bath. Carport parking with separate large storage shed perfect for bikes, boards and sports gear. (Guest parking also available. ) Inside laundry room features a stack washer/dryer and more storage. The community features pools and jacuzzi, bay front clubhouse, work out room, BBQ and picnic area, pet park, private beach, fire pit and guest parking. Walk, bike or kayak to all of your favorite restaurants and shops. Discover how easy it is to have that beach home. .. in this one of a kind neighborhood! Land Lease includes water, trash, and sewer. Assume current land lease from Seller, at a lower rate!!
-
2024-12-05historical $509,000 1444-char remark
Show marketing remark (1444 chars)
Enjoy your coastal retreat conveniently located within the water front community of Bayside Village. This single level 2 bedroom 2 bath home is a sweet reminder of how easy it is to enjoy the many amenities surrounding you both within this enclave and all other areas in the heart of Newport Beach. Built in 2014, your cottage has a very private side yard/patio area with mature plantings and shady spots to lounge, dine or relax with a great book! Spacious windows throughout compliment the high ceilings and open floor plan. Updated kitchen with center island creates an easy entertaining area that flows perfectly into your living and dining spaces! Enjoy the roomy primary ensuite with large walk in closet and a full bath with ample cabinets and storage. Your secondary bedroom has a custom closet and easy access to hall full bath. Carport parking with separate large storage shed perfect for bikes, boards and sports gear. (Guest parking also available. ) Inside laundry room features a stack washer/dryer and more storage. The community features pools and jacuzzi, bay front clubhouse, work out room, BBQ and picnic area, pet park, private beach, fire pit and guest parking. Walk, bike or kayak to all of your favorite restaurants and shops. Discover how easy it is to have that beach home. .. in this one of a kind neighborhood! Land Lease includes water, trash, and sewer. Assume current land lease from Seller, at a lower rate!!
-
2024-11-30historical
-
2024-09-24price $509,000
-
2024-08-04status Active
-
2024-07-08historical
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 5/10 Major 7 d/yr ≥82°F today · 23 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $62,349
- − Mortgage interest
- −$31,313
- − Property taxes
- −$8,385
- − Insurance
- −$2,795
- − Repairs & maintenance
- −$4,988
- − Management
- −$4,988
- − Depreciation
- −$16,262
- Taxable loss
- −$6,382
- Est. tax savings @ 24.0%
- +$1,532
- After-tax cash flow
- $4,429/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Newport-Mesa Unified
- NCES district ID
- 0627240
- Math proficiency
- 46% ▼ -6.00%
- Reading proficiency
- 58% ▼ -5.00%
- Median HH income
- $83,922
- Composite
- 47.64/100
- National rank
- #2248
- State rank
- #106 of 517 in CA
Livability — Newport Beach
- Score
- 76/100
- State rank
- #101
- US rank
- #3645
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Newport Beach, CA
- County
- Orange County · 3,096,323 people
- City population
- 83,845
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 34,890
- Household income
- $159,564
- Rent vs Own
- Severe rent burden
- 2633.0
Population outlook (Orange County) Hauer SSP2
- Today (2025)
- 3,477,456 people
- By 2030
- 3,613,117 · +3.9%
- By 2040
- 3,835,945 · +10.3%
- By 2050
- 3,968,736 · +14.1%
- By 2075
- 4,097,053 · +17.8%
- By 2100
- 3,903,633 · +12.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (74%)
- Race & ethnicity
- White 74% Two or more races 10% Hispanic / Latino 10% Asian 9% Black 1%
- Hispanic origin (detail)
- Mexican 6%
- Common ancestry
- Italian 4% Lithuanian 3% Slovak 3%
- Foreign-born
- 16% · Canada, China, South Korea
- Languages at home
- 81% English-only · Spanish 5% Other Indo-European 5% Chinese 2%
Political lean MEDSL · Orange
- 2024 margin
- Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
- 2008→2024 swing
- +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
- All cycles
- 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 17.65%
- Current HPI
- 537.8751
- Rent YoY
- ▲ 4.11%
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
|
||
| Financial Services | 3 | $174B |
|
||
| Retail | 3 | $44B |
|
||
| Insurance | 3 | $26B |
|
||
| Media / Entertainment | 2 | $115B |
|
||
| Pharmaceuticals / Biotech | 2 | $62B |
|
||
Price history
+9.8% since first listed10 events — show timeline
- 2025-10-26 Listed $559,000 CRMLS
- 2025-03-05 Sold (MLS) $450,000 CRMLS
- 2025-02-21 Pending — CRMLS
- 2025-02-07 Contingent — CRMLS
- 2024-12-06 Listed $509,000 CRMLS
- 2024-12-05 Coming Soon $509,000 CRMLS
- 2024-11-30 Listing Removed — CRMLS
- 2024-09-24 Price Changed $509,000 CRMLS
- 2024-08-04 Relisted — CRMLS
- 2024-07-08 Coming Soon — CRMLS
Property tax history
-3.4%/yrLatest (2025): $550 · +14.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…