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8 Sand Dollar Ct
Newport Beach, CA

8 Sand Dollar Ct

$958,400
3 bd • 2 ba • 1,412 sf

This analysis was generated by artificial intelligence on 1/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$958,400

Price/Sq.Ft

$679

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• **Desirable Newport Beach Location:** The property is located in Newport Beach, a highly desirable coastal community known for its affluent lifestyle, beaches, and amenities. The address at 8 Sand Dollar Ct is a positive feature, as it is a prime location within Newport Beach. • **Standard Home Size:** The property has 1,412 square feet, which is a reasonable size for a family home. • **Three Bedrooms and Two Bathrooms:** The 3-bedroom, 2-bathroom configuration is a common layout for family homes, suggesting that the property is suitable for a family or a couple who desires extra space. • **Active Status:** The property is currently listed as 'active', meaning it is available for sale. • **Lower price per sqft:** The $678.75 price per sqft is lower compared to prices of other properties in the area, which is a good sign for a potential buyer.

The Bad

• **Limited Property Information:** The property lacks a description, room details, and utility information, making it difficult to assess the property's condition and suitability. This lack of transparency may deter some buyers. • **Unknown Year Built:** The unknown build year makes it difficult to assess the property's age and potential maintenance needs. Older homes may require more repairs. • **No Property Features Listed:** The absence of listed property features makes it difficult to understand the property's unique selling points. It also means that the property does not have any features that would make it stand out from the competition. • **High Cost of Ownership:** Newport Beach has high property values, property taxes, and homeowners insurance premiums, making the total cost of ownership very high. • **Potential for Coastal Hazards:** The coastal location presents risks of sea level rise, coastal erosion, and flooding. The extent of this risk for this property is unclear without additional location information. • **Potential for High Insurance Premiums:** Due to the coastal location and high property values, homeowners insurance premiums are typically very high.

The Ugly

• **Potential for Hidden Issues:** The lack of detailed property information creates a risk of hidden issues that may require costly repairs. Buyers should be prepared for potential surprises. • **High Total Cost of Ownership:** The combination of high property values, property taxes, and insurance premiums makes the total cost of ownership very high. This may make the property unaffordable for some buyers. • **Coastal Risks:** Newport Beach is exposed to a variety of coastal hazards, including sea level rise, coastal erosion, and flooding. The specific risk level for this property is unclear without further information, but these hazards are costly to deal with and can reduce the value of the property. • **Stringent Building Codes:** Newport Beach has strict building codes and regulations, which can make renovations and improvements difficult and costly. • **Lack of Transparency:** The lack of detailed information is a major red flag. The seller is not being transparent about the property, and that may indicate that there are problems they are not disclosing.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• **Families or Individuals Seeking a Central Newport Beach Location:** The property's location at 8 Sand Dollar Ct offers a desirable Newport Beach address, potentially appealing to those who prioritize proximity to local amenities, schools, and the coastal lifestyle. The 3-bedroom, 2-bathroom configuration suits smaller families or those desiring extra space. • **Buyers Comfortable with Limited Property Information:** Given the lack of detailed property descriptions, room details, or utility information, this property is best suited for buyers who are comfortable doing extensive due diligence and inspections. This is not for someone who wants to move in right away without any questions. • **Buyers with a Strong Financial Position:** Newport Beach's high property values and taxes necessitate a strong financial position, including a large down payment and the ability to handle high insurance premiums, making this best for financially secure buyers. The median income in the area is $118,718, suggesting this property is targeted at high-income earners. • **Buyers Looking for a Standard-Sized Home:** The 1,412 sqft home, while not large, provides a standard living space compared to some of the smaller units in the area, and is therefore suitable for those who don't want to live in a tiny home.

Not For

• **Buyers Seeking Detailed Property Information Upfront:** The lack of a property description, room details, and utility information makes this unsuitable for buyers who need comprehensive details before proceeding with an offer. • **Budget-Conscious Buyers:** Given the high property values and costs of living in Newport Beach, buyers on a tight budget may find this property unaffordable. The median income of $118,718 suggests this is a high-cost area. • **Buyers with Limited Time for Due Diligence:** This property requires thorough inspections and research due to the limited information provided. Buyers who do not have time for this process should look elsewhere. • **Buyers Seeking a Large Home:** The 1,412 sqft home is not very large and may not be suitable for buyers seeking expansive living spaces. • **Buyers Unwilling to Pay High Insurance:** Homeowners insurance costs are high in Newport Beach. Buyers unwilling to deal with high insurance premiums should look elsewhere.
Demographics
Area Median Income

$118,718

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Risk Assessment

Risk Analysis

• **Lack of Detailed Property Information:** The absence of a property description, room details, and utility information increases the risk of unforeseen issues. Thorough inspections are critical to uncover any problems. • **Coastal Environmental Risks:** Newport Beach is susceptible to sea level rise, coastal erosion, and flooding. Properties closer to the shore face increasing risks. The lack of elevation information makes it difficult to assess this risk directly. Insurance costs for flood and wind damage can be substantial. • **High Property Taxes and Insurance:** Property taxes and homeowners insurance in Newport Beach are typically very high, adding to the total cost of ownership. Supplemental assessments for local improvements may also apply. • **Intense Market Competition:** Newport Beach has a limited inventory and high demand, leading to intense competition. Buyers may need to offer above the asking price, and be prepared for quick decisions. • **Stringent Building Codes:** Newport Beach has strict regulations regarding construction, renovations, and landscaping. This can lead to delays and added costs for any future improvements. • **Traffic and Parking Issues:** Traffic congestion and limited parking, especially during peak seasons, are common concerns in Newport Beach. • **Potential for Noise and Privacy Concerns:** Depending on the location, noise from boat traffic, tourists, and local events can be a factor, as well as privacy concerns due to the density of some areas.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,191,917

24.4% above list price

Median Price

$1,300,000

Based on 6 recent sales

Price per Sq.Ft

$867

Comparable Properties

1969 Monrovia Avenue, Costa Mesa, CA 92627
Price: $1,300,000
Sq.Ft: 1,237
Beds/Baths: 4/2
$/Sq.Ft:
$1,05154.8%
Sale Date: 12/3/2024
2060 President Place, Costa Mesa, CA 92627
Price: $1,453,500
Sq.Ft: 1,449
Beds/Baths: 3/2
$/Sq.Ft:
$1,00347.8%
Sale Date: 9/3/2024
2214 Wallace Avenue, Costa Mesa, CA 92627
Price: $1,100,000
Sq.Ft: 1,575
Beds/Baths: 3/2
$/Sq.Ft:
$6982.9%
Sale Date: 9/27/2024
980 19th Street, Costa Mesa, CA 92627
Price: $1,190,500
Sq.Ft: 1,635
Beds/Baths: 3/2
$/Sq.Ft:
$7287.3%
Sale Date: 10/10/2024
9772 Star Drive, Huntington Beach, CA 92646
Price: $1,365,000
Sq.Ft: 1,243
Beds/Baths: 3/2
$/Sq.Ft:
$1,09861.8%
Sale Date: 9/19/2024
21372 Brookhurst Street #127, Huntington Beach, CA 92646
Price: $742,500
Sq.Ft: 1,197
Beds/Baths: 3/2
$/Sq.Ft:
$6208.6%
Sale Date: 9/27/2024

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