238 Walnut Street

Newport Beach, CA 92663

$2,395,000

4 beds
2 baths
1,719 sq ft
0.06 acres
Built 1962

Listed by First Team Real Estate · MLS #NP26125847

238 Walnut Street, Newport Beach, CA 92663 — photo 1

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238 Walnut Street, Newport Beach, CA 92663 · MLS #NP26125847

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The front patio offers privacy behind a brick wall and vinyl fencing, while the rear patio provides a shaded retreat beneath a pergola just off the kitchen, offering multiple spaces for relaxing, entertaining, and enjoying Southern California’s outdoor lifestyle.

Year built

Built in 1962.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This meticulously maintained 4-bedroom, 2-bath Newport Shores home offers a spacious two-story floor plan plus two outdoor living spaces, a rare combination in this close-knit beach community. Hardwood floors throughout the main floor living areas, plantation shutters, exposed wood beams, tongue-and-groove ceilings, and a wood-burning brick fireplace add warmth and character.

The flexible floor plan features an open kitchen with white cabinetry, granite countertops, stainless steel appliances, and a bright dining area that connects seamlessly to the living spaces. The main level includes a bedroom and adjacent bath with walk-in shower, while upstairs offers three additional bedrooms, including two connected by a Jack-and-Jill bath with dual sinks and granite countertops. A distinctive A-frame room adds flexibility and architectural character, making it ideal for a bonus room, playroom, home office, or creative space.

Two outdoor living areas further enhance the home’s appeal. The front patio offers privacy behind a brick wall and vinyl fencing, while the rear patio provides a shaded retreat beneath a pergola just off the kitchen, offering multiple spaces for relaxing, entertaining, and enjoying Southern California’s outdoor lifestyle.

The home has been well cared for over the years, with numerous updates and improvements throughout. Highlights include an updated kitchen and bathrooms, epoxy garage flooring, recent exterior paint, updated electrical panel, new furnace (2019), new hot water heater (2022), whole-home water softener, reverse osmosis drinking water system, termite fumigation (2025), and a 40-year roof installed approximately 20 years ago.

Nestled along a tranquil canal, Newport Shores offers a unique coastal lifestyle with exceptional amenities. Residents enjoy access to a waterfront clubhouse, lap pool, tennis and basketball courts, beach volleyball, and picnic and BBQ areas. Just across the street, the beach awaits for surfing, swimming, and sunset walks. Local favorites including Vacancy Coffee and the Frog House Surf Shop are a short walk away, while other local destinations including the harbor, Lido Marina Village, Cannery Village, and Hoag Hospital are all just minutes away. The home is located within the award-winning Newport-Mesa Unified School District.

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THE NEIGHBORHOOD

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238 Walnut Street, Newport Beach, CA 92663

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1962
Full baths: 2
Garage spaces: 2
Cooling: None
Heating: Central
Appliances: Dishwasher,GasRange,Microwave,Refrigerator,WaterSoftener,WaterHeater,WaterPurifier
Flooring: Carpet,SeeRemarks,Wood
Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Fencing: Brick,Vinyl,Wood
Pool: Yes
Pool features: Community,Heated,InGround,Private,Association
Spa: No
Subdivision: Newport Shores (NEWS)
Parcel: 04506753
HOA: Newport Shores Community Association
HOA amenities: Clubhouse,OutdoorCookingArea,OtherCourts,Barbecue,PicnicArea,Playground,Pickleball,Pool,TennisCourts
HOA fee frequency: Monthly
Elementary school: Newport
Middle school: Ensign
High school: Newport Harbor
HOA fee: $70.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$9,979.17

Cap rate—

Annual operating income: —

HOA: Includes $70.00 per month in HOA dues, converted from the $70.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #NP26125847 · California Regional MLS

Listing brokerage: First Team Real Estate
Listing agent: Nick Skawinski

Listing status: Active. Record updated September 13, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.