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Newport Beach, CA

$2,850,000

331 Walnut Street, Newport Beach, CA
5
Beds
6
Baths
2,546
Sq Ft
1962
Built
47
Days listed

About this home

Newport Shores - Positioned in West Newport Beach, this five-bedroom, five-and-one-half-bath residence offers a rare opportunity to live the Southern California coastal lifestyle steps from the sand. Thoughtfully updated throughout, the home delivers generous living spaces, refined finishes, and a versatile floor plan designed for both everyday living and effortless entertaining. At its center, a remodeled kitchen features quartz countertops, an expansive island, custom cabinetry, and a professional six-burner gas range. The kitchen opens directly into the family room and dining area beneath soaring ceilings appointed with crown molding, wainscoting, and skylights that invite coastal light through every hour of the day. A main-level bedroom suite provides ideal accommodations for guests, extended family, or multigenerational living. Upstairs, the primary suite serves as a private retreat complete with a soaking tub, and a separate shower. Three additional bedroom suites each offer remodeled baths, while an expansive bonus room, and secondary staircase provide a level of flexibility rarely found within Newport Shores. The home is designed to embrace Newport Beach's year-round coastal climate. Multiple outdoor living areas include a covered patio, open terrace, and a rooftop deck capturing panoramic views, coastal breezes, sunsets, and city lights. Additional appointments include double-pane windows, custom window coverings, and an attached two-car garage with guest parking nearby. Residents of Newport Shores enjoy a unique access to an exceptional collection of community amenities, including a heated pool, clubhouse, recreation room, pickleball and tennis courts, sport courts, playground, barbecue and picnic areas, and canal access for paddleboarding, kayaking, fishing, and a variety of waterfront activities.

Facts & features

Interior
Bedrooms
5
Bathrooms
5 full, 1 half
Living area
2,546 sq ft
Interior features
Beamed Ceilings, Breakfast Bar, Built In Features, Balcony, Chair Rail, Ceiling Fans, Crown Molding, Cathedral Ceilings, Eat In Kitchen, Granite Counters, High Ceilings, Multiple Staircases, Open Floorplan, Paneling Wainscoting, Quartz Counters, Stone Counters, Recessed Lighting, Two Story Ceilings, Bedroom On Main Level, Primary Suite
Appliances
Six Burner Stove, Dishwasher, Freezer, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
Flooring
Carpet, Stone
Fireplace
Gas Starter, Living Room
Heating
Central, Natural Gas
Cooling
Central Air
Laundry
Inside, In Garage
Levels
Two
Spa
Association
Exterior & lot
Lot size
0.057 acres (2,480 sq ft)
Pool
Fenced, In Ground, Association
View
Catalina, City Lights, Mountains, Water
Architectural style
Traditional
Year built
1962
Parking
Direct Access, Door Single, Garage
Parking spaces
2
Community
Area
N 8 - West Newport - Lido
County
Orange
Community features
Biking, Curbs, Fishing, Street Lights, Sidewalks, Water Sports
HOA fee
$55/mo
Listing details
Status
Active
Property type
Single Family Residence
Days on market
47
Listed
2026-06-05
Original price
$2,950,000
Terms
Cash, Cash To Existing Loan, Conventional
Parcel #
04506536
MLS #
PW26120563
Listed by
Victor Vasu · Pacific Sotheby's International Realty

Location

Price history

Listed
$2,950,000 · 2026-06-05
Price reduced
$2,850,000 (−$100,000)
Days on market
47
Current price
$2,850,000
Financing

Could this home be yours?

Estimated monthly payment
$17,879
$14,411 principal & interest · $3,468 taxes & insurance
$570,000
Estimate only
Loan $2,280,000

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Estimated value range nearby
$3,925,348$4,608,018

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Listing data provided by CRMLS

Listing courtesy of Pacific Sotheby's International Realty. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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