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950 Cagney Ln APT 201, Newport Beach, CA, 92663

2beds
2baths
1,297sqft
$1,149,900
$887price/sqft
$7,341/moest. monthly cost
$293,640/yrincome needed

About This Home

Coastal living and resort-style amenities come to life in this beautifully positioned corner-unit residence within the gated community of Villa Balboa in Newport Beach. Ideally located between two community pools and spas; and just moments from the beach, Sunset Ridge Park, and the vibrant dining and shopping of the Newport Peninsula. This home offers an exceptional blend of comfort, convenience, and lifestyle, not to mention 2 designated parking spaces with a spacious storage. The light-filled layout features plantation shutters throughout and a gas fireplace that creates a warm and inviting living space. The private balcony includes a gas hookup line, ideal for outdoor grilling and entertaining. The kitchen is equipped with stainless steel appliances including a Viking gas range, GE Profile microwave, brand-new Frigidaire refrigerator and dishwasher, plus a Kenmore stackable washer and dryer in the adjacent laundry room/pantry area. Additional recent upgrades include a new HVAC system installed in 2024. Villa Balboa residents enjoy access to an impressive collection of amenities including two pools and spas, a tennis court and three pickleball courts, fitness center, a clubhouse with a separate conference room and barbeque area, secure gated entry, and 3 pedestrian access gates to Sunset Park. An opportunity to enjoy coastal Newport Beach living in one of the area’s most desirable gated communities.

Getting Around

85
WalkingVery Walkable
38
TransitSome Transit
58
BikeBikeable

Schools

9/10

Construction

Condition

  • Year built: 1983

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Gas Cooktop,Microwave,Refrigerator
  • Laundry features: In Kitchen,Stacked

Bathroom

  • Features: Bathtub,Tub Shower

Bedroom

  • Features: Bedroom on Main Level

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Breakfast Bar,Balcony,Elevator,Bedroom on Main Level,Main Level Primary
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,297 sqft

Master Bedroom

  • Features: Main Level Primary

Property

Details

  • Parcel number: 93077627
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: Association
  • Patio & porch: Patio
  • Has spa: Yes
  • Spa features: Association
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 0.42 Acres

Parking

  • Total spaces: 2
  • Parking features: Assigned,Controlled Entrance,Underground,Guest
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,814$69,768
Home Insurance *$91$1,092
Property Taxes $1,038$12,456
Electricity $398$4,786
Total$7,341$88,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$251,691/yr
40% on housing$220,230/yr
45% on housing$195,760/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$887This listing

vs Other Active Listings

Avg $/sqft

ZIP 92663$1,891
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92663$1,620
Orange County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-11Price change$1,149,900
2026-05-16Listed for sale$1,250,000
2019-04-05Listing removed$2,950
2019-03-14Listed for rent$2,950
2016-04-17Listing removed$2,700
2013-05-04Listing removed$2,500
2013-04-09Listed for rent$2,500
2005-09-30Sold$765,000
2004-05-11Sold$655,000
1999-06-25Sold$252,500
1997-01-17Sold$175,000

For Sale by Agent

AgentRegan Beegle
BrokerageTimes Real Estate CA

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