Newport Beach, CA Real Estate Search

Newport Beach, CA Homes between $3,000,000 and $4,000,000 for Sale

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Newest Newport Beach, CA Homes between $3,000,000 and $4,000,000 for Sale

$3,199,000
3 Beds 3 Baths OC24065021 MLS Active Status
Just a gentle sea breeze away from the beach and newly built in 2017, this Balboa Peninsula treasure emerges as a beacon of coastal elegance in the heart of Newport Beach, California. This fully furnished, turnkey sanctuary unfolds over three levels, offering three luxurious bedrooms, a versatile loft, and three sumptuous bathrooms. Accompanied by a single-car garage and additional covered parking, it's the rooftop terrace that truly captivates, delivering panoramic views that promise the pinnacle of relaxation and high-end entertainment. With architectural mastery at its core, the home features towering vaulted ceilings and grand windows that capture the radiant California sunshine, accentuating the spacious, open-plan living areas dressed in sophisticated, neutral tones. The luxury underfoot is tangible with wide-plank white oak floors, complemented by the grace of stylish pendant lighting from above. Stainless steel cable railings add a contemporary touch, leading residents through the vertical expanse of this refined urban retreat. The kitchen is a chef’s dream, resplendent with pristine white quartz countertops, a spacious island poised for entertaining, the finest stainless steel appliances, and sleek European cabinetry. The primary suite is a secluded haven with a spa-inspired bathroom, featuring dual vanities, an expansive walk-in shower, a lavish soaking tub, and a generous walk-in closet. Sustainable living is embraced here, with solar panels fully paid for in 2018 and an exceptional Airbnb license, adding remarkable value in Newport Beach. The home’s allure includes recessed lighting, central heating, and air conditioning, with the added luxuries of a built-in wine refrigerator and a chic custom backsplash. The rooftop space, ripe for the addition of a hot tub, offers a haven for both serene contemplation and vibrant socializing under the sky. Situated a mere block from the pristine sands and waves, within walking distance of fine dining, premier shopping, and the sublime beach, this property offers more than a residence—it curates a lifestyle of sophistication and leisure. We invite you to be captivated by this architectural wonder and to envision your life unfolding in this extraordinary coastal enclave, where every detail celebrates luxury, comfort, and the essence of dreamy beachside living. Thank you for considering this magnificent, fully furnished, and turnkey home, newly constructed in 2017.

4405 Channel Place, Newport Beach

$3,750,000
3 Beds 3 Baths OC24067579 MLS Active Status
Located in the highly coveted Cannery Village enclave of Newport Beach, this Exquisitely reimagined Newport Beach property is 2810 sq ft of living space with an additional 1100 sq ft of Garage space including a full 3 car garage and total parking for 5 cars! Developer spent over $700,000 on improvements .UPSTAIRS includes 1800 sq ft of living space with THREE BEDROOMS and 2 BATHROOMS. DOWNSTAIRS has approximately 1000 sq ft of RETAIL space and two adjoining extra tall garages. Plenty of parking for you and your guests with two oversized adjoining garages which are 1024 sq ft with two additional parking spaces behind each garage. TOTALLY REMODELED RARE MIXED USE in Cannery Village on Newport Peninsula. Prime prestigious Newport Beach location , this property offers both RESIDENTIAL AND COMMERCIAL spaces. Upstairs is a Three bed two bath living space with volume ceilings . Living room has a fireplace and newly remodeled kitchen with waterfall quartz counters and custom cabinetry. Three spacious bedrooms and two full bathrooms are located upstairs. A full laundry room offers ample storage. Brand new throughout, this home features gorgeous millwork and built in cabinetry and custom fireplace with shiplap. Located in the heart of Newport Beach, walk to world class beach ,fabulous eateries , Lido Isle boutiques and Theatre. The living space is separate and apart from commercial retail space below which also offers a full kitchen and a full downstairs bathroom with shower. Foot traffic and parking is abundant in this area. The downstairs commercial features a large picture window which is great for display and three separate entry doors to the exterior for easy access. So many potential uses! Garages are oversized and extra tall accommodating a car lift if required. Parking for FIVE cars! A HUGE ROOF TOP DECK features outdoor living area. Newport Beach has one of highest ranking school systems in the nation. The local customer base is sure to ramp up your business success!! THIS IS A MUST SEE!! The exquisite design is reminiscent of Lido house but with an East coast Traditional look and a Modern organic vibe ! Gorgeous custom millwork, very high end Designer grade stainless appliances , and custom hardware and upgraded lighting throughout. RARE!!!

2822 Newport Blvd, Newport Beach

$3,789,000
5 Beds 4 Baths NP24059117 MLS Active Status
In the ever expanding world of multi level single family homes, it is rare to have the privilege to offer a perfectly remodeled SINGLE LEVEL home on an exceptionally quiet street in a tree lined neighborhood with very low HOA dues, easy accessibility to all major freeways and within the boundaries of one of the most exceptional school districts in the entire state, K-12. Anchored by a lovely community park, Eastbluff is an established, friendly and welcoming community unmatched for convenient accessibility to all major freeways, shopping and dining and is located within the boundaries of one of the most exceptional school districts in the entire state, K-12. And for outdoor enthusiasts, 2215 Arbutus is adjacent to a myriad of activities along the banks of Newport’s treasure Back Bay including skating, walking and biking trails, kayaking opportunities, and bird watching activities along the its banks….not to mention the back drop to some of the most amazing sunsets on the Southern California coast. Recently taken down to the studs, this lovely home is notable for the quality of its exquisite finishes and surfaces. Luxury European Poggenpohl cabinetry from Germany, luscious authentic wood flooring, exotic tigerwood accents and sophisticated Phillip Jefferies wall coverings combine with a host of other materials to present a timeless, stylish and well crafted home featuring 4 bedrooms, 3 .5 full baths plus an additional space that is well suited for an office, gym or guest quarters. The formal dining room features handcrafted wood and glass built ins and sits adjacent to the kitchen where both spaces open up to a beautifully landscaped sparkling private pool and spa and an outdoor kitchen complete with premium appliances. The home also features an oversized fully drywalled and epoxy floored garage with copious amounts of built in storage. Perched on an elevated lot, on one of the most sought after streets in the tract, 2215 Arbutus enjoys a coveted location with no homes directly across the street presenting privacy, peacefulness and as much seclusion as you choose.

2215 Arbutus Street, Newport Beach

$3,485,000
4 Beds 4 Baths NP24052849 MLS Active Under Contract Status
Nestled in the heart of the highly coveted "Port Streets" neighborhood, this charming residence sits on one of the most prestigious streets within the Inner Loop. Imagine leisurely afternoons on your inviting front porch, where the simple pleasure of sipping lemonade transforms into an opportunity for friendly neighborhood gatherings. Spanning approximately 2,628 square feet, this home features four bedrooms and 3.5 bathrooms, including a sought-after main-level bedroom. At the heart of this captivating home lies a well-appointed kitchen, complete with a cozy breakfast area that seamlessly transitions into a casual living space. This space looks out onto the lush backyard, creating a perfect backdrop for everyday living. For more formal occasions, the dining room offers an elegant setting, complemented by a classic fireplace in the formal living room and a convenient powder room for guests. The backyard is a private retreat designed for relaxation and entertainment, featuring an outdoor fireplace and spa, surrounded by ample space for dining and lounging. This exceptional property is more than just a home; it's a lifestyle opportunity. Located just moments away from the community greenbelt, pool, clubhouse, and the acclaimed Andersen Elementary School, it offers an idyllic balance of community engagement and privacy. The Port Streets community is strategically positioned for easy access to world-class beaches, Fashion Island, John Wayne Airport, and a variety of dining options, ensuring that every convenience is within reach.

1815 Port Margate Place, Newport Beach

$3,400,000
NP24052384 MLS Active Status
READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.

422 E Bay Avenue, Newport Beach

$3,400,000
5 Beds 6 Baths NP24034851 MLS Active Status
READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.

422 E Bay Avenue, Newport Beach

$3,950,000
NP24048345 MLS Active Status
Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with overhead storage space, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing and more. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. All of the advantages of living at the beach, with an interior price tag.

219 E Bay Avenue, Newport Beach

$3,050,000
3 Beds 3 Baths NP24029475 MLS Active Under Contract Status
Experience luxury beach living in this impeccable masterpiece, meticulously designed by award-winning Laguna Beach Architect Walter Metez. Perfectly positioned just two blocks from the beach in the highly sought-after 400 block, this stunning residence is a testament to unparalleled craftsmanship and sophistication. It features an open concept kitchen with quartz countertops, subway tile backsplash, custom Alvic LaserTech cabinetry, top of line Thermador appliances, Zephyr Range Hood wrapped in custom oak, and an impressive kitchen island. The kitchen and living room are each framed with a set of custom pocketing doors allowing seamless flow for indoor/outdoor entertaining as well as an abundance of natural light. This home also offers an inviting master retreat with beamed ceilings, a private deck, and an incredible spa-like bath with a Picasso Maestro Collection Thermal Air bath, walk-in frameless shower, custom floating double vanity with quartz countertops, California Faucets, and a separate water closet. There are two additional spacious bedrooms and two additional well-appointed baths boasting custom cabinetry and stone work. Other amenities include: wide plank light oak hardwood flooring, porcelain flooring, central air conditioning, water softener and filtration system, all new plumbing with tankless water heater and new sewer line, all new electrical with energy efficient LED lighting, gas fireplace, exterior smooth coat stucco, Western windows, two-car garage, and much more. Enjoy luxury beach living as well as the amenities of the Newport Shores Community Association - pool, tennis, clubhouse, basketball, volleyball, BBQ, and play areas.

440 Prospect Street, Newport Beach

$3,099,900
4 Beds 3 Baths OC24027007 MLS Active Under Contract Status
This charming home is located in one of the best kept secrets of Newport Beach, nestled behind Back Bay in an equestrian neighborhood with oversized lots, quiet streets, with Back Bay access. The grand entry features an extra wide dutch door, wide plank hardwood floors and plenty of natural light. A large downstairs home office overlooks the neighborhood, with ample storage. The secondary downstairs bedroom features double French doors opening to the garden and a luxurious guest bath with oversized bathtub. The custom kitchen overlooks the newly renovated backyard through beautiful bifold windows. Features include vaulted ceilings, custom molding throughout, custom wood cabinets, panel ready appliances, a gorgeous La Cornue stove, sub zero refrigerator and quartzite counters. All bedrooms upstairs are oversized featuring vaulted ceilings, crown molding and chandeliers. The primary bedroom includes a fireplace, custom cabinetry and a retreat-like ensuite bathroom with spa tub. With bifold doors that completely open to the backyard, the outdoor space doubles the use of the home. The backyard is truly the host’s dream; highlights include an expansive flagstone deck, dining for up to 20, a custom fireplace, steel overhang with built-in heaters, lighting and climbing roses, a secondary seating area with natural gas lines for easy barbecuing and fireside entertaining, and an expansive lawn. With a built-in hot tub and even mature landscaping, the backyard is as good as the indoors! This home won’t last!

20261 Spruce Avenue, Newport Beach

$3,295,000
2 Beds 3 Baths OC24023030 MLS Active Status
Uncover the epitome of modern living at 1817 W Bay Avenue, Newport Beach! This home is a symphony of sophistication, boasting a myriad of improvements and thoughtful details throughout. From the moment you step inside, revel in the allure of brand-new Artistry hardwood floors, luxury wool carpeting, and stone tile spanning the entire home. LED lighting elegantly illuminates every corner, enhancing the ambiance with recessed lights and fixtures. Notable upgrades include new custom interior doors and hardware, baseboards, door casings, entire interior has been painted and drywalled with a smooth finish on all of the walls offering a touch of refined craftsmanship. Bedroom bliss awaits with full built-in organizers in all closets, while the laundry room captivates with custom Walker Zanger tile. Embrace personalized comfort with new split systems in every room and a ceiling fan in the living room. The heart of this residence, the kitchen, is a culinary haven. Revel in the Sub-Zero refrigerator and freezer, Fisher & Paykel 30” Dual Fuel Range with Four Burners, built in pantry and custom white oak cabinets. The expanded kitchen, adorned with Calacatta Venato countertops, beckons you to create culinary masterpieces. Entertain in style in the living and dining areas, featuring a custom fireplace surround, Monte Carlo fan, and Corbett chandeliers. The powder room exudes elegance with a custom-made vanity, Taj Mahal countertops, and Walker Zanger custom tiled wall. Unwind in the primary bedroom retreat, full custom closet organizers, and new casement window. The primary bathroom boasts a custom navy vanity, Brizo fixtures, and a freestanding tub surrounded by Bush hammered basalt herringbone pattern tile. The second bedroom is a sanctuary, featuring a new casement window, split unit, custom furniture, and bedding and a bathroom with a custom-built vanity and Brizo fixtures. Every detail is curated in the laundry closet, adorned with custom white oak cabinets, abalone shell pulls, and electronic Whirlpool appliances. The garage is a standout with epoxy flooring, LED lighting, and a new man door. Escape to the backyard oasis, complete with a Spa, electronic link, lush turf, and landscaping – a private haven for relaxation.

1817 W Bay Avenue Unit 3, Newport Beach

$3,800,000
4 Beds 4 Baths PW24017699 MLS Active Status
Discover the epitome of coastal living in this immaculately remodeled, single story, ranch style Newport Beach residence, perfectly situated just steps away from the breathtaking Back Bay. Nestled on a coveted corner lot, this home boasts 4 bedrooms and 4 bathrooms within just under 4,000 square feet of thoughtfully designed space. Step into a realm of refined elegance and comfort where every detail has been meticulously crafted. The upgraded chef's kitchen is a culinary haven, featuring top-of-the-line appliances, while the two spacious living rooms provide ample room for relaxation and entertainment. Vaulted ceilings add an airy and open atmosphere, complemented by the warmth of fireplaces in both living rooms. Indulge in the luxury of the master bathroom with a jacuzzi tub, offering the perfect retreat for relaxation. The entire home is naturally lit, creating a warm and inviting ambiance. A dedicated office space bathed in natural light adds practicality to the design. Enjoy seamless indoor-outdoor living with a private pool and jacuzzi, perfect for entertaining or unwinding in your own backyard paradise. The outdoor kitchen enhances the experience, providing a delightful space for al fresco dining. This Newport Beach haven invites you to experience the coastal lifestyle with its upgraded amenities, optimal location, and meticulously designed interior. Don't miss the opportunity to call this home, where every detail has been perfected for the ultimate modern coastal living experience.

2201 Heather Lane, Newport Beach

$3,795,000
6 Beds 5 Baths OC24019394 MLS Active Status
Nestled within the prestigious equestrian enclave of Newport Beach, 2351 Azure Avenue stands as a testament to refined luxury. This opulent residence, spanning 4,150 sq. ft., boasts six bedrooms and five bathrooms, offering an unrivaled living experience. A grand entrance, adorned with a sweeping driveway and gated porte-cochère, sets the stage for the extraordinary. Step into the heart of indulgence as the kitchen unveils its splendor, featuring brand-new Dacor appliances, granite countertops, and a designated wine storage area. The culinary space seamlessly transitions into the dining room, creating a sophisticated ambiance for both intimate dinners and grand gatherings. Drenched in natural light, the expansive interiors reveal soaring ceilings and an exquisite formal living room adorned with a dramatic double-height ceiling. Ascend the traditional staircase to discover the lavish primary suite, a sanctuary of comfort boasting built-in storage, dual walk-in closets, and a sumptuous soaking tub. Two additional bedrooms, connected by a tasteful Jack-and-Jill bath, and a dedicated homework area complete the upper level. A secluded guest suite, located above the two-car garage, offers a private retreat with a bedroom, well-appointed kitchen, inviting living area, and a luxurious bathroom. The main level features a well-appointed laundry room, an extra bedroom, and a full bath, offering versatile living spaces or the potential for an ADU. The outdoor sanctuary beckons with a meticulously designed backyard, featuring a charming patio, a built-in BBQ station, and a custom-designed pool that effortlessly doubles as a mesmerizing water feature. The expansive paved area provides an idyllic backdrop for sophisticated entertaining, ensuring unforgettable moments with family and friends. This residence, proudly contributing to Mariner's Elementary, seamlessly combines convenience and prestige, with easy access to major freeways, proximity to the pristine beaches, and a wealth of premier shopping and dining destinations. Discover a life of unparalleled luxury at 2351 Azure Avenue, where every detail exudes sophistication and grandeur.

2351 Azure Avenue, Newport Beach

$3,775,000
NP24016155 MLS Active Status
Welcome to 210 Grant St, a luxury Duplex in highly coveted Newport Beach. Nestled perfectly between the Canal and Pacific Ocean. This property has been exquisitely remodeled and completely upgraded over the last year and a half. Meticulous care went into every detail. Two units, each with 3 bedrooms and 2 bathrooms. Upstairs unit B is the premiere unit, boasting a larger footprint, soaring vaulted ceilings with lots of sky lights, tons natural light, wood beamed ceilings throughout and an oversized back deck. This unit also features ocean and canal views from some of the kitchen & living room windows. Think sunset views and ocean breezes! Both units are highlighted with open floorplans for the kitchens, living rooms and dining rooms. The kitchens feature big islands with barstool eating area, quartz counter tops, new high-end stainless-steel appliances, pendant lighting and soft close cabinets. All bathrooms have quartz counter tops and smart mirrors. The primary bathrooms also feature large glass enclosed showers, dual sinks and smart toilets. Other upgrades are luxury vinyl flooring throughout, ceiling fans in every bedroom, new dual pane windows, new PEX piped plumbing, new exterior stucco siding and insulation, added interior insulation and sound barrier between levels, laundry relocated from garage to the interior of each unit, new washer/dryers, new front patio cement, new vinyl fences & no HOA fees. Both units have their own separate 1 car garage each with alley access. Primly located just across PCH from one of Newport’s best beaches and surf spots. Larger than most others in the area, this beach gives you ample space to post up, relax, tan, play volleyball or enjoy the cooling waters of the Pacific Ocean. Only a few steps to the Canal where you can enjoy paddle boarding or kayaking. Walking distance to multiple great neighborhood restaurants, coffee shops & Frog House Surf Shop. Just a short distance to all the rest that Newport Beach has to offer, including the beautiful harbor for boating and sailing, bay front dining establishments, Lido Marina Village, Cannery Village, Hoag Hospital and is in the award-winning Newport Unified School District. This remodel was not intended to be a flip, the owner originally planned to live in it. So extra time and care was taken with the work that was done. This is a great investment opportunity, rent out both units or live in one and rent out the other. Don’t miss out.

210 Grant St, Newport Beach

$3,775,000
6 Beds 4 Baths NP24015201 MLS Active Status
Welcome to 210 Grant St, a luxury Duplex in the highly coveted Newport Beach. Nestled perfectly between the Canal and Pacific Ocean. This property has been exquisitely remodeled and completely upgraded over the last year and a half. Meticulous care went into every detail. Two units, each with 3 bedrooms and 2 bathrooms. Upstairs unit B is the premiere unit, boasting a larger footprint, soaring vaulted ceilings with lots of sky lights, tons natural light, wood beamed ceilings throughout and an oversized back deck. This unit also features ocean and canal views from some of the kitchen & living room windows. Think sunset views and ocean breezes! Both units are highlighted with open floorplans for the kitchens, living rooms and dining rooms. The kitchens feature big islands with barstool eating area, quartz counter tops, new high-end stainless-steel appliances, pendant lighting and soft close cabinets. All bathrooms have quartz counter tops and smart mirrors. The primary bathrooms also feature large glass enclosed showers, dual sinks and smart toilets. Other upgrades are luxury vinyl flooring throughout, ceiling fans in every bedroom, new dual pane windows, new PEX piped plumbing, new exterior stucco siding and insulation, added interior insulation and sound barrier between levels, laundry relocated from garage to the interior of each unit, new washer/dryers, new front patio cement, new vinyl fences & no HOA fees. Both units have their own separate 1 car garage each with alley access. Primly located just across PCH from one of Newport’s best beaches and surf spots. Larger than most others in the area, this beach gives you ample space to post up, relax, tan, play volleyball or enjoy the cooling waters of the Pacific Ocean. Only a few steps to the Canal where you can enjoy paddle boarding or kayaking. Walking distance to multiple great neighborhood restaurants, coffee shops & Frog House Surf Shop. Just a short distance to all the rest that Newport Beach has to offer, including the beautiful harbor for boating and sailing, bay front dining establishments, Lido Marina Village, Cannery Village, Hoag Hospital and is in the award-winning Newport Unified School District. This remodel was not intended to be a flip, the owner originally planned to live in it. So extra time and care was taken with the work that was done. This is a great investment opportunity, rent out both units or live in one and rent out the other. Don’t miss out.

210 Grant St, Newport Beach

$3,995,000
OC24007802 MLS Active Status
Iconic, mixed-use 2-unit building located in Newport Beach’s popular Cannery Village. This Mediterranean-style property offers one residential unit and one commercial office/retail space. Upstairs you will find an extremely large residential unit consisting of 4 bedrooms, 3 of which are en suite, and 3.5 bathrooms. THIS RESIDENTIAL UNIT HAS A SHORT-TERM LODGING PERMIT and is currently being used as a short-term rental. It is a generous 2,117 square feet and boasts peek-a-boo water views of the harbor from the living room and large front sundeck. Updated and remodeled throughout with thoughtfulness to preserve some of the original elements of the vibrant property. A perfectly placed center atrium brings an abundance of natural light into the center of the home. Vaulted ceilings, skylights, and open spaces give a sense of vastness. There is a laundry room conveniently located in the hallway. The primary bathroom has an oversized operable skylight that can be opened for natural air circulation. This residential unit has 2 dedicated garage spaces that are tandem parked. Downstairs you will find a versatile commercial office/retail space that is approximately 1,000 square feet. There is a dedicated bathroom for the commercial space and in the rear, you will find 4 car parking with easy access off the alley. It is currently leased as office space at $3,200 per month with the end of the lease term in mid-June, 2025. You cannot ask for a better location! Centrally located in the heart of the Balboa Peninsula within the charming Cannery Village. The oversized lot size of this property is slightly wider than the typical 30-foot-wide standard lot size found in this area. Most of the mixed-use properties located nearby have a live/work deed restriction that requires the same owner to occupy the residential unit as well as run the downstairs commercial business. This property does NOT have that deed restriction. This means that each unit can be occupied by a completely separate and independent party. Note: The Seller would like to do Seller-Financing for qualified Buyers on terms that are favorable and agreeable to all parties.

507 29th Street, Newport Beach

$3,649,000
NP23179029 MLS Active Status
Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.

2711 W Balboa Boulevard, Newport Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.