Bungalow

200 E Oceanfront

Newport Beach , CA 92661

MLS#: NP25007974

$7,875,000

Status: Closed
Listing number: NP25007974
Listing provided by: Compass
Listing agent phone: None
Last update: 7 months ago
On site: 10 months ago
Browse Properties
Balboa Peninsula (Residential) (BALP) - Residential

Property

Beds

5

Full Baths

4

1/2 Baths

None

Year Built

1930

Sq.Footage

2,428

Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility. Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests. This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion. Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Recessed Lighting, Storage, Track Lighting

  • Total Bedrooms

    5

  • Bathrooms

    4

  • Cooling YN

    NO

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Main Level Bedrooms

    1

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Other Exterior Features

    Rain Gutters

  • Parking

    Attached, Garage Faces Rear

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    YES

  • View

    Neighborhood, Ocean, Panoramic, Water

Area & Lot

  • Lot Features

    Corner Lot, Zero Lot Line

  • Lot Size(acres)

    0.06

  • Property Type

    Residential

  • Property Sub Type

    Duplex

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $7,875,000

  • Sq. Footage

    2, 428

  • Price/SqFt

    $3,243

HOA

  • Association

    No

School District

  • Elementary School

    Newport

  • Middle School

    Ensign

  • High School

    Newport Harbor

Property Features

  • Stories

    2

  • Foundation Details

    Raised

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

Newport

Middle School

Ensign

High School

Newport Harbor

Listing Courtesy of Tyler Brown , Compass

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Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility. Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests. This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion. Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.

200 E Oceanfront

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