Homes for sale - 200 East Oceanfront, Newport Beach, CA 92661

Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

Listed by Tyler Brown • Compass

$8,000,000

Est. payment - /mo

2,428 SqFt

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UPDATED:

12/20/2024 04:34 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,428 sqft

Price per Sqft $3,294

Subdivision Balboa Peninsula (Residential)

MLS Listing ID NP-24122462

Style Bungalow

Year Built 1930

Lot Size 2,614 Sqft

Property Description

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.

Location

State CA

County Orange

Interior

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

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type Living Room

Laundry Common Area, In Garage

Exterior

Exterior Feature Rain Gutters

Parking Features Garage Faces Rear

Garage Spaces 2.0

Pool None

Community Features Sidewalks, Storm Drains, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N Yes

View Panoramic, Ocean, Water, Catalina

Building

Lot Description Corner Lot, Zero Lot Line, 0-1 Unit/Acre

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Agent | License ID: 01354001

Agent License ID: 01354001

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200 East Oceanfront Newport Beach, CA 92661

Paul Ward

Key Details

Location

Interior

Exterior

Building

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