Active
$2,899,500
1 Units
3 Beds
3 Baths
1,836 Area(sq.ft.)
Lot: 3,127 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | Yes | $ 240,000 | $ 240,000 | $ 240,000 |
| 1 | 3 | 3 | $ 240,000 | $ 240,000 | $ 240,000 |
| MLS #: | OC25089526MR |
| Days On Market: | 225 |
| Listing Date: | April 24, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,579 |
| Price per unit: | $ 2,899,500 |
| Year Built: | 2017 |
Property Details
A Coastal Gem with Exceptional Value and Elegance on the Balboa Peninsula Nestled just a gentle sea breeze from the beach and built in 2017, this magnificent Newport Beach property offers not only an impeccable coastal lifestyle but also the financial flexibility of a transferable "Newport Beach SHORT-TERM RENTAL PERMIT". Whether for personal enjoyment or rental income, this rare feature enhances its appeal. A beacon of coastal elegance, this Balboa Peninsula treasure spans three levels, offering expansive living spaces infused with high-end luxury. Fully furnished and turnkey, the home boasts three spacious bedrooms, a versatile loft, and three sophisticated bathrooms. Every corner is meticulously crafted to ensure both beauty and functionality. Soaring vaulted ceilings and grand windows bathe the interiors in radiant California sunshine, while wide-plank white oak floors and contemporary touches like stainless steel cable railings and stylish pendant lighting create a modern, inviting retreat. The chef s kitchen is a showstopper, featuring pristine quartz countertops, a large entertainment-ready island, sleek European cabinetry, and premium stainless-steel appliances. The open-plan living areas flow effortlessly, perfect for daily living and hosting. The primary suite is a private oasis designed for relaxation, with a spa-inspired bathroom, walk-in shower, soaking tub, and spacious walk-in closet. Outdoors, the rooftop terrace steals the show, offering panoramic views from coastline to skyline. It's ideal for sunset gatherings or quiet reflection and ready for a hot tub addition. Built with sustainability in mind, the home features fully paid-off solar panels (2018), recessed lighting, central heating/air conditioning, and a built-in wine refrigerator. Parking is convenient with a single-car garage and additional covered space. Located a block from the beach and within walking distance to fine dining, premier shopping, and vibrant beachside activities, this home offers not just a residence, but a sophisticated lifestyle of leisure and luxury. Thank you for considering this extraordinary turnkey coastal sanctuary.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 36,420 |
| Net Operating Income: | $ 203,580 |
Structure
| Community Features: | Biking, Curbs, Sidewalks, Street Lights |
| Security Features: | Fire Sprinklers, Security System, Smoke Detector |
| Style: | Modern |
| Sewer: | Public Sewer |
| View Description: | City Lights, Ocean, Peek-A-Boo |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Direct Entrance, Garage, Private |
Interior
| Cooking Appliances: | Convection Oven, Microwave, Range |
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Dryer Included, Freezer, Garage, Microwave, Washer, Washer Included |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Garage, Washer, Washer Included |
Exterior
| Pool: | No |
| Spa: | No |
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