$7,200,000
$7,875,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
200 E Oceanfront Newport Beach, CA 92661
5 Beds
4 Baths
2,428 SqFt
Key Details
Sold Price $7,200,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $2,965
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID NP25007974
Style Craftsman/Bungalow
Bedrooms 5
Full Baths 4
Year Built 1930
Property Sub-Type Townhome
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 Beacha 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 coastlineall just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy invest
Location
State CA
County Orange
Interior
Heating Wall/Gravity
Flooring Linoleum/Vinyl
Fireplaces Type FP in Living Room
Exterior
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Ocean, Panoramic, Water, Catalina, Neighborhood
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
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Bought with Mahsa Townsend The Boutique Real Estate Group
