200 E Oceanfront, Newport Beach, CA 92661
- $7,200,000
- 5
- BD
- 4
- BA
- 2,428
- SqFt
- Sold Price
- $7,200,000
- List Price
- $7,875,000
- Closing Date
- Mar 28, 2025
- Status
- CLOSED
- MLS#
- NP25007974
- Year Built
- 1930
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,428
- Lot Size
- 2,614
- Acres
- 0.06
- Lot Location
- 0-1 Unit/Acre, Corner Lot, Zero Lot Line
- Days on Market
- 53
- Property Type
- Single Family Residential
- Style
- Bungalow
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
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.
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Additional Information
- Appliances
- Built-In Range, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Catalina, Neighborhood, Ocean, Panoramic, Water
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Newport
- Middle School
- Ensign
- High School
- Newport Harbor
- Interior Features
- Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Tyler Brown (tyler@tylerbrownre.com) from Listing Office: Compass.
Listing sold by Mahsa Townsend from The Boutique Real Estate Group
Mortgage Calculator
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.