PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1M down and seller will carry at 3% with interest-only payments. Buyer keeps all rental income (approx. $260K/year) to pay interest payments. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street "” steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!
|
DAYS ON MARKET
|
94
|
LAST UPDATED
|
6/7/2025
|
|
TRACT
|
Balboa Peninsula (Residential) (BALP)
|
YEAR BUILT
|
2020
|
|
COMMUNITY
|
N8 - West Newport - Lido
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| Elementary School |
Newport |
| Jr. High School |
Ensign |
| High School |
Newport Harbor |
|
Prior to Apr 9, '25
|
$5,900,000
|
|
Apr 9, '25 - Jun 7, '25 |
$5,200,000
|
| Jun 7, '25 - Today |
$4,988,888 |
| AIR |
Electric, Zoned |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan |
| AREA |
N8 - West Newport - Lido |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Forced Air |
| INTERIOR |
Built-in Features, Ceiling Fan(s), Granite Counters, Recessed Lighting, Stone Counters, Walk-In Closet(s) |
| LOT |
2352 sq ft |
| PARKING |
Attached, Attached Carport, Carport, Direct Access, Garage, Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3+ |
| STYLE |
Contemporary |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights, Mountain(s) |
| WATER |
Public |
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Listed with Surterre Properties Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/16/25 4:14 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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