200 E Oceanfront, Newport Beach, CA 92661
- $8,000,000
- $3,295
- $8,000,000
- $3,295
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.
Address
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Address: 200 E Oceanfront
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City: Newport Beach
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State/county: CA
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Zip/Postal Code: 92661
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Area: NP - Balboa Peninsula
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Country: United States
Details
Updated on August 25, 2024 at 6:33 am-
Property ID SGR-33571516
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Price $8,000,000
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Land Area 2614.00 m²
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Garages 2.00
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Year Built 1930
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Property Type Residential Income
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Property Status For Sale
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Living Area 2428.00
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MLS# NP24122462
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Office Name COMPASS
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Agent Name Tyler Brown
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 02043514
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IDX Contact Info 949-220-4409
Additional details
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Roof Composition
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View Catalina,Neighborhood,Ocean,Panoramic,Water
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Sewer Public Sewer
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Cooling None
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Heating Wall Furnace
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Flooring Vinyl
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County Orange
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Property SubType Duplex
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Parking 2.00
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Water Source Public
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