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Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach "” with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready "” complete with two transferable STR permits and a proven income history. Whether you're looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA "” Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA "” A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later"”this is a Newport Beach opportunity you don't want to miss.
Property Type(s):
Single Family
| Last Updated | 6/26/2025 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 2020 | Community | N8 - West Newport - Lido |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| Elementary School | Newport |
|---|---|
| Jr. High School | Ensign |
| High School | Newport Harbor |
Price History
| Prior to Apr 9, '25 | $5,900,000 |
|---|---|
| Apr 9, '25 - Jun 7, '25 | $5,200,000 |
| Jun 7, '25 - Jun 26, '25 | $4,988,888 |
| Jun 26, '25 - Today | $4,800,000 |
Additional Details
| 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 |
Location
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Listed with Surterre Properties Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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