$9,988,000
Pending
3032 sqft | 8 beds | 5 baths | 0.06 acres | #OC24147562
Listing OfficeCompass
Browse 32 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

2 ACTIVE SHORT TERM RENTAL PERMITS! Picture yourself embarking on a weekend getaway, feeling the soft grains of sand beneath your toes as you bask in the splendor of breathtaking sunsets, accompanied by fine wine and cherished friends. This extraordinary opportunity invites you and your loved ones to embrace ownership of an oceanfront property, while luxuriating in the rewards of a short-term rental. This amazing property also features APPROVED plans for a 2 bedroom roof deck addition, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five bedrooms and 3 baths. Guests will enjoy walking out to a large beachfront patio downstairs and a spacious ocean-view deck on the top floor. Both units are open and bright, and they showcase upgrades including wood-look wide-plank tile flooring, crown molding and granite bath surrounds. Fashionable kitchens display quartz countertops, peninsulas with waterfall-style edges, stainless steel appliances and white Shaker cabinetry. Property also comes with coastal approved plans for a third floor roof deck addition. The duplex’s outstanding location is destined to be a big attraction for short-term renters. Not only is it directly on the sand, it is close to Lido Marina Village, Fashion Island, golf, parks and world-famous surf spots.

  • Interior Details
      • Bedrooms8
      • Bathrooms5
      • Full Baths5
  • Property Details
      • ViewCatalina, Coastline, Ocean, Panoramic
      • Lot DescriptionRectangularLot
      • Stories2
    • Measurements
      • Acres0.0554
      • Square Feet3032
    • Parking
      • Parking Spaces2
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1963
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionBalboa Peninsula (Residential) (BALP)
    • Location
      • School DistrictNewport Mesa Unified
      • CountyOrange
  • Financial Details
      • Original List Price$9,988,000
  • Other
      • MLS #OC24147562

Location

Pam and Carson Real EstateReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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