
Newport Beach, California 92663
This Premier Beachfront Duplex is a high-end income-generating asset listed at $4,895,000, reflecting a fair market premium for its rare, active Short-Term Lodging Permits. While the Fair Market Value is estimated at $4,498,637, the property’s Condition Rating of 3 and sweeping Pacific views justify its valuation. Featuring resort-style amenities like a standalone sauna and jacuzzi, the home is steps from the sand and Newport Elementary (9/10). This is a strategic acquisition for Luxury Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal lifestyle with immediate revenue potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 106 31st Street Subject | $4,495,000* List Price | 5 | 3 | 2,353 | $1,639 | - |
A 107 23rd Sold | $3,165,000 | 4 | 4 | 2,140 | $1,479 | 0.3 mi |
B 4208 River Sold | $4,350,000 | 4 | 4 | 1,900 | $2,289 | 0.2 mi |
C 112 34th Street Sold | $4,100,000 | 0 | 0 | 2,800 | $1,464 | 0.1 mi |
D 410 Clubhouse Active Under Contract | $4,000,000 List Price | 5 | 5 | 2,700 | $1,481 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1932, this Spanish-style duplex has been thoughtfully updated for contemporary living and is move-in ready. The property features updated kitchens with modern appliances and breakfast bars, well-maintained flooring, and resort-style amenities including a sauna and jacuzzi. It serves as an active short-term rental, indicating that systems and interiors are maintained to a high standard, though it retains original architectural charm rather than being a brand-new construction.
Elementary School: Newport Elementary School (9/10).
The property comes with active short-term lodging permits, a highly coveted and restricted asset in Newport Beach that offers immediate, high-yield investment opportunities.
Situated just steps from the boardwalk and sand, this residence captures sweeping Pacific Ocean and coastline views, providing a quintessential beachfront lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2178, other record lot size in square feet = 2353. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2353, other record living area = 918. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1932, the property's vintage Spanish architectural elements may require more frequent and specialized maintenance compared to modern coastal constructions.
The resort-style amenities and outdoor spaces are shared between the two units, which may limit privacy for high-end tenants or owner-occupants.
This premier duplex beachfront residence with active short term rental permits presents a rare opportunity to own a piece of coastal history, where timeless Spanish charm and original architectural elements have been thoughtfully updated for contemporary living. The front unit serves as an elegant vantage point for the Pacific, capturing sweeping ocean views from the living room and front bedroom, and featuring a scenic breakfast bar along with a private front patio with built-in seating. Equally sophisticated, the back unit offers generous proportions, a large eating area, and an expansive patio designed for effortless outdoor enjoyment. A central spiral staircase elegantly connects top-level living area with a primary suite to the two lower bedrooms and a shared bath, providing a modern flow that maintains a sense of privacy for all occupants. While just a row from the sand, this property does not lack in resort-style shared amenities, including a standalone sauna and a rejuvenating jacuzzi, alongside a finished garage that could easily function as an artist’s studio or a storage space. The property’s prime location puts it just steps from the boardwalk and the area’s grocery store. Complete with active short-term lodging permits, this residence represents a unique opportunity to experience the very best of coastal living in a home that is as functional as it is beautiful.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades PK-6 • 0.9 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 59% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,353 | 2,461 | 41% |
| Lot Size | 2,178 | 2,701 | 12% |
| Price | $4.50M | $4.10M | 65% |
| Price per sq ft | $1.9K | $1.7K | 59% |
| Built year | 1932 | 1956 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 178 | 6% |
Mar 28, 2026
$4,495,000
$4,895,000
-8% Price Drop
Initial Listing
Mar 6, 2026
$4,895,000
Initial Listing