118 39th Street, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 3 bath

118 39th Street, Newport Beach, California 92663 home-pic-0
ACTIVE$2,650,000
118 39th Street, Newport Beach, California 92663
3Beds
3Baths
1,531Sqft
2,377Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Condominium Ownership Structure: Classified as a condominium, which may entail HOA fees, shared property elements, and potential restrictions, differing from a traditional detached single-family home.

Compared to the nearby listings

Price:$2.65M vs avg $1.56M (+$1,087,500)86%
Size:1,531 sqft vs avg 1,357 sqft55%
Price/sqft:$1.7K vs avg $90093%

More Insights

Built in 2013 (12 years old).
Condition: This custom-built home, constructed in 2013, is just over 10 years old but presents in virtually new condition. The description highlights high-end finishes such as travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC/heat. Images confirm a meticulously maintained interior with modern kitchen and bathroom designs, featuring dark wood cabinetry, light granite counters, and contemporary fixtures. There is no visible wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria of meeting current quality standards with minimal physical depreciation.
Year Built
2013
Close
-
List price
$2.65M
Original List price
$2.75M
Price/Sqft
$1,731
HOA
-
Days on market
-
Sold On
-
MLS number
NP25043047
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Welcome to your dream beachside retreat on the coveted Balboa Peninsula! This stunning custom-built home, just over 10 years old, offers the perfect blend of luxury, comfort, and investment potential. Ideally situated between the beach and the bay, this property is steps from the sand and within walking distance of the boardwalk, top-tier dining, lively bars, boutique shops, world class surf and a plethora of other outdoor activities. Featuring 3 bedrooms and 3 bathrooms, this meticulously designed residence features travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC and heat for year-round comfort. The rooftop patio offers views of this charming coastal community and is perfect for entertaining or unwinding after a day at the beach. Parking is no problem here with an attached garage and covered carport. What truly sets this home apart is its highly sought-after Short-Term Lodging Permit, making it a prime income-generating opportunity. This beach house will be sold fully furnished, making it a seamless investment for those looking to generate rental income whenever they are not personally enjoying the coastal lifestyle themselves. Don’t miss this rare opportunity to own a turnkey coastal escape in one of Southern California’s most desirable beach communities!

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.1mi
9/10
Newport Elementary School
Public,PK-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.4mi
Condition Rating
Excellent

This custom-built home, constructed in 2013, is just over 10 years old but presents in virtually new condition. The description highlights high-end finishes such as travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC/heat. Images confirm a meticulously maintained interior with modern kitchen and bathroom designs, featuring dark wood cabinetry, light granite counters, and contemporary fixtures. There is no visible wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria of meeting current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Coastal Location: Ideally situated steps from the sand, between the beach and bay on the coveted Balboa Peninsula, offering unparalleled access to the boardwalk, dining, shops, and world-class surf.
Valuable Short-Term Rental Permit: Includes a highly sought-after Short-Term Lodging Permit, making it a prime and seamless income-generating opportunity for investors.
Modern & Well-Appointed Interior: A custom-built home (2013) featuring high-end finishes such as travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC/heat.
Turnkey Investment with Ample Parking: Sold fully furnished for immediate rental or personal enjoyment, complemented by an attached garage and covered carport, a significant advantage in this beachside community.
Private Rooftop Patio: Offers an exclusive outdoor space with charming community views, perfect for entertaining or unwinding after a day at the beach.

Cons

Condominium Ownership Structure: Classified as a condominium, which may entail HOA fees, shared property elements, and potential restrictions, differing from a traditional detached single-family home.
Compact Living & Lot Size: With 1531 sqft of living space and a 2377 sqft lot, the property offers limited private outdoor ground space, which is typical for the peninsula but potentially restrictive for some buyers.
Limited Panoramic Interior Views: While the rooftop offers community views, the interior of the home does not boast panoramic ocean or bay views, which might be an expectation for a high-value beachside property.

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