
Newport Beach, California 92661
This Turnkey Coastal Duplex represents a High-Potential Investment Opportunity, listed at $5,995,000—positioned well below the $6,226,764 Fair Market Value by 3%. This valuation gap offers $231,764 in Instant Equity. Extensively remodeled in 2021 with an Excellent Condition Rating, the property features premium Thermador appliances and rare five-car parking. Located near the 9/10 rated Newport Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a refined, income-generating beach retreat.
Property is new construction or fully renovated.
Extensively remodeled in 2021 (within the <5y reno window), the property features high-end designer finishes, Thermador appliances, and modern systems including LG mini-split HVAC and smart home integration, placing it in mint, move-in-ready condition.
Elementary School: Newport Elementary School (9/10).
Extensively renovated in 2021 with premium finishes including Thermador appliances, DuChâteau flooring, and smart home integration, offering a move-in-ready experience with modern coastal aesthetics.
Features a two-car garage plus a rare three-car carport, providing a total of five parking spaces—a significant competitive advantage and rarity on the Balboa Peninsula.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2741. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2629, other record living area = 2339.
With a lot size of 2,614 square feet, the property lacks a traditional yard or significant ground-level green space, relying primarily on the upper-level deck for outdoor living.
While located near the water, the property offers only 'peek-a-boo' bay views, which may be a drawback for buyers seeking expansive, unobstructed coastal vistas at this luxury price point.
Extensively remodeled in 2021, this exceptional Balboa Peninsula duplex blends refined coastal design with thoughtful modern living just moments from the sand, bay, and Marina Park. Striking coastal-modern architecture showcases crisp white brick, expansive glass, custom steel bifold doors, black metal accents, warm wood detailing, and casement windows thoughtfully designed to maximize natural light and ocean breezes throughout. Inside, both residences feature 9-inch-wide DuChâteau Atelier hardwood flooring, custom beadboard and wainscoting, Serena & Lily wallpaper accents, custom built-ins, and designer lighting. The lower residence spans approximately 1,343 square feet with two bedrooms and two full bathrooms, while the approximately 1,286-square-foot upper residence features three bedrooms, two full bathrooms, and a spacious covered entertaining deck complete with custom shade structure, gas and water hookups, and seamless indoor-outdoor flow. Multiple fireplaces, custom media cabinetry, motorized Hunter Douglas shades, integrated smart home features, and custom built-in elements further elevate the living experience throughout both units. Both kitchen and bath spaces have been extensively customized with premium finishes and designer materials, including Thermador appliances, quartzite and quartz countertops, handcrafted zellige tile, Rohl and Hansgrohe fixtures, Toto toilets, custom vanities, and curated selections from Walker Zanger, Tabarka Studio, Artistic Tile, and Mosaic House. Additional highlights include separate LG mini-split HVAC systems with individualized climate control throughout living spaces and bedrooms, Kolbe windows and doors throughout, integrated security and leak detection systems, EV charging infrastructure, an attached two-car garage with epoxy flooring and custom cabinetry, and a covered three-car carport — an exceptionally rare amenity on the Peninsula. Located moments from the beach, bayfront recreation, the Fun Zone, local cafés, restaurants, and waterfront activities, this exceptional property offers a rare combination of lifestyle, versatility, and long-term value in one of Newport Beach’s most desirable coastal communities. Whether envisioned as a refined owner-user residence with supplemental income potential, a multi-generational beach retreat, or a turnkey investment opportunity, this extensively remodeled duplex captures the essence of elevated Peninsula living.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 4.0 | 3.0 | 50% |
| Square foot | 2,629 | 2,508.5 | 67% |
| Lot Size | 2,614 | 3,049 | 33% |
| Price | $6.00M | $4.53M | 67% |
| Price per sq ft | $2.3K | $1.7K | 50% |
| Built year | 1947 | 1960 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 209 | 17% |
May 12, 2026
$5,995,000
Initial Listing
Apr 7, 2016
$1,800,000
Public Record