207 40th Street, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath

207 40th Street, Newport Beach, California 92663 home-pic-0
ACTIVE$1,950,000
207 40th Street, Newport Beach, California 92663
2Beds
2Baths
726Sqft
2,431Lot
Year Built
1983
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$2,686
HOA
-
Days on market
-
Sold On
-
MLS number
NP25254681
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $1.95M(71th), sqft - 726(5th), beds - 2(50th), baths - 2(50th).

Living large at 207 40th Street, Unit A downstairs! One of two available units, sold separately or together, each with a coveted active short-term lodging permit fully transferable to the new owner. Totally remodeled and professionally furnished, this property is ready to enjoy from day one as a getaway, family beach pad, or high income-generating rental. The interior is styled in a coastal urban-chic aesthetic with light wood accents and beach-inspired tones. This 2-bedroom, 2-bath layout is light, bright, and built for the beach lifestyle, including a private primary ensuite. The front patio sets the tone with a built-in bar, al fresco café window, BBQ, and dining area—perfect for gathering after the beach or bay. Additional highlights include air conditioning, a private outdoor shower and two tandem parking spaces in the oversized 4-car garage. Everything you need is already here from the furnishings to the beach gear making this an easy, turn-key operation. Located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula. (see the upstairs unit also for sale @ 207 40th St #2)

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.2mi
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

Price History

Date
Event
Price
11/06/25
Listing
$1,950,000
06/22/18
Sold
$760,000
Condition Rating
Excellent

Despite being built in 1983, the property has been 'totally remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, light quartz countertops, white subway tile backsplash, and new stainless steel appliances (KitchenAid microwave, gas range, dishwasher). Flooring throughout is consistent light wood-look, and light fixtures are modern (recessed lighting, ceiling fans, track lighting). The overall aesthetic is a fresh, coastal urban-chic style, indicating a very recent and comprehensive renovation. All visible components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula.
High Income Potential & Transferable STR Permit: Features a coveted active short-term lodging permit fully transferable to the new owner, making it a high income-generating rental opportunity.
Turnkey & Fully Remodeled: Totally remodeled, professionally furnished, and includes beach gear, offering a ready-to-enjoy, easy, turn-key operation from day one.
Desirable Outdoor & Indoor Amenities: Equipped with air conditioning, a private outdoor shower, and a front patio with a built-in bar, BBQ, and dining area, enhancing the beach lifestyle.
Dedicated Parking: Includes two tandem parking spaces in an oversized 4-car garage, a significant advantage in a dense beach community.

Cons

Compact Living Space: With only 726 sqft, the property offers a compact living area, which may be restrictive for larger families or those desiring more spacious accommodations.
High Price Per Square Foot: The list price of $1.95 million for 726 sqft translates to a very high price per square foot, potentially limiting the buyer pool despite the prime location.
Condominium Ownership: As a downstairs condominium unit, it implies shared walls and common area responsibilities, which may not appeal to buyers seeking single-family privacy.

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