
Newport Beach, California 92663
This Oceanfront Duplex represents a High-Potential Investment Opportunity, listed at $5,795,000—positioned slightly above the $5,643,145 Fair Market Value. Recently remodeled with an Excellent Condition Rating, this asset features modern interiors, a new roof, and Panoramic Ocean Views. With zoning potential for a third-level addition and short-term rental flexibility, it offers significant upside in a prime, walkable location near Top-Rated Schools like Newport Elementary. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury coastal lifestyle with income-generating potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2212 W Oceanfront Subject 5 bd · 5 ba · 3,002 sqft · $1,880 | $5,795,000* List Price | 5 | 5 | 3,002 | $1,880 | - |
A 2202 W Oceanfront Active 5 bd · 5 ba · 3,400 sqft · $1,762 · 0.0 mi | $5,990,000 List Price | 5 | 5 | 3,400 | $1,762 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1965, the property has undergone a comprehensive recent remodel featuring modern finishes, a new roof, and updated interiors. The kitchens and bathrooms showcase contemporary shaker cabinetry, stainless steel appliances, and recessed lighting, placing it in the 'Excellent' category due to the high-quality, recent renovation (under 5 years) and mint condition.
Elementary School: Newport Elementary School (9/10).
Situated directly on the sand with panoramic views of Catalina Island and the Newport Pier, this property offers a rare and highly desirable coastal lifestyle in a highly walkable neighborhood.
The property features zoning potential for a third-level addition or mixed-use configuration, alongside attractive short-term rental possibilities and a competitive price-per-square-foot for the area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 3110.
Future development plans, including the third-level addition and short-term lodging permits, are strictly subject to city approval and buyer verification, posing a potential hurdle for expansion.
Located in a popular tourist destination near the pier and Balboa Fun Zone, the property may experience significant noise and foot traffic, particularly during peak summer months.
Experience the oceanfront lifestyle of the Balboa Peninsula from this remodeled duplex, with views of the Pacific Ocean, Catalina Island, and Newport Pier. The property offers two residences, each with its own kitchen, living area, balcony, indoor laundry, storage, and attached garage, plus additional parking. First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms, one car garage plus one extra space. Second Floor Unit: Open-concept living area with kitchen, balcony, and private rear patio, featuring 2 bedrooms and 3 bathrooms, one car garage plus one extra space. Large windows and sliding glass doors bring natural light into both units and frame the coastal views. Recent improvements include a new roof and updated interiors with modern finishes. Located near Newport Beach Pier, Lido Marina Village, Balboa Pier, the Balboa Island Ferry Fun Zone, waterfront dining, shopping, surfing, paddleboarding, boating, and the Peninsula’s bike paths within easy reach. Its two-unit layout offers flexibility for personal use, rental income, or a combination of both. The property may offer potential for a third-level accessory dwelling unit (ADU) or a mixed-use configuration, subject to applicable zoning and City approval. Buyer to independently verify permitted uses and the feasibility of any proposed additions or alterations with the City of Newport Beach. Rear patio furniture and the proposed third-level ADU shown in marketing materials are renderings for illustration only and do not depict existing improvements or City approvals.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades PK-6 • 0.6 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.1 |
| Baths | 5.0 | 3.7 |
| Square foot | 3,002 | 2,313.222 |
| Lot Size | 3,049 | 2,703.444 |
| Price | $5.79M | $3.37M |
| Price per sq ft | $1.9K | $1.8K |
| Built year | 1965 | 1954 |
| HOA | $0 | $0 |
| Days on market | 146 | 63 |
Jun 1, 2026
$5,795,000
Initial Listing
Oct 29, 2018
$2,800,000
Public Record