312 35th Street, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath

312 35th Street, Newport Beach, California 92663 home-pic-0
ACTIVE$7,495,000
312 35th Street, Newport Beach, California 92663
0Bed
0Bath
2,735Sqft
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:
High Price Point: The $7.495 million list price represents a substantial investment, which may limit the pool of potential buyers.

Compared to the nearby listings

Price:$7.50M vs avg $3.20M (+$4,295,000)88%
Size:2,735 sqft vs avg 2,440 sqft72%
Price/sqft:$2.7K vs avg $1.5K96%

More Insights

Built in 2019 (6 years old).
Condition: This property, built in 2019, is virtually new. The description explicitly states 'thoughtfully designed with high-end finishes' and 'gourmet kitchen boasts sleek quartz countertops, a Sub-Zero refrigerator, and premium Bosch appliances.' The images confirm a modern aesthetic throughout, with contemporary flat-panel cabinetry, pristine white quartz countertops, stainless steel appliances, stylish light fixtures, and clean, updated bathrooms featuring frameless glass showers and modern vanities. The flooring appears to be high-quality LVP or engineered wood. All systems, including central air and heating, are new and in excellent condition, with no signs of wear or deferred maintenance. This property meets all criteria for an 'excellent' rating.
Year Built
2019
Close
-
List price
$7.5M
Original List price
$8M
Price/Sqft
$2,740
HOA
-
Days on market
-
Sold On
-
MLS number
NP25062350
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

Just moments from the tranquil Rivo Alto Channel and two blocks from Newport Beach’s golden shores, this stunning duplex seamlessly blends elegance, coastal living, and a rare investment opportunity—each unit holds a coveted short-term rental permit. Thoughtfully designed with high-end finishes, it offers incredible flexibility for homeowners and investors alike. Live in one unit and rent the other for passive income, or lease both for optimal returns—this property is designed to maximize its potential. Unit A spans approximately 1,596 SF across three levels, featuring four bedrooms and four full bathrooms, while Unit B offers approximately 1,139 SF over two levels with two bedrooms and two full bathrooms. Unit A embraces indoor-outdoor living, with an expansive rooftop deck accessible from the third-level bedroom. The light-filled open-concept living space is anchored by a cozy fireplace, while the gourmet kitchen boasts sleek quartz countertops, a Sub-Zero refrigerator, and premium Bosch appliances. The primary suite features an en-suite bath and private balcony, perfect for enjoying the coastal breeze. Unit B provides a private coastal retreat with its own rooftop space and a modern kitchen equipped with quartz countertops and high-end Sub-Zero and Bosch appliances—ideal as a guest space, rental, or personal getaway. Beyond the home, the best of Newport Beach is at your doorstep—sunset strolls at Marina Park, boutique shopping and waterfront dining in Lido Marina Village, and the vibrant energy of Cannery Village and Balboa Fun Zone. Additional highlights include central air and heating, in-unit laundry for both units, and a two-car garage with sleek epoxy flooring. Whether you're seeking a primary coastal residence, a luxury getaway, or a high-performing investment, this exceptional duplex offers the best of Newport Beach living.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.9mi
9/10
Newport Elementary School
Public,PK-61.1mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.2mi
Condition Rating
Excellent

This property, built in 2019, is virtually new. The description explicitly states 'thoughtfully designed with high-end finishes' and 'gourmet kitchen boasts sleek quartz countertops, a Sub-Zero refrigerator, and premium Bosch appliances.' The images confirm a modern aesthetic throughout, with contemporary flat-panel cabinetry, pristine white quartz countertops, stainless steel appliances, stylish light fixtures, and clean, updated bathrooms featuring frameless glass showers and modern vanities. The flooring appears to be high-quality LVP or engineered wood. All systems, including central air and heating, are new and in excellent condition, with no signs of wear or deferred maintenance. This property meets all criteria for an 'excellent' rating.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Unbeatable proximity to Newport Beach shores, Rivo Alto Channel, Marina Park, Lido Marina Village, and other key attractions, offering an exceptional coastal lifestyle.
Exceptional Investment Opportunity: Both units hold coveted short-term rental permits, providing significant income potential and flexibility for investors or owner-occupants seeking passive income.
New Construction & Luxury Finishes: Built in 2019, the duplex features high-end finishes, gourmet kitchens with Sub-Zero and Bosch appliances, quartz countertops, central air/heating, and modern amenities throughout.
Versatile Duplex Configuration: Comprising two distinct units (4BD/4BA and 2BD/2BA), the property offers flexibility for owner-occupancy with rental income, multi-generational living, or full investment.
Private Rooftop Decks: Both units boast private rooftop spaces, including an expansive deck for Unit A, enhancing outdoor living and entertaining options in a desirable coastal setting.

Cons

High Price Point: The $7.495 million list price represents a substantial investment, which may limit the pool of potential buyers.
Recent Price Reduction: A $500,000 reduction from the original list price could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.
Limited Ground-Level Outdoor Space: Despite the rooftop decks, the 2,377 sqft lot size is relatively small for a duplex, suggesting minimal private ground-level yard or garden area.

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