
Newport Beach, California 92663
This Luxury Bayfront Duplex is a Strong Value Opportunity, listed at $7,300,000—positioned well below the $7,806,514 Fair Market Value by 6%. This valuation gap provides $506,514 in Instant Equity for the incoming buyer. Boasting a Mint Condition Rating after a complete designer renovation, the property features Taj Mahal quartzite, a private dock, and panoramic ocean views. Situated in the Newport Mesa Unified district near 9/10 rated Newport Elementary, it offers a rare blend of lifestyle and income. This is an ideal acquisition for Owner-Occupants seeking a coastal sanctuary or Savvy Investors targeting high-end rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3912 River Ave Subject | $7,300,000* List Price | 5 | 6 | 3,050 | $2,393 | - |
A 128 39th Sold | $6,800,000 | 5 | 6 | 2,580 | $2,636 | 0.1 mi |
B 128 39th Sold | $6,800,000 | 0 | 0 | 2,580 | $2,636 | 0.1 mi |
C 2212 W Oceanfront Active | $5,795,000 List Price | 5 | 5 | 3,002 | $1,930 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1993, the property has undergone a complete top-to-bottom luxury renovation within the last 5 years. Both kitchens and all six bathrooms feature high-end finishes like Taj Mahal quartzite and rifted white oak cabinetry. With new flooring, hardware, and a fully updated exterior, the home is in mint condition with no maintenance required.
Elementary School: Newport Elementary School (9/10).
This rare bayfront duplex includes a private dock on a quiet channel and is situated just steps from the ocean, offering the ultimate Newport Beach lifestyle for both boating and beach enthusiasts.
The property has been meticulously remodeled with designer finishes, including Taj Mahal quartzite countertops, rifted white oak cabinetry, and Restoration Hardware fixtures, ensuring a luxury move-in ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3050, other record living area = 1325.
The ocean-view unit utilizes a two-car tandem garage, which is often considered less convenient and can be a point of friction for high-end tenants or owners.
While the property features beautiful decks and balconies, the compact lot size and duplex footprint leave little to no traditional yard or garden space, which may deter certain buyers.
Completely remodeled luxury bayfront duplex in Newport Beach with private dock and just steps from the ocean. Recently elevated with high-end finishes and designer touches throughout, offering a rare blend of luxury waterfront living and flexibility of ownership. Situated along a quiet bay channel facing Newport Island, this location delivers a calm and intimate harbor setting. Watch the paddleboarders cruise by or untie your boat and head out on the bay. Pass under the Newport Blvd bridge and the greater harbor opens up to you. Motor to Lido Marina Village, the Cannery, Billy's & Class of 47, loop the islands, or venture out to the open ocean. Walk across the street to 40th Street Beach where the jetties frame the waves and the blue Pacific ignites your imagination. Bay side unit (3 bed | 4 bath | 1-car garage) opens directly to the water through expansive bifold doors connecting the living room to the bayside deck and dock. Both bay-facing bedrooms have private balconies. Middle guest suite has a Mr. Steam shower. Primary suite has its own fireplace, dual vanities and skylights. Includes a laundry/beach towel room. Ocean view unit (2 bed | 2 bath | 2-car tandem garage) offers an open-concept great room where the kitchen, living area and fireplace flow to an ocean-facing balcony. Primary bedroom has two balconies facing opposite directions with Pacific Ocean and Catalina views one way, and Saddleback Mountain & Newport Coast hills the other. Primary bath has twin skylights, floating double vanity and oversized glass shower. Both units completely renovated top to bottom, both kitchens and all 6 bathrooms. Kitchens feature Taj Mahal quartzite countertops, full slab backsplash, rifted white oak cabinetry & Kohler touchless faucets. Bathrooms redesigned with Restoration Hardware vanities, quartzite countertops, porcelain tile showers, marble master shower with glass doors & Delta/Kohler fixtures. Interiors include natural hardwood flooring, Emtek hardware, Hunter Douglas blinds & new interior doors. Exterior includes full repaint, resealed decks, blacked out railings, tinted glass garage doors, epoxied floors, Restoration Hardware sconces & new glass entry doors. Corner lot next to a landscaped greenbelt with no direct neighbor, adding space, privacy and light. Live in one, host guests or family in the other, or use one or both as a rental. All furnishings and new Duffy available and negotiable separately. Turn the key and live the Newport dream.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades PK-6 • 1.3 mi
Grades 7-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 6.0 | 4.0 |
| Square foot | 3,050 | 2,174.5 |
| Lot Size | 2,857 | 2,614 |
| Price | $7.30M | $3.35M |
| Price per sq ft | $2.4K | $1.7K |
| Built year | 1993 | 1964 |
| HOA | $0 | $0 |
| Days on market | 90 | 125 |
Apr 23, 2026
$7,300,000
Initial Listing
Aug 21, 2024
$4,830,000
Public Record
Dec 24, 2018
$2,995,000
Public Record