
Long Beach, California 90803
This Custom Naples Island Residence is a Strong Value Opportunity, listed at $2,850,000—positioned above the $2,760,201 Fair Market Value. While the property requires cosmetic modernization to reach its full potential, its Condition Rating of 4 reflects a well-maintained 1987 build with newer HVAC and water heater. Featuring a Rare Three-Car Garage, Private Elevator, and Rooftop Deck, the home offers significant lifestyle utility. Located in the Long Beach Unified district near Naples Elementary (10/10), this is an ideal acquisition for Owner-Occupants or Luxury Renovators seeking a prestigious coastal enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40 E Neapolitan Subject | $2,850,000* List Price | 4 | 4 | 4,236 | $652 | - |
A 5433 E The Toledo Sold | $2,550,000 | 4 | 4 | 3,041 | $839 | 0.4 mi |
B 120 N Loreta Walk Sold | $2,149,000 | 3 | 3 | 2,547 | $844 | 0.1 mi |
C 112 Santa Ana Avenue Active | $1,999,000 List Price | 3 | 4 | 2,588 | $772 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this 37-year-old home is well-maintained but remains largely in original condition. While the HVAC and water heater are newer, the kitchen and bathrooms feature dated oak cabinetry, tile countertops, fluorescent lighting, and 1980s-era fixtures. The property is functional and move-in ready but requires significant cosmetic updates to align with modern luxury standards.
Elementary School: Naples Elementary School (10/10).
Situated in the highly coveted Naples Island community, this property offers a prestigious lifestyle within walking distance to the canals and the vibrant dining and shopping of 2nd Street.
The residence features a rare three-car garage and an internal elevator, providing significant convenience and accessibility that is seldom found in this dense coastal neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3650, living area = 4236.
With over 150 days on the market and multiple price reductions, the property may face challenges regarding its perceived value or current market positioning.
Tucked into the storybook canal community of the coveted Naples Island , this custom-built 1987 residence blends timeless craftsmanship with coastal elegance. Step through a grand marble-floored entry into a home where detail takes center stage. Rich wainscoting weaves throughout, while the formal dining room showcases classic boxed ceilings, setting the tone for elevated entertaining. The living room invites you to unwind with a fireplace, built-in bookcases, and a wet bar that feels tailor-made for intimate gatherings. The thoughtfully designed layout offers 3 bedrooms, 3 full baths, and a powder room. The kitchen pairs function and charm with a breakfast sitting area, gas cooktop, and electric oven, opening seamlessly to everyday living spaces. Upstairs, a spacious second-floor family room with its own fireplace and wet bar creates the perfect retreat, alongside a dedicated office for work or creative pursuits. Crowning the home, the third-floor primary suite is a private sanctuary, complete with a generous bath featuring dual sinks and a jetted tub designed for relaxation. (44th bedroom is being used as an office. It has 2 closets and could either be split and used as a smaller bedroom and office, or a large bedroom or a large office! So many possibilities. Outdoor living unfolds across multiple balconies, a patio, and a quaint grassy area, including a rooftop deck ideal for soaking in ocean breezes and sunset skies. A rare three-car garage, elevator access, slate roof, and newer A/C and water heater add both convenience and peace of mind. All of this, just moments from the vibrant dining and shopping along 2nd Street, in one of Long Beach’s most exclusive and sought-after coastal enclaves. (check out the 360 virtual tour using the icon under the map above).//////// This is more than a home, it’s a lifestyle written in salt air and sunlight.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 4,236 | 1,519.995 |
| Lot Size | 3,650 | 5,807.524 |
| Price | $2.85M | $1.03M |
| Price per sq ft | $673 | $728 |
| Built year | 1987 | 1948 |
| HOA | $0 | $259 |
| Days on market | 156 | 48 |
Aug 10, 2026
$2,850,000
$2,900,000
-2% Price Drop
Initial Listing
Jun 20, 2026
$2,900,000
$2,975,000
-3% Price Drop
Initial Listing
Apr 6, 2026
$2,975,000
Initial Listing