400 40th Street, Newport Beach, California 92663, Newport Beach, 92663 - 0 bed, 0 bath
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Newport Beach, California 92663
This Modern Luxury Duplex is a High-Potential Investment Opportunity listed at $7,995,000—positioned well below the $8,064,560 Fair Market Value by 1%. This valuation provides $69,560 in Instant Equity for a property in Pristine Condition. Built in 2022, the residence features professional-grade appliances, custom cabinetry, and peek-a-boo mountain views. Located in the elite Newport Mesa Unified district near Newport Elementary (9/10), it offers significant rental demand. This turnkey asset is perfect for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting high-end coastal real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 40th Street Subject | $7,995,000* List Price | 0 | 0 | 3,074 | $2,623 | - |
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 |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is a modern new construction in pristine condition. The kitchen features high-end professional-grade stainless steel appliances, custom white cabinetry, and a large island with premium countertops. Throughout the home, there are wide-plank light wood floors, designer light fixtures, and contemporary finishes. All systems and components are virtually new, meeting the highest quality standards with no signs of wear or deferred maintenance.
Elementary School: Newport Elementary School (9/10).
Built in 2022, this property offers the latest in contemporary design, energy-efficient systems, and high-end finishes, providing a turnkey experience with minimal immediate maintenance needs.
As a luxury duplex in the exclusive Newport Island subdivision, the property presents a versatile opportunity for significant rental income or a sophisticated multi-generational living setup.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3074, other record living area = 768.
The list price of nearly $8 million for a 2,850 square foot lot represents an extremely high price-per-square-foot, which may limit the pool of buyers compared to larger estates in the same price bracket.
While the property offers some views, they are characterized as 'peek-a-boo' and neighborhood-oriented, which may be perceived as a drawback for luxury buyers seeking direct ocean or bay frontage at this price point.
Exceptional opportunity in Newport Beach. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades PK-6 • 1.3 mi
Grades 7-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 47% |
| Baths | 0.0 | 3.0 | 47% |
| Square foot | 3,074 | 2,580 | 76% |
| Lot Size | 2,850 | 2,850 | 50% |
| Price | $8.00M | $4.10M | 76% |
| Price per sq ft | $2.6K | $1.7K | 76% |
| Built year | 2022 | 1958 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 178 | 6% |
Mar 26, 2026
$7,995,000
Initial Listing