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4405 Channel Place, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath

4405 Channel Place, Newport Beach, California 92663 home-pic-0
ACTIVE$2,899,500
4405 Channel Place, Newport Beach, California 92663
0Bed
0Bath
1,836Sqft
3,127Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Condominium Ownership Structure: Despite being described as a 'home,' the property is a condominium, which typically entails HOA fees, shared walls, and potential restrictions that may not appeal to all luxury buyers seeking complete privacy and autonomy.

Compared to the nearby listings

Price:$2.90M vs avg $1.56M (+$1,337,000)90%
Size:1,836 sqft vs avg 1,357 sqft76%
Price/sqft:$1.6K vs avg $90086%

More Insights

Built in 2017 (8 years old).
Condition: Built in 2017, this property is only 7 years old and presents as virtually new. The kitchen boasts pristine quartz countertops, sleek European cabinetry, and premium stainless-steel appliances, reflecting current high-end standards. Bathrooms are spa-inspired with modern fixtures, walk-in showers, and soaking tubs. Wide-plank white oak floors, contemporary lighting, central heating/AC, and solar panels further confirm its excellent condition with no deferred maintenance.
Year Built
2017
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
$1,579
HOA
-
Days on market
-
Sold On
-
MLS number
OC25089526
Home ConditionExcellent
Features
Excellent View: City Lights, Ocean, Peek-A-Boo
Deck
ViewCity Lights,Ocean,Peek-A-Boo

About this home

A Coastal Gem with Exceptional Value and Elegance on the Balboa Peninsula Nestled just a gentle sea breeze from the beach and built in 2017, this magnificent Newport Beach property offers not only an impeccable coastal lifestyle but also the financial flexibility of a transferable "Newport Beach SHORT-TERM RENTAL PERMIT". Whether for personal enjoyment or rental income, this rare feature enhances its appeal. A beacon of coastal elegance, this Balboa Peninsula treasure spans three levels, offering expansive living spaces infused with high-end luxury. Fully furnished and turnkey, the home boasts three spacious bedrooms, a versatile loft, and three sophisticated bathrooms. Every corner is meticulously crafted to ensure both beauty and functionality. Soaring vaulted ceilings and grand windows bathe the interiors in radiant California sunshine, while wide-plank white oak floors and contemporary touches like stainless steel cable railings and stylish pendant lighting create a modern, inviting retreat. The chef’s kitchen is a showstopper, featuring pristine quartz countertops, a large entertainment-ready island, sleek European cabinetry, and premium stainless-steel appliances. The open-plan living areas flow effortlessly, perfect for daily living and hosting. The primary suite is a private oasis designed for relaxation, with a spa-inspired bathroom, walk-in shower, soaking tub, and spacious walk-in closet. Outdoors, the rooftop terrace steals the show, offering panoramic views from coastline to skyline. It's ideal for sunset gatherings or quiet reflection and ready for a hot tub addition. Built with sustainability in mind, the home features fully paid-off solar panels (2018), recessed lighting, central heating/air conditioning, and a built-in wine refrigerator. Parking is convenient with a single-car garage and additional covered space. Located a block from the beach and within walking distance to fine dining, premier shopping, and vibrant beachside activities, this home offers not just a residence, but a sophisticated lifestyle of leisure and luxury. Thank you for considering this extraordinary turnkey coastal sanctuary.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.4mi
9/10
Newport Elementary School
Public,•PK-6•1.5mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.3mi
7/10
Newport Harbor High School
Public,•9-12•1.4mi
Condition Rating
Excellent
Built in 2017, this property is only 7 years old and presents as virtually new. The kitchen boasts pristine quartz countertops, sleek European cabinetry, and premium stainless-steel appliances, reflecting current high-end standards. Bathrooms are spa-inspired with modern fixtures, walk-in showers, and soaking tubs. Wide-plank white oak floors, contemporary lighting, central heating/AC, and solar panels further confirm its excellent condition with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Nestled a block from the beach on the Balboa Peninsula, offering immediate access to the sand, fine dining, premier shopping, and vibrant beachside activities.
Transferable Short-Term Rental Permit: A rare and highly valuable asset, providing significant financial flexibility and income potential for investors or those seeking a part-time residence.
Modern & Luxurious Turnkey Design: Built in 2017, fully furnished, and meticulously crafted with high-end finishes, including wide-plank white oak floors, vaulted ceilings, a chef's kitchen with European cabinetry, and a spa-inspired primary suite.
Rooftop Terrace with Panoramic Views: Features a show-stopping rooftop terrace offering panoramic views from coastline to skyline, ideal for entertaining and relaxation, with potential for a hot tub.
Energy Efficiency & Modern Amenities: Equipped with fully paid-off solar panels (2018), central heating/air conditioning, recessed lighting, and a built-in wine refrigerator, ensuring comfort and lower utility costs.

Cons

Condominium Ownership Structure: Despite being described as a 'home,' the property is a condominium, which typically entails HOA fees, shared walls, and potential restrictions that may not appeal to all luxury buyers seeking complete privacy and autonomy.
Limited Parking: Offers a single-car garage and one additional covered space, which may be restrictive for multiple vehicles or guest parking in a high-demand coastal area.
Modest Square Footage for Price Point: At 1836 sqft across three levels, the interior living space, while efficiently designed, might be considered compact for a luxury property listed at nearly $2.9 million, potentially impacting perceived value for some buyers.

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