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506 Clubhouse Avenue, Newport Beach, California 92663, Newport Beach, 92663 - 10 bed, 12 bath

506 Clubhouse Avenue, Newport Beach, California 92663 home-pic-0
ACTIVE$7,649,900$4,760/sqft
506 Clubhouse Avenue, Newport Beach, California 92663
10Beds
12Baths
4,760Sqft
4,050Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4050, other record lot size in square feet = 3990. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4760, other record living area = 721.

Compared to the nearby listings

Price:$7.65M vs avg $3.30M (+$4,349,900)83%
Size:4,760 sqft vs avg 2,467 sqft96%
Price/sqft:$1.6K vs avg $1.5K57%

More Insights

Built in 2023 (3 years old).
Condition: This property was completed in late 2023, making it virtually brand new. The images showcase modern, high-end finishes throughout, including a contemporary kitchen with dark cabinetry, quartz countertops, and stainless steel appliances, as well as luxurious bathrooms with stylish vanities, glass-enclosed showers, and modern fixtures. The flooring is a desirable light-colored wide plank, and the property features central air/heating and recessed lighting. All components are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
Year Built
2023
Close
-
List price
$7.65M
Original List price
$7.65M
Price/Sqft
$1,607
HOA
-
Days on market
-
Sold On
-
MLS number
NP26010129
Home ConditionExcellent
Features
Excellent View: Marina
Deck
ViewMarina

About this home

Welcome to 506 Clubhouse Avenue, a stunning modern coastal duplex nestled in the heart of Newport Beach’s highly sought-after Lido Marina Village. Completed in late 2023, this nearly new residence blends refined elegance with the ease of coastal living—offering not only a sophisticated lifestyle, but also a rare and valuable investment opportunity, with Unit A boasting a coveted short-term rental permit. Each residence has been meticulously designed with high-end finishes, en-suite bathrooms, cozy fireplaces, and expansive sliding glass doors that open to private balconies off the primary suites and living areas—creating seamless indoor-outdoor living. Offering nearly 2,400 square feet per unit across three thoughtfully designed levels, both residences feature five spacious bedrooms and five-and-a-half luxurious bathrooms, offering an ideal balance of comfort and versatility. Entertain with ease on the sun-drenched rooftop decks, perfectly positioned with both East and West exposures to capture spectacular ocean breezes and coastal sunsets. Whether you choose to live in one unit and lease the other, or maximize rental potential by leasing both, this property offers outstanding flexibility and income-producing potential. Enjoy the best of Newport Beach just moments away—walk from marina to ocean, enjoy upscale shopping and dining in Lido Marina Village, or the vibrant coastal charm and amusement at Balboa Pier and Balboa Fun Zone all without getting in your car. Additional features include central air and heating, private laundry and a two-car tandem garage in each unit. Whether you're searching for a luxurious full-time residence, a serene vacation retreat, or a high-performing investment, 506 Clubhouse Avenue offers the pinnacle of Newport Beach coastal living.

T
Tyler Kropf
Listing Agent

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.9mi
9/10
Newport Elementary School
Public,•PK-6•1.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
05/16/17
Sold
$1,050,000
Condition Rating
Excellent
This property was completed in late 2023, making it virtually brand new. The images showcase modern, high-end finishes throughout, including a contemporary kitchen with dark cabinetry, quartz countertops, and stainless steel appliances, as well as luxurious bathrooms with stylish vanities, glass-enclosed showers, and modern fixtures. The flooring is a desirable light-colored wide plank, and the property features central air/heating and recessed lighting. All components are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Situated in the highly sought-after Lido Marina Village, offering unparalleled walkability to the marina, ocean, upscale shopping, and dining without the need for a car.
Exceptional Investment Potential: Features a coveted short-term rental permit for Unit A and the flexibility to lease both units, presenting a strong income-generating investment opportunity as a residential income property.
Brand New Construction & Luxury Finishes: Completed in late 2023, this modern duplex boasts meticulous design with high-end finishes, en-suite bathrooms, and central air/heating throughout, ensuring contemporary appeal and minimal immediate maintenance.
Expansive Indoor-Outdoor Living: Each unit offers private balconies, expansive sliding glass doors, and sun-drenched rooftop decks with both East and West exposures, capturing spectacular ocean breezes and coastal sunsets.
Spacious & Versatile Duplex Layout: With nearly 2,400 sqft per unit, each featuring five spacious bedrooms and five-and-a-half luxurious bathrooms, the property provides ample space and versatility for various living arrangements or dual rental income.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4050, other record lot size in square feet = 3990. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4760, other record living area = 721.
Premium Price Point: The list price of $7.65 million represents a substantial investment, targeting a very specific high-net-worth buyer demographic and potentially limiting the pool of interested parties.
Tandem Garage Parking: Each unit includes a two-car tandem garage, which can be less convenient than side-by-side parking, potentially posing logistical challenges for residents with multiple vehicles.
Limited Ground-Level Outdoor Space: While offering rooftop decks and balconies, the 4,050 sqft lot size for a duplex of this scale suggests minimal ground-level private yard space, which may not appeal to buyers desiring larger outdoor areas.
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