519 35th 1, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 2 bath
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Newport Beach, California 92663
This Turnkey Coastal Residence is a premium income asset listed at $2,149,000, representing a stable valuation for this high-demand corridor compared to its $2,035,250 Fair Market Value. Featuring a Mint Condition Rating, the home offers a Gourmet Kitchen, Engineered Hardwood, and a private South-Facing Patio. The property’s standout feature is the rare, Transferable Newport Beach STR Permit, providing immediate revenue potential near Lido Marina Village. Served by the top-rated Newport Elementary School, this is an elite acquisition for Short-Term Rental Investors or Lifestyle-Oriented Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 519 35th 1 Subject | $2,149,000* List Price | 3 | 2 | 1,050 | $1,938 | - |
A 519 35th 1 Sold | $1,800,000 | 3 | 3 | 1,050 | $1,714 | 0.0 mi |
B 207 40th Street 2 Sold | $2,350,000 | 3 | 2 | 1,275 | $1,843 | 0.3 mi |
C 207 40th Street Sold | $1,600,000 | 2 | 2 | 726 | $2,204 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully remodeled, turnkey residence featuring a modern gourmet kitchen with a center island and stainless steel appliances, updated bathrooms with contemporary fixtures, and engineered hardwood flooring. Although built in 1981, the high-quality renovation appears to be within the last 5 years, meeting the criteria for mint condition with no maintenance required.
Elementary School: Newport Elementary School (9/10).
The property includes a rare and coveted transferable Newport Beach short-term rental permit, providing an immediate, turnkey investment opportunity in a high-demand coastal market.
Situated in the sought-after Finley Tract, the residence is just steps from the sand, Newport Pier, and Lido Marina Village, offering world-class access to dining and recreation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2786, other record lot size in square feet = 3000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1050, other record living area = 2905.
At a list price of $2,149,000 for 1,050 square feet, the property commands a significant premium of over $2,000 per square foot, which may challenge some valuation models.
Fitting three bedrooms into 1,050 square feet results in a relatively dense floor plan, which may feel cramped for larger groups or those seeking spacious common areas.
Turnkey Short-Term Rental Opportunity with Transferable Newport Beach STR Permit! Rarely available, this fully remodeled 3-bedroom, 2-bathroom lower-level residence occupies the entire lower unit of the house and offers 1,050 square feet of refined coastal living with its own private patio and dedicated tandem two-car garage. Being sold fully furnished as an active and established short-term rental, complete with a coveted transferable Newport Beach short-term rental permit—delivering a true plug-and-play investment opportunity in the heart of Newport Beach’s prestigious Balboa Peninsula. The open-concept interior showcases modern finishes including engineered hardwood flooring and a gourmet kitchen with a center island and stainless steel appliances. Abundant natural light streams through energy-efficient windows throughout, while the south/southeast-facing private front patio offers an ideal setting for al fresco dining and relaxing in the California sunshine. Additional highlights include updated bathrooms with contemporary fixtures, in-unit washer/dryer, ceiling fans, and the attached tandem two-car garage with ample storage. Located in the sought-after Finley Tract, the home is just steps from the sand, the Newport Pier, Lido Marina Village, world-class dining, shopping, and the vibrant Newport Beach harbor. This rare Peninsula gem offers the ideal blend of coastal lifestyle and exceptional investment performance. A true plug-and-play short-term rental—don’t miss this opportunity to own a turnkey income property in one of Orange County’s premier beach communities.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades PK-6 • 1.1 mi
Grades 7-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 54% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,050 | 1,295 | 32% |
| Lot Size | 2,786 | 3,127 | 49% |
| Price | $2.15M | $1.67M | 68% |
| Price per sq ft | $2.0K | $1.2K | 95% |
| Built year | 1981 | 1979 | 54% |
| HOA | $250.0 | $550 | 35% |
| Days on market | 6 | 179 | 3% |
Apr 16, 2026
$2,149,000
Initial Listing
Apr 28, 2021
$6,950,000
Public Record
May 11, 2016
$2,000,000
Public Record