700 East Oceanfront , Newport Beach, California

Property for Sale in Newport Beach

700 East Oceanfront , Newport Beach, CA

  • CA$8,440,773
  • 4 BEDS
  • 3 BATHS
  • 0.06 ac Land
  • CA$8,440,773

Property for Sale in Newport Beach

700 East Oceanfront , Newport Beach, CA

  • CA$8,440,773
  • 4 BEDS
  • 3 BATHS
  • 0.06 ac Land
  • CA$8,440,773

Key Facts

  • MLS® #: OC25098087
  • Property ID: SIRC2437248
  • Original Price: USD 6,690,000
  • Property Type: Residential, Other
  • Lot Size: 0.06 ac
  • Year Built: 1973
  • Bedrooms: 4
  • Bathrooms: 3

Property Description

Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 short term rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

Listing Agents

  • Dominic Tucci

    C. 9496322269

    O. 9496322269

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Location

700 East Oceanfront , Newport Beach, California, 92661 United States

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Marketed By

Pacific Sotheby's International Realty
1200 Newport Center Drive Suite 100
Newport Beach, California, 92660
United States

9495541200

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