215 32nd Street, Newport Beach, CA 92663
- $4,700,000
- 8
- BD
- 7
- BA
- 3,500
- SqFt
- List Price
- $4,700,000
- Price Change
- ▼ $100,000 1752532268
- Status
- ACTIVE
- MLS#
- NP25056815
- Year Built
- 2020
- Bedrooms
- 8
- Bathrooms
- 7
- Living Sq. Ft
- 3,500
- Lot Size
- 2,352
- Acres
- 0.05
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 167
- Property Type
- Single Family Residential
- Style
- Contemporary
- Property Sub Type
- Duplex
- Stories
- Three Or More Levels
- Neighborhood
- Balboa Peninsula (Residential) (Balp)
Property Description
Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach — with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready — complete with two transferable STR permits and a proven income history. Whether you’re looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA — Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA — A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later—this is a Newport Beach opportunity you don’t want to miss.
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Additional Information
- Appliances
- Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Electric, Zoned
- View
- City Lights, Mountain(s)
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Newport
- Middle School
- Ensign
- High School
- Newport Harbor
- Interior Features
- Built-in Features, Ceiling Fan(s), Furnished, Granite Counters, Stone Counters, Recessed Lighting, All Bedrooms Up, Galley Kitchen, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Chris Moreno (chris@ilovenewport.com) from Listing Office: Surterre Properties Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.