Daniel Morgan, Listing Office: Marterra Real Estate
200 E Oceanfront Newport Beach, CA 92661
Property details
About 200 E Oceanfront
Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility. Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests. This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion. Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.
Highlights
Virtual tour
Summary
- MLS Number: NP25007974
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (949) 220-4409
- Listing Agent: Tyler Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:00:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$7,875,000
200 E Oceanfront
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 13, 2018 | Home Sold | $3,850,000 |
Sep 12, 2016 | Home Sold | $3,850,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2021 | $3,967,683 | $42,251 |
2020 | $3,927,000 | $41,846 |
2019 | $3,850,000 | $41,761 |
2018 | $3,927,000 | $41,761 |
2017 | $3,850,000 | $41,022 |
History based on county public records data.
Nearby schools
8
Newport Elementary School
Public District KG-6
0.8 mi
•1327 W Balboa Blvd
7
Newport Heights Elementary School
Public District KG-6
1.9 mi
•300 E 15th St
7
Mariners Elementary School
Public District KG-6
2.0 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,301. The majority of Newport Beach, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
Similar homes for sale
This home is located at 200 E Oceanfront in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,428 square foot home, which was built in 1930, sits on a 0.06 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 14, 2025 and is currently priced at $7,875,000.
While more than 8 listings in Newport Beach, CA in December 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 46 were sold below. In December 2024 in Newport Beach, CA there were 7.4% less homes for sale than in November. Listings spent 54 days on the market in December 2024, and had a median list price of $3,526,690 during the same period.