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Listed by Lisa Zhou • Legacy Capital Investment Group
$13,500,000
Est. payment /mo
5,123 SqFt
Active
1628 West Oceanfront Newport Beach, CA 92663
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UPDATED:
09/15/2024 05:09 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,123 sqft
Price per Sqft $2,635
Subdivision Balboa Peninsula (Residential)
MLS Listing ID OC-24013329
Year Built 1931
Lot Size 3,485 Sqft
Property Description
Don't Miss Out on This Rare Opportunity! Discover the unparalleled charm of this prestigious property nestled in the heart of the Balboa Peninsula. Situated between the iconic Balboa Pier and Newport Pier, this boutique hotel offers a unique blend of luxury and coastal living. Featuring (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, this property boasts versatility to accommodate various lifestyles. Four units offer breathtaking ocean views, providing a picturesque backdrop to everyday living. Recently renovated, each unit showcases distinctive designs with modern upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows throughout. Abundant natural lighting floods the interiors, creating an inviting atmosphere, while the soothing sounds of beach waves offer a sense of tranquility. Situated on an oversized 35-foot-wide corner lot, this property comes with an impressive 9 STR permits, providing lucrative short-term rental opportunities. Whether you're seeking an investment property or a family compound, this is a once-in-a-lifetime opportunity in Newport Beach. Enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining establishments, and some of the best ocean views in the area. With nearby Newport Elementary School and convenient access to surfing and beach activities, this property offers the ideal coastal lifestyle. Don't let this rare gem slip away - seize the opportunity to own a piece of Newport Beach's iconic coastline.
Location
State CA
County Orange
Interior
Interior Features Balcony, Recessed Lighting
Flooring Vinyl
Fireplaces Type None
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Park, Sidewalks, Street Lights, Watersports
View Y/N Yes
View Ocean, Coastline
Building
Lot Description Corner Lot, Park Nearby, 0-1 Unit/Acre
Sewer Public Sewer
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