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200 E Oceanfront, Newport Beach, CA 92661

Sale Price: $7,200,000
Jan 14, 20252,428 sqft5 beds4 baths
Listed by: Tyler Brown
License #: 02043514
Phone #: 949-438-4340
Compass
Source:
CRMLS Logo
MLS #: NP25007974

Property Description

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$109,842

TurboHome Estimated Value

$7,598,900

$3,130 sqft

High Valuation
$7,978,845
$3286/sqft
Normal Valuation
$7,598,900
$3130/sqft
Low Valuation
$7,218,955
$2973/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$3130/sqft$7,598,900

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$6.70M

$7.20M

$7.78M

$10.00M

600 W Oceanfront, Newport Beach, CA 92661

Sale Price: $6,700,000

Selected Comparable

200 E Oceanfront, Newport Beach, CA 92661

Sale Price: $7,200,000

Selected Comparable

911 N Bay Front, Newport Beach, CA 92662

Sale Price: $7,350,000

Selected Comparable

1214 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $7,780,000

Selected Comparable

200 E Oceanfront, Newport Beach, CA 92661

List Price: $7,875,000

Subject Property

1111 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $10,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
200 E Oceanfront, Newport Beach, CA 92661

200 E Oceanfront, Newport Beach, CA 92661

List: $7,875,000

Listed: 1/14/2025

Area:2,428 sqft
Price/sqft:$3,243
Beds:5
Baths:4
Year Built:
Lot Size:2,614

Comparable Properties

COMPARABLE
Choose comps
200 E Oceanfront, Newport Beach, CA 92661

200 E Oceanfront, Newport Beach, CA 92661

Sale: $7,200,000

3/28/20250.00 mi

Area:2,428 sqft
Price/sqft:$2,965
Beds:5
Baths:4
Year Built:
Weight:25.0%
600 W Oceanfront, Newport Beach, CA 92661

600 W Oceanfront, Newport Beach, CA 92661

Sale: $6,700,000

12/12/20240.18 mi

Area:2,616 sqft
Price/sqft:$2,561
Beds:5
Baths:4
Year Built:
Weight:22.4%
1214 E Balboa Blvd, Newport Beach, CA 92661

1214 E Balboa Blvd, Newport Beach, CA 92661

Sale: $7,780,000

6/6/20250.69 mi

Area:2,672 sqft
Price/sqft:$2,912
Beds:4
Baths:4
Year Built:
Weight:18.5%
911 N Bay Front, Newport Beach, CA 92662

911 N Bay Front, Newport Beach, CA 92662

Sale: $7,350,000

2/26/20250.78 mi

Area:2,178 sqft
Price/sqft:$3,375
Beds:4
Baths:4
Year Built:
Weight:17.2%
1111 E Balboa Blvd, Newport Beach, CA 92661

1111 E Balboa Blvd, Newport Beach, CA 92661

Sale: $10,000,000

1/27/20250.56 mi

Area:2,962 sqft
Price/sqft:$3,376
Beds:5
Baths:5
Year Built:
Weight:16.9%

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