$7,100,000
NEW CONSTRUCTION

Estimated payment $42,694/month

Total Views 48
5 Beds
6 Baths
2,580 Sq Ft
$2,752 Price per Sq Ft

Highlights

  • Ocean View
  • Roof Top Spa
  • Custom Home
  • Newport Elementary School Rated A
  • New Construction
  • 2-minute walk to 38th Street Park

About This Home

New construction and just steps to the sand, this Newport Beach duplex is not only a testament to modern construction but also a goldmine for those seeking a lucrative investment. Boasting not just one, but two active short-term rental permits, this property offers an unparalleled opportunity to maximize your income potential. The front unit, with its 3 bedrooms and 4 bathrooms, features a gorgeous pivot entry door, spacious open concept living area, waterfall kitchen island with bar seating, Viking appliances, custom cabinetry, stone countertops, large pantry, and plenty of storage. Enjoy ocean views on the rooftop deck with an outdoor dining table and a luxurious Jacuzzi. The rear unit, with its private entrance, consists of 2 bedrooms and 2 bathrooms, an open concept kitchen and dining area with custom cabinetry, stone countertops, and Viking appliances. The expansive rooftop deck is truly remarkable, complete with a covered dining area, outdoor kitchen, fire pit, and another indulgent jacuzzi. With this remarkable duplex, you can enjoy the best of both worlds: a stunning Newport Beach retreat and a steady stream of rental revenue.

Last Listed By

Jodi DiTolla

DiTolla Real Estate Brokerage Phone: 949-228-7263 License #01969994 Listed on: 05/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,422

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 2,370 Sq Ft Lot
  • No Common Walls
  • Fenced
  • New Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Attached Garage
  • Attached Carport
  • Parking Available

Home Design

  • Duplex
  • Custom Home
  • Contemporary Architecture
  • Turnkey
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,580 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dual Staircase
  • Wired For Data
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Casement Windows
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Room
  • Ocean Views
  • Home Security System

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Stone Countertops
  • Self-Closing Drawers
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 6 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Accessible Home Design

  • More Than Two Accessible Exits

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating
  • Solar Heating System

Outdoor Features

  • Roof Top Spa
  • Balcony
  • Patio
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts For Spa
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 15 / 38
  • Tax Tract Number 670
  • Assessor Parcel Number 42332202

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,422

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Security: Security System
  • View: Yes
  • Architectural Style: Contemporary, Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 42332202
  • Year Built: 2025
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2580.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Built-in Features, Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Wired for Data
  • Stories: 3
  • Entry Location: 1 and 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Primary Bedroom, Electric
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2751.94
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, Roof Top
  • Window Features: Casement Windows
  • Bathroom Features: Bathtub, Double Sinks In Primary Bath, Dual Shower Heads (or Multiple), Linen Closet/Storage, Main Floor Full Bath, Separate Tub And Shower, Soaking Tub, Stone Counters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Ocean
  • Fence: Yes
  • Fencing: New Condition
  • Patio And Porch Features: Deck, Front Porch, Roof Top
  • Pool Private: No
  • Roof: Metal
  • Spa: Yes
  • Construction Materials: Fiber Cement, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Range Hood, Tankless Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts For Spa, 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), Natural Gas, Solar
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2370.00
  • Lot Size Acres: 0.0544
  • Latitude Manual: 33.61798800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2370.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 635.00
  • Tax Lot: 15
  • Tax Tract Number: 670

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $35,422 $3,315,000 $3,221,631 $93,369
2023 $30,997 $2,907,000 $2,820,848 $86,152
2022 $24,548 $2,285,719 $2,210,340 $75,379
2021 $24,079 $2,240,901 $2,167,000 $73,901
2020 $23,847 $2,217,924 $2,144,780 $73,144
2019 $23,356 $2,174,436 $2,102,726 $71,710
2018 $22,892 $2,131,800 $2,061,496 $70,304
2017 $11,743 $1,069,479 $988,349 $81,130
2016 $11,483 $1,048,509 $968,969 $79,540
2015 $11,373 $1,032,760 $954,414 $78,346
2014 $11,106 $1,012,530 $935,718 $76,812
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $7,100,000 +118.5% $2,752 / Sq Ft
02/21/2023 02/21/23 Sold $3,250,000 0.0% $1,413 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $3,250,000 +14.0% $1,413 / Sq Ft
04/22/2022 04/22/22 Sold $2,850,000 -3.4% $893 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
11/19/2021 11/19/21 For Sale $2,950,000 +41.1% $924 / Sq Ft
01/04/2017 01/04/17 Sold $2,090,000 -4.8% $995 / Sq Ft
10/14/2016 10/14/16 For Sale $2,195,000 -- $1,045 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Grant Deed $3,250,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $2,090,000 Wfg Title Company Of Ca
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $873,000 Southland Title Corporation
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- --
Grant Deed $575,000 United Title Company
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed $359,090 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,437,500 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $1,280,000 Negative Amortization
Previous Owner $466,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $698,400 Negative Amortization
Previous Owner $371,000 Purchase Money Mortgage
Previous Owner $275,000 Balloon
Previous Owner $28,900 Small Business Administration
Previous Owner $288,000 Purchase Money Mortgage
Closed $36,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25031356

California Regional Multiple Listing Service (CRMLS)

APN: 423-322-02