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Listed by Andy Stavros • DOUGLAS ELLIMAN OF CALIFORNIA, INC.
$ 4,995,000
Est. payment | /mo
5 Beds
4 Baths
2,608 SqFt
$ 4,995,000
Est. payment | /mo
5 Beds
4 Baths
2,608 SqFt
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Pending
Purchase Type For Sale
Square Footage 2,608 sqft
Price per Sqft $1,915
MLS Listing ID CRLG24202674
Bedrooms 5
Full Baths 3
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1950
Lot Size 3,014 Sqft
Property Description
Welcome to 4015 Marcus Avenue, a rare and captivating property located in the heart of Newport Island in Newport Beach. This unique opportunity offers not only a remodeled and updated residence but also the potential to design and build your dream modern custom home on this prime piece of real estate. With sunset-facing views and a private dock, you can enjoy the luxury of keeping your own Duffy or larger boat right at your waterfront doorstep. Imagine cruising along the tranquil waters, soaking in stunning sunsets, or indulging in the beauty of Newport Harbor. The existing home is beautifully remodeled, offering 5 bedrooms, 4 bathrooms, and 2 kitchens across two separate units. Whether you choose to live in the entire house, rent out one unit while residing in the other, or lease both for income-generating potential, the flexibility is unparalleled. This property is a perfect blend of lifestyle and investment, providing an opportunity to enjoy a waterfront lifestyle while generating a steady income stream. For those with an eye toward the future, this lot offers the perfect canvas to design and build a modern custom home enhancing the property’s value and making it truly one-of-a-kind. The serene waters of Newport Harbor are ideal for paddle boarding and other water activities
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Range, Refrigerator
Laundry Inside
Exterior
Garage Spaces 2.0
Pool None
View Bay
Handicap Access None
Private Pool false
Building
Lot Description Other
Story 2
Water Public
Schools
School District Newport-Mesa Unified
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Melanie Peterson-Katz
Partner | Lic# 00890767