PRICE $6,850,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,800 sqft
LOT SIZE 3,037 sqft

THIS RARE WATERFRONT GEM is one of the top luxury short-term vacation rental getaways in all of Newport Beach. The exceptional offering is completely turnkey and ready for a new owner to step right into an instant flow of year-round income. PRIVATE OVER-SIZED DOCK, Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are included. The property is WELL-MAINTAINED, FULLY FURNISHED and upgraded throughout, melding today's modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to all Newport Harbor waterways and beyond for boaters, paddleboarding or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around, beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The RARE CORNER LOT leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of privacy and space. BOTH UNITS FEATURE 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, fire pit, spacious rooms with casual and comfortable furnishings, well-appointed kitchen, HVAC system, natural gas fireplace in living room & each a private 1 car garage. LOWER UNIT-Sleeps 8- Approx. 1,291 sq.ft., lg. teak-like patio deck leading to private dock. UPPER UNIT-Sleeps 8- Approx. 1,509 sq.ft., lg. cantilevered deck. Occupy 1 unit (full or part-time) and rent the other, or rent both. This amazing owner-operated VRBO STL business was methodically designed and built by the sellers with two goals in mind: 1)to run a lucrative, efficient, streamlined business that would consistently deliver the finest available in STL, 2)to be rated as a top vacation rental in Newport Beach; they have achieved both. Neighborhood utilities were recently undergrounded. This meticulously curated and attractive business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, and impressive number of 2023 bookings. Read all reviews on VRBO. This unique TURNKEY investment strategy awaits just one fortunate investor; will you be the one?

DAYS ON MARKET 604 LAST UPDATED 5/11/2023
YEAR BUILT 1948 COMMUNITY West Newport - Lido
GARAGE SPACES 2.0 COUNTY Orange
STATUS Sold PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Jan 19, '23 $7,500,000
Jan 19, '23 - Today $7,125,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dryer, Washer
AREA West Newport - Lido
EXTERIOR Barbecue, Dock, Lighting, Rain Gutters
FIREPLACE Yes
GARAGE Door-Multi, Garage, Garage Door Opener, Yes
HEAT Forced Air
HOA DUES 0
LOT 3036 sq ft
LOT DESCRIPTION 0-1 Unit/Acre, Corner Lot, Near Park
PARKING Door-Multi,Garage,Garage Door Opener
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Cape Cod
VIEW Yes
VIEW DESCRIPTION Bay,Canal,City Lights,Panoramic
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Access,Bay Front,Canal Front,Dock Access,Ocean Access,Ocean Side Of Highway,Seawall
MORTGAGE CALCULATOR
   

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