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$4,995,000

Est. payment - /mo

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5 BD

4 BA

3,014 Sqft Lot

Active

4015 Marcus AVE Newport Beach, CA 92663

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/26/2024 10:34 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG24202674

Bedrooms 5

Full Baths 3

Half Baths 1

HOA Y/N No

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, and the thriving Newport Beach community provides a coastal lifestyle like no other. With nearby access to Peninsula beaches, Lido Marina Village, upscale shopping, and premier dining at Fashion Island, you?ll experience the best of both worlds?a peaceful retreat with easy access to all Newport has to offer.

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Main Level Bedrooms 2

Ensuite Laundry Inside

Interior

Interior Features Eat-in Kitchen

Laundry Location Inside

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Disposal, Refrigerator

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence Partial

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Water Connected

View Y/N Yes

View Bay

Roof Type Composition

Accessibility None

Porch Open, Patio

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description Street Level

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 42305303

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Andy Stavros • DOUGLAS ELLIMAN OF CALIFORNIA, INC. • 949-290-0139

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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