207 40th, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath

207 40th, Newport Beach, California 92663 home-pic-0
ACTIVE$4,400,000
207 40th, Newport Beach, California 92663
0Bed
0Bath
2,001Sqft
2,431Lot
Year Built
1983
Close
-
List price
$4.4M
Original List price
$4.4M
Price/Sqft
$2,199
HOA
-
Days on market
-
Sold On
-
MLS number
NP25253083
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $4.40M(88th), sqft - 2001(36th), beds - undefined(48th), baths - undefined(48th).

Living large at 207 40th Street. Two units available, sold separately or together, each with a coveted active short-term lodging permit (yes, 2-short term permits) fully transferable to the new owner. Totally remodeled and professionally furnished, this property is ready to enjoy from day one as a getaway, family beach pad, or high income-generating rental. The interior is styled in a coastal urban-chic aesthetic with light wood accents and beach-inspired tones. With a 2-bedroom, 2-bath downstairs unit that is light, bright, and built for the beach lifestyle, including a private primary ensuite and front patio that sets the tone with a built-in bar, al fresco café window, BBQ, and dining area perfect for gathering after the beach or bay. The Upstairs unit is a 3-bedroom, 2-bath designed with dramatic vaulted ceilings throughout, including a spacious primary suite with private patio. Additional highlights for both units include air conditioning, a private outdoor shower and two tandem parking spaces in the oversized 4-car garage. Everything you need is already here from the furnishings to the beach gear making this an easy, turn-key operation. Located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.2mi
9/10
Newport Elementary School
Public,PK-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.4mi

Price History

Date
Event
Price
11/05/25
Listing
$4,400,000
06/22/18
Sold
$760,000
Condition Rating
Excellent

Despite being built in 1983, the property has been 'totally remodeled' as stated in the description, and the images strongly support a very recent and extensive renovation. Both kitchens feature modern white shaker cabinets, light-colored countertops, white subway tile backsplashes, and new stainless steel appliances (refrigerators, gas ranges, microwaves, dishwashers). The flooring throughout is a consistent, modern light wood-look. Light fixtures, including chandeliers, pendant lights, and ceiling fans, are contemporary. The overall aesthetic is a fresh 'coastal urban-chic' style, indicating all components are new or virtually new, meeting current quality standards with no deferred maintenance. Air conditioning is also a modern amenity.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Income Potential: Features two units, each with a coveted and transferable active short-term lodging permit, offering significant high-income generation opportunities.
Prime Coastal Location: Situated just 11 houses from the sand and 4 houses from the bay in a highly desirable zone of the Newport Peninsula, providing unparalleled beach and bay access.
Turn-key & Fully Equipped: Totally remodeled, professionally furnished, and includes all beach gear, making it an immediate, hassle-free investment or personal getaway.
Modern & Appealing Design: Styled in a coastal urban-chic aesthetic with light wood accents, beach-inspired tones, vaulted ceilings, and private patios, enhancing its desirability.
Ample Parking & Comfort Features: Includes an oversized 4-car garage with two tandem spaces, air conditioning in both units, and private outdoor showers, adding significant convenience and comfort.

Cons

Limited Views: Despite its close proximity to the water, the property offers only 'Neighborhood' views, lacking direct ocean or bay vistas that might be expected in this location.
Compact Lot Size: The 2,431 sqft lot is relatively modest, which may limit extensive private outdoor space beyond the existing patios and built-in amenities.
Tandem Parking Arrangement: While ample, the two tandem parking spaces in the 4-car garage can be less convenient for multiple vehicles or short-term renters requiring independent access.

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