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

home-pic
ACTIVE$2,250,000
207 40th Street, Newport Beach, California 92663
2Beds
2Baths
726Sqft
2,431Lot
Year Built
1983
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25201170
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Living large at 207 40th Street, Unit A downstairs! One of two available units, sold separately or together, each with a coveted active short-term lodging permit 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. This 2-bedroom, 2-bath layout is light, bright, and built for the beach lifestyle, including a private primary ensuite. The front patio sets the tone with a built-in bar, al fresco café window, BBQ, and dining area—perfect for gathering after the beach or bay. Additional highlights 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. (see the upstairs unit also for sale @ 207 40th St #2)

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
09/08/25
Listing
$2,250,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (38 Listings)
Beds22
50%
Baths22
50%
Square foot7261,310
5%
Lot Size2,43138,736
15%
Price$2.25M$1.12M
85%
Price per square foot$3,099$865
97%
Built year19831979
59%
HOA$600
Days on market58161
8%
Condition Rating
Excellent

Despite being built in 1983, the property has been 'totally remodeled' as stated in the description, and the images confirm a very recent and extensive renovation. The kitchen features modern white shaker cabinets, white quartz countertops, subway tile backsplash, and new stainless steel appliances. The bathroom boasts a contemporary vanity, large frameless mirror, modern lighting, and a spacious walk-in shower with subway tile. Throughout the unit, there is consistent light wood-look flooring, and all fixtures and finishes appear virtually new, meeting current quality standards with no visible wear or deferred maintenance. The overall aesthetic is fresh, modern, and move-in ready.
Pros & Cons

Pros

Prime Coastal Location: Strategically located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones, offering unparalleled access to beach and bay activities.
High Income Potential: Comes with a coveted, active, and fully transferable short-term lodging permit, making it an exceptional high income-generating rental opportunity.
Turn-Key & Fully Remodeled: Totally remodeled, professionally furnished, and includes beach gear, providing a ready-to-enjoy, turn-key property for immediate use or rental operation.
Enhanced Outdoor Living: Features a private front patio with a built-in bar, al fresco café window, BBQ, and dining area, complemented by a private outdoor shower, perfect for the beach lifestyle.
Modern Amenities & Parking: Equipped with air conditioning and two tandem parking spaces in an oversized garage, offering significant comfort and convenience in a high-demand coastal area.

Cons

Compact Interior Space: At 726 square feet for a 2-bedroom, 2-bath unit, the interior living space is relatively compact, which may be a consideration for buyers seeking more expansive accommodations.
Limited View: Despite its proximity to the water, the property offers only a 'Neighborhood' view, lacking direct ocean or bay vistas that some buyers might expect from such a prime location.
Multi-Unit Structure: As one of two units in a multi-unit building, it may involve shared walls and potential for noise or shared responsibilities, which could impact privacy compared to a standalone property.

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