3012 W Oceanfront, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$7,750,000
3012 W Oceanfront, Newport Beach, California 92663
4Beds
3Baths
1,924Sqft
2,178Lot
Year Built
1975
Close
-
List price
$7.75M
Original List price
$7.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25077196
Home ConditionGood
Features
Excellent View: Catalina, Ocean
Deck
Patio
ViewCatalina, Ocean

About this home

Live in one and rent the other? Lease them both for outstanding income potential? Or transform them into a large private compound? The choice is yours at this front-row oceanfront duplex in Newport Beach. Unobstructed views sweep across the Pacific Ocean and embrace the Newport Pier, romantic sunsets over Catalina Island, and evening lights along the coast as far north as Palos Verdes. Remodeled and upgraded, the duplex presents a total of four bedrooms and three baths in approximately 1,924 square feet and includes an outdoor after-beach shower, two carport spaces and one enclosed garage space. Featuring one bedroom and one bath, the first-level residence is fresh and modern, with a host of desirable appointments, and seamless living areas opening to a large beach-front patio. An updated fireplace surrounded by fashionable tile lends style to the living and dining rooms, while the recently reimagined kitchen shines with quartz countertops, white Shaker cabinetry with glass uppers, a full tile backsplash, and stainless steel appliances. The primary suite features a private ocean-view atrium and a chic ensuite bath with quartz countertop and a sliding glass door to the shower. Three bedrooms, including one with a third-level loft, await in the upper unit, which showcases two luxurious baths, vaulted ceilings, travertine floors, and a large resurfaced ocean-view deck with glass railing. A peninsula bar opens to the dining room from a kitchen with custom wood cabinets and stainless appliances, and the living room displays a handsome fireplace. Custom built-in wardrobes in the primary suite and one secondary bedroom are detailed with translucent glass doors and contemporary wood drawers. Both units offer the advantages of upgraded dual-pane windows and sliding glass doors. Located at the top of the Balboa Peninsula, this turnkey duplex is enviably set near the Balboa Fun Zone, Balboa Island, Fashion Island’s high-end shops and restaurants, Lido Marina Village, beach-front bike paths, and the neighboring communities of Corona del Mar, Newport Coast and Crystal Cove.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.8mi
9/10
Newport Elementary School
Public,PK-60.9mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.3mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (80 Listings)
Beds44
50%
Baths34
42%
Square foot1,9242,622
26%
Lot Size2,1783,600
16%
Price$7.75M$4.9M
81%
Price per square foot$4,028$1,861
94%
Built year19751962
58%
HOA
Days on market211188
68%
Condition Rating
Good

The property is a duplex built in 1975 but has been remodeled and upgraded. The lower unit features a modern kitchen with quartz countertops, white Shaker cabinetry, and stainless steel appliances, along with an updated bathroom. The upper unit has a kitchen with custom wood cabinets and stainless appliances, and luxurious bathrooms. Upgraded dual-pane windows and sliding glass doors are present in both units. While not brand new, the renovations bring the property to a good, move-in-ready condition.
Pros & Cons

Pros

Oceanfront Location: Prime oceanfront location on Balboa Peninsula with unobstructed views of the Pacific Ocean, Newport Pier, and Catalina Island.
Income Potential: Duplex configuration offers multiple income streams through renting either one or both units.
Remodeled Units: Both units have been remodeled and upgraded with modern finishes, including quartz countertops, stainless steel appliances, and updated bathrooms.
Outdoor Living: Features a large beachfront patio and an ocean-view deck with glass railing, enhancing the outdoor living experience.
Desirable Amenities: Includes desirable amenities such as an outdoor shower, carport spaces, an enclosed garage, and upgraded dual-pane windows and sliding glass doors.

Cons

Year Built: Built in 1975, the property may require ongoing maintenance and potential upgrades compared to newer constructions.
Lot Size: Relatively small lot size of 2,178 sqft may limit expansion possibilities or outdoor space.
Price Point: High list price of $7,750,000 may limit the pool of potential buyers.

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