4017 Channel Place, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$6,995,000
4017 Channel Place, Newport Beach, California 92663
5Beds
4Baths
2,861Sqft
3,409Lot
Year Built
1964
Close
-
List price
$7M
Original List price
$7.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25084939
Home ConditionExcellent
Features
Excellent View: Canal, Water
Deck
Patio
ViewCanal, Water

About this home

Completely reimagined and remodeled waterfront property offers modern luxury, breathtaking views, 45 feet of frontage, a new dock, and an unbeatable location on Newport Island. This post-modern, contemporary home has been thoughtfully redesigned to seamlessly integrate its stunning bayfront setting with high-end finishes, an open-concept living space, and a seamless indoor-outdoor flow. The property is currently configured as an upper and lower duplex, with the potential to live as a single-family home. The upper unit is a showstopper, featuring vaulted ceilings featuring floor-to-ceiling windows that frame the panoramic views of the channel. The dramatic high ceilings and open-concept design create an expansive, light-filled space where the living and dining areas blend effortlessly with the gourmet kitchen. With two bedrooms, two bathrooms, and a versatile bonus room ideal for an office or gym, this residence is as functional as it is beautiful. A private waterfront patio extends the living space outdoors, offering the perfect place to unwind and take in the serene views. The lower unit is designed for seamless indoor-outdoor living, complete with an expansive waterfront patio that boasts 45 feet of frontage and a brand-new dock. The spacious interior has been thoughtfully designed to maximize comfort and style. With three bedrooms and two bathrooms, this unit is ideal for guests, extended family, or rental income. Newport Island is one of Newport Beach’s best-kept secrets, a small and exclusive waterfront community with fewer than 200 homes. Uniquely positioned on the bay while being just two blocks from the ocean, this home offers the best of both worlds—boating and paddleboarding right from your dock, with the beach, shopping, and dining just a short stroll away. The neighborhood features a waterfront park and a charming baby beach in a tranquil, tucked-away setting. This exceptional duplex presents an incredible opportunity for an owner-user, investor, or anyone seeking the ultimate waterfront lifestyle in one of Newport Beach’s most desirable locations.

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,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.3mi

Price History

Date
Event
Price
09/04/25
Price Change
$6,995,000-2.8%
04/30/25
$7,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds56
42%
Baths44
50%
Square foot2,8612,525
71%
Lot Size3,4092,714
88%
Price$7M$3.2M
92%
Price per square foot$2,445$1,431.5
92%
Built year19649815982
54%
HOA
Days on market189182
58%
Condition Rating
Excellent

Despite being built in 1964, the property has been 'completely reimagined and remodeled' with high-end, modern luxury finishes, as explicitly stated in the description and clearly visible in the images. The kitchens feature contemporary cabinetry, white countertops, and modern appliances (including a wine fridge), indicative of a gourmet setup. Bathrooms are equally updated with sleek vanities, modern fixtures, illuminated mirrors, and clean tiling. All visible components, from flooring to light fixtures and large windows, appear new or virtually new, reflecting an extensive and recent renovation that meets current quality standards.
Pros & Cons

Pros

Prime Waterfront Location & Access: Unbeatable Newport Island location with 45 feet of private frontage and a new dock, offering direct bay access for boating and paddleboarding, and close proximity to the ocean, shopping, and dining.
Extensive Modern Remodel: Completely reimagined and remodeled with modern luxury and high-end finishes, providing a move-in ready, contemporary living experience.
Breathtaking Panoramic Views: Features stunning panoramic views of the channel from multiple vantage points, including floor-to-ceiling windows in the upper unit, enhancing the property's aesthetic and value.
Versatile Income/Living Configuration: Currently configured as a duplex (upper and lower units) with potential for single-family conversion, offering flexibility for owner-occupancy, guest accommodations, or significant rental income.
Seamless Indoor-Outdoor Living: Thoughtfully designed with open-concept living spaces and expansive waterfront patios that create a seamless flow between interior comfort and outdoor enjoyment.

Cons

Original Construction Age: Despite extensive remodeling, the property's original build year of 1964 may raise questions about the condition of underlying infrastructure not explicitly mentioned as updated, potentially leading to future maintenance concerns.
Duplex Configuration Limitation: While versatile, the current duplex setup might not suit all luxury buyers who prefer a dedicated single-family home without the complexities of a multi-unit property or the need for conversion.
Compact Lot Size: The 3,409 sqft lot, while waterfront, is relatively small for a property of this caliber and price point in Newport Beach, potentially limiting additional expansive outdoor amenities or garden space.

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