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

home-pic
ACTIVE$6,995,000
4017 Channel Place, Newport Beach, California 92663
0Bed
0Bath
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
NP25090089
Home ConditionExcellent
Features
Excellent View: Canal, Water
Deck
Patio
ViewCanal, Water

About this home

Completely reimagined and remodeled waterfront duplex 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 and 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)
Beds06.5
Baths04
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 finishes throughout, as confirmed by the listing description and images. Both the upper and lower unit kitchens feature contemporary flat-panel wood cabinetry, white quartz countertops, and stainless steel appliances (including a beverage fridge). Bathrooms are equally modern with new vanities, illuminated mirrors, and stylish fixtures. The property boasts new light wood flooring, modern light fixtures, large black-framed windows, and a fresh, contemporary aesthetic, indicating an extensive and very recent renovation that meets current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Waterfront Location & Access: Unbeatable location on exclusive Newport Island with 45 feet of bay frontage, a new private dock, and just two blocks from the ocean, offering direct water access and proximity to amenities.
Extensively Remodeled & Modern Design: Completely reimagined and remodeled with high-end finishes, post-modern contemporary design, open-concept living, vaulted ceilings, and floor-to-ceiling windows.
Breathtaking Panoramic Water Views: Offers stunning panoramic views of the channel and bay from multiple rooms and private waterfront patios, enhancing its luxury appeal.
Versatile Duplex Configuration: Currently configured as an upper and lower duplex, providing flexibility for owner-occupancy with rental income, multi-generational living, or potential conversion to a single-family home.
Exclusive Community & Lifestyle: Situated in a small, exclusive, and tranquil waterfront community on Newport Island, offering a unique lifestyle with boating, paddleboarding, beach access, shopping, and dining nearby.

Cons

High Price Point: The list price of nearly $7 million is a significant investment, limiting the potential buyer pool to a very niche market.
Older Original Construction: Despite extensive remodeling, the property's original build year of 1964 may raise concerns for some buyers regarding underlying infrastructure or long-term maintenance compared to newer constructions.
Modest Lot Size: The lot size of 3,409 sqft is relatively modest for a multi-million dollar waterfront property, potentially limiting expansive outdoor living space or future development options.

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