417 E Bay, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath

417 E Bay, Newport Beach, California 92661 home-pic-0
ACTIVE$5,288,888
417 E Bay, Newport Beach, California 92661
5Beds
6Baths
2,602Sqft
2,178Lot
Year Built
2020
Close
-
List price
$5.29M
Original List price
$5.29M
Price/Sqft
$2,033
HOA
-
Days on market
-
Sold On
-
MLS number
OC25276620
Home ConditionExcellent
Features
Excellent View: Bay, Back Bay, Catalina, City Lights, Coastline, Harbor, Mountain(s), Panoramic, Pier, Water
Deck
ViewBay,Back Bay,Catalina,City Lights,Coastline,Harbor,Mountain(s),Panoramic,Pier,Water

About this home

Great Deal:The estimated price is 12% above the list price. We found 5 Cons,6 Pros. Rank: price - $5.29M(54th), sqft - 2602(69th), beds - 5(96th), baths - 6(96th).

Welcome to this Exceptional income producing duplex opportunity in the heart of Newport Beach. This nearly $300,000 per year revenue property features a fully transferable short-term rental license, allowing legal operation on Airbnb and VRBO a rare and highly coveted advantage. The property is consistently booked year round, offering immediate cash flow with true turnkey ease. Built in 2020 by renowned Burkhard Builders, this front and back unit configuration offers flexibility for investors, owner-users, or multi generational living. The front residence (Unit A) spans approximately 1,400 square feet and features three bedrooms and three and one half baths, while the rear residence (Unit B) offers approximately 1,200 square feet with two bedrooms and two and one half baths. Each unit is thoughtfully designed with privacy and functionality in mind. Both residences showcase designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures. A private ocean view rooftop balcony provides an ideal setting for entertaining and enjoying coastal sunsets. Additional highlights include a each unit with a single car attached covered garage plus one additional covered parking for each unit, a highly desirable feature in this location. Offered fully turnkey, this is a rare Newport Beach opportunity combining luxury, flexibility, and proven income​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ performance.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.5mi

Price History

Date
Event
Price
12/16/25
Listing
$5,288,888
04/10/20
Sold
$1,500,000
01/11/18
Sold
$1,325,000
07/13/05
Sold
$1,240,000
Condition Rating
Excellent

This property was built in 2020, making it virtually new construction. The MLS description highlights 'designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures.' The images confirm this, showcasing modern, pristine kitchens with high-end appliances and sleek cabinetry, and contemporary bathrooms with glass-enclosed showers, modern vanities, and stylish tiling. The flooring is a consistent, light-colored modern plank, and lighting is primarily recessed. All elements appear new, meet current quality standards, and show no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Income Generation: Proven annual revenue of nearly $300,000 with a fully transferable, legal short-term rental license (Airbnb/VRBO), ensuring immediate and consistent cash flow.
Modern Luxury Construction: Built in 2020 by renowned Burkhard Builders, featuring designer-grade finishes, Wolf appliance suites, and custom cabinetry throughout both units.
Prime Coastal Location & Panoramic Views: Situated in the heart of Newport Beach, offering a private ocean view rooftop balcony and panoramic views including Bay, Catalina, City Lights, and the Pacific Ocean.
Flexible Duplex Configuration: Two distinct units (3 bed/3.5 bath and 2 bed/2.5 bath) provide versatility for investors, owner-users, or multi-generational living arrangements.
Ample Covered Parking: Each unit includes a single-car attached covered garage plus an additional covered parking space, a highly desirable amenity in this coastal area.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2602, other record living area = 978.
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 2602.
High Capital Investment: The property's significant list price of over $5.2 million represents a substantial upfront investment, potentially narrowing the buyer pool.
Limited Private Outdoor Space: With a lot size of only 2,178 sqft for a duplex, private outdoor areas beyond the rooftop balcony may be minimal, which could be a consideration for some buyers.
Market Volatility for Short-Term Rentals: While currently highly profitable, income is dependent on the short-term rental market, which can be susceptible to economic fluctuations, regulatory changes, and increased competition.

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