4405 Channel Place, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$2,899,500
4405 Channel Place, Newport Beach, California 92663
3Beds
3Baths
1,836Sqft
3,127Lot
Year Built
2017
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24231127
Home ConditionExcellent
Features
Good View: City Lights, Ocean, Peek-A-Boo
ViewCity Lights,Ocean,Peek-A-Boo

About this home

A Coastal Gem with Exceptional Value and Elegance on the Balboa Peninsula Nestled just a gentle sea breeze from the beach and built in 2017, this magnificent Newport Beach property offers not only an impeccable coastal lifestyle but also the financial flexibility of a transferable "Newport Beach SHORT-TERM RENTAL PERMIT". Whether for personal enjoyment or rental income, this rare feature enhances its appeal. A beacon of coastal elegance, this Balboa Peninsula treasure spans three levels, offering expansive living spaces infused with high-end luxury. Fully furnished and turnkey, the home boasts three spacious bedrooms, a versatile loft, and three sophisticated bathrooms. Every corner is meticulously crafted to ensure both beauty and functionality. Soaring vaulted ceilings and grand windows bathe the interiors in radiant California sunshine, while wide-plank white oak floors and contemporary touches like stainless steel cable railings and stylish pendant lighting create a modern, inviting retreat. The chef’s kitchen is a showstopper, featuring pristine quartz countertops, a large entertainment-ready island, sleek European cabinetry, and premium stainless-steel appliances. The open-plan living areas flow effortlessly, perfect for daily living and hosting. The primary suite is a private oasis designed for relaxation, with a spa-inspired bathroom, walk-in shower, soaking tub, and spacious walk-in closet. Outdoors, the rooftop terrace steals the show, offering panoramic views from coastline to skyline. It's ideal for sunset gatherings or quiet reflection and ready for a hot tub addition. Built with sustainability in mind, the home features fully paid-off solar panels (2018), recessed lighting, central heating/air conditioning, and a built-in wine refrigerator. Parking is convenient with a single-car garage and additional covered space. Located a block from the beach and within walking distance to fine dining, premier shopping, and vibrant beachside activities, this home offers not just a residence, but a sophisticated lifestyle of leisure and luxury. Thank you for considering this extraordinary turnkey coastal sanctuary.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
9/10
Newport Elementary School
Public,PK-61.5mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.4mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (37 Listings)
Beds32
55%
Baths32
53%
Square foot1,8361,315
84%
Lot Size3,12735,200
16%
Price$2.9M$1.11M
95%
Price per square foot$1,579$859.5
92%
Built year20179895990
97%
HOA$609.5
Days on market361170
89%
Condition Rating
Excellent

Built in 2017, this property is in excellent condition. The kitchen features quartz countertops, European cabinetry, and stainless-steel appliances. The bathrooms are modern with a spa-inspired design. The property also includes paid-off solar panels and modern light fixtures. Overall, the property shows minimal wear and tear and meets current quality standards.
Pros & Cons

Pros

Short-Term Rental Permit: The property includes a transferable Newport Beach short-term rental permit, offering significant income potential.
Modern Construction: Built in 2017, the property features modern construction and design elements, minimizing potential maintenance issues.
Rooftop Terrace with Views: The rooftop terrace provides panoramic views of the coastline and city, enhancing the property's appeal for entertaining and relaxation.
Turnkey and Furnished: The property is fully furnished and turnkey, allowing for immediate occupancy or rental without additional investment.
Prime Location: Located a block from the beach and within walking distance to dining and shopping, offering a desirable coastal lifestyle.

Cons

Single-Car Garage: The property only has a single-car garage, which may be insufficient for some buyers, despite the additional covered space.
Relatively Small Lot Size: The lot size is relatively small at 3,127 sqft, potentially limiting outdoor space and privacy.
HOA Fees: HOA fees are associated with the property, which can impact the overall cost of ownership.

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