1321 Bay Avenue, Newport Beach
$3,895,000 - 6 Beds, 5 BathsMLS® # OC24068066
$4,249,000
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Immerse yourself in the ultimate coastal luxury with this brand-new duplex on the iconic Balboa Peninsula—a rare opportunity combining elegance and investment potential. Spanning approximately 1,823 SF, the front unit features three bedrooms, including one that opens onto a sunny deck. French oak flooring adds warmth and elegance throughout, while rift-cut white oak cabinets provide a sleek, modern touch. For culinary enthusiasts, the kitchen is a dream come true, boasting top-of-the-line stainless steel appliances, including a Thermador cooktop, custom cabinetry, and stylish Silestone countertops that perfectly combine elegance and durability.
The secondary unit, with approximately 1,062 SF of open-concept living space, includes three bedrooms and a spacious rooftop terrace. This inviting guest suite or income opportunity mirrors the high-end finishes of the front unit, including stainless steel appliances and a Thermador cooktop in the kitchen. Outside, the stylish facade features a standing seam metal roof system. Glass sliding doors lead to the front patio and balcony, filling the interior with natural light.
Combining contemporary design, top-tier finishes, and an ideal location, this property is perfect for homeowners and investors alike. Additional highlights include a 2-car garage, a spot below 100 on the short-term permit waiting list, and a premier location in the heart of Newport's vibrant beach, dining, and entertainment scene, making this a compelling investment opportunity.
Balboa Peninsula (Residential) (BALP)
Balcony, High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
Dishwasher, Freezer, Gas Cooktop, Refrigerator, Range Hood
MLS® # OC24068066
MLS® # NP24048345
Based on information from California Regional Multiple Listing Service, Inc. as of July 6th, 2024 at 2:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.