211 Cypress Street, Newport Beach, CA 92661
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
211 Cypress Street,Newport Beach, CA 92661
$3,695,000
- 4 Beds
- 2 Baths
- 1,896 sq. ft.
- Multi-family
- Active
Listed by: christopher garner
Office: christopher garner650-438-3377
MLS#:26833345
Source:CRMLS
Price summary
- Price:$3,695,000
- Price per sq. ft.:$1,948.84
About this home
Located in the heart of the Balboa Peninsula, 211 Cypress presents a rare opportunity to own a traditional beach house just steps from the Balboa Fun Zone, local restaurants, the bay, and the beach. This well-positioned coastal duplex offers immediate income potential, owner-user flexibility, and long-term redevelopment upside in one of Newport Beach's most desirable waterfront communities. The property consists of two updated 2-bedroom, 1-bath residences totaling approximately 1,896 square feet on an approximately 3,049 square foot lot. The lower unit is currently tenant-occupied on a month-to-month lease at $4,200 per month, providing stable in-place income from day one. The upper unit, previously rented for $5,000 per month, will be delivered vacant at closing, creating an ideal opportunity for a buyer seeking a second-home retreat with supplemental rental income or an investor looking to maximize future cash flow. Both residences have been thoughtfully updated with remodeled kitchens and bathrooms, central air conditioning, upgraded finishes, and new appliances throughout, including wine refrigerators. Outdoor improvements include upgraded paver hardscape, privacy fencing, a fire pit lounge area, and inviting entertaining spaces designed to embrace indoor-outdoor coastal living. The property also offers future value-add potential. Existing garage areas may present opportunities for conversion into additional living or flexible-use space, subject to buyer verification with the City of Newport Beach. Neighboring properties further suggest the possibility for future expansion opportunities through enhanced building envelopes closer to the front setback line. Whether envisioned as a primary residence, vacation getaway, owner-user investment, or long-term redevelopment opportunity, 211 Cypress delivers a versatile coastal lifestyle property in a premier Balboa Peninsula location. Buyer to verify all square footage, zoning, short-term rental regulations, development potential, and future use possibilities with the City of Newport Beach and appropriate professionals....
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Home facts
- Year built:1961
- Listing ID #:26833345
- Added:1 day(s) ago
- Updated:May 16, 2026 at 11:27 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:1,896 sq. ft.
Heating and cooling
- Cooling:Gas
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1961
- Building area:1,896 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Front Yard
- Architectural Style:Contemporary
- Exterior Features:Brick Patio, Covered, FrontPorch, Open, Patio
- Foundation Description:Slab
- Levels:2 Story
Finances and disclosures
- Price:$3,695,000
- Price per sq. ft.:$1,948.84
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
- Amenities:Carbon Monoxide (CO2) Detector, Walk In Closets
Parking
- Total parking spaces:2
- Parking description:Private
- Garage:Yes
- Garage spaces:2
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