215 32nd Street, Newport Beach, CA 92663

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
215 32nd Street,Newport Beach, CA 92663
$4,700,000
  • 8 Beds
  • 7 Baths
  • 3,500 sq. ft.
  • Townhouse
  • Active
Listed by:chris moreno
Office:surterre properties inc.
MLS#:NP25056815
Source:SANDICOR

Price summary

  • Price:$4,700,000
  • Price per sq. ft.:$1,342.86

About this home

Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready complete with two transferable STR permits and a proven income history. Whether youre looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features

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Home facts

  • Year built:2020
  • Listing Id #:NP25056815
  • Added:154 day(s) ago
  • Updated:August 16, 2025 at 01:49 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Living area:3,500 sq. ft.

Heating and cooling

  • Cooling:Electric, Zoned Area(s)
  • Heating:Forced Air Unit

Structure and exterior

  • Year built:2020
  • Building area:3,500 sq. ft.

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$4,700,000
  • Price per sq. ft.:$1,342.86
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