MLS# LG24202674 – 4015 Marcus Avenue, Newport Beach, CA 92663

$4,995,000 - 5Br/4Ba - for Sale in Newport Beach

Price: $4,995,000

Beds: 5

Baths: 3 full, 1 half

Living Area SqFt: 2,608

Status: Activeundercontract

Property Type: Duplex

Lot Size Acres: 0.07

Lot Size SqFt: 3,014

Year Built: 1950

Days on Website: 55

Property listed by DOUGLAS ELLIMAN OF CALIFORNIA, INC., Andy Stavros {attribution_contact}

Property Description

Welcome to 4015 Marcus Avenue, a rare and captivating property located in the heart of Newport Island in Newport Beach. This unique opportunity offers not only a remodeled and updated residence but also the potential to design and build your dream modern custom home on this prime piece of real estate. With sunset-facing views and a private dock, you can enjoy the luxury of keeping your own Duffy or larger boat right at your waterfront doorstep. Imagine cruising along the tranquil waters, soaking in stunning sunsets, or indulging in the beauty of Newport Harbor. The existing home is beautifully remodeled, offering 5 bedrooms, 4 bathrooms, and 2 kitchens across two separate units. Whether you choose to live in the entire house, rent out one unit while residing in the other, or lease both for income-generating potential, the flexibility is unparalleled. This property is a perfect blend of lifestyle and investment, providing an opportunity to enjoy a waterfront lifestyle while generating a steady income stream. For those with an eye toward the future, this lot offers the perfect canvas to design and build a modern custom home enhancing the property’s value and making it truly one-of-a-kind. The serene waters of Newport Harbor are ideal for paddle boarding and other water activities, and the thriving Newport Beach community provides a coastal lifestyle like no other. With nearby access to Peninsula beaches, Lido Marina Village, upscale shopping, and premier dining at Fashion Island, you’ll experience the best of both worlds—a peaceful retreat with easy access to all Newport has to offer.

Property Details and Features

Property Access
Road surface type: AlleyPaved

Appliances & Equipment
GasCooktop
Disposal
Refrigerator

Bathrooms
1 half bathroom
1 main level bathroom
3 full bathrooms
4 total bathrooms

Bedrooms
2 main level bedrooms
5 total bedrooms

Building
Built in 1950
Levels: Two
Living area: 2608
2 stories
Common walls: NoCommonWalls
Construction materials: Adobe

Community
Sidewalks

Cooling
CentralAir

Accessibility Features
Accessibility features: None

Fence
Partial

Fireplaces
None

Floors
Laminate
Tile

Garage
2 spaces

Heating
Central

Interior Features
EatInKitchen

Laundry
Inside

Listing
ListingID: LG24202674
Standard status: ActiveUnderContract
45 days on market

Location
Country: US

Lot
0.0692 acres
3,014 square feet
Size: 3,014
StreetLevel

Parking
2 totals parking

Pool
None

Property
Open
Patio
Bay

Roof
Composition

Sewer
PublicSewer

Spa
None

Utilities
ElectricityConnected
WaterConnected

Property Map

$4,995,000 – 4015 Marcus Avenue, Newport Beach, CA 92663

Street View

Nearby Schools

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Based on information from California Regional Multiple Listing Service, Inc. as of November 25, 2024 12:23 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.