$7,125,000 - 4010 River Avenue, Newport Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.07Acres
THIS RARE WATERFRONT GEM is one of the top luxury short-term vacation rental getaways in all of Newport Beach. The exceptional offering is completely turnkey and ready for a new owner to step right into an instant flow of year-round income. PRIVATE OVER-SIZED DOCK, Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are included. The property is WELL-MAINTAINED, FULLY FURNISHED and upgraded throughout, melding today's modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to all Newport Harbor waterways and beyond for boaters, paddleboarding or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around, beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The RARE CORNER LOT leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of privacy and space. BOTH UNITS FEATURE 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, fire pit, spacious rooms with casual and comfortable furnishings, well-appointed kitchen, HVAC system, natural gas fireplace in living room & each a private 1 car garage. LOWER UNIT-Sleeps 8- Approx. 1,291 sq.ft., lg. teak-like patio deck leading to private dock. UPPER UNIT-Sleeps 8- Approx. 1,509 sq.ft., lg. cantilevered deck. Occupy 1 unit (full or part-time) and rent the other, or rent both. This amazing owner-operated VRBO STL business was methodically designed and built by the sellers with two goals in mind: 1)to run a lucrative, efficient, streamlined business that would consistently deliver the finest available in STL, 2)to be rated as a top vacation rental in Newport Beach; they have achieved both. Neighborhood utilities were recently undergrounded. This meticulously curated and attractive business investment comes with all furnishings, including operational/replacement items on hand, recreational bay/beach toys, and impressive number of 2023 bookings. Read all reviews on VRBO. This unique TURNKEY investment strategy awaits just one fortunate investor; will you be the one?
Essential Information
- MLS® #:NP21195146
- Price:$7,125,000
- Bathrooms:0.00
- Acres:0.07
- Year Built:1948
- Type:Residential Income
- Sub-Type:Duplex
- Style:Cape Cod
- Status:Closed
- Listing Agent:Marie Little
- Listing Office:Arbor Real Estate
Community Information
- Address:4010 River Avenue
- Area:N8 - West Newport - Lido
- City:Newport Beach
- County:Orange
- Zip Code:92663
Amenities
- Parking Spaces:2
- Parking:Door-Multi, Garage, Garage Door Opener
- # of Garages:2
- Garages:Door-Multi, Garage, Garage Door Opener
- View:Bay, Canal, City Lights, Panoramic
- Waterfront:Beach Access, Bay Front, Canal Front, Dock Access, Ocean Access, Ocean Side Of Highway, Seawall
- Pool:None
Interior
- Appliances:Dryer, Washer
- Heating:Forced Air
- Cooling:Central Air
- Fireplace:Yes
- Fireplaces:Living Room
- # of Stories:2
- Stories:Two
Exterior
- Exterior Features:Barbecue, Dock, Lighting, Rain Gutters
- Lot Description:0-1 Unit/Acre, Corner Lot, Near Park
Additional Information
- Date Listed:September 1st, 2021
- Days on Market:306
Similar Type Properties to NP21195146, 4010 River Avenue, Newport Beach
Back to ResultsIncredibly Rare, Highly Sought After Duplex On ...
Similar Neighborhoods in Newport Beach, California
Back to ResultsLido Peninsula (lipn)
- City:
- Newport Beach
- Price Range:
- $7,100,000 - $7,100,000
- Current Listings:
- 1
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Balboa Peninsula (residential) (balp)
- City:
- Newport Beach
- Price Range:
- $2,495,000 - $7,998,000
- Current Listings:
- 5
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of April 24th, 2024 at 10:56pm CDT. 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.