4015 Marcus Avenue, Newport Beach

$5,350,000

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5 Beds
3 Baths
.07 Acre
2 Garages

Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure.

More than a haven for a fantastic waterfront lifestyle, this property presents a lucrative investment opportunity. Comprising two separate remodeled and upgraded units totaling 5 bedrooms, it offers flexible options to generate income. Rent out one or both units monthly, establishing a steady stream of revenue. Alternatively, reside in one unit while leasing the other, relishing the comfort of home alongside an additional income source.

For paddle boarding enthusiasts, the tranquil harbor presents an ideal canvas for indulging in this popular coastal activity, offering serene and inviting waters for your enjoyment.

Newport Beach, renowned for its stunning coastline and vibrant social scene, sets the stage for a life of leisure and enjoyment. Immerse yourself in the thriving Newport Island community, where luxury yachts, waterfront residences, and a vibrant boating culture converge to create an unrivaled coastal experience.

As you explore the area, discover the relaxed yet glamorous atmosphere prevalent in Newport Island, nearby Peninsula beaches, Lido Marina Village's upscale shopping, delectable dining options at Fashion Island, and many more along the coast. Contact Broker regarding rental potential and rental history.

Essential Information

MLS® #
LG23224971
Price
$5,350,000
Bedrooms
5
Bathrooms
3.00
Acres
0.07
Year Built
1950
Type
Residential Income
Sub-Type
Duplex
Status
Active

Community Information

Address
4015 Marcus Avenue
Area
699 - Not Defined
City
Newport Beach
County
Orange
Zip Code
92663

Amenities

Parking Spaces
2
Parking
Direct Access, Garage
# of Garages
2
Garages
Direct Access, Garage
View
Water
Waterfront
Canal Front
Pool
None

Utilities

Electricity Connected, Sewer Connected, Water Connected

Interior

Interior
Laminate, Tile
Interior Features
Balcony, Open Floorplan
Appliances
Gas Cooktop, Gas Oven
Cooling
Central Air
Fireplaces
None
# of Stories
2
Stories
Two

Exterior

Exterior
Stucco
Exterior Features
Dock
Lot Description
Street Level
Windows
Bay Window(s)
Roof
Composition
Construction
Stucco
Foundation
Slab

Additional Information

Date Listed
December 12th, 2023
Days on Market
135

Listing Details

Agent
Andy Stavros

Office

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

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Buyer Agent
Andy Stavros - DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 12:10am 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.