- 8 Beds
- 7 Baths
- 3,500 Sqft
- ½ Acres
215 32nd Street
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 you’re 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 include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later—this is a Newport Beach opportunity you don’t want to miss.
Essential Information
- MLS® #NP25056815
- Price$4,700,000
- Bedrooms8
- Bathrooms7.00
- Full Baths5
- Half Baths2
- Square Footage3,500
- Acres0.05
- Year Built2020
- TypeResidential
- Sub-TypeDuplex
- StyleContemporary
- StatusActive
Community Information
- Address215 32nd Street
- AreaN8 - West Newport - Lido
- CityNewport Beach
- CountyOrange
- Zip Code92663
Subdivision
Balboa Peninsula (Residential) (BALP)
Amenities
- Parking Spaces4
- # of Garages2
- ViewMountain(s), City Lights
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available
Parking
Garage, Attached Carport, Carport, Direct Access, Garage Faces Rear
Garages
Garage, Attached Carport, Carport, Direct Access, Garage Faces Rear
Interior
- InteriorVinyl
- HeatingForced Air
- CoolingElectric, Zoned
- FireplacesNone
- # of Stories2
- StoriesThree Or More
Interior Features
Built-in Features, Recessed Lighting, All Bedrooms Up, Ceiling Fan(s), Furnished, Galley Kitchen, Granite Counters, Stone Counters, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Built-In Range
Exterior
- Lot DescriptionZeroToOneUnitAcre
School Information
- DistrictNewport Mesa Unified
- ElementaryNewport
- MiddleEnsign
- HighNewport Harbor
Additional Information
- Date ListedMarch 14th, 2025
- Days on Market152
Listing Details
- AgentChris Moreno
- OfficeSurterre Properties Inc.
Price Change History for 215 32nd Street, Newport Beach, (MLS® #NP25056815)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $4,800,000 to $4,700,000 | ||
| Price Reduced from $4,988,888 to $4,800,000 | ||
| Price Increased from $4,900,000 to $4,988,888 | ||
| Price Reduced from $5,200,000 to $4,900,000 | ||
| Price Reduced from $5,900,000 to $5,200,000 |
Chris Moreno, Surterre Properties Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2025 at 9:21am 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.