436 Prospect Street

Newport Beach, CA 92663

$4,400,000

List Price

4

bed Beds

4

shower Baths

2,832 sqft

straighten / sqft

2021

calendar_month Built

Property Description

INVESTOR OPPORTUNITY – PRIME NEWPORT SHORES LEASEBACK This stunning contemporary home, built in 2022, offers a rare investment opportunity in Newport Shores, a sought-after beachside community. The sellers are seeking a two-year leaseback, making this an ideal turn-key investment. Spanning over 2,800 sq. ft., this bright and modern two-story home features 4 bedrooms, 3 full baths, and 2 half baths, plus a versatile bonus room. The first floor includes a guest suite, while upstairs hosts the primary suite with a spa-like bath, oversized walk-in closet, and a private deck. The bonus room, complete with a wet bar and private deck access, could easily be converted into a fifth bedroom. High-end finishes throughout include wide-plank hardwood flooring, designer lighting, and custom bathrooms and kitchen. The chef’s kitchen boasts top-of-the-line appliances, sleek cabinetry, and an oversized island. Additional upgrades include fully paid solar panels and whole-home water filtration. Designed for easy coastal living, the home features a charming front patio with a built-in bench seat and lush landscaping, plus a low-maintenance backyard with a built-in BBQ, fire pit and outdoor shower. Located in the Newport Shores community, residents enjoy resort-style amenities, including a lap pool, tennis court, and sand volleyball court. With restaurants and the beach just steps away, this is an unbeatable opportunity to own a luxury coastal property with built-in rental income.

Listing Information

List Price $4,400,000
Status Active
MLS NP25054094
HOA $650
Type Residential
Subtype Single Family Residence
Year Built 2021
Lot Size 2,720
Structure Size 2,832
Courtesy Of Surterre Properties Inc.
Listing Agent Rebecca Anderson DRE#01913892

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 4
Flooring Information
Material Wood
Fireplace Information
Features Living Room
Additional Information
Additional Features Eat-in Kitchen, Open Floorplan, Bedroom on Main Level, Jack and Jill Bath, Loft, Primary Suite, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air
Heating Type
Heating Type Central

Exterior Information

Other Structures
Features Covered, Enclosed, Patio
Views Neighborhood, Ocean

Maps

home_work Nearby Properties

Listing information courtesy of: Rebecca Anderson, Surterre Properties Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 12th, 2025 at 1:32 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.