Skip To Content

307 Anade Avenue

Newport Beach, CA 92661
  • $2,999,995
  • STATUS: Active
  • ON SITE: 86 Days
  • ID#: OC23168545
$2,999,995
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jason C Bradshaw of Coldwell Banker Realty (949-644-1600) and Darren Smith of Coldwell Banker Realty(949-644-1600)


Description

STEPS to BOTH the Newport Bay and the sandy beach, and just a few short blocks to the Balboa Fun Zone, dining, shopping and the Balboa Island Ferry, this truly unique residence is nestled within the "Super Seven" of the Balboa Peninsulastreets predominantly occupied by long-term owners. This versatile floor plan offers the flexibility to function as EITHER A DUPLEX OR a SINGLE-FAMILY residence. Currently, it features a two-bedroom, two and a half-bath main unit AND a separate two-bedroom, two-bath upper unit, each with its own amenities! This one-of-a-kind property seamlessly blends personal luxury with investment potential, boasting open concept living spaces and an upstairs guest/rental unit that can be integrated with the main home if desired. Thoroughly updated, the recent remodel of the "main house introduced hardwood flooring in the large great room that opens to both the front sunny patio and the gourmet kitchen with quartz counters, and premium LG & Samsung appliances. There is an oversized main level bedroom with adjacent full bath, along with a powder bath for guests. The second level master or primary suite stands out with its vaulted ceiling, cedar walk-in closet, and luxury fittings. The second unit has an optional exterior staircase entry to its family room with vaulted ceilings and a sunny balcony, open kitchen, private laundry, and 2 additional en suite bedrooms with private bathrooms. For added comfort, central heating and AC are available downstairs, while the upstairs rooms benefit from four mini-split units. An owned solar panel system with a backup battery ensures eco-friendly power. Additional features include a tankless water heater, full pex repipe, water filtration, and smart-home crestron automation, all complemented by an oversized two-car garage. Such versatile homes on the Balboa Peninsula are rare, making this a prime opportunity in a coveted location to enjoy beach-life all year around or easily rent out a portion of the home short or long term.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143238415
Print Image

307 Anade Avenue Newport Beach, CA 92661

  • Price: $2,999,995
  • Status: Active
  • On Site: 86 Days
  • ID#: OC23168545
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1961
Built
Neighborhood:
Balboa Peninsula (Residential) (Balp)
County:
Orange
Area:
NP - Balboa Peninsula
Property Description
STEPS to BOTH the Newport Bay and the sandy beach, and just a few short blocks to the Balboa Fun Zone, dining, shopping and the Balboa Island Ferry, this truly unique residence is nestled within the "Super Seven" of the Balboa Peninsulastreets predominantly occupied by long-term owners. This versatile floor plan offers the flexibility to function as EITHER A DUPLEX OR a SINGLE-FAMILY residence. Currently, it features a two-bedroom, two and a half-bath main unit AND a separate two-bedroom, two-bath upper unit, each with its own amenities! This one-of-a-kind property seamlessly blends personal luxury with investment potential, boasting open concept living spaces and an upstairs guest/rental unit that can be integrated with the main home if desired. Thoroughly updated, the recent remodel of the "main house introduced hardwood flooring in the large great room that opens to both the front sunny patio and the gourmet kitchen with quartz counters, and premium LG & Samsung appliances. There is an oversized main level bedroom with adjacent full bath, along with a powder bath for guests. The second level master or primary suite stands out with its vaulted ceiling, cedar walk-in closet, and luxury fittings. The second unit has an optional exterior staircase entry to its family room with vaulted ceilings and a sunny balcony, open kitchen, private laundry, and 2 additional en suite bedrooms with private bathrooms. For added comfort, central heating and AC are available downstairs, while the upstairs rooms benefit from four mini-split units. An owned solar panel system with a backup battery ensures eco-friendly power. Additional features include a tankless water heater, full pex repipe, water filtration, and smart-home crestron automation, all complemented by an oversized two-car garage. Such versatile homes on the Balboa Peninsula are rare, making this a prime opportunity in a coveted location to enjoy beach-life all year around or easily rent out a portion of the home short or long term.
Exterior Features

Entry Level 1 Entry Location Main Level Or Stairs Lot Features 0-1 Unit/AcreCul-De-Sac Number Of Separate Electric Meters 1 Open Parking Spaces 1 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central AirZoned Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features FishingWater Sports Electric Expense 0 Fuel Expense 800 Garage YN Yes Green Energy Efficient ThermostatWater Heater Green Energy Generation Solar Gross Income 118000 Gross Scheduled Income 120000 Insurance Expense 1000 Land Lease YN No Laundry Features InsideLaundry ClosetIn Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 118000 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 2000 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable Tv Trash Expense 100 Water Sewer Expense 300 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371905376-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371905376-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371905376-2.jpg
Logo
Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Jason C Bradshaw of Coldwell Banker Realty (949-644-1600) and Darren Smith of Coldwell Banker Realty(949-644-1600)