Welcome to 4015 Marcus Avenue, a rare and captivating property located in the heart of Newport Island in Newport Beach. This unique opportunity offers not only a remodeled and updated residence but also the potential to design and build your dream modern custom home on this prime piece of real estate. With sunset-facing views and a private dock, you can enjoy the luxury of keeping your own Duffy or larger boat right at your waterfront doorstep. Imagine cruising along the tranquil waters, soaking in stunning sunsets, or indulging in the beauty of Newport Harbor.
The existing home is beautifully remodeled, offering 5 bedrooms, 4 bathrooms, and 2 kitchens across two separate units. Whether you choose to live in the entire house, rent out one unit while residing in the other, or lease both for income-generating potential, the flexibility is unparalleled. This property is a perfect blend of lifestyle and investment, providing an opportunity to enjoy a waterfront lifestyle while generating a steady income stream.
For those with an eye toward the future, this lot offers the perfect canvas to design and build a modern custom home enhancing the property’s value and making it truly one-of-a-kind. The serene waters of Newport Harbor are ideal for paddle boarding and other water activities, and the thriving Newport Beach community provides a coastal lifestyle like no other. With nearby access to Peninsula beaches, Lido Marina Village, upscale shopping, and premier dining at Fashion Island, you’ll experience the best of both worlds—a peaceful retreat with easy access to all Newport has to offer.
Sold for $4,855,000 on 02/18/25
Listing Provided by:
Andy Stavros DRE #01408840 949-290-0139,
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
$4,855,000
4015 Marcus Ave, Newport Beach, CA 92663
5beds
2,608sqft
Duplex
Built in 1950
3,014 Square Feet Lot
$-- Zestimate®
$1,862/sqft
$5,298 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 20, 2025 at 07:18am
Listing Provided by:
Andy Stavros DRE #01408840 949-290-0139,
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Bought with:
Dominic Tucci, DRE #01506188
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: LG24202674
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Disposal, Refrigerator
- Laundry: Inside
Features
- Eat-in Kitchen
- Flooring: Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,608 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Open, Patio
- Pool features: None
- Spa features: None
- Fencing: Partial
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
Lot
- Size: 3,014 sqft
- Features: Street Level
Details
- Parcel number: 42305303
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Materials
- Adobe
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Newport Beach
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Alley Paved