StatusAccepting Backup Offers (Active Under Contract)
About 4015 Marcus Ave
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.
Property Details
Property Features
Property Information:
Year Built: 1950
Stories: 2
Living Area: 2,608 SqFt
Listing Office:
Office Name: DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Office Phone: (949) 290-0139
Listing Agent: Andy Stavros
Interior Features
Interior Information:
Appliances: Gas Cooktop, Disposal, Refrigerator
Flooring Type: Laminate, Tile
Interior: Eat-in Kitchen
Fireplace: None
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 3
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
View: Bay
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: W Balboa Blvd to 38th St to Marcus Ave
Price Information
Listing Price Info
Price Summary:
List Price: $4,995,000
Price Per SqFt: $1,915/SqFt
Tax Information:
Annual Amount: $25,977
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $1.4M more than the Median Sold Price and $489/SqFt more than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #LG24202674
Listing Office:
Office Name: DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Office Phone: (949) 290-0139
Listing Agent: Andy Stavros
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 07, 2018
Aug 07, 2018Home Sold
$2,349,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$25,977
$2,420,802
2020
$25,727
$2,395,980
2019
$2,331
$2,349,000
2018
$2,331
$181,715
2017
$2,291
$178,152
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.04 miles
Public District Grades KG-6
8
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.35 miles
Public District Grades KG-6
4
/10
Whittier Elementary School
1800 Whittier Ave
Distance between this listing and this school1.46 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.07 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school3.52 miles
Public District Grades 6-8
8
/10
Talbert (Samuel E.) Middle School
9101 Brabham Dr
Distance between this listing and this school4.66 miles
Public District Grades 6-8
Nearby Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.32 miles
Public District Grades 9-12
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school2.67 miles
Public District Grades 9-12
9
/10
Edison High School
21400 Magnolia St
Distance between this listing and this school2.92 miles
The neighbors living near this home have an average income of $114,706. Residents of Newport Beach, CA typically earn between $100k-200k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 4015 Marcus Ave in Newport Beach, CA and zip code 92663 in the Balboa Peninsula neighborhood. This 2,608 square foot home, which was built in 1950, sits on a 0.07 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $4,995,000.
In November 2024, from all listings sold in Newport Beach, CA there were more than 9 sold above asking price, over 48 sold below and more than 14 were sold right at the asked price. The inventory of homes for sale in Newport Beach, CA between October 2024 and November 2024 decreased by 2.5%. While the average time on the market in November 2024 was 43 days, the median list price was $3,500,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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