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506 Clubhouse Avenue

Newport Beach, CA 92663
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Bed 10

Bed

Bath 12

Bath

SqFt4,760

Sqft

SqFt4,050

Sqft(Lot)

Welcome to this exceptional modern coastal duplex offering a rare combination of luxury, location, flexibility, and proven income potential in Newport Beach. Completed in 2023 and spanning approximately 4,760 square feet, the property consists of two beautifully designed residences, each offering approximately 2,380 square feet with five bedrooms and six bathrooms across three thoughtfully designed levels. 506 was well thought out, offering en-suite bedrooms, inviting fireplaces, and expansive sliding glass doors that create a seamless connection between indoor and outdoor spaces. Private balconies extend from the primary suites and main living areas, while expansive rooftop decks with east and west exposures provide the perfect setting for entertaining, enjoying the ocean breeze, and taking in spectacular coastal sunsets. Live in one and generate income from the other, maintain a combination of short- and long-term rentals, or operate the property entirely as an investment—the flexibility here is exceptionally difficult to replicate in Newport Beach. Unit A holds a coveted Newport Beach short-term rental permit and has demonstrated impressive rental performance. From January through May 2026, Unit A generated approximately $150,000 in gross rental revenue. Summer is traditionally an even stronger rental period, with June through August historically generating approximately $28,000 per month in net income. Unit B is currently leased at $15,000 per month under a two-year lease, providing the property with an established long-term income stream alongside Unit A's short-term rental potential. For an owner-user, the opportunity is equally compelling: occupy one luxury residence while the neighboring unit produces significant income. For an investor, the combination of an existing long-term lease, an active short-term rental permit, and two nearly new luxury residences creates multiple avenues for income and long-term value. The location completes the offering. Enjoy immediate access to the best of Newport Beach, from the marina and beaches to the acclaimed shopping and dining of Lido Marina Village, with Balboa Pier, the Balboa Fun Zone, waterfront restaurants, and the energy of the peninsula all just minutes away. Each residence also features central air and heating, private laundry, and its own two-car tandem garage, providing the conveniences expected from newly constructed luxury coastal residences. Rare Opportunity!

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Detail Ic Property Details

Property Type : Residential

Price : $7,625,000

AD Id : 91414141

MLS Id : OC26206141

Beds : 10

Lot Size : 4,050 Sq. Ft

Living Area Size : 4,760 Sq. Ft

Year Built : 2023

Garage : 4

County : Orange

Subdivision: Waterstone Phase Three

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 12 Full Baths: 10 Half Baths: 2

    Roofing Information

    Metal
  • Interior Features

    BreakfastBar, BuiltInFeatures, HighCeilings, QuartzCounters, RecessedLighting, Tandem, AllBedroomsUp, WalkInClosets
    Roof: Metal
    Appliances: Barbecue, Dishwasher, GasOven, Microwave, Refrigerator
    Laundry Features: LaundryRoom
    Window Features: CasementWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2023
    Stories: 2
    Patio And Porch Features: Concrete, FrontPorch, Rooftop
    Pool Features: None
    Private Pool: No
    Water front Features: OceanSideOfFreeway,OceanSideOfHighway
    View: CityLights, Marina, Neighborhood, Ocean
  • Exterior Features

    Exterior Features: Barbecue, Lighting, RainGutters

  • Lot Information

    Main Square Feet: 4050 Lot Size Acres: 0.093 Lot Size Source: Assessor Lot Size Square Feet: 4,050 Lot Description: TwoToFiveUnitsAcre,StreetLevel

    Property Information

    Subdivision: West Newport Beach (WSNB) Source Property Type: Residential Property SubType: Duplex Levels: Two Property Age: 3

  • Listing Price Information

    Listing Price: $7625000
    Conventional

  • Tax Information

    Parcel Number: 42310108 Tax Lot: 1 Tax Block: 532

  • Parking Information

    Parking Total: 4 Garage, GarageFacesRear, Tandem

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 4

  • Utility Information

    CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
  • Location Information

    Direction: From Newport Blvd West on Finley Ave and North on Clubhouse Ave WaterSource: Public Security Features: CarbonMonoxideDetectors,FireSprinklerSystem,SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
318 Via Lido Nord, Newport Beach, CA, 92663 $10,900,000 6 6 4,000 4,082 Sq. Ft
439 Via Lido Soud, Newport Beach, CA, 92663 $8,395,000 7 5 -- 2,810 Sq. Ft
423 Via Lido Soud, Newport Beach, CA, 92663 $8,795,000 5 3 2,691 3,267 Sq. Ft
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 -- 2,561 Sq. Ft
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 2,000 2,561 Sq. Ft
1733 W Balboa Boulevard, Newport Beach, CA, 92663 $4,599,000 10 5 -- 4,200 Sq. Ft
406 Clubhouse, Newport Beach, CA, 92663 $3,150,000 5 4 -- 2,631 Sq. Ft
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 -- 3,049 Sq. Ft
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 3,002 3,049 Sq. Ft
3510 Lake, Newport Beach, CA, 92663 $3,200,000 3 3 -- 2,239 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 03:24

MLS: OC26206141 LISTED BY: Tyler Bowman, Engel & Volkers Dana Point 949-503-1180 SOURCE: CRMLS

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