Property

Newport Beach, CA 92663 400 40th Street

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Presented By: Laurie Eastman with Compass; 949-280-5235
  • MLS# NP26054968
  • 03/03/2026
  • Request Tour
  • Request Info
  • Beds • 7
  • Full/Half Baths • 6 / 2
  • SQFT • 3,074
  • Garage • 3

Home Details

Nestled on the exclusive Newport Island within the highly sought-after Balboa Peninsula, this exquisite 2022-built duplex by Matt Clayton Builders offers an unmatched blend of luxury, versatility, and prime coastal living. Whether you dream of living in one unit while generating income from the other, creating a private retreat for extended family and friends, or exploring the potential for a condo conversion, this property is rich with opportunity. Situated on a corner lot, both units are thoughtfully designed to accommodate the future addition of an elevator, providing convenience and accessibility. The front unit radiates elegance with three spacious bedrooms, a dedicated office, and stunning hardwood floors throughout. At its heart is a chef’s dream kitchen, featuring a sprawling porcelain island and top-of-the-line appliances. The kitchen opens seamlessly to the living area, complete with a cozy fireplace. Enhancing its appeal, the front unit includes a large private patio—perfect for morning coffee, evening cocktails, or enjoying the coastal breeze. The rooftop deck is equally impressive, offering a fireplace, TV, refrigerator drawers, and a bar sink—ideal for hosting gatherings under the coastal sky. A rare two-car garage adds convenience in this coveted beachside neighborhood. Equally captivating, the second unit offers four bedrooms and 3.5 baths, highlighted by sleek quartz countertops, double ovens, dual sinks, and a custom-built banquette providing cozy dining and additional storage. The light-filled living area features a charming fireplace. The second floor includes two generous bedrooms, a dual-sink Jack-and-Jill bathroom, a laundry room, and a powder bath. The rooftop deck serves as an entertainer’s haven, complete with a sink and refrigerator for effortless alfresco dining. With a one-car garage and an additional carport, the property offers a total of four highly desirable parking spaces—a rarity in this prime location. Beyond the home itself, Newport Island delivers an unbeatable lifestyle. Just steps from the beach and bay, as well as vibrant dining and boutique shopping, you’ll enjoy the best of coastal living. At the same time, the island offers a peaceful retreat from the crowds—an under-the-radar enclave many don’t know exists. Don’t miss this opportunity to own a modern masterpiece where timeless elegance meets the relaxed charm of beachside living.
Presented By: Laurie Eastman with Compass; 949-280-5235

Interior Features for 400 40th Street

Bedrooms

Main Level Bedrooms1
Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths2
Half Baths2
Main Level Bathrooms1
Total Baths8

Other Interior Features

Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesFamily Room, Outside
Fireplace Y/NYes
FlooringWood
Heating Y/NYes
Interior AmenitiesGranite Counters, Open Floorplan, Pantry, Recessed Lighting, Wired for Sound, Bedroom on Main Level, Walk-In Pantry, Walk-In Closet(s)
Laundry FeaturesInside, Laundry Closet, Laundry Room, Stacked, Upper Level
Total Stories3
Window FeaturesSkylight(s)

Other Rooms

Entry Level1

General for 400 40th Street

AccessibilityAdaptable For Elevator
Additional Parcels Y/NNo
Appliances6 Burner Stove, Convection Oven, Double Oven, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
Architectural StyleCape Cod, Traditional
Association AmenitiesPlayground
Attached Garage Yes
Builder NameMatt Clayton Builders
Carport Spaces1
Carport Y/NYes
CityNewport Beach
Community FeaturesSidewalks, Park
CoolingCentral Air
CountyOrange
Current FinancingConventional
DirectionsTurn onto Newport Blvd / Balboa Blvd Head toward the Balboa Peninsula. Turn right on 38th Street Cross the small bridge onto Newport Island. Follow Marcus Ave, turn right on 40th Street
Entry Location1
Exclusionslight fixture in front unit living room and office
Expected Active Date 2026-03-26
Full Baths4
Garage Spaces3
Garage Y/NYes
HOANo
HOA Fee$
HeatingCentral, Forced Air, Fireplace(s)
High School DistrictNewport Mesa Unified
Land Lease Y/NNo
Lease Considered Y/NNo
LevelsThree Or More
Listing TermsCash, Cash to New Loan
Living Area3074
Living Area UnitsSquare Feet
Lot Size Square Feet2850
Lot Size UnitsSquare Feet
MLS AreaN8 - West Newport - Lido
New ConstructionNo
Number Of Units Total2
Occupancy TypeOwner
Patio/Porch FeaturesPatio, Rooftop
Pool FeaturesNone
PossessionClose Plus 3 Days
PostalCityNEWPORT BEACH
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
RoofAsphalt
Security FeaturesCarbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameNewport Island (NEWI)
Tax Lot1
ViewCity Lights, Mountain(s), Neighborhood, Peek-A-Boo
Year Built2022
Year Built SourceOwner

Exterior for 400 40th Street

Exterior AmenitiesRain Gutters, Fire Pit
Inclusionswasher dryer front unit
Lot Dimensions30x95
Lot Features2-5 Units/Acre, Corner Lot, Near Park
Lot Size Acres0.0654
Lot Size Area2850
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Parking FeaturesCarport, Garage
Private PoolNo
SpaNo
Total Parking4
Water SourcePublic

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $7,995,000
MLS#NP26054968
List Date 03/03/2026
Property Type Multi-Family
Phone 310.866.3778
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