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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.\r\n\r\n506 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.\r\n\r\n 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\u2014the flexibility here is exceptionally difficult to replicate in Newport Beach.\r\n\r\nUnit 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.\r\n\r\nUnit 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.\r\n\r\nFor 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.\r\n\r\nThe location completes the offering. 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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.\r\n\r\n506 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.\r\n\r\n 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\u2014the flexibility here is exceptionally difficult to replicate in Newport Beach.\r\n\r\nUnit 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.\r\n\r\nUnit 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.\r\n\r\nFor 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.\r\n\r\nThe 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.\r\n\r\nEach 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.\r\n\r\nRare Opportunity! 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Two additional bedrooms share a full bath, while a drop-down staircase leads to the finished rooftop deck\u2014an ideal setting for entertaining, relaxing and enjoying the surrounding harbor views.\r\nOutside, the 30-foot private dock and wide waterway frontage provide direct access to Newport Harbor for boating, paddle boarding and enjoying life on the water. Multiple outdoor spaces create an effortless connection between the home and its exceptional waterfront setting.\r\nLocated on Newport Island, the property offers a rare combination of privacy and proximity, just moments from the ocean, boardwalk, Lido Village, Cannery Village, Newport Pier and an array of local shops and restaurants. 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Often associated with Newport Heights, Cliff Haven is a distinctive enclave of its own, known for its wide streets, established homes, and highly sought-after location.\r\nThis five-bedroom, four-bathroom home offers timeless East Coast-inspired style with a relaxed Hamptons feel. Classic shingle siding, traditional hardwood floors, custom built-ins, detailed moldings, and Carrera marble in the kitchen give the home warmth, character, and architectural charm that is increasingly difficult to find. Outside, a private pool and spa create the perfect setting for enjoying the Newport Beach lifestyle.\r\n\r\nAt this price point, the property offers something increasingly rare in Cliff Haven: options. 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Often associated with Newport Heights, Cliff Haven is a distinctive enclave of its own, known for its wide streets, established homes, and highly sought-after location.\r\nThis five-bedroom, four-bathroom home offers timeless East Coast-inspired style with a relaxed Hamptons feel. Classic shingle siding, traditional hardwood floors, custom built-ins, detailed moldings, and Carrera marble in the kitchen give the home warmth, character, and architectural charm that is increasingly difficult to find. Outside, a private pool and spa create the perfect setting for enjoying the Newport Beach lifestyle.\r\n\r\nAt this price point, the property offers something increasingly rare in Cliff Haven: options. Move right in and enjoy the home in its current condition, thoughtfully remodel to create a more open and modern floor plan, or explore an addition to expand the home and maximize its potential.\r\nWith nearby sales exceeding $12 million, 333 Pirate presents a compelling opportunity to own in prestigious Cliff Haven while offering the flexibility to enjoy today and create additional value over time. A classic Newport Beach home, a pool and spa, five bedrooms, and an electric car charger provide significant upside in one of the area\u2019s most desirable neighborhoods. 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With sweeping views of the ocean, harbor, and Catalina Island, this property is a true masterpiece of coastal living. Spanning over 5,000 square feet, this five-bedroom (optional sixth) home, with five-and-a-half baths, offers a seamless fusion of luxury, design, and natural surroundings. The entry is framed by a serene walkway with water features leading to double doors. Inside, the open foyer with soaring ceilings, a central fireplace, and expansive Marvin windows create a bright, welcoming atmosphere. Wood and stone flooring and custom millwork add a refined touch, while sunken common areas enhance the sense of space. On the main level, you'll find two spacious en suite bedrooms, a formal living room, a wine room, and an open-concept dining area that flows into a gourmet kitchen and family room. The kitchen features Thermador appliances, a 13-foot \"Bistro\"-style island, quartz countertops, and custom cabinetry. 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