$15,500,000

EXCEPTIONAL & UNIQUE INCOME PROPERTY POTENTIAL Located on the sand with no pedestrian boardwalk in the prestigious neighborhood of Newport Beach Peninsula Point, this contemporary architectural masterpiece was designed by renown Oatman Architects. Just 6 houses from the iconic "Wedge" surfing area. Seasonal projected rents from October - March and April - September are projected in the range of $60,000 to $80,000 per month based upon lease comparables from nearby properties in 2022. These can be provided, but must be verified by Buyer. Extraordinary quality of construction features timeless use of glass, steel, stone, wood, designed to capture views of the Wedge surf break and shoreline vistas to Catalina Island. The in-door out-door design includes fold away doors and Porcelanosa floors in harmony with Newport’s oceanfront lifestyle. With over 4,000 square feet of living space, the residence features four spacious bedrooms with en suite baths, including a large master suite with seaward facing private deck, and spa-bath with with steam room shower, Stoneforest soaking tub carved from a single block of solid marble and walk-in dressing area. A spectacular three-story floating glass staircase to the third level entertainment center includes a view bar, barbecue, fire pit, stainless steel hot tub, large outdoor TV and seating area to view world class surfers challenging the big break of the world-famous Wedge. Spectacular sunsets and dramatic views of Fashion Island provide the ultimate in coastal living lifestyle. Two powder rooms, laundry room, Control 4 home automation, three car garage, automatic window shades, security system, built-in audio and three car garage are additional highlights. Peninsula point is one of Newport's oldest coastal residential neighborhoods with easy access to harbor activities.