About this home

RARE NEWPORT BEACH WATERFRONT OPPORTUNITY WITH DUAL WATER FRONTAGE AND PRIVATE BOAT DOCK! Acquire a distinctive waterfront property combining boating access, income potential, and redevelopment possibilities in desirable Newport Beach. Situated on an approximately 4,500-square-foot lot along the Newport Canal, 4204 River Avenue is a compelling opportunity for investors, builders, boating enthusiasts, and buyers looking to create their dream waterfront residence. The property is legally a duplex and configured as three living areas, with approximately 3,202 square feet of existing improvements, six bedrooms, and four bathrooms. While the property requires renovation, its versatile configuration creates several potential investment strategies. Renovate and explore its rental income potential, enjoy waterfront living while generating supplemental income, or pursue plans for a custom luxury waterfront residence. For developers, the existing set up may offer the advantage of generating rental income to help offset carrying costs while architectural plans, permits, and redevelopment approvals are pursued. What truly sets this property apart is its waterfront setting. Dual water frontage, a private dock, and beautiful canal surroundings create a unique opportunity to embrace the Newport Beach boating lifestyle. Imagine stepping outside to enjoy your boat, kayak, or paddleboard, spending afternoons exploring the harbor, and returning home to the tranquility of life along the water. Just a short distance from the sandy beaches of the Balboa Peninsula, neighborhood parks, coastal restaurants, and shopping, the location offers an exceptional combination of recreation, convenience, and coastal charm. For those with vision, the possibilities extend well beyond the existing structure. Whether your goal is to establish a waterfront income property, secure a personal coastal retreat with supplemental rental income, or design and build an extraordinary custom residence, here is a chance to invest in the location today and unlock its potential for tomorrow. Opportunities combining waterfront land, a private boat dock, income potential, and redevelopment possibilities are increasingly difficult to find in Newport Beach. The true value is in the land, the waterfront setting, and the opportunity to create something exceptional. All uses, rental configurations, dock rights, and redevelopment possibilities are subject to independent verification and applicable approvals.

Facts and features

Schools

• Horace Ensign Intermediate School

  middle · 7-8 · 1.1 mi

  9

• Newport Harbor High School

  high · 9-12 · 1.4 mi

  9

• Newport Elementary School

  elementary · K-6 · 1.4 mi

  8

• Pacifica Christian High School Orange County

  high · 9-12 · 0.6 mi

• Carden Hall, Inc School

  elementary · K-8 · 0.7 mi

• GERMAN SCHOOL campus

  elementary · 3-12 · 1.0 mi

Price history

• Nov 3, 2026 · Relisted$5,500,000
• Oct 29, 2026 · Listing Removed—
• Oct 23, 2026 · Listed$5,500,000
• Sep 21, 2018 · Listing Removed$3,000
• Aug 29, 2018 · Listed For Rent$3,000
• Aug 26, 2018 · Listing Removed$3,000
• Aug 24, 2018 · Listed$3,000
• Aug 3, 2016 · Sold$2,100,000

Tax history

• 2025$19,409 tax · $1,670,285 assessed
• 2024$19,146 tax · $1,637,535 assessed
• 2023$18,754 tax · $1,573,949 assessed
• 2022$18,397 tax · $1,543,088 assessed
• 2021$18,093 tax · $1,512,832 assessed
• 2020$17,956 tax · $1,497,320 assessed
• 2019$17,643 tax · $1,467,961 assessed
• 2018$15,618 tax · $1,439,178 assessed

Home value

$4,281,000

• Collateral Analytics$4,281,000
• Quantarium$1,869,834

Where it is