Presenting 1501 & 1503 Cliff Dr – Two homes on one R2 lot in prime Newport Heights, offering strong value-add and rental upside. This never-before-sold property is a rare find with each residence consisting of 2-bed and 2-bath. Ideal for investors, developers, or owner-occupants seeking income potential. Add immediate value through cosmetic upgrades or explore redevelopment opportunities including potential condo conversion in one of Newport Beach’s most desirable neighborhoods. 1501 Cliff Dr features a spacious living room with high ceilings and fireplace, a flexible family/dining area, kitchen, full bath, and downstairs bedroom. Upstairs is a large primary suite with en-suite bath and walk-in closet. 1503 Cliff Dr offers a similar layout with a living room, kitchen, full bath, and bedroom downstairs, and a large upstairs suite with full bathroom. Located in a highly walkable area close to top schools, 17th Street dining and retail, the Back Bay, and beaches, this property is loaded with potential for short- or long-term upside.
Sold for $2,950,000
Listed by: Times Real Estate CA • George Hanold • Contact: 949-836-5480
Bought with: Times Real Estate CA
$2,950,000
1501 Cliff Dr, Newport Beach, CA 92663
4beds
2,945sqft
Duplex
Built in 1960
7,150 Square Feet Lot
$4,382,800 Zestimate®
$1,002/sqft
$7,347 Estimated rent
Home value
$4,382,800
$3.77M - $5.08M
$7,347/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
George Hanold DRE #01446306 949-836-5479,
Times Real Estate CA,
Regan Beegle DRE #01736778,
Times Real Estate CA
Bought with:
George Hanold, DRE #01446306
Times Real Estate CA
Regan Beegle, DRE #01736778
Times Real Estate CA
Source: CRMLS,MLS#: NP25095295
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Family Room, Kitchen, Laundry, Living Room, Other
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Tub Shower
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- None
Appliances
- Included: Dishwasher, Electric Oven, Electric Range
- Laundry: Common Area, Inside, Laundry Room
Features
- Breakfast Bar, Bedroom on Main Level, Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,945 sqft
Property
Parking
- Total spaces: 5
- Parking features: Door-Multi, Door-Single, Garage, Garage Faces Rear
- Attached garage spaces: 3
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Patio
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,150 Square Feet
- Features: Garden
Details
- Parcel number: 04922111
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights
- Subdivision: Cliffhaven (Clif)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,002/sqft
- Tax assessed value: $273,693
- Annual tax amount: $3,358
- Date on market: 4/30/2025
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2025 | Listing removed | $5,500$2/sqft |
Source: CRMLS #NP25124342 Report a problem | ||
| 6/4/2025 | Listed for rent | $5,500$2/sqft |
Source: CRMLS #NP25124342 Report a problem | ||
| 5/28/2025 | Sold | $2,950,000$1,002/sqft |
Source:  CRMLS #NP25095295 Report a problem | ||
| 5/15/2025 | Pending sale | $2,950,000$1,002/sqft |
Source: CRMLS #NP25095295 Report a problem | ||
| 5/7/2025 | Contingent | $2,950,000$1,002/sqft |
Source: CRMLS #NP25095295 Report a problem | ||
| 4/30/2025 | Listed for sale | $2,950,000$1,002/sqft |
Source: CRMLS #NP25095295 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,358 +1.9% | $273,693 +2% |
| 2024 | $3,296 +2.6% | $268,327 +2% |
| 2023 | $3,213 +1.9% | $263,066 +2% |
| 2022 | $3,152 +1.9% | $257,908 +2% |
| 2021 | $3,093 +1% | $252,851 +1% |
| 2020 | $3,062 | $250,259 +2% |
| 2019 | $3,062 +1.8% | $245,352 +2% |
| 2018 | $3,007 +3.8% | $240,542 +2% |
| 2017 | $2,898 | $235,826 +2% |
| 2016 | $2,898 +2.2% | $231,202 +1.5% |
| 2015 | $2,836 +3.5% | $227,730 +2% |
| 2014 | $2,740 | $223,270 +0.5% |
| 2013 | -- | $222,261 +2% |
| 2012 | -- | $217,903 +2% |
| 2011 | -- | $213,631 +0.8% |
| 2010 | -- | $212,035 -0.2% |
| 2009 | -- | $212,539 +2% |
| 2008 | -- | $208,372 +2% |
| 2007 | -- | $204,287 +2% |
| 2006 | -- | $200,282 +2% |
| 2005 | -- | $196,355 +2% |
| 2004 | -- | $192,505 +1.9% |
| 2003 | -- | $188,977 +2% |
| 2002 | -- | $185,272 +2% |
| 2001 | $1,902 +2.6% | $181,640 +2% |
| 2000 | $1,853 | $178,079 |
Find assessor info on the county website
Neighborhood: 92663
Nearby homes
- $--2 bd2 ba1.1k sqft1503 Cliff Dr, Newport Beach, CA 92663Off Market
- $15,0005 bd5 ba3.4k sqft1511 Cliff Dr, Newport Beach, CA 92663For Rent
- $14,484,5005 bd6 ba8.2k sqft1410 Kings Rd, Newport Beach, CA 92663Off Market
- $7,094,1004 bd5 ba4k sqft1420 Kings Rd, Newport Beach, CA 92663Off Market
- $5,290,1004 bd3 ba3.1k sqft1500 Kings Rd, Newport Beach, CA 92663Off Market
- $3,873,8003 bd2 ba1.7k sqft1401 Cliff Dr, Newport Beach, CA 92663Off Market
- $4,000,0006 bd5 ba4.6k sqft1603 Cliff Dr, Newport Beach, CA 92663Sold
- $7,267,6004 bd4 ba4.3k sqft1400 Kings Rd, Newport Beach, CA 92663Off Market
Nearby schools
GreatSchools rating
- 10/10Newport Heights Elementary SchoolGrades: K-6Distance: 0.7 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Newport Heights
- Middle: Horace Ensign
- High: Newport Harbor
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$4,382,800
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Estimated market value
$4,382,800
- California
- Orange County
- Newport Beach
- 92663
- 1501 Cliff Dr
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