$2,850,000

Architecturally distinctive and thoughtfully designed by architect Bruce Peeling, this exceptional Mid-Century Modern compound offers a rare blend of timeless design, exceptional craftsmanship, and effortless coastal living. Ideally situated just three blocks from the beach and one block from the shops, restaurants, cafés and neighborhood favorites along Newport Avenue. The property includes a beautifully designed single-level main residence with two bedrooms and a dedicated office (or optional third bedroom), and a detached two-bedroom second residence with its own address, designed as a true home, ideal for a family, guests, extended family, or rental income. The main residence has a two-car garage; the second residence has a private garage with alley access. Designed to embrace Southern California's indoor-outdoor lifestyle, the main residence unfolds around a private courtyard where expansive sliding glass doors connect indoor and outdoor living. Tongue-and-groove cedar ceilings and exposed beams, custom yellow cedar walls, oak flooring, Santa Barbara smooth stucco, and oversized windows fill the home with warmth, natural light, and architectural character. The open-concept kitchen features Neolith countertops and island, a Wolf range, Bosch dishwasher and has direct access to the courtyard for effortless entertaining. Zoned radiant heated floors, automatic blinds, custom built-ins, and abundant storage further enhance the home's design. The primary suite features corner windows creating a peaceful retreat. See supplement. Throughout the home, Heath Ceramics tile and carefully selected materials reflect a timeless architectural aesthetic. The courtyard serves as the heart of the property, complete with a tranquil koi pond, outdoor fireplace, outdoor shower, outdoor sink, mature palms, decomposed granite, and beautifully landscaped gathering spaces designed to enjoy Ocean Beach's year-round climate. Adding exceptional flexibility, the detached two-bedroom second residence at 4769 Newport Avenue has its own address, separate utility meters, and offers an open-concept floor plan, abundant natural light, generous kitchen, private laundry, ample storage, automatic blinds, and peek Ocean Beach views. Whether utilized for a family, multigenerational living, guests, or income potential, it provides remarkable versatility. Completed in 2020, the main residence was comprehensively rebuilt with new electrical, plumbing, heating, foundation, windows, and roof. The detached second residence and garage were also structurally updated with new major systems, offering the peace of mind of modern construction while preserving the property's exceptional architectural integrity. A truly one-of-a-kind coastal compound, this property offers inspired architecture, exceptional craftsmanship, and an unbeatable walkable location just moments from the beach, Ocean Beach Pier, and everything Newport Avenue has to offer. Perfect 1031 exchange property!