$2,870,000
$2,870,000
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4 Beds
3 Baths
2,143 SqFt
SOLD DATE : 05/22/2020
Key Details
Sold Price $2,870,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,143 sqft
Price per Sqft $1,339
Subdivision West Newport Beach (Wsnb)
MLS Listing ID NP19282651
Sold Date 05/22/20
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1930
Lot Size 4,356 Sqft
Property Description
RARE DEVELOPMENT OPPORTUNITY 4,500SF WATERFRONT LOT!!
Extremely rare opportunity to acquire a 4,500 SF waterfront lot that can accommodate up to a 45' boat. The majority of lots in Newport are under 3,000 SF which is why this property is so desirable and can accommodate a boat larger than 30'.
As a potential buyer you have the option to either keep as is, build a custom home on an oversized waterfront lot, or redevelop the property and create an income producing investment as this property is fully approved to build two custom 2,050 SF three story condominiums.
Each condo has a the ability to accommodate 3 vehicles each with their own garage, carport and street parking (6 total). Each condo includes a kitchen, living area, 3 bedrooms, 5 bathrooms, waterfront patio, third story viewing deck, and a shared dock accommodating up to two boats. Totaling 2 Kitchens, 2 living areas, 6 bedrooms, 10 bathrooms, two viewing decks, and more (see plans)!
While this property is centrally located just a stroll away from some of Newport Beach's best restaurants, shopping, and entertainment, it's also in the heart of local activities such as surfing, swimming, biking, beach volleyball, and strolls along the boardwalk. This waterfront property has amenities many other properties in Newport Beach can't offer with direct access to a private dock allowing kayaking, paddle boarding, fishing, boating, and much more.
Please do not disturb tenant. Call for details and more information.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 1
Interior
Interior Features Beamed Ceilings, Built-in Features, Brick Walls, Balcony, Recessed Lighting, Main Level Master, Walk-In Closet(s)
Heating Central, Fireplace(s)
Cooling None
Flooring Carpet, Laminate
Fireplaces Type Family Room, Living Room
Fireplace Yes
Appliance Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave
Laundry In Garage
Exterior
Garage Boat, Direct Access, Garage Faces Front, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Good Condition, Wood
Pool None
Community Features Biking, Curbs, Street Lights, Sidewalks, Water Sports, Fishing
Waterfront Description Bay Front,Canal Front,Dock Access,Navigable Water,Ocean Access,Seawall
View Y/N Yes
View Bay, Canal, Harbor, Panoramic, Water
Accessibility Grab Bars, Parking
Parking Type Boat, Direct Access, Garage Faces Front, Garage
Attached Garage Yes
Total Parking Spaces 1
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Sprinklers In Rear, Sprinklers In Front, Paved, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42308107
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing FHA
Special Listing Condition Standard
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