Price $5,999,000
Status Active
Beds 4
Baths 5 baths
Home size 3,937 sq ft
Lot Size 10,699 sqft
Days on Market 36
This multi-generational property has been owned by the same local prominent family for over 50 years. It took them nearly a decade, back in the mid 1900s to acquire these 3 "R2" parcels in a row, located in a premium bayfront location on Newport Island, Newport Beach. Arguably the most unique quality is that the city still recognizes there to be 3, (est) 30 foot wide R2 parcels ready for development as there are still 3 individual utility laterals running under each parcel. This marks an exciting opportunity to enjoy the recently remodeled beach house that retains its mid-century character, while having an incredible investment/development opportunity in the land below for future use. The current boat dock can accommodate a vessel up to 50 feet! Currently priced at land value, don't let this exceptional opportunity pass you by.
Property Type(s): Single Family
Last Updated 12/14/2017 Tract Newport Island (NEWI)
Year Built 1954 Community N8 - West Newport - Lido
County Orange

SCHOOLS

School District Newport Mesa Unified

Additional Details

AIR Central
AIR CONDITIONING Yes
AMENITIES Playground
AREA N8 - West Newport - Lido
EXTERIOR Boat Slip, Dock Private
FIREPLACE Yes
HEAT Central Furnace
HOA DUES 40.00 | Monthly
LOT 10700 sq ft
LOT DESCRIPTION Corner Lot, Lot-Level/Flat, Tear Down, Value In Land
MASTER ON MAIN Yes
PARKING Spaces: 2.00
POOL DESCRIPTION None
SEWER Sewer Paid
STORIES 2
STYLE Custom Built
SUBDIVISION Newport Island (NEWI)
UTILITIES Public; Sewer Paid;
VIEW Yes
VIEW DESCRIPTION Bay,Harbor,Panoramic,Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Bay Front,Ocean Access,Ocean Side Of Hig

Location

 

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Listing provided by : Jason C Bradshaw CalBRE:01304396, Coldwell Banker Res. Brokerage

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©2016 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. CalBRE 01894850