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Newport Beach,CA 92663
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 887 sqft
Price per Sqft $2,536
Subdivision Lido Peninsula (Lipn)
MLS Listing ID OC24228268
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1930
Lot Size 2,644 Sqft
Property Description
A Rare Opportunity! Remodel the Bungalow OR Build Your Dream Home in the Highly Desirable Finley Tract, Newport Beach! Prime Location! If you build up, this prime 2,646 sq. ft. lot will offer a stunning channel view and is located in a peaceful, private area. It is at the end of the street and is a stone’s throw to the channel. It is also close to Newport’s best sandy beaches, the Newport Beach Pier, including the close-by and upscale Lido Marina Village. Currently, the property includes an 887 sq ft beach bungalow, built in 1930, ideal for remodel or teardown and build. The lot is Zoned R2, this lot allows for flexible building options. It has the potential to build up to 3,840 sq ft of total living space, which includes a two-car garage. Height restrictions permit a 24 ft flat roof or 29 ft sloped roof; a third story is allowed if built with a sloped roof. A duplex can also be built--check with the city for the various building options. Ideally situated, this “beach close” property places you within easy reach of exceptional dining, shopping, and entertainment options, including the trendy Lido House Hotel. Enjoy convenient access to PCH, John Wayne Airport, and award-winning schools. Just minutes from the vibrant Balboa Peninsula and its array of coastal activities, this property provides the perfect balance of relaxed beachside living and urban convenience. This rare lot offers endless possibilities for developers and homeowners alike. Secure your spot in one of Newport Beach’s most prestigious locations and create your ideal coastal retreat or investment property. This is a probate sale, with full authority, no court confirmation is required. It is being sold ‘as-is’. The bungalow has deferred maintenance and is being sold as a tear down. No repairs, no credits for repairs, no termite work. The Value is in the Land AND the Location!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 3
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet,Vinyl
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Door-Single,Garage,Garage Faces Rear
Garage Spaces 1.0
Garage Description 1.0
Fence Block,Wood
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected,Natural Gas Available,Water Connected
View Y/N Yes
View Canal
Roof Type Composition
Porch None
Attached Garage No
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories Two
New Construction No
Construction Status Fixer
Schools
Elementary Schools Newport
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42310208
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Probate Listing
Lease Land No