404 Clubhouse AVE, Newport Beach, CA 92663 - MLS#OC24228268

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Katrina Smith

Pinpoint Properties

katrina.smith@pinpointproperties.com +1(949) 209-9004

$2,250,000

Est. payment - /mo

3 Beds

2 Baths

887 SqFt

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UPDATED:

12/10/2024 07:13 PM

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

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Listed by Nancy Andreason • Coldwell Banker Realty • 714-743-3528

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697