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A Rare Opportunity! Build Your Dream Home in the Highly Desirable Finley Tract, Newport Beach! 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 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!
Property Type(s):
Single Family
| Last Updated | 11/19/2024 | Tract | Lido Peninsula (LIPN) |
|---|---|---|---|
| Year Built | 1930 | Community | West Newport - Lido |
| Garage Spaces | 1.0 | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|---|
| Elementary School | Newport |
| Jr. High School | Ensign |
| High School | Newport Harbor |
Price History
| Prior to Nov 19, '24 | $2,500,000 |
|---|---|
| Nov 19, '24 - Today | $2,250,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | West Newport - Lido |
| GARAGE | Door-Single, Garage, Garage Faces Rear, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 2646 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Door-Single,Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow |
| SUBDIVISION | Lido Peninsula (LIPN) |
| UTILITIES | Electricity Connected,Natural Gas Available,Water Connected, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal |
| WATER | Public |
Location
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Listed with Coldwell Banker Realty
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