3 Beds
3 Baths
1,183 SqFt
3 Beds
3 Baths
1,183 SqFt
OPEN HOUSE
Sun Apr 27, 11:00am - 2:00pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,183 sqft
Price per Sqft $2,366
MLS Listing ID OC25072990
Style Detached
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1945
Lot Size 2,375 Sqft
Acres 0.0545
Property Sub-Type Detached
Property Description
Ideally situated at the gateway to the Newport Peninsula, this charming modern rustic home offers an exceptional opportunity to enjoy coastal living in one of Southern Californias most desirable locations with added upside for investors and developers. Just one block from the beach and moments from the scenic Newport Harbor canals, this 3-bedroom, 2.5-bathroom property combines livability with outstanding potential. Set on a 2,375 sq. ft. lot with R2 zoning, the home opens the door to a variety of value-add opportunities, including a custom remodel, luxury flip, or ground-up development of a duplex or two-unit investment property. With very high ARVs (After Repair Values) for new or extensively renovated homes nearby, this property offers a compelling canvas for those looking to maximize ROI in a prime coastal location. The home itself features a spacious front courtyardperfect for entertaining or simply relaxing in the ocean air. A convenient outdoor half-bath, ideal for rinsing off after the beach or hosting guests, enhances the seamless indoor-outdoor lifestyle. Inside, the homes nearly 1,200 sq. ft. footprint is warm and inviting, with thoughtful details and a touch of rustic character. While the upstairs bathroom has been recently updated and the kitchen is outfitted with premium Viking appliances, theres also ample opportunity to add value through further updates or expansion. A two-car garage provides valuable off-street parking, and the location offers effortless access to the best of Newport Beachincluding top-rated schools, fine dining, vibrant nightlife, and luxury shopping at nearby Fashion Island. Outdoor enthusiasts will appreciate proximity to The Wedges world-class surfing and Crystal Coves scenic hiking trails, while beach lovers can enjoy the sand and surf just steps away. Whether youre seeking a full-time residence, weekend retreat, or a project with serious upside, this Newport Beach gem offers a rare combination of location, lifestyle, and development potential all while avoiding the congestion typically associated with deeper Peninsula properties.
Location
State CA
County Orange
Area Oc - Newport Beach (92663)
Interior
Interior Features Granite Counters
Heating Electric
Cooling Electric
Equipment Dishwasher, Microwave, Freezer
Appliance Dishwasher, Microwave, Freezer
Laundry Inside
Exterior
Parking Features Garage
Garage Spaces 2.0
View Ocean, Canal
Roof Type Wood
Total Parking Spaces 2
Building
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Architectural Style Cottage, Modern
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, FHA, Land Contract, VA, Cash To New Loan
Listing Terms Cash, Conventional, FHA, Land Contract, VA, Cash To New Loan
Special Listing Condition Standard
Virtual Tour https://tours.previewfirst.com/ml/150550
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