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1824 W Oceanfront Newport Beach, CA 92663
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Key Details
Sold Price $16,500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,377 sqft
Price per Sqft $4,885
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP20092385
Sold Date 11/04/20
Style Traditional
Bedrooms 3
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1946
Lot Size 0.262 Acres
Acres 0.2616
Property Sub-Type Single Family Residence
Property Description
An extraordinary oceanfront estate opportunity that has resided in the same family since 1937. Highlighted by expansive ocean views, a broad verdant lawn and abundant mature foliage this warm, traditional-style beach home spans three contiguous lots and ninety-feet of water frontage. Sited on a corner parcel of over 11,300 square feet the timeless residence is positioned at the rear portion of the parcel – away from the boardwalk and benefiting from unquestionable privacy, a panorama of views, flowering gardens and an elegantly proportioned 55 foot pool. Rich with possibilities the property holds a Multi-Unit Residential (RM) zoning designation. Per the City of Newport Beach should the existing residence be demolished three individual lots as configured in the initial subdivision of this property would exist. One of the few remaining opportunities along the Southern California Coast to own a triple lot parcel with tremendous flexibility of use. Construct an unparalleled oceanfront compound. Develop multiple single family or duplex condominium residences. Re-envision the site as one larger multi-unit structure spanning three lots. Or enjoy the classic beach home that exists today. A legacy oceanfront property that is without peer.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Other Rooms Family Room, Formal Entry, Kitchen, Living Room, See Remarks
Master Bathroom 3
Main Level Bedrooms 2
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplaces Type See Remarks
Fireplace 1
Laundry Inside
Exterior
Parking Features Direct Garage Access, Garage - Three Door, Oversized, See Remarks
Garage Spaces 5.0
Pool Private, Heated, In Ground
Community Features Watersports, Sidewalks, Storm Drains, Street Lights, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Beach Front,Ocean Front
View Y/N 1
View Catalina, Coastline, Ocean, Panoramic, Water, White Water
Private Pool Yes
Building
Lot Description Corner Lot, Front Yard, Garden, Lot 10000-19999 Sqft, Sprinkler System, Value In Land
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Special Listing Condition Standard, Trust
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Tara Shapiro
SHOW CONTACT PH 949-478-7781
SHOW INSTRUCTIONS Must email listing agent PEAD form. Listing agent to be at showings. Due to the COVID-19 virus there will be no showings unless Buyer’s Agent and Buyer have reviewed C.A.R.’s Best Practice Guidelines (available at https://www.car.org/riskmanagement/covidlegaldocs), and all parties have signed and provided to the Listing Agent the PEAD form before entering the home. Showings during this period may be limited to exterior only. Please sanitize hands and please bring your own masks, and gloves. Thank you so much for your cooperation
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Bought with Villa Real Estate