16601 Peale, Huntington Beach, California 92649, Huntington Beach, 92649 - 4 bed, 2 bath
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16601 Peale
Huntington Beach, California 92649
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,646Sq Ft
5,500Lot Size
Property Price
LIST PRICE$3,225,000
SUMMARY
Analysis of 16601 Peale, Huntington Beach, California 92649 is currently available with a list price of $3,225,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Huntington Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1964 and described as being in 'mostly original condition,' this 60-year-old waterfront property requires a major remodel or total rehab. While it features owned solar and double-pane windows, the listing explicitly suggests it as a candidate for a new custom residence, indicating that the kitchen, bathrooms, and primary systems are likely at the end of their functional lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Superior Waterfront Frontage
The property features 55 feet of water frontage, which is 5 feet wider than the standard lot, allowing for a larger yacht (up to 53 feet) and a building footprint up to 500 square feet larger than typical 50x100 lots.
- Prime Island Location
Situated on a single-loaded street on Gilbert Island, the home offers enhanced privacy with no neighbors across the street and a desirable 'sun in the back' orientation, all while being just five blocks from Sunset Beach.
- High Development Potential
This is a premier opportunity for a custom build or major mid-century remodel, featuring a side-tie boat dock and an owned solar system already in place to support a modern luxury residence.
CONSRISKS & DEFICIENCIES
- Original Condition
Built in 1964 and described as being in mostly original condition, the property requires a significant capital investment for a total renovation or teardown to meet contemporary standards.
- Small Existing Living Area
At only 1,646 square feet, the current structure is undersized for the $3.45M price point, making the purchase primarily a land-value acquisition for a buyer prepared for a major project.
About 16601 Peale
This is an excellent opportunity for a buyer who wants to do a major remodel to a mid-century single story waterfront home (OR enlarge). This mostly Original Condition single story waterfront home on Gilbert Island has a single loaded street (homes on just one side of street), and it has a fantastic "sun in the back patio" location. The home features: 4 Bedrooms, 2 Bathrooms, 1646 Square Feet of Living Area, 55 Feet of Water Frontage, Side-tie Boat Dock configured to hold multiple boats (or could hold a yacht up to 53 feet with reconfiguration), private fenced front patio, 2 Car Garage, concrete rear patio, double pane windows, owned solar system, and 55’ X 100' Lot with the pierhead Line extending 30 feet out into the bay. Most waterfront homes have 50 feet (or less) of waterfrontage, so this home allows the opportunity to have a 5 foot larger yacht (LOA)... plus the bigger footprint allows for a home up to be larger than the typical 50X100 lot (based on lot coverage ratio). It is also just a 5 Block Stroll to the soft sands of Sunset Beach... so this waterfront home is also a "beach close" home! This is a fantastic prime location single story opportunity which comes along very rarely in Huntington Harbour.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,646 | 1,908.675 |
| Lot Size | 5,500 | 6,000.317 |
| Price | $3.23M | $1.56M |
| Price per sq ft | $2.0K | $860 |
| Built year | 1964 | 1970 |
| HOA | $0 | $400 |
| Days on market | 46 | 47 |
Pricing History
Listed for Sale
Aug 21, 2026
$3,225,000
$3,450,000
-7% Price Drop
Initial Listing
Price Change
Jul 25, 2026
$3,450,000
Initial Listing