
Newport Beach, California 92663
This property presents a Strong Value Opportunity with a List Price of $4,200,000—positioned well below the $4,486,143 Fair Market Value by 6%. This valuation gap offers $286,143 in Instant Equity for buyers. Featuring a Fair Condition Rating (1964 original), the 11,400 sqft lot and four-car garage provide significant development potential for a custom coastal estate. Located in the Newport Mesa Unified district, this is a Value-Add Investor asset or a prime project for Owner-Occupants seeking a custom build.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 Ocean View Subject | $4,200,000* List Price | 3 | 2 | 2,264 | $1,982 | - |
A 2700 Cliff Pending | $4,999,000 List Price | 2 | 2 | 2,369 | $2,110 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 and described as the 'original' home, the property is 60 years old with no evidence of major renovations. The kitchen and interior finishes (wood paneling, built-ins) are severely dated, and the listing explicitly focuses on the 11,000 sqft lot's potential for a custom rebuild, signaling the structure needs a total rehab or replacement.
Situated in the prestigious Newport Heights neighborhood, the property is just blocks from PCH and minutes from Lido Village, offering unparalleled access to luxury dining, shopping, and beaches.
The oversized 11,400-square-foot lot offers rare flexibility to renovate, expand, or build a custom estate with the potential for a third level to capture sweeping ocean views.
The attached four-car garage provides exceptional storage and parking capacity, a highly sought-after and uncommon feature for residential properties in this coastal enclave.
As a 1964 A-frame in largely original condition, the home will require significant modernization or a complete teardown to align with contemporary luxury expectations.
With a list price of $4.2 million, the property is priced primarily for its land and location, necessitating a high additional budget for renovation or reconstruction.
This is a rare find in one of Newport Beach’s most prized coastal spots, offering endless potential to create, expand, or redesign. The original three-bedroom, two-bath A-frame home sits on an approximately 11,000-square-foot lot in the coveted Newport Heights neighborhood, just a block from Pacific Coast Highway and minutes from Lido Village, Newport Harbor, Nobu, golf courses, sandy beaches, shopping, and all the best that Newport Beach has to offer. Expansive casement windows in the living and dining rooms fill the home with natural light and invite in the refreshing Newport Beach coastal breeze. This home offers a charming, front courtyard and garden sitting area are anchored by a stunning estimated 120-year-old tree, adding shade, character, and a sense of history. The French doors from the bonus room open to a backyard that offers versatile space for entertaining, relaxing, or creating an extra living area. The property offers an attached four-car garage offering abundant space, storage, and direct access to the home. Whether maintaining the home’s original charm, renovating, expanding, or building a custom coastal retreat, the possibilities are endless—there may even be potential to add a third level with sweeping ocean views. With its prime location, large usable lot, breezes and light-filled spaces, this is a truly special Newport Beach property.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.8 |
| Square foot | 2,264 | 2,729.518 |
| Lot Size | 11,400 | 6,677.813 |
| Price | $4.20M | $4.20M |
| Price per sq ft | $1.9K | $1.6K |
| Built year | 1964 | 1972 |
| HOA | $0 | $414 |
| Days on market | 6 | 63 |
Sep 3, 2026
$4,200,000
Initial Listing