2155 Miramar, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 2 bath
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2155 Miramar
Newport Beach, California 92661
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,299Sq Ft
2,590Lot Size
Property Price
LIST PRICE$3,925,000
EST. MARKET VALUE
$3,207,090
22% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $3,925,000—positioned well above the $3,207,091 Fair Market Value by -22%. While the current pricing reflects a premium, the Condition Rating of 6 and the explicit "value is in the land" designation highlight its status as a prime tear-down candidate. Located steps from the iconic "Wedge," this site offers rare custom development potential in a prestigious coastal enclave. This is an ideal acquisition for Luxury Developers or Custom Home Builders seeking a premier Newport Beach project.
Estimated Market Value
$3,207,090
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2155 Miramar Subject 3 bd · 2 ba · 1,299 sqft · $2,469 | $3,925,000* List Price | 3 | 2 | 1,299 | $2,469 | - |
A 2012 E Ocean Boulevard Sold 4 bd · 3 ba · 1,643 sqft · $2,222 · 0.2 mi | $3,650,000 | 4 | 3 | 1,643 | $2,222 | 0.2 mi |
B 449 M Street Active Under Contract 3 bd · 2 ba · 1,174 sqft · $2,892 · 0.2 mi | $3,395,000 List Price | 3 | 2 | 1,174 | $2,892 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1930 (94 years old) with no recorded renovations. The listing explicitly states 'Value is in the land' and 'opportunity to build your custom Beach House,' which meets the criteria for a tear-down.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the prestigious Balboa Peninsula Point, the property is just steps away from the world-famous 'Wedge' surf spot and pristine Newport beaches.
- Custom Development Potential
The property represents a premier opportunity to build a custom luxury beach house, with the primary value residing in the land and its highly desirable location.
- Quiet Residential Setting
Located on Miramar Avenue, the property offers a peaceful and quiet environment, which is a significant advantage for a residence on the Balboa Peninsula.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is sold strictly in 'as-is' condition with no warranties, meaning the existing 1930s structure likely requires demolition or a total rebuild.
- Limited Lot Size
With a lot size of 2,590 square feet, the property is relatively compact, which may restrict the architectural footprint and outdoor space for a new development.
About 2155 Miramar
Great opportunity to build your custom Beach House on quiet Miramar Ave. Close to the famous Newport beach "Wedge". Property sold "as is". Sellers makes no warranties expressed or implied. Sellers to make no repairs whatsoever. Value is in the land. Available to show on 10/27/26. Open house on 10/30/26. 11am to 2pm. Seller will be reviewing offers on 10/31/26.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 2,590 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 2.2 mi
9/10
Horace Ensign Intermediate School
Grades 7-8 • 2.4 mi
7/10
Newport Harbor High School
Grades 9-12 • 2.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.5 |
| Square foot | 1,299 | 2,652.074 |
| Lot Size | 2,590 | 6,056.485 |
| Price | $3.92M | $4.19M |
| Price per sq ft | $3.0K | $1.6K |
| Built year | 1930 | 1972 |
| HOA | $0 | $463 |
| Days on market | 3 | 70 |
Pricing History
Listed for Sale
Oct 21, 2026
$3,925,000
Initial Listing