
Newport Beach, California 92663
This property presents a High-Potential Investment Opportunity with a List Price of $5,200,000—positioned well below the $5,360,520 Fair Market Value by 2%. This valuation gap offers $160,520 in Instant Equity for buyers. Featuring a Condition Rating of 6, the site is a prime teardown offering unobstructed panoramic ocean and harbor views. This is a high-reward acquisition ideal for Luxury Developers or Custom Home Builders seeking a premier cliffside lot in the Newport Mesa Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2209 Cliff Drive Subject 4 bd · 6 ba · 4,509 sqft · $1,132 | $3,750,000* List Price | 4 | 6 | 4,509 | $1,132 | - |
A 101 Kings Place Sold 4 bd · 4 ba · 3,479 sqft · $1,437 · 0.6 mi | $5,000,000 | 4 | 4 | 3,479 | $1,437 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1971 (over 50 years old) with no recorded renovations; the listing explicitly states the structures are a teardown, focusing entirely on the land value and development potential for a new build.
The property boasts rare, straight-on views of the harbor, ocean, and Catalina Island without rooftop obstructions, providing a premier coastal vantage point.
Marketed as a teardown on a high-value cliffside lot, this site offers a clean slate to build a custom luxury residence in a neighborhood of appreciating high-end builds.
Situated on the prestigious Cliff Drive in Newport Heights, the location offers a front-row seat to the Christmas Boat Parade and proximity to top-rated schools.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4509, other record living area = 2496. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The two existing structures are in teardown condition, necessitating immediate demolition and significant additional capital for new construction.
With a $5.2M list price for a lot-value property, the total investment required to realize the home's full potential is substantial, targeting a specific high-net-worth buyer.
Best development opportunity on the market in Newport Beach. Set high on the cliff with straight-on ocean and harbor views, this is the kind of vantage point that almost never comes available. No angles, no peeking through rooftops, just wide-open water, boats moving through the harbor, and clear-day views all the way to Catalina Island. The two existing structures are a teardown, which is exactly where the opportunity lives. You’re starting clean on one of the most valuable view lots in the area, surrounded by new high-end builds pushing values higher. Build up and you unlock multiple levels of unobstructed ocean and harbor views, plus a front-row seat to the Newport Beach Christmas Boat Parade. Opportunities with this kind of view, positioning and future value rarely hit the market and are gone quickly.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 6.0 | 3.5 |
| Square foot | 4,509 | 2,652.074 |
| Lot Size | 7,405 | 6,056.485 |
| Price | $3.75M | $4.19M |
| Price per sq ft | $832 | $1.6K |
| Built year | 1971 | 1972 |
| HOA | $0 | $463 |
| Days on market | 98 | 70 |
Sep 22, 2026
$3,750,000
$4,950,000
-24% Price Drop
Initial Listing
Sep 9, 2026
$4,950,000
$4,990,000
-1% Price Drop
Initial Listing
Aug 27, 2026
$4,990,000
$5,200,000
-4% Price Drop
Initial Listing
Jul 19, 2026
$5,200,000
Initial Listing
May 16, 2022
$4,750,000
Public Record
Jun 5, 1998
$735,000
Public Record
Feb 6, 1996
$795,000
Public Record