
Newport Beach, California 92663
This Development-Ready Custom Estate Lot is a Prime Investment Opportunity with a List Price of $6,200,000—positioned well below the $6,498,623 Fair Market Value by 4%. This valuation gap offers $298,623 in Instant Equity for buyers ready to capitalize on included architectural and engineering plans. The cleared 11,623 sq ft lot is shovel-ready for a 6,483 sq ft residence featuring panoramic coastline and Catalina views. Boasting a Condition Rating of 6 and proximity to top-rated Newport Heights schools, this asset is ideal for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 Ocean View Avenue Subject | $6,200,000* List Price | 6 | 8 | 6,483 | $1,002 | - |
A 2209 Cliff Drive Active Under Contract | $4,900,000 List Price | 4 | 6 | 4,509 | $1,087 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is currently a vacant, cleared lot with no existing structure, kitchen, bathrooms, or mechanical systems. It is being sold for land value and development potential with included architectural plans.
The property is delivered with complete architectural, structural, and engineering plans already in plan check, allowing the buyer to skip months of design and entitlement work.
Situated on a premier street in Newport Heights, the lot offers stunning views of Catalina Island, the coastline, and city lights, significantly enhancing its long-term value.
The proposed 6,483 sq ft residence features high-end amenities including a private elevator serving all three levels, a subterranean 4-car garage, and a 597 sq ft rooftop deck.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6483, other record living area = 1325. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
As a vacant lot, the buyer must undertake the full cost and management of the construction process, which involves inherent risks and a lengthy timeline before the home is move-in ready.
The $6.2M list price for the land alone, combined with the costs of building a 6,400+ sq ft custom estate, represents a very high total investment that may limit the pool of potential buyers.
A rare opportunity to build a brand-new custom estate on one of Newport Beach's most desirable streets. This 11,623 sq ft vacant lot is delivered cleared and ready for construction, paired with a complete set of architectural, structural, and engineering drawings currently in plan check with the City of Newport Beach. The next owner skips months and tens of thousands of dollars of design, engineering, demolition, and entitlement work. The proposed design by Maxwell J. McCann, P.E. calls for an approximately 6,483 sq ft custom residence across three fully finished levels, featuring 6 bedrooms plus a dedicated office, approximately 8 bathrooms, and a private elevator serving every floor. The lower level offers 662 sq ft of finished living space alongside a 933 sq ft subterranean 4-car tandem garage, all elevator-accessed. The main level is built for entertaining with a sun-filled great room and wet bar, expansive game room, formal dining, gourmet kitchen with walk-in pantry, family room, private office, and covered porch, complemented by three en-suite guest bedrooms. Upstairs, a luxurious primary suite features a private balcony, oversized walk-in closet, and spa bath with separate water closet and shower, joined by three additional en-suite bedrooms and an open loft balcony overlooking the great room below. Outdoor living is woven throughout, with 626 sq ft of decks and balconies, an 80 sq ft covered porch, and a generous 597 sq ft rooftop deck ready for sunset gatherings.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 8.0 | 4.0 |
| Square foot | 6,483 | 2,868 |
| Lot Size | 11,623 | 6,914 |
| Price | $6.20M | $4.44M |
| Price per sq ft | $956 | $1.6K |
| Built year | 2026 | 1970 |
| HOA | $0 | $430 |
| Days on market | 82 | 59 |
May 1, 2026
$6,200,000
Initial Listing
Nov 19, 2021
$3,800,000
Public Record
Nov 16, 2001
$820,000
Public Record