2700 Cliff, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 2 bath
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Newport Beach, California 92663
This property presents a High-Potential Investment Opportunity with a List Price of $4,999,000—positioned well below the $5,212,737 Fair Market Value by 4%. This valuation gap offers $213,737 in Instant Equity for buyers ready to capitalize on the Redevelopment Potential. With a Condition Rating of 5, the existing structure requires significant rehabilitation, yet the prime coastal location and Panoramic Ocean Views provide a rare foundation for a legacy estate. This is an ideal acquisition for Buy-and-Hold Investors or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2700 Cliff Subject | $4,999,000* List Price | 2 | 2 | 2,369 | $2,200 | - |
A 415 San Bernardino Sold | $3,900,000 | 2 | 2 | 1,599 | $2,439 | 0.1 mi |
B 300 Holmwood Drive Active | $3,700,000 List Price | 3 | 2 | 1,586 | $2,333 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 and marketed primarily as a redevelopment opportunity, the property is over 80 years old with a kitchen that appears to be a 25-30 year old renovation. The exterior shows significant weathering, and the listing description emphasizes the land's potential for a new estate, indicating the current structure requires a total rehab or replacement.
Situated in the prestigious Newport Heights and overlooking Cliff Drive Park, the property offers exceptional views of the Pacific Ocean, Catalina Island, and city lights.
Marketed as a rare redevelopment opportunity, this property provides a unique canvas for discerning buyers to create a custom legacy estate in one of Southern California's most sought-after neighborhoods.
The property is ideally located within the Newport Mesa Unified School District, offering convenient access to highly-rated schools including Newport Heights Elementary and Newport Harbor High.
Originally built in 1941, the current 2-bedroom residence likely requires a complete overhaul or demolition to align with modern luxury standards and maximize the site's value.
At a list price of nearly $5 million for a 2,369 square foot home, the value is heavily weighted in the land, making it a capital-intensive project for those looking to build or renovate.
Motivated sellers ready to let go of a piece of history, make us an offer. Introducing a truly RARE opportunity to own one of Newport Beach's most exceptional properties at 2700 Cliff Drive. Perfectly positioned in a coveted coastal location, overlooking Cliff Drive Park, this special offering combines historical surroundings, unparalleled potential, and the prestige of one of Southern California's most sought-after communities. Envisioned as a private estate with an ocean view, a legacy residence, or fantastic redevelopment opportunity, this remarkable property presents a unique chance to create something truly extraordinary. Opportunities of this caliber are exceedingly rare, making 2700 Cliff Drive a once-in-a-generation offering for discerning buyers seeking the very best of Newport Beach living.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 2,369 | 2,868 |
| Lot Size | 6,875 | 6,914 |
| Price | $5.00M | $4.44M |
| Price per sq ft | $2.1K | $1.6K |
| Built year | 1941 | 1970 |
| HOA | $0 | $430 |
| Days on market | 33 | 59 |
Jun 19, 2026
$4,999,000
Initial Listing