2953 Cliff Drive, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 3 bath
ACTIVE$13,900,000
2953 Cliff Drive, Newport Beach, California 92663
4Beds
3Baths
2,000Sqft
26,134Lot
Year Built
1987
Close
-
List price
$13.9M
Original List price
$14.89M
Price/Sqft
$6,950
HOA
-
Days on market
-
Sold On
-
MLS number
NP25256004
Home ConditionTear down
Features
Excellent View: Back Bay, Bridge(s), Canal, Catalina, Harbor, Marina, Ocean, Panoramic, Water
ViewBack Bay,Bridge(s),Canal,Catalina,Harbor,Marina,Ocean,Panoramic,Water
About this home
We found 4 Cons,6 Pros. Rank: price - $13.90M(97th), sqft - 2000(26th), beds - 4(50th), baths - 3(49th).
This is a genuine once-in-a-lifetime opportunity to acquire one of the finest Newport Heights parcels. Set on a sloping bluff this property affords unequalled Panoramic views of Ocean, Harbor, Lido, and Catalina Island. Two houses on one lot. Value is in the land. Great opportunity for Developer or build your dream estate in Newport. Huge 26,134 sq. ft. lot.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.0mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.6mi
7/10
Newport Harbor High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
12/11/25
Price Change
$13,900,000-6.6%
11/14/25
Listing
$14,888,000
Condition Rating
Tear down
The MLS description explicitly states 'Value is in the land' and the property analysis notes that the existing 1987-built structures are 'likely considered tear-downs or require extensive renovation.' This, combined with the complete absence of interior images (kitchen, bathrooms, etc.), strongly indicates that the current structures are not considered habitable or valuable in their present state and are intended for demolition to make way for new construction. While the property's age (1987) doesn't strictly meet the 'over 50 years old' criterion for a tear-down, the listing's emphasis on land value and redevelopment potential aligns perfectly with the 'tear-down' classification where the structure's value is negligible.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26134, living area = 2000.
Unrivaled Panoramic Views: The property boasts unparalleled panoramic views of the Ocean, Harbor, Lido, and Catalina Island, a premium and highly sought-after feature in this exclusive location.
Prime Newport Heights Location: Situated in the prestigious Newport Heights subdivision of Newport Beach, offering a highly desirable and exclusive address with strong market appeal.
Expansive & Valuable Land Parcel: A substantial 26,134 sq. ft. lot, with the primary value explicitly stated to be in the land, presenting a rare and significant asset in a high-demand area.
Significant Development Potential: Ideal for a developer or an individual looking to build a custom dream estate, leveraging the large lot size and prime location for a high-value project.
Dual Residences & Versatility: Features two existing houses on one lot, providing immediate flexibility for rental income, multi-generational living, or phased redevelopment strategies.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1440. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
High Investment Threshold: The list price of $13.9 million represents a significant financial commitment, narrowing the potential buyer pool to ultra-high-net-worth individuals or sophisticated developers.
Existing Structures' Limited Value: The description explicitly states 'Value is in the land,' implying the current 1987-built structures (2000 sqft) are likely considered tear-downs or require extensive renovation, adding substantial cost to the overall project.
Recent Price Adjustment: A recent price reduction from the original list price may indicate initial overpricing or market resistance, potentially signaling a longer sales cycle or further negotiation.