5901 Seashore Drive, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 5 bath
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Newport Beach, California 92663
This property presents a High-Potential Investment Opportunity with a List Price of $9,700,000—positioned well below the $10,148,955 Fair Market Value by 4%. This valuation gap offers $448,955 in Instant Equity for buyers. With a Condition Rating of 5, the asset requires significant modernization, yet its Premier Oceanfront Corner Lot and Panoramic Ocean Views provide unmatched redevelopment potential. Ideal for Buy-and-Hold Investors or Luxury Developers, this site offers a rare chance to build a world-class residence in a top-tier school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5901 Seashore Drive Subject | $9,700,000* List Price | 6 | 5 | 3,185 | $3,186 | - |
A 4103 Seashore Sold | $9,200,000 | 7 | 4 | 2,724 | $3,377 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (59 years old), the property is well beyond the 30-year threshold for major systems and finishes. The listing explicitly states that kitchen and bath remodels are not completed and suggests the potential to build a new 'world-class home,' indicating the current structure requires significant rehab to meet modern standards.
Elementary School: Newport Elementary School (9/10).
Occupying one of only two elite corner positions in West Newport, this oversized lot offers a rare 'front row' experience on a quiet, non-boardwalk beach with maximum privacy and all-day sun exposure.
The property features spectacular, unobstructed coastline vistas stretching from the Newport Pier to Pt. Fermin, enhanced by the unique advantage of having no homes situated behind the lot.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The upper unit's kitchen and bathroom remodels are currently unfinished, requiring the buyer to commit immediate capital and management to complete the interior improvements.
Built in 1965, the property likely requires extensive modernization of its core systems or a full teardown to meet the luxury standards expected at a nearly $10 million price point.
ONE OF ONLY 2 OF THE FINEST OCEAN FRONT CORNERS IN WEST NEWPORT, PROVIDES ALL DAY SUN FROM THE LARGEST LOT ON QUIET, UNCROWDED WHITE SAND NON-BOARDWALK BEACH, WITH SPECTACULAR PANORAMIC OCEAN/COASTLINE VIEWS FROM THE NEWPORT PIER TO PT. FERMIN IN FRONT WITH NO HOMES BEHIND. IMPROVED WITH 2 OCEAN FRONT MID-CENTURY NATURAL LIGHT FILLED CONTEMPORARY UNITS (CAN'T BE DUPLICATED). UPPER: 3 BEDROOMS, 1-3/4 BATHS, FAMILY ROOM, LARGE DECK, BREATHTAKING VIEWS; KITCHEN, BATH REMODELS NOT COMPLETED. LOWER: 3 BEDROOMS, 1-3/4 BATHS FRONT PATIO/YARD, OCEAN VIEWS. 3 CAR GARAGE (CAN'T BE DUPLICATED), AND 3/4 BEACH BATH. POTENTIAL: COMPLETE UPPER UNIT KITCHEN, BATH RENOVATIONS, ENJOY AS IS. RENOVATE FOR USE AS A DUPLEX OR A SINGLE-FAMILY RESIDENCE WITH ADU. CONVERT OWNERSHIP TO TENNANT IN COMMON(TIC) WHICH CREATES SEPARATE UNDIVIDED PERCENTAGTE OWNERSHIP INTEREST FOR UPPER UNIT AND LOWER UNIT THAT CAN BE INDIVIDUALLY BOUGHT AND SOLD. BUILD A WORLD-CLASS HOME PERFECTLY LOCATED "FRONT ROW" ON THE OCEAN AND TO ALL THE WONDERFULL EXPERIENCES NEWPORT BEACH HAS TO OFFER.
No exterior & parking available.
Grades K-6 • 2.0 mi
Grades PK-6 • 2.1 mi
Grades 7-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 73% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 3,185 | 2,400 | 80% |
| Lot Size | 2,700 | 2,439 | 73% |
| Price | $9.70M | $2.90M | 93% |
| Price per sq ft | $3.0K | $2.0K | 87% |
| Built year | 1965 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 168 | 7% |
May 29, 2026
$9,700,000
Initial Listing
May 28, 2026
$9,590,000
Initial Listing