5901 Seashore Drive, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 5 bath
ACTIVE$9,900,000
5901 Seashore Drive, Newport Beach, California 92663
6Beds
5Baths
3,185Sqft
2,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Unparalleled Oceanfront Location & Views: Situated on one of only two prime oceanfront corner lots in West Newport, offering spectacular panoramic ocean and coastline views from the Newport Pier to Pt. Fermin, with direct access to a quiet, non-boardwalk beach.
Top Cons:
Unfinished Renovations: The upper unit requires completion of kitchen and bath remodels, necessitating immediate additional investment and project management for the new owner.
Compared to the nearby listings
Price:$9.90M vs avg $3.20M (+$6,700,000)92%
Size:3,185 sqft vs avg 2,440 sqft88%
Price/sqft:$3.1K vs avg $1.5K96%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, this property is nearly 60 years old. The listing explicitly states that 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating these essential areas are either non-functional, in a state of disrepair, or unfinished. This necessitates immediate and substantial investment. Furthermore, the 'Mid-Century Construction' suggests that core systems like electrical, plumbing, and HVAC are likely outdated and will require significant updates to meet modern standards and ensure comfort/safety. While the exterior image shows a maintained facade, the critical interior components are clearly in need of major rehabilitation, making the property uncomfortable or unsafe to live in its current state without substantial work.
Year Built
1965
Close
-
List price
$9.9M
Original List price
$10.9M
Price/Sqft
$3,108
HOA
-
Days on market
-
Sold On
-
MLS number
SB25162292
Home ConditionPoor
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Pier
Deck
Patio
ViewCatalina, Coastline, Ocean, Panoramic, Pier
About this home
ORIGINAL LIST PRICE $10,900,000, NOW... $9,900,000.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.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•2.0mi
9/10
Newport Elementary School
Public,•PK-6•2.1mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.9mi
7/10
Newport Harbor High School
Public,•9-12•2.0mi
Condition Rating
Poor
Built in 1965, this property is nearly 60 years old. The listing explicitly states that 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating these essential areas are either non-functional, in a state of disrepair, or unfinished. This necessitates immediate and substantial investment. Furthermore, the 'Mid-Century Construction' suggests that core systems like electrical, plumbing, and HVAC are likely outdated and will require significant updates to meet modern standards and ensure comfort/safety. While the exterior image shows a maintained facade, the critical interior components are clearly in need of major rehabilitation, making the property uncomfortable or unsafe to live in its current state without substantial work.
Pros & Cons
Pros
Unparalleled Oceanfront Location & Views: Situated on one of only two prime oceanfront corner lots in West Newport, offering spectacular panoramic ocean and coastline views from the Newport Pier to Pt. Fermin, with direct access to a quiet, non-boardwalk beach.
Exceptional Development & Income Potential: The property offers significant flexibility for renovation as a duplex, conversion to a single-family residence with an ADU, or complete redevelopment into a world-class custom home, alongside its current income-generating duplex configuration.
Substantial Price Reduction: A recent $1,000,000 price drop from the original list price indicates a motivated seller and presents a compelling value proposition for potential buyers.
Rare & Desirable Lot Features: Boasts the largest lot on a quiet, uncrowded white sand beach, ensuring all-day sun exposure and enhanced privacy, a unique advantage for an oceanfront property.
Unique Amenities for Oceanfront: Includes a rare and highly sought-after 3-car garage, a significant convenience and value-add for an oceanfront property in this area.
Cons
Unfinished Renovations: The upper unit requires completion of kitchen and bath remodels, necessitating immediate additional investment and project management for the new owner.
Mid-Century Construction & Potential Updates: Built in 1965, the property's mid-century origins may imply a need for updates to core systems (e.g., electrical, plumbing, HVAC) to meet modern standards and preferences, even if cosmetically updated.
High Capital Investment for Full Potential: While offering immense development potential, realizing a 'world-class home' or extensive renovations will require a substantial additional capital outlay beyond the already high purchase price.