5901 Seashore Drive, Newport Beach, California 92663 home-pic-0

5901 Seashore Drive, Newport Beach, California 92663 home-pic-1

ACTIVE$9,590,000$3,185/sqft

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:

Great Schools: Elementary School: Newport Elementary School (9/10).

Top Cons:

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3185, other record living area = 1285. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.

Compared to the nearby listings

Price:$9.59M vs avg $3.30M (+$6,290,000)91%

Size:3,185 sqft vs avg 2,467 sqft87%

Price/sqft:$3.0K vs avg $1.5K91%

More Insights

Built in 1965 (61 years old).

Condition: Built in 1965, the property's 'mid-century contemporary' style is evident in the exterior images, suggesting an aged but maintained structure. The description explicitly states that 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating immediate and significant updates are required in key areas. While functional, the home shows signs of being outdated and needs more than minor cosmetic fixes to meet current standards, aligning with the 'fair' condition criteria.

Year Built

1965

List price

$9.59M

Original List price

$959K

Price/Sqft

$3,011

HOA

Days on market

Sold On

MLS number

SB26002032

Home ConditionFair

Features

Excellent View: Catalina, Coastline, Ocean, Panoramic, Pier

Deck

Patio

ViewCatalina, Coastline, Ocean, Panoramic, Pier

About this home

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.

Robert Schumann

Listing Agent

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

Fair

Built in 1965, the property's 'mid-century contemporary' style is evident in the exterior images, suggesting an aged but maintained structure. The description explicitly states that 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating immediate and significant updates are required in key areas. While functional, the home shows signs of being outdated and needs more than minor cosmetic fixes to meet current standards, aligning with the 'fair' condition criteria.

Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).

Unparalleled Oceanfront Location & Views: Prime corner lot on a quiet, uncrowded, non-boardwalk beach, offering spectacular panoramic ocean, coastline, Catalina, and pier views from Newport Pier to Pt. Fermin.

Exceptional Lot Size & Rarity: One of only two finest oceanfront corners in West Newport, featuring the largest lot on a non-boardwalk beach, providing all-day sun and a unique, non-duplicable position.

Versatile Income & Usage Potential: Currently configured as two oceanfront units (duplex), with potential to complete renovations, convert to a single-family residence with ADU, or establish Tenancy in Common for individual unit sales.

Significant Development Opportunity: The large, prime oceanfront lot presents an ideal canvas for building a world-class, custom luxury home in a highly desirable 'front row' location.

Rare 3-Car Garage: Features a non-duplicable 3-car garage, a highly valuable and sought-after amenity for an oceanfront property in this area.

Cons

Incomplete Renovations: The upper unit's kitchen and bath remodels are not completed, requiring immediate additional investment and effort from the buyer.

Property Age & Potential Updates: Built in 1965, the property's age suggests potential for outdated systems or the need for comprehensive modernizations beyond the stated incomplete remodels to meet contemporary luxury standards.

High Entry Price with Required Investment: The significant list price, coupled with the necessity for further renovations and potential updates, implies a substantial total investment for the buyer to maximize the property's value and potential.

5901 Seashore Drive, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 5 bath