5901 Seashore Drive, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath
ACTIVE$9,590,000$3,185/sqft
5901 Seashore Drive, Newport Beach, California 92663
0Bed
0Bath
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.
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, this property is over 50 years old. The listing explicitly states that the 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating a significant need for immediate and substantial renovation in these critical areas. While the lower unit is tenant-occupied, suggesting it's functional, the overall age and the incomplete state of key remodels in one unit point to a property requiring substantial rehabilitation to meet modern standards. The exterior image also suggests an older, dated aesthetic consistent with its age, with no visible signs of recent extensive renovation.
Year Built
1965
Close
-
List price
$9.59M
Original List price
$9.59M
Price/Sqft
$3,011
HOA
-
Days on market
-
Sold On
-
MLS number
SB26002051
Home ConditionPoor
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; PROFORMA $13,000/MO, LOWER: 3 BEDROOMS, 1-3/4 BATHS FRONT PATIO/YARD, OCEAN VIEWS.TENANT OCCUPIED, $6,675/MO., 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 TENANT IN COMMON (TIC) WHICH CREATES SEPARATE UNDIVIDED PERCENTAGE OWNERSHIP INTEREST FOR UPPER AND LOWER UNIT THAT CAN BE INDIVIDUALLY BOUGHT AND SOLD. BUILD A WORLD-CLASS HOME PERFECTLY LOCATED "FRONT ROW" ON THE OCEAN TO ALL THE WONDERFUL EXPERIENCES NEWPORT BEACH HAS TO OFFER.
R
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
Poor
Built in 1965, this property is over 50 years old. The listing explicitly states that the 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit, indicating a significant need for immediate and substantial renovation in these critical areas. While the lower unit is tenant-occupied, suggesting it's functional, the overall age and the incomplete state of key remodels in one unit point to a property requiring substantial rehabilitation to meet modern standards. The exterior image also suggests an older, dated aesthetic consistent with its age, with no visible signs of recent extensive renovation.
Pros & Cons
Pros
Great Schools: Elementary School: Newport Elementary School (9/10).
Unrivaled Oceanfront Location & Views: Positioned as one of only two finest oceanfront corners in West Newport, this property boasts the largest lot on a quiet, uncrowded white sand non-boardwalk beach, offering spectacular panoramic ocean and coastline views from the Newport Pier to Pt. Fermin.
Significant Income-Generating Duplex: The property is improved with two oceanfront units, with the lower unit currently tenant-occupied at $6,675/month and the upper unit having a proforma rental income of $13,000/month, providing substantial income potential.
Exceptional Development & Conversion Potential: Offers versatile options for future use, including completing current renovations, converting to a single-family residence with an ADU, establishing Tenant In Common (TIC) ownership, or building a new world-class home.
Rare & Valuable Amenities: Features a 'can't be duplicated' 3-car garage and a 3/4 beach bath, highly desirable and unique amenities for an oceanfront property in this location.
Unique Mid-Century Architecture & Natural Light: The property comprises two oceanfront mid-century natural light-filled contemporary units that are described as 'can't be duplicated,' offering a distinct aesthetic and bright living spaces.
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.
Incomplete Renovations & Immediate Investment: The upper unit's kitchen and bath remodels are not completed, requiring immediate capital expenditure from the buyer to finish these essential updates.
Tenant Occupancy in Lower Unit: The lower unit is tenant-occupied, which may complicate immediate owner occupancy or extensive renovation plans for that specific unit.
Age of Property & Potential for Further Updates: Built in 1965, the property's age suggests potential for significant infrastructure updates beyond the mentioned remodels to meet modern luxury standards, implying further investment.